Uphold Taxes: How to Import Your Transactions & Generate Your Tax Report
Uphold is a US-based multi-asset platform supporting cryptocurrency, equities, precious metals and forex. Every trade on Uphold — crypto-to-crypto, crypto-to-metals, or crypto-to-fiat — is a potential taxable event. CoinTracking imports your full Uphold activity statement via CSV and generates a jurisdiction-specific tax report covering all asset classes.
How to Import Your Uphold Transactions into CoinTracking
Watch how to export your Uphold activity statement as a CSV and import it into CoinTracking to generate your complete tax report covering crypto, equities and precious metals.
Start Your Free Uphold Import- Every crypto trade, precious metals transaction and equity trade on Uphold is a potential taxable event in the year it occurs. Buying crypto with fiat creates cost basis but is not itself taxable. Tax compliance is your personal responsibility.
- CoinTracking supports Uphold CSV activity statement import. Download your activity statement from Uphold and upload it to CoinTracking. All crypto, equity, precious metals and forex transactions are supported.
- Depositing fiat to Uphold, buying crypto with fiat, and holding assets on Uphold are generally not taxable events. Only disposals — trading, selling, or converting assets — trigger a tax obligation.
- Tax compliance is your responsibility. Uphold is a US-based platform and is not an EU-regulated CASP subject to DAC8. Your tax authority will not receive automatic reports from Uphold for your crypto activity. You are required to report all taxable gains and income from your Uphold activity in your annual tax return.
Uphold and Your Crypto Tax Obligations
Uphold is a US-based multi-asset trading platform founded in 2014. It allows users to trade cryptocurrency, equities, precious metals (gold, silver, platinum, palladium) and foreign currencies — all from a single account. Uphold is available in over 150 countries and supports instant conversions between asset classes, making it popular for both crypto traders and those seeking diversified digital asset exposure.
As a US-based company, Uphold is not subject to EU DAC8 reporting obligations. This means your tax authority will not receive automatic reports of your Uphold crypto activity — you are responsible for declaring all taxable events in your annual tax return.
Uphold users need to account for:
- Crypto-to-crypto trades (each conversion is a taxable disposal)
- Selling cryptocurrency for fiat (taxable disposals)
- Trading crypto for precious metals or equities (taxable disposals)
- Receiving crypto as income or rewards (taxable at FMV on date received)
- Buying crypto with fiat (not taxable, but creates acquisition records)
Crypto Tax Basics for Uphold Users
Uphold users in the US, UK, Germany and other countries need to track and report every asset conversion. Here are the key tax rules that apply to Uphold activity.
Multi-asset conversions are taxable disposals
Every time you convert one asset to another on Uphold — whether crypto-to-crypto, crypto-to-metals, or crypto-to-equity — you are disposing of the first asset. The taxable gain or loss equals the fair market value of the asset received at the time of conversion minus your original acquisition cost for the asset sold. Each conversion is a separate taxable event that CoinTracking tracks and calculates individually.
Precious metals trading on Uphold
Trading gold, silver, platinum or palladium on Uphold for cryptocurrency or fiat is treated as a disposal of the metal sold in most jurisdictions. Precious metals may be subject to different tax rules than cryptocurrency in some countries (for example, collectibles rates in the US). CoinTracking allows you to categorise metal transactions appropriately for your jurisdiction.
Staking and rewards income
If you receive staking rewards or other income via Uphold, this is generally taxable as ordinary income at the fair market value of the crypto on the date received. The FMV at receipt becomes your cost basis for any future disposal. CoinTracking records all Uphold income events in your tax report.
Cost basis and holding periods
Uphold enables rapid conversions between asset classes, which can create many small taxable events throughout the year. CoinTracking tracks the acquisition date and cost basis for every asset, applies your chosen cost-basis method (FIFO, LIFO, HIFO), and calculates whether each disposal qualifies for short-term or long-term rates in your jurisdiction.
DAC8 is not applicable to Uphold
The EU DAC8 directive requires EU-regulated crypto-asset service providers (CASPs) to automatically report transaction data to EU tax authorities from 1 January 2026. Uphold is a US-based company and is not subject to DAC8 for its crypto operations. Users in the EU or elsewhere must self-report all Uphold activity — it will not be reported on their behalf.
Uphold Taxes by Country
Key crypto tax rules for countries where Uphold is commonly used. Select your country for specific rates and requirements.
United States
- Short-term gains: Ordinary income rates (up to 37%) for crypto held ≤1 year
- Long-term gains: 0%, 15% or 20% for crypto held >1 year
- Precious metals: May be subject to collectibles rate (28% max) — consult a tax advisor
- All conversions: Each asset swap on Uphold is a taxable disposal — report on Form 8949 / Schedule D
- Cost basis: FIFO or specific identification (IRS)
- Authority: IRS
Germany
- § 23 EStG: Crypto gains taxed at personal rate (up to 45%) if sold within 1 year; tax-free if held over 1 year
- Annual exemption: €1,000/year in private disposal gains
- Cost basis: FIFO per wallet
- Multi-asset trades: Each conversion on Uphold is a separate disposal — must be reported on Anlage SO
- Forms: Anlage SO
United Kingdom
- Capital Gains Tax: 18% (basic) / 24% (higher) from October 2024
- Annual exempt amount: £3,000 (2024/25)
- Cost basis: Section 104 pooling (HMRC)
- Multi-asset trades: Each conversion on Uphold is a disposal of the first asset; all gains reportable to HMRC
- Authority: HMRC
Canada
- Capital gains inclusion rate: 50% of gains included in taxable income (general rule; check current rules)
- Crypto-to-crypto: Each trade is a taxable disposition — report on Schedule 3
- Cost basis: Adjusted cost base (ACB) method
- Authority: CRA (Canada Revenue Agency)
Australia
- Capital Gains Tax: Crypto disposals are subject to CGT; 50% CGT discount for assets held >12 months
- Multi-asset trades: All asset conversions on Uphold are CGT events and must be reported
- Cost basis: Cost base at time of acquisition; FIFO commonly applied
- Authority: ATO (Australian Taxation Office)
Tax rules change frequently. This overview is for general information only. Consult a qualified advisor for your specific situation.
Are Uphold Transactions Taxable?
In most jurisdictions, every asset conversion on Uphold is a taxable event. Use this as a starting reference — exact rules vary by country and asset class.
Taxable Events
- Crypto-to-crypto conversions (each is a disposal)
- Selling cryptocurrency for fiat
- Trading crypto for precious metals or equities
- Receiving staking rewards or income (income at FMV)
Not Taxable
- Buying cryptocurrency with fiat on Uphold
- Depositing fiat to Uphold
- Transferring crypto between your own wallets
- Holding assets on Uphold
Tax treatment varies by country and asset class. Always verify with a qualified advisor for your specific situation.
How to Calculate Your Uphold Taxes
Uphold users who actively convert between asset classes — crypto, metals, equities and forex — can accumulate dozens or hundreds of taxable disposals per year, each involving a different asset type and price. Tracking cost basis across multiple asset classes, calculating holding periods, and applying the correct tax treatment for each asset type is complex and error-prone when done manually.
CoinTracking imports your full Uphold activity statement from your CSV export, assigns the correct acquisition date and market price to every purchase, applies your chosen cost-basis method (FIFO, LIFO, HIFO), and generates a jurisdiction-specific tax report covering all asset classes — ready for your accountant or tax authority in the US, Germany, UK, Australia and beyond.
How to Import Uphold into CoinTracking
Three steps to import your Uphold activity and generate your tax report via CSV.
- 1
Log into CoinTracking and open Imports
After logging in, click the Import icon in the left navigation. This is where you add all your exchanges, wallets and blockchains. Search for Uphold to start.
- 2
Download your Uphold CSV activity statement and upload it
Log into Uphold and download your activity statement as a CSV file from your account settings. In CoinTracking, search for Uphold in the import search and upload the CSV. All your crypto, equity, precious metals and forex transactions will be imported.
- 3
Review transactions and generate your tax report
Once your Uphold data is imported, validate the transactions and generate a tax report for your jurisdiction. CoinTracking calculates capital gains, income and losses across all asset classes and formats the output for your country, ready for your accountant or tax return.
"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 Uphold
Tax Report with CoinTracking
Three steps from Uphold CSV activity statement to a tax report your accountant will accept.
Import your Uphold transactions
Download your activity statement CSV from Uphold and upload it to CoinTracking. All crypto, precious metals, equity and forex transactions are imported.
Review and validate your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis, missing prices and unresolved transfers so you can correct them before generating your report.
Generate your Uphold tax report
Select your country and tax year. CoinTracking generates a jurisdiction-specific tax report in PDF or Excel format, covering all Uphold gains, losses and income across all asset classes — ready to file or hand to your accountant.
No — Uphold provides an activity statement export (CSV). CoinTracking imports this and generates your full tax report, including cost-basis tracking across crypto, equities, precious metals and forex trades.
Log into Uphold, go to your account settings or activity section, and download your activity statement as a CSV file. Then upload it to CoinTracking using the import search.
Yes — every crypto-to-crypto trade, crypto-to-fiat sale, and crypto-to-metals trade on Uphold is a taxable disposal in most jurisdictions. The taxable gain equals the fair market value of the asset received minus your original acquisition cost. CoinTracking imports your full Uphold activity statement and calculates gains and losses for every transaction.
Uphold is a US-based company regulated in the US and UK. It is not subject to EU DAC8 reporting obligations. Under US law, Uphold may file 1099 forms for certain users. Tax compliance for all Uphold activity is your personal responsibility in your country of residence.
US: FIFO or specific identification (IRS). Germany: FIFO per wallet (§ 23 EStG). UK: Section 104 pooling (HMRC). CoinTracking supports FIFO, LIFO, HIFO and all major cost-basis methods.
Yes — trading gold, silver, equities or other assets on Uphold for cryptocurrency or fiat is generally a taxable disposal of the asset sold. The rules for equities and precious metals may differ from crypto rules in some jurisdictions. CoinTracking imports your full Uphold activity and allows you to categorise each transaction type so your tax report accurately reflects all asset classes traded on the platform.
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