Bithumb Taxes: How to Generate Your Crypto Tax Report
Bithumb 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 Bithumb 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 Bithumb Transactions into CoinTracking
Watch how to export your transaction history from Bithumb as a CSV file and import it into CoinTracking to generate your crypto tax report.
Start Your Free Bithumb Import- Every crypto trade on Bithumb is a taxable disposal in most jurisdictions. Capital gains tax applies when you sell, swap or spend crypto.
- Export transaction history as CSV from your Bithumb account and upload to CoinTracking.
- Bithumb is regulated by South Korean authorities (FSC/FSS) and is not subject to EU DAC8 reporting. You are still responsible for declaring all gains to your local tax authority.
- Transfers between your own wallets are not taxable events. Buying and holding crypto is not a taxable event.
Bithumb and Your Tax Obligations
Bithumb is one of South Korea's largest and most established cryptocurrency exchanges, founded in 2014. It offers spot trading for hundreds of cryptocurrencies and is regulated by South Korean financial authorities, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS).
Bithumb is not an EU-regulated exchange and is not subject to the EU DAC8 directive. However, you remain fully responsible for reporting all crypto gains to your own country's tax authority.
CoinTracking supports Bithumb via CSV file upload:
- Bithumb Transaction History CSV: downloaded from your Bithumb account transaction history section
- All crypto buy and sell transactions are supported
- CoinTracking maps Bithumb CSV columns automatically
- Combine with other exchanges and wallets for a complete tax picture
Crypto Tax Basics: What Bithumb Users Need to Know
Tax rules for crypto vary across jurisdictions. These three principles apply broadly to Bithumb 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.
Bithumb is a South Korean exchange — DAC8 does not apply
Bithumb is regulated by the South Korean FSC and FSS, not by EU financial regulators. The EU DAC8 directive — which requires EU-based crypto asset service providers to report transaction data to national tax authorities from 2026 — does not apply to Bithumb. However, this does not reduce your personal obligation to self-report crypto gains to your tax authority. Many countries operate their own crypto reporting frameworks independently of DAC8.
Records are your responsibility
Bithumb 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 Bithumb transaction you import.
Bithumb 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 Bithumb.
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 Bithumb 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 (KRW, 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 Bithumb
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Bithumb Taxes
Bithumb'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 German users, the 1-year holding period must also be tracked for each individual lot.
CoinTracking automates this across your full Bithumb history and produces a report your accountant or local tax authority will accept. Any additional transfers from other wallets or exchanges can be added to ensure a complete picture.
How to Import Bithumb into CoinTracking
Three steps to upload your Bithumb 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 Bithumb in the import list
Type "Bithumb" in the search field. CoinTracking will show the Bithumb import option for CSV upload.
- 3
Upload your Bithumb transaction history
Log into Bithumb, navigate to your transaction history section, select your time period, download the CSV file, and upload it to CoinTracking. CoinTracking maps the columns automatically and calculates your gains and losses.
"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 Bithumb
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Export your Bithumb transaction history
Log into Bithumb, navigate to your transaction history section, select your time period, and download the 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. Bithumb does not generate a tax report for users. It offers a transaction history export in CSV format from your account. You are responsible for converting that data into a jurisdiction-specific tax report. CoinTracking imports your Bithumb CSV and generates a complete, compliant report for your country.
Log into your Bithumb account, navigate to the transaction history or order history section, select the time period you want to export, and download the CSV file. Then upload the CSV file directly into CoinTracking to begin calculating your gains and losses.
Yes. Bithumb is regulated by South Korean financial authorities, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS). However, Bithumb is not an EU-regulated exchange and is not subject to the EU DAC8 directive. You are still fully responsible for declaring all crypto gains to your local tax authority.
No. DAC8 is an EU directive that requires EU-based crypto asset service providers (CASPs) to report transaction data to national tax authorities from 2026. Bithumb is a South Korean exchange and is not subject to DAC8. However, this does not exempt you from your obligation to self-report crypto gains to your own country's tax authority.
In most jurisdictions, yes. Every sale, swap, or disposal of cryptocurrency is a taxable event. The gain or loss is the difference between your cost basis and the proceeds at the time of disposal. Tax-free thresholds and holding periods vary by country: Germany offers a 1-year exemption, Austria a flat 27.5% rate, Portugal a 1-year exemption for holdings since 2023.
Bithumb's primary supported import method for CoinTracking is CSV export from your account transaction history. Upload the CSV file directly into CoinTracking, which automatically maps Bithumb's CSV columns and calculates your taxable gains, losses, and income.
Start Tracking Your Crypto Taxes Today
Experience why 2.2 million users trust CoinTracking — sign up today for a seven-day free trial!