Livecoin Taxes: How to Import Your Historical Data & Generate Your Tax Report
Livecoin was a Russian crypto exchange that was hacked in December 2020 and subsequently shut down. But the exchange closing does not erase your tax obligations — every trade you made on the platform remains a taxable event. CoinTracking supports your Livecoin transaction history, calculates gains and losses across your full trading history, and generates a tax report ready for your accountant or tax authority.
How to Import Your Livecoin Transactions into CoinTracking
Watch how to import your Livecoin transaction history into CoinTracking and generate your complete crypto tax report — even for historical data from a closed exchange.
Start Your Free Livecoin Import- Every crypto trade, swap, and disposal on Livecoin is a taxable event in most jurisdictions. Capital gains tax and income tax may both apply — regardless of whether the exchange is still operating.
- CoinTracking supports Livecoin transactions via API import. Note: the live API connection is disabled since Livecoin shut down — historical data previously synced or exported remains fully importable.
- Transferring crypto between your own wallets or accounts is not a taxable event. Buying and holding crypto is not taxable until disposal.
- Livecoin has been closed. The exchange was hacked on 24 December 2020 and ceased operations shortly after. Your tax obligations for trades made on Livecoin remain fully in effect — all gains, losses, and income must be declared for the relevant tax years. CoinTracking supports Livecoin historical data import.
Livecoin and Your Crypto Tax Obligations
Livecoin was a Russian cryptocurrency exchange that allowed users to trade Bitcoin, Ethereum, and a wide range of altcoins. On 24 December 2020, the exchange was hacked — an attacker reportedly manipulated exchange rates and stole Bitcoin and other assets. Livecoin subsequently suspended operations and ceased trading activity, directing users to withdraw remaining funds before the platform shut down permanently.
As a Russian exchange operating outside the EU, Livecoin was not subject to EU DAC8 reporting requirements. However, depending on applicable regulations, user data may have been reported to Russian authorities or other relevant agencies. You remain personally responsible for declaring all taxable events from your Livecoin trading history — wherever you are tax-resident.
CoinTracking supports Livecoin via API import:
- Livecoin API: the original API integration imported all trades, deposits, and withdrawals directly from the exchange
- Note: the live API connection is disabled since Livecoin is offline — use previously synced data or any available historical export
- Historical data from closed exchanges is fully compatible with CoinTracking's tax engine
- Generate back-tax reports for prior years if you have not yet declared your Livecoin activity
Crypto Tax Basics: What Livecoin Users Need to Know
Livecoin served traders across multiple jurisdictions, including Russia, Europe, and beyond. The core tax principles below apply broadly — but always verify the specifics with your local tax authority or a qualified tax advisor.
Every disposal is a taxable event
In most countries, selling, swapping, or otherwise disposing of cryptocurrency triggers capital gains tax. The gain or loss equals the difference between your proceeds and your cost basis (what you originally paid, including fees). This applies to each individual trade made on Livecoin — even historical ones from previous tax years.
Obligations survive exchange closure
The closure of Livecoin — whether due to a hack, insolvency, or other circumstances — does not eliminate your tax obligations for trades made while the exchange was active. Tax authorities in most jurisdictions can assess back-taxes for unreported gains, often going back several years. If you have not yet declared your Livecoin trading history, you should file retroactively. CoinTracking can generate tax reports for any prior year from your imported data.
Documenting historical trades
Since Livecoin is no longer operational, the transaction data you imported into CoinTracking or exported before the exchange closed is your primary record of trading history. Every trade is documented with the date, asset, quantity, cost basis, proceeds, and fees. CoinTracking converts this data into a structured tax report with a full audit trail, formatted for your jurisdiction.
Livecoin Taxes by Country
Livecoin served traders worldwide. Crypto tax rules differ by market — below are the key rates, deadlines and filing rules for the countries where CoinTracking users most commonly report their Livecoin history.
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
- Business income: If trading is a business activity, profits are taxed as Gewerbeeinkünfte (trade income)
- Cost basis: FIFO per wallet
- 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)
- Trading income: If HMRC classifies activity as a trade, profits are subject to Income Tax at marginal rates
- Cost basis: Section 104 pool (HMRC rules)
- Authority: HMRC
- Forms: Self Assessment SA100, SA108
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.
- Business income: Professional trading activity may be taxed as business income at progressive rates.
- Authority: Finanzamt Austria. Report via Einkommensteuererklärung (E1 / E1kv).
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
- Business trading: High-frequency or leveraged trading may be classified as professional activity and taxed accordingly
- 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
- Business activity: Classified as rendimientos de actividades económicas if trading is a professional activity
- 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
- Business income: Professional crypto trading may be taxed under business income rules
- 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
- Business income: Corporate and professional traders taxed under IRES/IRPEF rules
- 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.
- Professional traders: High-frequency trading may be classified as BNC (non-commercial income) at progressive rates.
- Authority: Direction générale des Finances publiques (DGFiP). Declare via Formulaire 2086.
United States
- Short-term gains: Taxed at ordinary income rates (10%–37%) for assets held under 1 year
- Long-term gains: Preferential rates of 0%, 15%, or 20% for assets held over 1 year
- Reporting threshold: All crypto transactions must be reported regardless of amount
- Cost basis: FIFO default; specific identification allowed with adequate records
- Authority: Internal Revenue Service (IRS)
- Forms: Schedule D, Form 8949
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 Livecoin Transactions Taxable?
In most jurisdictions, crypto is treated as an asset: disposing of it triggers capital gains tax. These rules apply to your historical Livecoin trading data — even after the exchange has closed. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Selling crypto for fiat (EUR, USD, RUB, etc.)
- Swapping or trading crypto for crypto
- Using crypto to pay for goods or services
- Referral rewards and trading bonuses received
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own accounts
- Depositing fiat to Livecoin
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Livecoin Taxes
Even if Livecoin has closed, you still need to account for every trade you made on the platform. Calculating cost basis, holding periods, and gains for each individual transaction — potentially spanning multiple years — is impractical without automation.
CoinTracking imports your complete Livecoin trade history, applies your chosen cost-basis method (FIFO, LIFO, HIFO, and others), calculates gains and losses for every disposal, and produces a jurisdiction-specific tax report. Historical data from prior tax years is fully supported — you can generate back-tax reports for any year covered by your Livecoin transaction history.
The result is a tax report — PDF or Excel — that your accountant or tax authority will accept, with a full audit trail for every transaction.
How to Import Livecoin into CoinTracking
Three steps to connect your Livecoin 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 Livecoin in the import list
Type "Livecoin" in the search field. CoinTracking will show the Livecoin import option — select it to proceed with your historical data import.
- 3
Review your Livecoin import options
The Livecoin API Import page shows your import options. Note that the live API is disabled since Livecoin is offline. CoinTracking will process all your historical Livecoin trades, deposits, and withdrawals and calculate your tax position.
"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 Livecoin
Tax Report with CoinTracking
Three steps from your Livecoin history to a tax report your accountant will accept.
Import your Livecoin data
Navigate to CoinTracking → Import Data → search for Livecoin and connect your account. CoinTracking imports all historical trades, deposits, and withdrawals automatically. If the live API is unavailable, use any previously synced transaction history.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate — essential for historical data from closed exchanges.
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. Livecoin was a Russian crypto exchange that was hacked in December 2020 and subsequently ceased operations. It did not generate a ready-to-file tax report. If you exported your Livecoin trading history before the exchange closed, you can import it into CoinTracking. CoinTracking then calculates your gains, losses, and income across your full trading history and generates a compliant tax report for your jurisdiction.
CoinTracking supported a Livecoin API import, but that connection is now disabled since the exchange is offline. If you exported your trade history from Livecoin before the hack on 24 December 2020, you may be able to manually upload it. Navigate to CoinTracking → Import Data → search for "Livecoin" and follow the available import steps. If you no longer have access to your historical data, contact any insolvency or recovery proceedings related to Livecoin to determine whether your account data is still retrievable.
Yes. Every sale, swap, or disposal of cryptocurrency on Livecoin is a taxable event in most jurisdictions. Capital gains tax applies to the difference between your cost basis and the proceeds at the time of each trade. Income received — such as referral rewards or bonuses — is also typically taxable. These obligations apply even now that Livecoin has closed: the historical transactions you made on the platform must still be declared for the relevant tax years.
Yes. The closure of Livecoin — even under the circumstances of a hack — does not change your tax obligations for trades executed while the exchange was operational. Tax authorities in most jurisdictions require you to report all crypto disposals for the relevant tax years, regardless of whether the exchange still operates. If you have not yet declared your Livecoin trading history, you should do so retroactively — CoinTracking can process historical data to generate back-tax reports for past years.
Livecoin was a Russian exchange and was not an EU-regulated CASP, so EU DAC8 reporting rules did not apply. Depending on its regulatory obligations under Russian law, Livecoin may have reported certain user data to Russian or other authorities. Regardless of any exchange-level reporting, you remain personally responsible for declaring your crypto gains, losses, and income from your Livecoin activity in your annual tax return — wherever you are tax-resident.
The correct cost-basis method depends on your jurisdiction. In Germany, FIFO per wallet is the recognised method; in the UK, HMRC's Section 104 pooling rule applies; in the US, specific identification or FIFO are common. CoinTracking supports FIFO, LIFO, HIFO, and other methods — you can switch between them and instantly recalculate your Livecoin tax report to find the most tax-efficient outcome for your situation.
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