HitBTC Taxes: How to Generate Your Crypto Tax Report
Every trade, swap, and disposal through your HitBTC account creates a taxable event. CoinTracking connects to HitBTC via API, imports your complete transaction history automatically, calculates gains and losses, and generates a tax report ready for your accountant or tax authority.
How to Import Your HitBTC Transactions into CoinTracking
Watch how to connect your HitBTC account to CoinTracking via API and generate your complete crypto tax report — including all spot trades, deposits, and withdrawals.
Start Your Free HitBTC Import- Every crypto trade, swap, and disposal through your HitBTC account is a taxable event in most jurisdictions. Capital gains tax applies to each disposal; staking rewards and other income may also be taxable.
- CoinTracking imports HitBTC transactions via API connection (automatic sync). A CSV upload option is also available for any coins that cannot be retrieved via the API.
- Transferring crypto between your own wallets or accounts is not a taxable event. Buying and holding crypto is not taxable until disposal.
- Tax compliance is your responsibility. HitBTC is registered in the Seychelles and Hong Kong and is not an EU-regulated CASP — DAC8 reporting obligations do not apply. HitBTC does not file your tax return. All trades, deposits, withdrawals, and disposals on your HitBTC account must be declared by you. Failing to report crypto gains can result in penalties and back-tax assessments.
HitBTC and Your Tax Obligations
HitBTC is a cryptocurrency exchange registered in the Seychelles and Hong Kong, offering spot trading across a wide range of digital assets. It has been operating since 2013 and serves traders globally with deep liquidity and a broad selection of trading pairs.
All transactions executed through your HitBTC account generate taxable events. Whether you trade spot markets, earn staking rewards, or transfer assets, each event must be reported to your tax authority.
CoinTracking supports HitBTC via API import and CSV upload:
- HitBTC API: connect with your API key and secret for automatic import of your complete trading history — the fastest and most reliable method
- HitBTC CSV: for any coins disabled on the API, export your transaction history as CSV and upload it to CoinTracking
- All spot trades, deposits, and withdrawals are supported
- Both import methods can be combined in one CoinTracking account for full coverage
Crypto Tax Basics: What HitBTC Users Need to Know
HitBTC serves traders across many jurisdictions. The core tax principles below apply broadly — but always verify the specifics with your local tax authority or a qualified tax advisor.
Every disposal is a taxable event
In most countries, selling, swapping, or otherwise disposing of cryptocurrency triggers capital gains tax. The gain or loss equals the difference between your proceeds and your cost basis (what you originally paid, including fees). Active traders on HitBTC can accumulate hundreds or thousands of taxable events across multiple trading pairs.
Staking rewards and income
Staking rewards, referral bonuses, and other income received through HitBTC are typically taxable as ordinary income in the year received. The taxable amount is generally the fair market value of the asset at the time of receipt. When you later sell or swap those assets, any further gain or loss is also taxable.
Record-keeping requirements
Accurate record-keeping is essential for every trade and transaction. Each event must be documented with the date, asset, quantity, cost basis, proceeds, and applicable fees. CoinTracking connects to HitBTC via API to retrieve this data automatically and maintains a complete, dated audit trail of every transaction — producing reports formatted for your jurisdiction.
HitBTC 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.
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
- 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.
- Authority: Finanzamt Austria. Report via Einkommensteuererklärung (E1 / E1kv).
Switzerland
- Capital gains: Generally tax-free for private investors; professional traders are taxed as self-employed income
- Wealth tax: Crypto holdings subject to wealth tax at cantonal rates based on year-end market value
- 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)
- 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
- 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
- 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
- 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
- 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.
- 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 HitBTC Transactions Taxable?
In most jurisdictions, crypto is treated as an asset: disposing of it triggers capital gains tax. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Selling crypto for fiat (EUR, USD, etc.)
- Swapping or trading crypto for crypto
- Using crypto to pay for goods or services
- Staking rewards and income received
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own accounts
- Depositing fiat to HitBTC
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your HitBTC Taxes
Active traders on HitBTC can accumulate thousands of taxable events across dozens of trading pairs. Calculating cost basis, holding periods, and gains for each trade manually is time-consuming and error-prone.
CoinTracking connects to HitBTC via API, imports your complete trade history automatically, applies your chosen cost-basis method (FIFO, LIFO, HIFO, and others), calculates gains and losses for every disposal, and separates trading income from capital gains in your final report.
The result is a jurisdiction-specific tax report — PDF or Excel — that your accountant or tax authority will accept, with a full audit trail for every transaction.
How to Import HitBTC into CoinTracking
Three steps to import your HitBTC transactions 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 HitBTC in the import list
Type "HitBTC" in the search field. CoinTracking will show the HitBTC import option — select it to proceed with your API connection.
- 3
Enter your HitBTC API key and connect
In your HitBTC account, go to Settings → API Key, create a new key with History, Trading balance, and Payment information permissions, then paste the Key and Secret into CoinTracking and click "Connect & Import". Your full trading history will be imported automatically.
"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 HitBTC
Tax Report with CoinTracking
Three steps from API connection to a tax report your accountant will accept.
Import your HitBTC transactions
Connect your HitBTC account via API key in CoinTracking. Your complete trading history — spot trades, deposits, and withdrawals — is imported automatically. CSV upload is available for any coins not covered by the API.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate — especially important for high-frequency traders with large transaction volumes.
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. HitBTC does not generate a ready-to-file tax report. It provides access to your transaction history via its API or CSV export, which you can import into CoinTracking. CoinTracking then calculates gains, losses, and income across all your HitBTC trades and generates a compliant tax report for your jurisdiction.
Log in to your HitBTC account and go to Settings → API Key. Click "New API Key" and enable the checkboxes for Order book, History, Trading balance, and Payment information. Copy the Key and Secret, then paste them into the HitBTC import page in CoinTracking and click "Connect & Import". Your full trading history will be imported automatically in 1–5 minutes.
Yes. Every sale, swap, or disposal of cryptocurrency through your HitBTC account is a taxable event in most jurisdictions. Capital gains tax applies to the difference between your cost basis and the proceeds. Staking rewards and other income are typically taxable as ordinary income in the year received. Tax-free thresholds and holding-period exemptions vary by country.
HitBTC is registered in the Seychelles and Hong Kong and is not an EU-regulated CASP, so DAC8 reporting obligations do not apply. However, HitBTC may share account data with authorities in response to legal requests. You remain fully responsible for declaring your gains, losses, and income from HitBTC activity. CoinTracking helps you produce a complete, accurate tax report for any jurisdiction.
A small number of coins have been disabled on HitBTC and cannot be retrieved via the API (including BBC, BTCP, BTXBTC2_OLD, and others). For these assets, you can use the CSV export from HitBTC and upload it directly to CoinTracking. Both import methods can be combined in your CoinTracking account so your full transaction history is covered.
Yes. CoinTracking imports your full HitBTC transaction history — including spot trades, deposits, and withdrawals — via the API connection. For any coins not available through the API, a CSV upload fills the gap. Multiple imports can be combined in CoinTracking to ensure your complete history is reflected in the final tax report.
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