Bybit Taxes: How to File Your Crypto Tax Report
Bybit does not withhold taxes or file reports on your behalf. Every trade, derivatives settlement and Earn reward is your responsibility. CoinTracking imports your full Bybit history, calculates gains and losses, and generates a tax report ready for your country.
See Exactly How To Import Your Bybit Account
Watch how to connect your Bybit Unified account to CoinTracking via API and get a tax report ready in minutes.
Start Your Free Bybit Import- Every crypto trade and derivatives settlement on Bybit is a taxable disposal in most EU countries. Capital gains tax applies when you sell, swap or close a position.
- Bybit Earn rewards and yield products are taxable as income in most EU jurisdictions, at the point you receive them, not when you sell.
- Transfers between your own wallets are not taxable events. Buying crypto with fiat is not a taxable event.
- Under DAC8, EU crypto exchanges including Bybit EU are required to report user transaction data to national tax authorities from 2026. Your trading history is increasingly visible to tax authorities.
Bybit and Your Tax Obligations
Bybit is one of the world's largest crypto derivatives and spot exchanges, offering a Unified account that covers spot trading, perpetual and futures contracts, Earn products and flat trading — all in one place. This breadth of products creates a wide range of potentially taxable events.
Bybit does not withhold taxes or file reports on your behalf. You are responsible for tracking every transaction, calculating gains and losses, and declaring them to your national tax authority.
CoinTracking supports the full Bybit import in three ways:
- ByBit (Unified: Spot, Derivatives, Earn, Flat Trading, Assets): connect automatically via API Key and Private Key (Secret), upload a CSV file, or use the Legacy API import
- ByBit EU: separate import for Bybit's EU-regulated platform
Crypto Tax Basics: What EU Investors Need to Know
Tax rules for crypto vary across EU member states. These three principles apply broadly, but always verify the specifics with your local tax authority or a qualified advisor.
Trading crypto is a taxable disposal
In most EU countries, every sale, swap or closing of a derivatives position 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.
Earn rewards and yield income are taxable
When you receive Bybit Earn rewards or yield product payouts, that income is typically taxable at the point of receipt, based on the market value at that time. The later sale of those rewards is treated as a separate capital gain.
Records are your responsibility
EU crypto exchanges are required under DAC8 to report transaction data to national tax authorities from 2026. Accurate records remain your responsibility. CoinTracking maintains a complete, dated audit trail of every Bybit transaction — including derivatives PnL, funding fees and Earn payouts.
Bybit 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 Bybit.
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 €600/year are tax-free
- Earn income: Taxed as other income (Sonstige Einkünfte)
- Cost basis: FIFO
- Authority: Finanzamt
- Forms: Anlage SO, Anlage KAP
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024
- Annual exempt amount: £3,000 (2024/25 onward)
- Earn 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
- Earn income: Taxed as savings income (rendimientos del capital)
- 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
- Earn 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
- Earn 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
- Earn income: Taxed at 35% flat rate or progressive income tax rates
- Authority: Autoridade Tributária (AT)
- Forms: Modelo 3, Anexo G or Anexo J
United States
- Short-term gains (held under 1 year): Ordinary income tax (10-37%)
- Long-term gains (held 1 year or longer): 0%, 15%, or 20% depending on income
- Earn rewards: Taxable as ordinary income when received
- Cost basis: FIFO (default); specific identification permitted
- Authority: IRS
- Forms: Form 8949, Schedule D
France
- Flat 30% tax (PFU): Gains from crypto disposals are subject to the prelevement 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.
- Earn income: Taxed as BNC (non-commercial income) if received regularly; otherwise as capital gains.
- Authority: Direction generale des Finances publiques (DGFiP). Declare via Formulaire 2086.
Austria
- 27.5% capital gains tax: Since March 2022, crypto is taxed like shares — a flat 27.5% KESt (Kapitalertragsteuer) applies to gains.
- Old coins grandfathered: Crypto acquired before 28 February 2021 is tax-free on disposal (no KESt applies).
- Earn and yield: Treated as capital income, also taxed at 27.5%.
- Authority: Finanzamt Austria. Report via Einkommensteuererklarung (E1 / E1kv).
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 Bybit Transactions Taxable?
In most EU countries, crypto is treated as an asset: disposing of it can trigger capital gains tax, and earning it can count as income. Use this as a starting reference. The exact rules vary by country.
Taxable Events
- Selling crypto for fiat (EUR, GBP, etc.)
- Swapping crypto for crypto
- Closing perpetual or futures positions (PnL)
- Bybit Earn and yield product rewards received
- Airdrops received in exchange for an action
- Using crypto to pay for goods or services
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own wallets
- Depositing fiat to Bybit
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Bybit Taxes
Calculating crypto taxes manually is especially complex on Bybit, where a single account can hold spot positions, open perpetuals, funded Earn products and flat trading activity — all generating taxable events.
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 Earn payouts, the taxable income is the market value at the time of receipt.
CoinTracking automates this across your full Bybit history — including derivatives PnL, funding fees and Earn rewards — and produces a report your accountant or local tax authority will accept.
How to Import Bybit into CoinTracking
Three steps to connect your Bybit account and sync all transactions automatically.
- 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 Bybit and select your account type
Type Bybit in the search field. CoinTracking shows two options: ByBit (for global accounts) and ByBit EU (for the EU-regulated platform). Select the one matching your account.
- 3
Create a Read-Only API key and connect
In Bybit, go to User Profile, then Account and Security, then API Management. Click Create New Key, choose System-generated API Keys with Usage set to API Transaction. Enable Read-Only permissions, whitelist the IP 3.248.77.147, and check all product boxes: Unified Trading, Earn, Flat Trading, Assets. Paste your API Key and Private Key (Secret) into CoinTracking and click Connect and Import.
"As a crypto tax professional, I recommend CoinTracking to all my clients. The import coverage and report accuracy make tax preparation significantly easier."
How to Create Your Bybit
Tax Report with CoinTracking
Three steps from a fresh account to a tax report your accountant will accept.
Connect Bybit via API or CSV
Log into CoinTracking, go to Imports and search for Bybit. Create a Read-Only API key in Bybit with all product categories enabled (Unified Trading, Earn, Flat Trading, Assets) and paste it into CoinTracking. All trades, derivatives PnL, funding fees and Earn rewards sync automatically.
Review your transactions
Open Reports and 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.
In most EU countries, yes. Every crypto sale, swap or derivatives settlement on Bybit is a taxable event. Capital gains tax applies on the difference between your cost basis and proceeds. Tax-free thresholds and rates vary by country.
From 2026, EU crypto exchanges including Bybit EU are required under DAC8 to report user transaction data to national tax authorities. Outside the EU, Bybit shares data with authorities under international information exchange agreements. Your trading history is increasingly visible to tax authorities.
In most EU jurisdictions, Bybit Earn rewards and yield products are taxable as income when you receive them, based on the market value at that point. The later sale of those rewards triggers a separate capital gain or loss. For US users, the IRS treats staking and lending rewards as ordinary income.
Log into CoinTracking, go to Imports and search for Bybit. Select Bybit (Unified) or Bybit EU depending on your account. Click Connect automatically, enter your API Key and Private Key (Secret), and click Connect and Import. Make sure your Bybit API key has Read-Only permissions with all product categories enabled.
Yes. The Bybit Unified account import covers spot, derivatives (perpetuals and futures), Earn, Flat Trading and Assets in a single connection. CoinTracking handles PnL, funding fees and liquidations automatically.
Yes. In most EU countries and in the US, realised losses from crypto can be offset against gains in the same tax year. Rules on carrying losses forward vary by country. CoinTracking calculates and reports both gains and losses automatically.
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