MEXC Taxes: How to File Your Crypto Tax Report
MEXC does not withhold taxes or file reports on your behalf. Every trade and futures settlement is your responsibility. CoinTracking imports your full MEXC history, calculates gains and losses, and generates a tax report ready for your country.
- Every crypto trade and futures settlement on MEXC is a taxable disposal in most EU countries. Capital gains tax applies when you sell, swap or close a position.
- Transfers between your own wallets are not taxable events. Buying crypto with fiat is not a taxable event.
- The MEXC API only provides spot and futures trades from the last 7 days and deposits, withdrawals and internal transfers from the last 180 days. For a complete tax history, use the Excel Import with a full export from MEXC. Under DAC8, EU exchanges are required to report user data to tax authorities from 2026.
MEXC and Your Tax Obligations
MEXC is a global crypto exchange known for its broad selection of altcoins and early token listings, offering spot trading, futures and a wide range of trading pairs. It is a popular platform for traders seeking access to smaller-cap tokens and new project launches.
MEXC does not withhold taxes or file reports on your behalf. You are responsible for tracking every transaction, calculating gains and losses, and declaring them to your national tax authority.
CoinTracking supports the full MEXC import in two ways:
- MEXC (spot, futures): connect automatically via API Key and Secret — note that the API only provides trades from the last 7 days
- Excel Import: upload a full transaction history export from MEXC for complete historical coverage
Crypto Tax Basics: What EU Investors Need to Know
Tax rules for crypto vary across EU member states. These three principles apply broadly, but always verify the specifics with your local tax authority or a qualified advisor.
Trading crypto is a taxable disposal
In most EU countries, every sale, swap or closing of a futures position 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.
Full history is your responsibility
Because the MEXC API only provides recent data, traders with a long MEXC history must use the Excel Import to ensure all transactions are included in the tax calculation. Missing transactions lead to incorrect cost basis calculations and inaccurate tax reports.
Records are your responsibility
EU crypto exchanges are required under DAC8 to report transaction data to national tax authorities from 2026. Accurate records remain your responsibility. CoinTracking maintains a complete, dated audit trail of every MEXC transaction — including futures PnL and funding fees.
MEXC 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 MEXC.
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 €600/year are tax-free
- Futures 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)
- Futures income: Income Tax or CGT depending on activity level
- 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
- Futures 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
- Futures 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
- Futures 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
- Futures income: Taxed at 35% flat rate or progressive income tax rates
- Authority: Autoridade Tributária (AT)
- Forms: Modelo 3, Anexo G or Anexo J
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
- Futures PnL: Taxable as capital gain or loss
- 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 prelevement 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.
- Futures income: Taxed as BNC (non-commercial income) if received regularly; otherwise as capital gains.
- Authority: Direction generale 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.
- Futures income: Treated as capital income, also taxed at 27.5%.
- Authority: Finanzamt Austria. Report via Einkommensteuererklarung (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 MEXC Transactions Taxable?
In most EU countries, crypto is treated as an asset: disposing of it can trigger capital gains tax, and earning it can count as income. Use this as a starting reference. The exact rules vary by country.
Taxable Events
- Selling crypto for fiat (EUR, GBP, USD, etc.)
- Swapping crypto for crypto
- Closing futures positions (PnL)
- Airdrops received in exchange for an action
- Using crypto to pay for goods or services
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own wallets
- Depositing fiat to MEXC
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your MEXC Taxes
MEXC traders often hold a wide variety of altcoins and run active futures positions across many trading pairs. Because the API only covers recent transactions, a complete tax calculation typically requires an Excel export covering your full trading history.
The core calculation is: take what you received (proceeds), subtract what you paid (cost basis, calculated with FIFO), and the result is your taxable gain or loss. For futures, each settled position generates a gain or loss based on the PnL at close.
CoinTracking automates this across your full MEXC history and produces a report your accountant or local tax authority will accept.
How to Import MEXC into CoinTracking
Three steps to connect your MEXC account and sync all transactions automatically.
- 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 MEXC
Type MEXC in the search field and select it from the results.
- 3
Connect via API or Excel Import
For API: hover the account icon (top right corner) in MEXC and select API. Enable all VIEW and READ permissions for Spot and Futures, add 54.155.85.51 as the Link IP Address, and click Create. Paste your API Key and Secret into CoinTracking and click Save. Note that the API only provides the last 7 days of trades. For complete historical coverage, use the Excel Import tab with a full transaction history export from MEXC. Import typically takes 30-120 minutes.
"As a crypto tax professional, I recommend CoinTracking to all my clients. The import coverage and report accuracy make tax preparation significantly easier."
How to Create Your MEXC
Tax Report with CoinTracking
Three steps from a fresh account to a tax report your accountant will accept.
Connect MEXC via API or Excel
Log into CoinTracking, go to Imports and search for MEXC. For recent transactions use the API (VIEW + READ permissions, IP 54.155.85.51). For complete history — including trades older than 7 days — use the Excel Import with a full export from MEXC. All spot trades and futures PnL are imported automatically.
Review your transactions
Open Reports and 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.
In most EU countries, yes. Every crypto sale, swap or futures settlement on MEXC is a taxable event. Capital gains tax applies on the difference between your cost basis and proceeds. Tax-free thresholds and rates vary by country.
From 2026, EU crypto exchanges are required under DAC8 to report user transaction data to national tax authorities. Outside the EU, MEXC shares data with authorities under international information exchange agreements. Your trading history is increasingly visible to tax authorities.
The MEXC API has strict data limitations: spot and futures trades are only available for the last 7 days, while deposits, withdrawals and internal transfers are available for the last 180 days. For a complete transaction history, use the Excel Import in CoinTracking with a full export from MEXC.
Log into CoinTracking, go to Imports and search for MEXC. For recent trades, click Connect automatically: in MEXC, hover the account icon (top right) and select API. Enable all VIEW and READ permissions for Spot and Futures, add IP 54.155.85.51 and click Create. Paste your API Key and Secret into CoinTracking. For full history, use the Excel Import with a complete export from MEXC.
Yes. The MEXC API import covers both spot and futures transactions. Note that the API only provides futures data from the last 7 days — for older futures history, use the Excel Import.
Yes. In most EU countries and in the US, realised losses from crypto can be offset against gains in the same tax year. Rules on carrying losses forward vary by country. CoinTracking calculates and reports both gains and losses automatically.
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