Nado Taxes: How to Generate Your Crypto Tax Report
Every trade, perpetual position, and disposal through your Nado account creates a taxable event. CoinTracking imports your Nado transaction history via CSV export, calculates gains and losses across your full trading history — including spot, perps, and money markets — and generates a tax report ready for your accountant or tax authority.
How to Import Your Nado Transactions into CoinTracking
Watch how to download your Nado transaction CSV and import it into CoinTracking to generate your complete crypto tax report — covering spot, perpetual futures, and money market activity.
Start Your Free Nado Import- Every crypto trade, swap, perpetual futures position, and disposal through your Nado account is a taxable event in most jurisdictions. Capital gains tax and income tax may both apply depending on transaction type.
- CoinTracking imports Nado transactions via CSV export (manual upload). Export your full trade history from your Nado account and upload it to CoinTracking.
- 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. Nado is a decentralised exchange (DEX) built on Ink L2 by Kraken. While it may report certain data to relevant authorities as required by law, it does not file your tax return. All trades, perpetual positions, and disposals on your Nado account must be declared by you. Failing to report crypto gains can result in penalties and back-tax assessments.
Nado and Your Tax Obligations
Nado is a decentralised exchange (DEX) built on Ink L2 — an Optimism Superchain network developed by Kraken. It offers a unified DeFi trading environment with spot markets, perpetual futures (up to 20× leverage), and integrated money markets, giving traders advanced margin capabilities in a non-custodial setting.
All transactions executed through your Nado account generate taxable events. Whether you trade spot markets, open or close perpetual positions, earn yields from money markets, or transfer assets, each event must be reported to your tax authority.
CoinTracking supports Nado via CSV import:
- Nado CSV: export your full trade history from your Nado account and upload it directly to CoinTracking
- All spot trades, perpetual futures positions, money market transactions, deposits, and withdrawals are supported
- Multiple CSV uploads covering different date ranges can be combined in CoinTracking
- Cost basis is correctly tracked from the date of each transaction
Crypto Tax Basics: What Nado Users Need to Know
Nado serves traders across many jurisdictions. 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 every spot trade on Nado, as well as to the realisation of profits or losses on perpetual futures positions.
Perpetual futures and derivatives
Perpetual futures (perps) on Nado are complex instruments. In most jurisdictions, realised gains and losses from closing perp positions are taxable. Funding rate payments — which are paid or received depending on market conditions — may be treated as income or expense. The exact tax treatment of derivatives varies significantly by country; always confirm the rules with a qualified tax professional before filing.
Record-keeping requirements
Accurate record-keeping is essential for every trade and position. Each transaction must be documented with the date, asset, quantity, cost basis, proceeds, and applicable fees. Nado provides a CSV export for this purpose — but the raw data must be converted into a structured tax report. CoinTracking maintains a complete, dated audit trail of every Nado transaction you import and produces reports formatted for your jurisdiction.
Nado 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.
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
- Derivatives: Perp gains and losses may be treated as private financial transactions
- 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.
- Derivatives: Gains from crypto derivatives may be taxed as capital income at 27.5%.
- 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
- Derivatives: Perp trading may be classified as professional activity and taxed accordingly
- 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)
- Derivatives: HMRC may treat perp gains as miscellaneous income or capital gains depending on the instrument
- 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
- 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)
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
- 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.
- 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 Nado Transactions Taxable?
In most jurisdictions, crypto is treated as an asset: disposing of it triggers capital gains tax. Derivatives like perpetual futures add further complexity. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Selling crypto for fiat (EUR, USD, etc.)
- Swapping or trading crypto for crypto
- Closing perpetual futures positions with a profit
- Yield income from money markets
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own accounts
- Depositing fiat or crypto to Nado
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Nado Taxes
Nado traders can accumulate hundreds of taxable events across spot markets, perpetual futures, and money markets — especially active traders with frequent position entries and exits. Calculating cost basis, holding periods, and gains for each event manually is time-consuming and error-prone.
CoinTracking imports your complete Nado trade history via CSV, applies your chosen cost-basis method (FIFO, LIFO, HIFO, and others), calculates gains and losses for every disposal and closed position, and separates trading income from capital gains 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 including spot trades, perp positions, and money market yields.
How to Import Nado into CoinTracking
Three steps to import your Nado 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 Nado in the import list
Type "Nado" in the search field. CoinTracking will show the Nado import option — select it to proceed with your CSV upload.
- 3
Upload your Nado CSV export
Export your full trade history CSV from your Nado account, then upload it directly to CoinTracking. All spot trades, perpetual futures positions, money market transactions, deposits, and withdrawals 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 Nado
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Import your Nado transactions
Export your full trade history CSV from your Nado account and upload it to CoinTracking. All spot trades, perpetual futures positions, money market transactions, deposits, and withdrawals are imported automatically.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate — especially important for complex DEX trading histories with multiple position types.
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. Nado does not generate a ready-to-file tax report. It provides a transaction history via CSV export, which you can import into CoinTracking. CoinTracking then calculates gains, losses, and income across your full Nado trading history — including spot trades, perpetual futures, and money market activity — and generates a compliant tax report for your jurisdiction.
Log in to your Nado account and navigate to the transaction or trade history section. Export your trade history as a CSV file, then upload it directly to CoinTracking via the Nado import. CoinTracking will parse all your spot trades, perp positions, deposits, and withdrawals automatically.
Yes. Every sale, swap, or disposal of cryptocurrency through your Nado account 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 from perpetual funding payments or money market yields is typically taxable as ordinary income. Tax-free thresholds and holding-period exemptions vary by country.
Perpetual futures (perps) are treated differently from spot trades in many jurisdictions. In most countries, realised profits from closing a perp position are taxable as capital gains or trading income. Funding rate payments received may be treated as income. The tax rules for derivatives are complex and vary significantly by jurisdiction — always confirm the treatment with a qualified tax professional for your specific situation.
Nado is a decentralised exchange (DEX) built on Ink L2 by Kraken. As a non-EU platform, it is not subject to EU DAC8 reporting requirements. However, depending on applicable regulations in your jurisdiction, data may be reported to relevant tax authorities. You remain personally responsible for declaring all gains, losses, and income from your Nado activity. CoinTracking helps you produce a complete, accurate tax report for any jurisdiction.
Yes. CoinTracking imports your full Nado CSV — including spot trades, perpetual futures positions, money market transactions, deposits, and withdrawals — and calculates your cost basis and gains across all transaction types. Multiple CSV uploads covering different date ranges are supported so you can import your complete Nado history even if it spans several months or years.
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