AscendEX Taxes: How to Generate Your Crypto Tax Report
AscendEX (formerly BitMax) 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 AscendEX transaction history via CSV or API, calculates gains and losses, and generates a tax report ready for your tax authority or accountant.
How to Import Your AscendEX Transactions into CoinTracking
Watch how to export your transaction history from AscendEX and import it into CoinTracking via CSV or API to generate your crypto tax report.
Start Your Free AscendEX Import- Every crypto trade on AscendEX is a taxable disposal in most jurisdictions. Capital gains tax applies when you sell, swap or spend crypto.
- AscendEX supports both CSV export and API connection. Export your trade history from the Order History section, or connect automatically with your AscendEX API key.
- Transfers between your own wallets are not taxable events. Buying and holding crypto is not a taxable event.
- Non-EU Exchange: AscendEX is headquartered in Singapore and is not subject to EU DAC8 reporting. You remain fully responsible for declaring your crypto gains to your local tax authority.
AscendEX and Your Tax Obligations
AscendEX (formerly BitMax) is a global cryptocurrency exchange headquartered in Singapore, offering spot trading, futures, and staking across hundreds of digital assets. Founded in 2018, the platform rebranded to AscendEX in 2021 and serves traders worldwide, though it is not subject to EU regulation.
AscendEX supports two import methods in CoinTracking:
- CSV Export: Download your transaction history from Order History in your AscendEX account and upload the file to CoinTracking
- API Connection: Generate an API key in your AscendEX account settings and connect CoinTracking for automatic import and syncing
CoinTracking maps all AscendEX trades, conversions, and staking rewards to the correct transaction types for your tax report.
Crypto Tax Basics: What AscendEX Users Need to Know
Tax rules for crypto vary across jurisdictions. These three principles apply broadly to AscendEX 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.
AscendEX is not EU-regulated
AscendEX is based in Singapore and is not subject to EU regulations like DAC8, which requires EU-licensed exchanges to report user transaction data to national tax authorities. This does not reduce your obligation to declare crypto gains — tax authorities in many countries obtain data through international cooperation, blockchain analysis, and voluntary disclosure programmes.
Records are your responsibility
AscendEX does not issue tax documents for most jurisdictions. Whether you import via CSV or API, you need a complete, dated record of every trade, deposit, withdrawal, and staking reward. CoinTracking maintains a full audit trail of every AscendEX transaction you import and generates reports formatted for your country's tax authority.
AscendEX 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 AscendEX.
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
- 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)
- 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 (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
- 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
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
- Staking 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.
- Staking 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).
- Staking and lending: 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 AscendEX 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 (USD, EUR, etc.)
- Swapping crypto for crypto
- Using crypto to pay for goods or services
- Receiving staking rewards or trading bonuses
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own wallets
- Depositing fiat to AscendEX
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your AscendEX Taxes
AscendEX's transaction exports contain all raw trading data — but converting that into an accurate tax report requires calculating cost basis, holding periods, and gains for every trade across your full history, including any activity under the former BitMax name.
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.
CoinTracking automates this across your entire AscendEX history — whether imported via CSV or API — and produces a report your accountant or local tax authority will accept.
How to Import AscendEX into CoinTracking
Three steps to connect your AscendEX account 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 AscendEX in the import list
Type "AscendEX" in the search field. CoinTracking will show the available AscendEX import options — both CSV and API.
- 3
Connect via API or upload your CSV
Choose your preferred method: enter your AscendEX API key for automatic syncing, or download your transaction history as a CSV from the AscendEX Order History section 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 AscendEX
Tax Report with CoinTracking
Three steps from account data to a tax report your accountant will accept.
Export or connect your AscendEX account
Generate an API key in your AscendEX account settings for automatic syncing, or download your transaction history CSV from the Order History section and upload it to CoinTracking.
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.
AscendEX does not generate a crypto tax report for users. It provides transaction history exports (CSV) and API access covering your trading activity, but converting that data into a jurisdiction-specific tax report is your responsibility. CoinTracking imports your AscendEX history via CSV or API and generates a complete, compliant report for your country.
Log into AscendEX, navigate to Orders → Order History or the transaction history section, select your desired date range, and export your trades as a CSV file. Alternatively, you can connect via API by generating an API key in your AscendEX account settings and entering it in CoinTracking for automatic syncing.
Yes. AscendEX was formerly known as BitMax. The exchange rebranded from BitMax to AscendEX in 2021. CoinTracking recognises both names and supports the import of your full transaction history regardless of when you traded on the platform.
In most jurisdictions, yes. Every sale or swap of cryptocurrency is a taxable disposal. The gain or loss is calculated as the difference between your cost basis and the proceeds at the time of the trade. Tax-free thresholds, holding periods, and applicable rates vary by country — CoinTracking handles the calculation for each supported jurisdiction.
AscendEX is headquartered in Singapore and is not subject to EU DAC8 or US IRS reporting requirements in the same way as regulated Western exchanges. However, you are still responsible for declaring your crypto gains in your country of tax residency. Tax authorities increasingly obtain data through international cooperation and blockchain analysis, regardless of where an exchange is based.
Yes. In most jurisdictions, realised losses from crypto disposals 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 from your full AscendEX transaction history, whether imported via CSV or API.
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