Bitrue Taxes: How to Generate Your Crypto Tax Report
Bitrue does not create a tax report for you. Every crypto trade and disposal is a potential tax event you are responsible for declaring. CoinTracking imports your full Bitrue transaction history via CSV export, calculates gains and losses, and generates a tax report ready for your tax authority or accountant.
How to Import Your Bitrue Transactions into CoinTracking
Watch how to export your transaction history from Bitrue as a CSV file and import it into CoinTracking to generate your crypto tax report.
Start Your Free Bitrue Import- Every crypto trade on Bitrue is a taxable disposal in most jurisdictions. Capital gains tax applies when you sell, swap or spend crypto.
- Export your Bitrue transaction history as a CSV file and upload it to CoinTracking to generate your complete tax report.
- Transfers between your own wallets are not taxable events. Buying and holding crypto is not a taxable event.
Bitrue and Your Tax Obligations
Bitrue is a global crypto exchange founded in 2018 and registered in Seychelles. It offers spot trading, lending, and staking services with a particular focus on XRP-based trading pairs. As a Seychelles-registered exchange, Bitrue is not subject to EU financial regulations and has no DAC8 reporting obligations.
Bitrue does not offer an API for tax software. Your transaction history must be exported as a CSV file from your account and uploaded to CoinTracking.
CoinTracking supports Bitrue via CSV file upload:
- Bitrue transaction history CSV: downloaded from your Bitrue account settings or order history section
- Spot trading transactions are supported
- CoinTracking maps Bitrue CSV columns automatically
Crypto Tax Basics: What Bitrue Users Need to Know
Tax rules for crypto vary across jurisdictions. These three principles apply broadly to Bitrue users, but always verify the specifics with your local tax authority or a qualified advisor.
Trading crypto is a taxable disposal
In most countries, every sale, swap or use of crypto is a taxable event. Capital gains tax applies to the difference between what you paid (cost basis) and what you received. Transfers between your own wallets do not trigger tax.
Bitrue is a global exchange — no DAC8 obligation
Bitrue is registered in Seychelles and is not subject to EU financial regulations. It has no obligation under the DAC8 directive to report transaction data to European tax authorities. Similarly, Bitrue has no automatic reporting obligations under frameworks such as CARF to other major tax jurisdictions. However, this does not reduce your personal tax obligations. You remain fully responsible for declaring all crypto gains in your home country, regardless of where the exchange operates.
Records are your responsibility
Bitrue does not issue formal tax documents. The CSV export is a raw transaction history — not a tax report. Accurate records of every trade, date, cost and proceeds remain your responsibility. CoinTracking maintains a complete, dated audit trail of every Bitrue transaction you import, so you are prepared if your tax authority ever asks for documentation.
Bitrue Taxes by Country
Crypto tax rules differ by market. Below are the key rates, deadlines and filing forms for the countries where CoinTracking users trade most actively on Bitrue.
Germany
- Disposal tax: Personal income tax rate (up to 45%); gains are tax-free if held longer than 1 year (Haltefrist)
- Annual exemption: Gains up to €1,000/year are tax-free
- Staking income: Taxed as other income (Sonstige Einkünfte)
- Cost basis: FIFO per wallet
- Authority: Finanzamt
- Forms: Anlage SO, Anlage KAP
Austria
- 27.5% capital gains tax: Since March 2022, crypto is taxed like shares — a flat 27.5% KESt applies to gains.
- Old coins grandfathered: Crypto acquired before 28 February 2021 is tax-free on disposal.
- Staking and lending: Treated as capital income, also taxed at 27.5%.
- Authority: Finanzamt Austria. Report via Einkommensteuererklärung (E1 / E1kv).
Switzerland
- Capital gains: Generally tax-free for private investors (no capital gains tax on crypto disposals for non-professionals)
- Wealth tax: Crypto holdings are subject to wealth tax at cantonal rates based on year-end market value
- Income from crypto: Mining and staking rewards are taxed as income at progressive rates
- Authority: Cantonal tax authority (varies by canton)
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024
- Annual exempt amount: £3,000 (2024/25 onward)
- Staking income: Income Tax at marginal rate
- Cost basis: Section 104 pool (HMRC rules)
- Authority: HMRC
- Forms: Self Assessment SA100, SA108
Spain
- Savings income (IRPF): 19% up to €6,000; 21% up to €50,000; 23% up to €200,000; 27% up to €300,000; 28% above
- Foreign crypto disclosure: Modelo 721 required if portfolio exceeds €50,000 abroad
- Staking income: Taxed as savings income
- Authority: Agencia Tributaria (AEAT)
- Forms: Modelo 100 (IRPF), Modelo 721
Poland
- Flat rate: 19% on all crypto gains (no holding period exemption)
- Loss carryforward: Up to 5 years
- Staking income: Taxed as capital income at 19%
- Cost basis: FIFO
- Authority: Urząd Skarbowy
- Form: PIT-38
Italy
- Flat rate: 26% on gains exceeding €2,000/year (from 2023)
- Foreign holdings disclosure: Quadro RW required if portfolio exceeds €15,000
- Staking income: Taxed as capital income at 26%
- Authority: Agenzia delle Entrate
- Forms: Quadro RT (gains), Quadro RW (foreign holdings)
Portugal
- Disposal tax: 28% on gains from crypto held less than 1 year (from 2023)
- Long-term holding: Tax-free on disposal if held 1 year or longer
- Staking income: Taxed at 35% flat rate or progressive income tax rates
- Authority: Autoridade Tributária (AT)
- Forms: Modelo 3, Anexo G or Anexo J
France
- Flat 30% tax (PFU): Gains from crypto disposals are subject to the prélèvement forfaitaire unique (PFU) — 12.8% income tax + 17.2% social charges.
- No exemption for holding period: Unlike Germany, there is no tax-free threshold after 1 year.
- Staking income: Taxed as BNC (non-commercial income) if received regularly; otherwise as capital gains.
- Authority: Direction générale des Finances publiques (DGFiP). Declare via Formulaire 2086.
Tax rules change frequently. This overview is for general information only and does not constitute tax advice. Consult a qualified advisor for your specific situation.
Are Bitrue Transactions Taxable?
In most jurisdictions, crypto is treated as an asset: disposing of it can trigger capital gains tax. Use this as a starting reference. The exact rules vary by country.
Taxable Events
- Selling crypto for fiat (EUR, USD, etc.)
- Swapping crypto for crypto
- Using crypto to pay for goods or services
- Receiving crypto as income or reward
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own wallets
- Depositing fiat to Bitrue
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Bitrue Taxes
Bitrue's CSV export contains your raw trade history — but converting that into an accurate tax report requires calculating cost basis, holding periods and gains for every transaction.
The core calculation is straightforward: take what you received (proceeds), subtract what you paid (cost basis, calculated with FIFO), and the result is your taxable gain or loss. For users in countries with holding period exemptions (such as Germany's 1-year rule), each individual lot must also be tracked by date.
CoinTracking automates this across your full Bitrue history and produces a report your accountant or local tax authority will accept.
How to Import Bitrue into CoinTracking
Three steps to upload your Bitrue transaction history and generate your tax report.
- 1
Log into CoinTracking and open Imports
After logging in, click the Import icon in the left navigation. This is where you connect all your exchanges, wallets and blockchains.
- 2
Search for Bitrue in the import list
Type "Bitrue" in the search field. CoinTracking will show the Bitrue import option for CSV upload.
- 3
Upload your Bitrue transaction history
Log into Bitrue, navigate to your transaction or order history, select your time period, download the CSV file, and upload it to CoinTracking.
"CoinTracking can handle just about any complex transaction you can throw at it and the automation is a real lifesaver. Of all the tax software tools we've reviewed, CoinTracking is the most detail-oriented and has more accuracy checks in place than the competition."
How to Create Your Bitrue
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Export your Bitrue transaction history
Log into Bitrue, navigate to your transaction or order history, select your time period, and download your CSV file.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate.
Generate and export your tax report
Select your country and tax year. CoinTracking generates a report formatted for your jurisdiction: PDF or Excel, ready to file or hand to your accountant.
No. Bitrue does not generate a tax report for users. It offers a transaction history export in CSV format from your account settings. You are responsible for converting that data into a jurisdiction-specific tax report. CoinTracking imports your Bitrue CSV and generates a complete, compliant report for your country.
Log into your Bitrue account, navigate to your account or order history section, select the time period you want to export, and download your transaction history as a CSV file. Then upload the CSV file directly into CoinTracking.
Bitrue is registered in Seychelles and is not regulated by the EU or any major Western financial authority. As a non-EU exchange, Bitrue has no obligation under DAC8 to report your transaction data to European tax authorities. However, you remain fully responsible for declaring your crypto gains in your home country regardless of where the exchange is based.
Bitrue is registered in Seychelles and currently has no obligation to automatically share transaction data with EU or other major tax authorities under frameworks such as DAC8 or CARF. However, tax authorities in your country may still request information, and you are legally required to self-report your crypto gains. Using CoinTracking ensures you have an accurate, complete record ready to file.
Yes, in most jurisdictions. Every sale, swap or disposal of cryptocurrency is a taxable event regardless of which exchange you used. The gain or loss is the difference between your cost basis and the proceeds at the time of disposal. The fact that Bitrue is registered in Seychelles does not exempt you from tax obligations in your home country.
Bitrue does not currently offer a public API for importing transaction data into third-party tax software. The supported import method is the CSV export from your Bitrue account. CoinTracking fully supports the Bitrue CSV format, letting you generate a complete tax report from your exported history.
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