BitMEX Taxes: How to Generate Your Crypto Tax Report
BitMEX does not create a tax report for you. Every crypto derivatives trade is a potential tax event you are responsible for declaring. CoinTracking imports your full BitMEX transaction history via CSV export, calculates gains and losses on perpetual swaps and futures, and generates a tax report ready for your tax authority or accountant.
How to Import Your BitMEX Transactions into CoinTracking
Watch how to export your transaction history from BitMEX as a CSV file and import it into CoinTracking to generate your crypto tax report.
Start Your Free BitMEX Import- Every derivatives trade on BitMEX — perpetual swaps, futures, and options — is a taxable event in most jurisdictions. Capital gains or income tax may apply depending on your country.
- Import your BitMEX transaction history via CSV export from your account. CoinTracking automatically maps your trades, funding payments, and liquidation events.
- BitMEX is registered in the Seychelles and is not subject to EU DAC8 reporting. You are still legally 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.
BitMEX and Your Tax Obligations
BitMEX is a cryptocurrency derivatives exchange founded in 2014, offering perpetual swaps and futures contracts. It is registered in Seychelles and has a global user base. BitMEX does not generate tax reports for users — all reporting obligations remain your responsibility.
CoinTracking supports BitMEX via CSV file upload:
- BitMEX Trade History CSV: exported from your BitMEX account under Account → Transaction History
- Perpetual swap, futures, and spot trades are all supported
- Funding payments and liquidation events are imported and categorised
- CoinTracking maps BitMEX CSV columns automatically
Crypto Tax Basics: What BitMEX Users Need to Know
Tax rules for crypto derivatives vary across jurisdictions. These principles apply broadly to BitMEX users, but always verify the specifics with your local tax authority or a qualified advisor.
Derivatives profits are taxable
In most countries, profits from futures and perpetual swap contracts are taxable events. The gain is calculated as the difference between your entry and exit price, adjusted for fees and funding payments. Losses can often be offset against gains.
BitMEX is not EU-regulated — but tax obligations still apply
BitMEX is registered in the Seychelles and is not subject to EU MiCA regulations or DAC8 reporting obligations. This means BitMEX is not required to report your transaction data to EU tax authorities automatically. However, your obligation to declare gains to your local tax authority exists regardless of where the exchange is registered.
Records are your responsibility
BitMEX does not issue formal tax documents. The CSV export is a raw transaction history — not a tax report. Accurate records of every trade, funding payment, and liquidation remain your responsibility. CoinTracking maintains a complete, dated audit trail of every BitMEX transaction you import.
BitMEX 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 BitMEX.
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 BitMEX Transactions Taxable?
In most jurisdictions, crypto derivatives trading is treated as a taxable activity. Use this as a starting reference — the exact rules vary by country.
Taxable Events
- Closing a perpetual swap or futures position at a profit
- Receiving funding payments
- Selling crypto for fiat (EUR, USD, etc.)
- Swapping crypto for crypto
Not Taxable
- Opening a derivatives position
- Buying and holding crypto
- Transferring crypto between your own wallets
- Depositing fiat to BitMEX
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your BitMEX Taxes
BitMEX's CSV export contains your raw trade history — but converting that into an accurate tax report requires calculating realised gains, funding payment income, and net positions for every contract.
CoinTracking automates this across your full BitMEX history and produces a report your accountant or local tax authority will accept. Each trade type — perpetual swap, futures, spot — is handled according to your country's tax rules.
How to Import BitMEX into CoinTracking
Three steps to upload your BitMEX 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 BitMEX in the import list
Type "BitMEX" in the search field. CoinTracking will show the BitMEX import option for CSV upload.
- 3
Upload your BitMEX transaction history
Log into BitMEX, navigate to your account's transaction history, export the CSV for your desired date range, and upload the file 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 BitMEX
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Export your BitMEX transaction history
Log into BitMEX, navigate to your account section, select your desired date range, and export your transaction history as a 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. BitMEX does not generate a tax report for users. It provides a transaction history export in CSV format. You are responsible for converting that data into a jurisdiction-specific tax report. CoinTracking imports your BitMEX CSV and generates a complete, compliant report for your country.
Log into your BitMEX account, navigate to the Account section, and find the Transaction History or Trade History export option. Select your desired date range and download the CSV file. Then upload the CSV directly into CoinTracking.
BitMEX is registered in the Seychelles and is not regulated by EU authorities such as BaFin or MiCA. As a non-EU exchange, BitMEX is not currently subject to DAC8 reporting obligations. However, you are still legally required to declare all crypto gains to your local tax authority regardless of where the exchange is registered.
BitMEX offers an API, but the recommended method for tax imports is the CSV export from your account. CoinTracking fully supports the BitMEX CSV format and can automatically map your trade history, funding payments, and other transactions.
In most jurisdictions, yes. Profits from perpetual swaps, futures, and options contracts on BitMEX are taxable events. The specific tax treatment varies by country — some treat derivatives gains as income, others as capital gains. CoinTracking helps you calculate gains according to your country's rules.
CoinTracking imports BitMEX CSV data including funding payments (which may be taxable as income in many jurisdictions) and liquidations. Each event type is categorised automatically. You can review and edit the classification of individual transactions to ensure your tax report is accurate.
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