BYDFi Taxes: How to Generate Your Crypto Tax Report
BYDFi 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 BYDFi 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 BYDFi Transactions into CoinTracking
Watch how to export your transaction history from BYDFi as CSV files and import them into CoinTracking to generate your crypto tax report.
Start Your Free BYDFi Import- Every crypto trade on BYDFi is a taxable disposal in most jurisdictions. Capital gains tax applies when you sell, swap or spend crypto.
- BYDFi does not offer an API for tax software. Your transaction history must be exported as CSV files from the BYDFi platform (Trade History and Funds History) and uploaded to CoinTracking.
- Transfers between your own wallets are not taxable events. Buying and holding crypto is not a taxable event.
- BYDFi is based in Singapore and is not subject to EU DAC8 reporting. However, you are still legally required to declare crypto gains and income to your national tax authority — regardless of where the exchange is registered. Self-reporting is your responsibility.
BYDFi and Your Tax Obligations
BYDFi (formerly BitYard) is a global cryptocurrency exchange founded in Singapore. Rebranded in 2022, BYDFi serves millions of users worldwide across spot trading, derivatives, and copy trading. Every crypto transaction on BYDFi creates a potential tax event in your home country.
Unlike some exchanges, BYDFi does not offer an API for tax software. Your full transaction history must be exported as CSV files from the BYDFi platform and uploaded to CoinTracking. BYDFi is an official CoinTracking tax partner.
CoinTracking supports BYDFi via CSV file upload:
- Trade History CSV: exported from Orders → Spot → Trade History on bydfi.com
- Funds History CSV: deposits and withdrawals from Assets → My Assets → Funds History
- Trades, deposits, withdrawals and fees are all imported automatically
- CoinTracking maps BYDFi CSV columns and handles the former BitYard format
Crypto Tax Basics: What BYDFi Users Need to Know
Tax rules for crypto vary across jurisdictions. These three principles apply broadly to BYDFi 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.
BYDFi is Singapore-based — self-reporting applies
Because BYDFi is registered in Singapore and not in the EU, it is not subject to DAC8 reporting obligations. This does not exempt you from declaring your gains. In the US, UK, Germany, Australia and most other jurisdictions, you must report crypto disposals regardless of whether the exchange operates in your country or reports to your tax authority.
Records are your responsibility
BYDFi does not issue formal tax documents for any jurisdiction. 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 BYDFi transaction you import.
BYDFi 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 BYDFi.
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)
Australia
- Capital Gains Tax: Gains added to assessable income; taxed at marginal rate (up to 47%)
- 50% CGT discount: Applies if the asset is held for more than 12 months
- Staking income: Assessed as ordinary income at the time of receipt
- Cost basis: FIFO or specific identification
- Authority: Australian Taxation Office (ATO)
- Forms: Individual tax return, CGT schedule
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 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.
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 Einkommensteuererklärung (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 BYDFi 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 crypto as income or reward
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own wallets
- Depositing fiat to BYDFi
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your BYDFi Taxes
BYDFi's CSV exports contain all raw transaction data — but converting that into an accurate tax report requires calculating cost basis, holding periods and gains for every transaction across potentially multiple CSV files (trades, deposits, withdrawals).
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 full BYDFi history — including all CSV files — and produces a consolidated report your accountant or local tax authority will accept.
How to Import BYDFi into CoinTracking
Three steps to upload your BYDFi CSV exports 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 BYDFi in the import list
Type "BYDFi" in the search field. CoinTracking will show the BYDFi exchange card.
- 3
Upload your BYDFi CSV exports
On BYDFi, go to Orders → Spot → Trade History and export your trades. Then go to Assets → My Assets → Funds History and export deposits and withdrawals. Upload each CSV 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 BYDFi
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Export your BYDFi transaction history
Log into BYDFi, go to Orders → Spot → Trade History and export your trades. Then go to Assets → My Assets → Funds History and export deposits and withdrawals.
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.
BYDFi does not generate a tax report for users. You can export your transaction history as CSV files from the BYDFi platform, but calculating gains, losses and filing obligations is your responsibility. CoinTracking imports your BYDFi CSV exports and produces a complete, jurisdiction-specific tax report ready for your accountant or tax authority.
Yes. BYDFi rebranded from BitYard in 2022. The exchange is headquartered in Singapore and serves users across Asia, Europe, and other global markets. If you traded on BitYard before the rebrand, your transaction history is accessible through the same BYDFi platform under your existing account. CoinTracking supports the BYDFi CSV format for all historical data.
Log into BYDFi and navigate to Orders → Spot → Trade History to download your spot trades. For deposits and withdrawals, go to Assets → My Assets → Funds History. In each section, select your date range, click Export and download the CSV file. Upload each file to CoinTracking to import your complete transaction history.
No. BYDFi is headquartered in Singapore and is not subject to the EU DAC8 reporting directive. DAC8 only applies to crypto asset service providers (CASPs) licensed or registered in the EU. However, your obligation to declare crypto income and gains in your home country remains regardless of which exchange you use. CoinTracking helps you meet that obligation.
BYDFi does not currently provide a public API for importing transaction data into tax software. The only supported import method is the CSV export from the BYDFi platform. CoinTracking fully supports the BYDFi CSV format, including trades, deposits, withdrawals and fees.
In most jurisdictions, yes. Realised losses from crypto disposals on any exchange — including BYDFi — can be offset against gains in the same tax year. CoinTracking aggregates transactions across all your exchanges and wallets, calculates a consolidated gain/loss position, and reports losses alongside gains in a single tax report.
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