NFTBank Taxes: How to Import Your Historical Data & Generate Your Tax Report
NFTBank was a South Korean NFT portfolio analytics platform that has since closed. But closing does not erase your tax obligations β every NFT trade you made through the platform remains a taxable event. CoinTracking accepts your NFTBank CSV export, calculates gains and losses across your full NFT trading history, and generates a tax report ready for your accountant or tax authority.
How to Import Your NFTBank Transactions into CoinTracking
Watch how to upload your NFTBank CSV export into CoinTracking and generate your complete NFT tax report β even for historical data from a closed platform.
Start Your Free NFTBank Import- Every NFT sale, swap, and disposal tracked through NFTBank is a taxable event in most jurisdictions. Capital gains tax and income tax may both apply β regardless of whether the platform is still operating.
- CoinTracking imports NFTBank transactions via CSV export (manual upload). Upload your historical transaction data CSV to import your full NFT trading history into CoinTracking.
- Transferring NFTs or crypto between your own wallets is generally not a taxable event. Buying and holding an NFT is not taxable until disposal.
- NFTBank has been closed. You can still import historical data via CSV. Your tax obligations for NFT trades made through NFTBank remain in effect β all gains, losses, and income must be declared for the relevant tax years. If you no longer have a CSV export, on-chain records may help reconstruct your history.
NFTBank and Your Crypto Tax Obligations
NFTBank was a South Korean NFT portfolio analytics and valuation platform. It allowed collectors and traders to track the estimated value of their NFT holdings, monitor floor prices, and analyse portfolio performance across multiple blockchains.
The platform has since closed, with its domain redirecting to an unrelated site. However, the tax obligations arising from NFT trades, sales, and disposals tracked through NFTBank remain fully in force for all affected tax years.
CoinTracking supports NFTBank via CSV import:
- NFTBank CSV: upload your historical transaction export to CoinTracking
- NFT sales, purchases, and transfers are all supported
- Historical data from closed platforms is fully compatible with CoinTracking
- Generate back-tax reports for prior years if you have not yet declared your NFTBank activity
NFT Tax Basics: What Former NFTBank Users Need to Know
NFT taxation varies significantly by jurisdiction. The key principles below apply broadly β but NFTs have unique tax characteristics (collectible classification, royalty income, gas fee treatment) that require careful review with your local tax advisor.
NFT sales are taxable events
In most jurisdictions, selling an NFT is treated as a disposal of a crypto-asset, triggering capital gains tax. The gain equals the difference between the sale price and your cost basis β what you originally paid for the NFT, including any gas fees. NFT-to-NFT swaps are also generally taxable as a disposal of the outgoing NFT at its fair market value at the time of the swap.
Gas fees and cost basis
Gas fees paid when purchasing or selling an NFT can generally be added to your cost basis or deducted from proceeds, reducing your taxable gain. Tracking gas fees accurately is important for NFT traders who executed many on-chain transactions. CoinTracking imports gas fee data from your NFTBank export and allocates it correctly across your trades.
Historical obligations remain
The closure of NFTBank does not extinguish your tax obligations for trades made on the platform. Most tax authorities require multi-year record-keeping for crypto and NFT activity. If you have unreported NFTBank transactions from prior years, you should file amended returns or voluntary disclosures as appropriate for your jurisdiction. CoinTracking can generate back-tax reports for any prior year.
NFTBank Taxes by Country
NFT tax rules differ by jurisdiction. Below are the key rates and rules for the countries where CoinTracking users trade most actively.
Germany
- NFT disposal tax: Personal income tax rate (up to 45%) for NFTs held less than 1 year; tax-free if held longer than 1 year
- Annual exemption: Gains up to β¬1,000/year from private sales are tax-free
- Cost basis: FIFO per wallet; gas fees can be added to cost basis
- Authority: Finanzamt
- Forms: Anlage SO
Austria
- 27.5% capital gains tax: NFTs acquired after 28 February 2021 are taxed like other crypto-assets at 27.5% KESt on disposal
- Old coins grandfathered: Assets acquired before 28 February 2021 may be tax-free on disposal
- Authority: Finanzamt Austria
Switzerland
- Capital gains: Generally tax-free for private investors; professional NFT traders may be taxed as self-employed
- Wealth tax: NFT holdings subject to cantonal wealth tax based on year-end market value
- Authority: Cantonal tax authority
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024; HMRC treats NFTs as crypto-assets
- Annual exempt amount: Β£3,000 (2024/25 onward)
- Cost basis: Section 104 pool (HMRC rules)
- Authority: HMRC
Spain
- Savings income (IRPF): 19% up to β¬6,000; 21% up to β¬50,000; 23% up to β¬200,000; 27% up to β¬300,000; 28% above
- Foreign crypto disclosure: Modelo 721 required if portfolio exceeds β¬50,000 abroad
- Authority: Agencia Tributaria (AEAT)
Poland
- Flat rate: 19% on all crypto gains (no holding period exemption)
- Authority: UrzΔ d Skarbowy
- Form: PIT-38
Italy
- Flat rate: 26% on gains exceeding β¬2,000/year (from 2023)
- 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 TributΓ‘ria (AT)
France
- Flat 30% tax (PFU): Gains from crypto/NFT disposals subject to prΓ©lΓ¨vement forfaitaire unique β 12.8% income tax + 17.2% social charges
- Authority: 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 NFTBank Transactions Taxable?
In most jurisdictions, NFTs are treated as crypto-assets: selling or disposing of them triggers capital gains tax. Use this as a starting reference β exact rules vary by country.
Taxable Events
- Selling an NFT for fiat or cryptocurrency
- Swapping one NFT for another
- Receiving NFT royalties (as income)
- Using crypto to pay gas fees on NFT sales (disposal of ETH)
Not Taxable
- Buying and holding an NFT
- Transferring an NFT between your own wallets
- Receiving an NFT as a personal gift (in most jurisdictions)
- Minting an NFT (until it is sold)
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your NFTBank Taxes
NFT traders who used NFTBank may have hundreds of historical transactions across multiple blockchain networks β each requiring accurate cost basis tracking, gas fee allocation, and holding-period calculation. Calculating this manually is time-consuming and error-prone.
CoinTracking imports your complete NFTBank history via CSV, applies your chosen cost-basis method (FIFO, LIFO, HIFO, and others), calculates gains and losses for every NFT disposal, and correctly separates trading income from royalty income in your final report.
The result is a jurisdiction-specific tax report β PDF or Excel β that your accountant or tax authority will accept, with a full audit trail covering every transaction including historical data from the now-closed NFTBank platform.
How to Import NFTBank into CoinTracking
Three steps to import your historical NFTBank data 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 NFTBank in the import list
Type "NFTBank" in the search field. CoinTracking will show the NFTBank import option β select it to proceed with your historical CSV upload.
- 3
Upload your NFTBank CSV export
If you saved your NFTBank transaction history before the platform closed, upload the CSV directly to CoinTracking. All historical NFT trades, transfers, and transactions will be imported and your tax report will be calculated 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 NFTBank
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Import your historical NFTBank data
Upload your NFTBank CSV export to CoinTracking using the NFTBank import. All historical NFT trades, transfers, and transactions are imported and ready for tax calculation.
Review your transactions
Open Reports β Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate β especially important for historical NFT data.
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. NFTBank was an NFT portfolio analytics platform that has since closed. It did not generate a ready-to-file tax report. If you still have your NFTBank CSV export, you can import it into CoinTracking. CoinTracking then calculates gains, losses, and income across your full NFT trading history and generates a compliant tax report for your jurisdiction.
You can still import your historical NFTBank data into CoinTracking using a CSV file. If you exported your transaction history from NFTBank before it closed, navigate to CoinTracking, open the Import section, search for "NFTBank" and upload your CSV file. CoinTracking will parse your historical NFT trades and transfers automatically. If you no longer have the CSV file, you may be able to reconstruct your NFT history from on-chain records using a blockchain explorer.
Yes. In most jurisdictions, selling or disposing of an NFT is a taxable event. Capital gains tax applies to the difference between what you received and your cost basis (what you originally paid, including gas fees). NFTs are generally treated as crypto-assets and taxed accordingly β though the exact rules vary significantly by country. Your tax obligations from historical NFTBank activity remain in effect even after the platform has closed.
Yes. The closure of NFTBank does not change your tax obligations for trades and disposals executed while the platform was active. Tax authorities in most jurisdictions require you to report all crypto and NFT disposals for the relevant tax years, regardless of whether the platform still operates. If you have not yet declared your NFTBank activity, you should do so retroactively β CoinTracking can process historical CSV data to generate back-tax reports for past years.
NFTBank was a South Korean NFT analytics platform and was not an EU-regulated CASP, so EU DAC8 reporting rules did not apply. Depending on its regulatory status, it may have had local reporting obligations in South Korea. Regardless of any platform-level reporting, you remain personally responsible for declaring your NFT gains, losses, and income from your NFTBank activity in your annual tax return.
The correct cost-basis method depends on your jurisdiction. In Germany, FIFO per wallet is the recognised method for crypto-assets including NFTs; in the UK, HMRC's Section 104 pooling rule applies; in the US, FIFO or specific identification may be used. NFT gas fees (paid in ETH or other native tokens) can often be added to the cost basis, reducing your taxable gain. CoinTracking supports FIFO, LIFO, HIFO, and other methods, and correctly handles gas fee allocation for NFT trades.
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