CoinSpot Taxes: How to Generate Your Crypto Tax Report
Every trade, swap, and disposal through your CoinSpot account is a taxable event. CoinTracking connects to CoinSpot via API, imports your full transaction history automatically, calculates capital gains and losses, and generates a tax report ready for your accountant or the ATO — no matter how many years of trading history you have.
How to Import Your CoinSpot Transactions into CoinTracking
Watch how to connect your CoinSpot account to CoinTracking via API and generate your complete crypto tax report — including CGT discount calculations for Australian users.
Start Your Free CoinSpot Import- Every crypto trade, swap, and disposal through your CoinSpot account is a taxable event in most jurisdictions. In Australia, each disposal triggers a CGT event under ATO guidelines — a 50% discount applies to assets held for more than 12 months.
- CoinTracking imports CoinSpot transactions via API connection. Generate a Read Only API key in your CoinSpot account (Account → API) and connect it to CoinTracking for automatic, ongoing sync.
- 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. CoinSpot is an Australian exchange. While it may share account and transaction data with the ATO as required by Australian law, it does not file your tax return. All trades and disposals on your CoinSpot account must be declared by you. Failing to report crypto gains can result in penalties and back-tax assessments.
CoinSpot and Your Tax Obligations
CoinSpot is one of Australia's largest and most established cryptocurrency exchanges, offering spot trading across hundreds of digital assets as well as staking, earn products, and wallet services. It is a registered Digital Currency Exchange (DCE) with AUSTRAC and is primarily used by Australian retail investors.
All transactions executed through your CoinSpot account generate taxable events under Australian law. Whether you trade spot markets, earn staking rewards, or transfer assets to other platforms, each disposal must be reported to the Australian Taxation Office (ATO).
CoinTracking supports CoinSpot via API import:
- CoinSpot API: generate a Read Only API key in your CoinSpot account and connect it to CoinTracking for automatic transaction syncing
- All spot trades, deposits, and withdrawals are imported automatically
- CoinTracking calculates CGT discount for assets held over 12 months (Australian users)
- Ongoing sync keeps your CoinTracking portfolio up to date as you trade
Crypto Tax Basics: What CoinSpot Users Need to Know
CoinSpot is used primarily by Australian investors, but traders from many countries also use it. The core tax principles below focus on Australian law — always verify the specifics with your local tax authority or a qualified tax advisor.
Every disposal is a CGT event in Australia
In Australia, the Australian Taxation Office (ATO) treats cryptocurrency as a capital gains tax (CGT) asset. Selling, swapping, or otherwise disposing of crypto triggers a CGT event. Your capital gain or loss equals the difference between your proceeds and your cost base (what you originally paid, including fees). If you held the asset for more than 12 months, a 50% CGT discount reduces your assessable gain.
Personal use asset exemption
If you acquire crypto for personal use — such as purchasing a small amount solely to buy goods or services shortly after — it may qualify as a personal use asset and be exempt from CGT. However, this exemption is narrow and does not apply to trading activity on CoinSpot. Consult a qualified Australian tax advisor if you believe this exemption may apply to any of your transactions.
Record-keeping requirements
The ATO requires you to keep records of every crypto transaction — including the date, cost base, proceeds, and any fees paid. CoinSpot's API provides this data directly to CoinTracking, which maintains a complete, dated audit trail of every imported transaction and produces reports formatted for your jurisdiction.
CoinSpot 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.
Australia
- CGT asset: Crypto is a CGT asset under Australian tax law; each disposal is a CGT event
- 50% CGT discount: Applies to assets held more than 12 months before disposal (individual taxpayers)
- Cost base: AUD value at time of acquisition, including fees
- Staking / income: Staking rewards are assessed as ordinary income at the market value when received
- Authority: Australian Taxation Office (ATO)
- Form: myTax / Tax return — Capital gains schedule
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).
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
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)
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)
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 CoinSpot Transactions Taxable?
In Australia and most other jurisdictions, crypto is treated as a CGT asset: disposing of it triggers a taxable event. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Selling crypto for fiat (AUD, EUR, 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 CoinSpot
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your CoinSpot Taxes
CoinSpot traders can accumulate hundreds of taxable events across multiple years — especially active traders using spot markets and staking. Calculating cost base, the 12-month CGT discount eligibility, and net capital gains for each event manually is time-consuming and error-prone.
CoinTracking connects to CoinSpot via API, imports your complete trade history automatically, applies your chosen cost-base method (FIFO, LIFO, HIFO, and others), calculates gains and losses for every disposal, and applies the 50% CGT discount for eligible Australian trades 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 CoinSpot into CoinTracking
Three steps to import your CoinSpot 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 CoinSpot in the import list
Type "Coinspot" in the search field. CoinTracking will show the CoinSpot import option — select it to proceed with your API connection.
- 3
Enter your CoinSpot API key and connect
In your CoinSpot account, go to Account → API (coinspot.com.au/my/api), generate a Read Only API Key, and copy your Key and Secret. Enter them in CoinTracking and click Connect & Import. Your full transaction 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 CoinSpot
Tax Report with CoinTracking
Three steps from API connection to a tax report your accountant will accept.
Connect CoinSpot via API
Generate a Read Only API key in your CoinSpot account (Account → API) and connect it to CoinTracking. Your full transaction history — including all spot trades, deposits, and withdrawals — is imported automatically.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost base entries, duplicate imports and price gaps so your final report is accurate — including correct CGT discount eligibility for Australian users.
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. Australian reports include the 50% CGT discount where applicable.
No. CoinSpot does not generate a ready-to-file tax report. It provides access to your transaction history via its API, which you can connect to CoinTracking. CoinTracking then calculates capital gains, losses, and income across all your CoinSpot trades and generates a compliant tax report for your jurisdiction — including the ATO's requirements for Australian users.
Log in to your CoinSpot account and navigate to Account → API (coinspot.com.au/my/api). Click Generate New API Key, select Read Only as the API Key Type, and copy your Key and Secret. In CoinTracking, go to Import → Coinspot, enter your API Key and Secret, and click Connect & Import. CoinTracking will automatically fetch your full transaction history.
Yes. In Australia, every disposal of cryptocurrency — whether you sell for AUD, swap for another crypto, or use it to pay for goods — is a CGT event under ATO guidelines. Capital gains tax applies to the difference between your cost base and the proceeds. A 50% CGT discount applies to assets held for more than 12 months. Tax-free thresholds and other exemptions vary depending on your total income.
If you hold a cryptocurrency on CoinSpot for more than 12 months before disposing of it, you are eligible for the 50% CGT discount under Australian tax law. This means only half of the capital gain is included in your assessable income. CoinTracking automatically tracks holding periods for each CoinSpot trade and applies the CGT discount where applicable when generating your Australian tax report.
CoinSpot is an Australian exchange and may share certain account and transaction data with the Australian Taxation Office (ATO) as required by Australian law. However, CoinSpot does not file your tax return on your behalf. You remain responsible for declaring your capital gains, losses, and income from CoinSpot activity. CoinTracking helps you produce a complete, accurate tax report for the ATO.
Yes. CoinTracking connects directly to CoinSpot via its API and imports your complete transaction history — including spot trades, deposits, and withdrawals. It calculates your cost base and capital gains for every disposal, applies the correct CGT discount for Australian users, and generates a jurisdiction-specific tax report in PDF or Excel format ready for your accountant or the ATO.
Start Tracking Your Crypto Taxes Today
Experience why 2.2 million users trust CoinTracking — sign up today for a seven-day free trial!