As cryptocurrency adoption continues to grow, so does the need for regulatory clarity—especially when it comes to taxes. If you’re using platforms like Crypto.com to trade, stake, spend, or earn rewards in crypto, you may be wondering how those transactions affect your tax obligations. The term Crypto.com tax refers specifically to how crypto activities on the Crypto.com platform are reported and taxed under various tax jurisdictions.
Whether you’re an active trader, long-term investor, or casual user, understanding how your activity on Crypto.com influences your taxable income is critical to remaining compliant. Failing to report crypto income correctly can result in penalties, audits, or even legal consequences. In this comprehensive 3,000-word guide, we’ll walk you through everything you need to know about Crypto.com tax in 2025 — including reporting, tools, common pitfalls, and actionable tips to help you stay ahead.
What Is Crypto.com?
Crypto.com is a widely used cryptocurrency exchange and financial services platform that offers a broad range of features, including crypto trading, a Visa debit card for crypto spending, staking services, crypto-backed loans, and DeFi access.
The platform supports over 250 cryptocurrencies and is known for its user-friendly mobile app and ecosystem. However, with this diversity of services comes a complex tax situation — because each transaction may have different tax implications based on how and where it’s used.
Why Crypto.com Activity Is Taxable
Most countries, including the United States, United Kingdom, Canada, and Australia, classify cryptocurrency as property or a digital asset. This means your crypto activity is subject to capital gains tax, income tax, or both — depending on the nature of the transaction.
Here’s how the tax authorities generally treat different crypto actions on Crypto.com:
- Trading crypto: Selling crypto for fiat or swapping one crypto for another triggers a capital gain or loss
- Staking rewards: Considered taxable income when received
- Spending crypto via Visa card: Treated as a sale of the crypto used to pay for goods/services
- Earning via Crypto.com Earn: Taxable as interest income
- Receiving crypto payments: Taxed as income at fair market value on the receipt date
Understanding which activities are taxable is the first step to proper tax reporting.
Crypto.com Tax Reporting by Region
Since crypto taxation laws vary across jurisdictions, here’s how Crypto.com tax reporting is generally approached in the most common tax regions:
United States
In the U.S., the IRS treats crypto as property. Any disposal of crypto — including trades, sales, or spending — is a taxable event.
- Capital gains: Calculated based on the difference between your cost basis and the selling price
- Crypto earned through staking or rewards: Reported as ordinary income
- Form 8949 & Schedule D: Used to report capital gains/losses
- Form 1040: Includes a crypto-specific question and space to report income
Crypto.com does not issue IRS 1099-B forms as of 2025 but may provide 1099-MISC for U.S. users who earn staking rewards or other forms of income over $600.
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United Kingdom
HMRC views crypto as a capital asset. You’re liable for Capital Gains Tax when disposing of crypto and Income Tax on staking rewards or earnings.
- Capital gains threshold: £6,000 for the 2024/25 tax year
- Self Assessment tax return: Used to report gains and income
- Detailed record-keeping required: Including acquisition date, value, and disposal method
Canada
CRA considers cryptocurrency a commodity. Trades, conversions, or payments are taxed either as business income or capital gains.
- Business vs. investment activity: Frequent trading may be classified as business income
- 50% of gains taxable: For personal investors under capital gains rules
- Crypto rewards and staking: Taxed as income
Australia
The ATO treats crypto as property for tax purposes. Disposals (including swaps and spending) trigger Capital Gains Tax (CGT), while staking rewards are income.
- CGT discount: 50% on crypto held over 12 months
- Crypto received from airdrops or staking: Treated as assessable income
- Record keeping required: On all crypto transactions, including timestamps and AUD values
Common Taxable Events on Crypto.com
Here’s a breakdown of the most common activities on Crypto.com that may trigger tax liabilities.
Crypto Trading
Selling crypto for fiat or swapping one cryptocurrency for another creates a taxable event. You’ll need to calculate capital gains or losses for each trade.
Example: You bought 1 ETH at $1,200 and sold it for $1,800. Your capital gain is $600.
Spending with the Crypto.com Visa Card
Every time you spend crypto via the card, you’re effectively selling crypto to make a purchase, which results in a capital gain or loss.
Example: You use $100 worth of BTC to buy groceries. If your BTC cost basis was $60, you’ve incurred a $40 capital gain.
Earning Rewards (Crypto Earn)
Interest earned from lending your crypto in Crypto.com Earn is considered ordinary income. The value is measured in fiat at the time of receipt.
Example: You earn 0.01 BTC in interest, valued at $300 on the day it’s credited. That $300 is taxable as income.
Staking CRO or Other Tokens
Staking rewards are generally taxed as income upon receipt. The value should be recorded at the market price at the time it was earned.
Referral Bonuses and Promotions
Crypto earned from referral programs, signup bonuses, or promotional events are taxable as income based on the fair market value at the time received.
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How to Track and Calculate Crypto.com Taxes
Crypto tax calculations can be complex due to multiple trades, fluctuating prices, and different acquisition costs. Here’s how to manage it properly:
Step 1: Export Crypto.com Transaction History
You can download your transaction history from the Crypto.com app or desktop platform. Ensure you include all transactions:
- Trades
- Deposits and withdrawals
- Staking and Earn rewards
- Card spending
Step 2: Categorize Each Transaction
Each type of transaction should be categorized appropriately — whether it’s an income event, capital gain, or just a transfer (non-taxable).
Step 3: Determine Fair Market Values
Use trusted pricing tools or APIs to determine the fiat value of your assets at the time of each transaction. Most tax software can do this automatically.
Step 4: Use Crypto Tax Software
There are several reputable crypto tax software platforms compatible with Crypto.com, such as:
- Koinly
- CoinTracker
- TokenTax
- CryptoTaxCalculator
These tools automatically import data, calculate capital gains/losses, and generate tax reports compatible with national tax authorities.
Crypto.com-Tax Tools and Integrations
Crypto.com has introduced features to help simplify the tax process for users.
Crypto.comTax Tool
Crypto. com offers its own tax reporting platform that allows users to:
- Automatically import Crypto.com transactions
- Calculate capital gains and income
- Export country-specific tax reports
It currently supports tax reporting for multiple countries including the U.S., U.K., Canada, Australia, and Germany.
Third-Party Integrations
Crypto.com also supports direct integrations with popular tax software through API or CSV upload, making it easier to reconcile your data across exchanges and wallets.
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Tax Optimization Strategies for Crypto.com Users
Here are some legal methods to reduce your crypto tax liability:
Tax-Loss Harvesting
If some of your crypto holdings are in the red, consider selling them to realize a capital loss, which can offset gains.
Hold for Long-Term
In many jurisdictions, holding crypto for over 12 months qualifies for long-term capital gains rates, which are lower than short-term rates.
Use Tax-Advantaged Accounts (Where Allowed)
Some regions allow crypto investments within tax-advantaged accounts like IRAs or retirement savings accounts, where gains can be deferred or tax-free.
Keep Detailed Records
Accurate record-keeping ensures you claim all allowable deductions, losses, and offsets. It also helps during audits.
Hire a Crypto Tax Professional
If your portfolio is complex or if you’re unsure how to report certain transactions, a tax advisor familiar with cryptocurrency can save you time and reduce the risk of mistakes.
Common Crypto.com Tax Mistakes to Avoid
- Not tracking cost basis: This can lead to overpaying taxes or misreporting gains
- Ignoring small transactions: Even small staking rewards or cashback must be reported
- Confusing transfers and disposals: Moving crypto between your own wallets is not taxable, but selling or swapping is
- Failing to report crypto card spending: Every spend is a taxable event
- Waiting until the last minute: Tax reporting takes time, especially with complex crypto histories
Regulatory Trends Affecting Crypto.com Taxes in 2025
Increased Global Scrutiny
Governments worldwide are strengthening their crypto reporting frameworks. More exchanges, including Crypto.com, may be required to report user activity to tax authorities directly.
KYC and AML Expansion
Most centralized exchanges now comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, increasing transparency and reducing the likelihood of unreported income going unnoticed.
DAC8 and CRS Expansion in the EU
The EU’s DAC8 directive will require exchanges to share user data with tax authorities. Crypto.com may be subject to these rules depending on user residency.
IRS and G20 Collaboration
Global cooperation is increasing between tax authorities. U.S. citizens using foreign exchanges like Crypto.com can expect more stringent compliance requirements in the near future.
Conclusion
As crypto becomes more integrated into everyday life, so too does the responsibility of tax compliance. Crypto.com, while user-friendly and feature-rich, presents a complex tax situation due to its wide range of financial services. Whether you’re trading, staking, earning rewards, or spending with the Crypto.com Visa card, your activities could have tax implications depending on your country of residence.
Understanding how Crypto.com tax reporting works and staying ahead of your obligations is critical in avoiding penalties and staying compliant. With proper record-keeping, use of tax tools, and professional advice when needed, you can confidently manage your crypto taxes and optimize your financial outcomes.
FAQs
Is Crypto.com tax-free?
No. Any profits, rewards, or earnings from using Crypto.com are subject to tax depending on your local tax laws.
Does Crypto.com report to tax authorities?
As of 2025, Crypto.com may report user activity in certain jurisdictions. Users are responsible for reporting their own taxes regardless.
Do I pay tax when using the Crypto.com Visa card?
Yes. Spending crypto via the card is treated as a sale and may trigger capital gains or losses.
Is staking on Crypto.com taxable?
Yes. Staking rewards are generally considered income at the time they are received and must be reported accordingly.
How do I file taxes from Crypto.com activity?
Export your transaction history, use crypto tax software to calculate gains and income, and include the data in your annual tax return or self-assessment.
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