Yobit Taxes: How to Import Your Transactions & Generate Your Tax Report
Yobit is a Russian crypto exchange offering trading in thousands of altcoins and tokens, including many low-cap assets. Every trade on Yobit — whether swapping altcoins or selling tokens for Bitcoin or fiat — is a potential taxable event. CoinTracking imports your full Yobit transaction history via CSV and generates a jurisdiction-specific tax report covering all your altcoin trading activity.
How to Import Your Yobit Transactions into CoinTracking
Watch how to export your Yobit transaction history as a CSV and import it into CoinTracking to generate your complete crypto tax report.
Start Your Free Yobit Import- Every crypto-to-crypto trade, crypto-to-fiat sale, and token disposal on Yobit is a potential taxable event. Depositing crypto to Yobit and holding tokens are generally not taxable. Tax compliance is your personal responsibility.
- CoinTracking supports Yobit CSV import. Export your trade history from Yobit and upload it to CoinTracking. All altcoin and token trades, including thousands of low-cap assets, are supported.
- CoinTracking maintains historical price data for thousands of cryptocurrencies. For very obscure Yobit tokens without price data, you can enter a custom market price manually to ensure complete and accurate tax records.
- Tax compliance is your responsibility. Yobit is a Russian exchange and is not an EU-regulated CASP subject to DAC8. Your tax authority will not receive automatic reports from Yobit. You are required to report all taxable gains and income from your Yobit trading in your annual tax return.
Yobit and Your Crypto Tax Obligations
Yobit is a Russian-based cryptocurrency exchange founded in 2014. It is well known for listing thousands of altcoins and tokens, including a large number of low-cap and obscure assets that are not available on major exchanges. Yobit enables spot trading between crypto pairs and provides a wide range of token trading markets, making it popular with speculative altcoin traders looking for exposure to lesser-known projects. The exchange also has its own native token, YO.
As a Russian exchange, Yobit is not subject to EU DAC8 reporting obligations. This means your tax authority will not receive automatic reports of your Yobit activity — you are responsible for declaring all taxable events in your annual tax return.
Yobit users need to account for:
- Crypto-to-crypto trades (each trade is a taxable disposal of the asset being sold)
- Crypto-to-fiat trades (taxable disposals)
- Receiving tokens as airdrops or promotions (taxable as income at FMV)
- Trading YO tokens (each sale or swap is a taxable disposal)
Crypto Tax Basics for Yobit Traders
Yobit is used by altcoin traders worldwide who are looking for access to obscure tokens and low-cap assets. Here are the key tax rules that apply to Yobit trading activity.
Every trade is a taxable disposal
Every trade on Yobit — whether you are swapping one altcoin for another, trading a token for Bitcoin, or selling crypto for fiat — constitutes a disposal of the asset being sold. The taxable gain or loss equals the fair market value of the asset you received minus your original acquisition cost of the asset you sold. Because Yobit lists thousands of obscure tokens, determining the FMV at the time of each trade can be challenging. CoinTracking automates this calculation using its historical price database.
Low-cap and obscure tokens
Yobit lists many tokens with limited or no price data on mainstream price aggregators. CoinTracking maintains a broad historical price database covering thousands of assets. For tokens where no price data is available, you can manually enter the fair market value at the time of the transaction. Providing an accurate FMV is essential for a defensible tax record, especially for low-cap tokens with limited price history.
Airdrops and token promotions
Yobit has historically offered various token promotions and airdrop events. In most jurisdictions, receiving tokens as an airdrop or promotional reward is treated as taxable income at the fair market value of the tokens on the date received. The FMV at receipt then becomes your cost basis for any future disposal. CoinTracking records these as income events in your tax report.
Losses on Yobit trades
If you have sold or traded altcoins on Yobit at a loss, those losses may be deductible against your crypto gains in the same tax year, depending on your jurisdiction. Accurately recording all Yobit trades — including losing trades — in CoinTracking ensures that your losses are captured and can be applied to reduce your overall tax liability where permitted.
DAC8 is not applicable to Yobit
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. Yobit is a Russian exchange and is not subject to EU regulation under MiCAR. It is not subject to DAC8. Users in the EU or elsewhere must self-report all Yobit activity — it will not be reported on their behalf.
Yobit Taxes by Country
Key crypto tax rules for countries where Yobit traders are active. Select your country for specific rates and requirements.
Germany
- § 23 EStG: Crypto gains taxed at personal rate (up to 45%) if sold within 1 year; tax-free after more than 1 year
- Annual exemption: €1,000/year in private disposal gains
- Cost basis: FIFO per wallet
- Altcoin trades: Each crypto-to-crypto and crypto-to-fiat trade is a separate disposal — Anlage SO
- Losses: Losses on altcoin trades can be offset against other private disposal gains in the same year
- Forms: Anlage SO
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
- Altcoin trades: Each trade is a taxable disposal — report on Form 8949 / Schedule D
- Losses: Capital losses on Yobit trades can offset capital gains
- Cost basis: FIFO or specific identification (IRS)
- Authority: IRS
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)
- Altcoin trades: Each disposal is a CGT event; gains reportable to HMRC
- Authority: HMRC
Australia
- Capital Gains Tax: Crypto disposals subject to CGT; 50% CGT discount for assets held >12 months
- Altcoin trades: Each crypto-to-crypto trade is a CGT event
- Cost basis: Cost base at time of acquisition; FIFO commonly applied
- Authority: ATO (Australian Taxation Office)
Canada
- Capital gains inclusion: 50% of capital gains are included in taxable income (for individuals below the $250,000 threshold)
- Altcoin trades: Each crypto disposal is a taxable capital gain/loss event
- Losses: Capital losses from altcoin trades can offset capital gains in the same or future years
- Authority: CRA (Canada Revenue Agency)
Tax rules change frequently. This overview is for general information only. Consult a qualified advisor for your specific situation.
Are Yobit Transactions Taxable?
In most jurisdictions, every altcoin and token trade on Yobit is a taxable event. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Crypto-to-crypto trades (all altcoin and token swaps)
- Crypto-to-fiat trades
- Selling YO or other exchange tokens
- Receiving tokens as airdrops or promotions (income at FMV)
Not Taxable
- Depositing crypto to Yobit
- Depositing fiat to Yobit
- Transferring crypto between your own wallets
- Holding tokens on Yobit
Tax treatment varies by country. Always verify with a qualified advisor for your specific situation.
How to Calculate Your Yobit Taxes
Yobit traders who actively trade altcoins and low-cap tokens can accumulate hundreds or thousands of trades per year, many involving obscure assets with limited price data. Manually tracking each trade, finding the historical fair market value for each token, calculating the gain or loss, and applying the correct cost-basis method is practically impossible without dedicated software.
CoinTracking imports your full Yobit transaction history from your CSV export, automatically matches each token to its historical market price where available, and applies your chosen cost-basis method (FIFO, LIFO, HIFO). For tokens without price data, you can enter values manually. CoinTracking then generates a jurisdiction-specific tax report — ready for your accountant or tax authority in Germany, the US, the UK, Australia and beyond.
How to Import Yobit into CoinTracking
Three steps to import your Yobit data 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 Yobit to start.
- 2
Download your Yobit CSV and upload it
Log into your Yobit account and navigate to your transaction or order history. Use the export option to download your trade history as a CSV file. In CoinTracking, search for Yobit in the import search and upload the CSV. All altcoin and token trades will be imported.
- 3
Review transactions and generate your tax report
Once your Yobit data is imported, validate the transactions — CoinTracking will flag any tokens with missing price data so you can enter values manually. Then generate a tax report for your jurisdiction covering all your Yobit gains, losses and income, 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 Yobit
Tax Report with CoinTracking
Three steps from Yobit CSV to a tax report your accountant will accept.
Import your Yobit transactions
Download your CSV from Yobit (transaction or order history export) and upload it to CoinTracking. All altcoin and token trades are imported, including thousands of low-cap assets.
Review and validate your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis, missing prices and unresolved transfers. For obscure Yobit tokens without price data, you can enter values manually.
Generate your Yobit tax report
Select your country and tax year. CoinTracking generates a jurisdiction-specific tax report in PDF or Excel format, covering all Yobit gains, losses and income — ready to file or hand to your accountant.
No — Yobit provides a transaction export (CSV). CoinTracking imports this and generates your full tax report, including cost-basis tracking across all your altcoin and token trades.
Log into your Yobit account and navigate to the transaction history or order history section. Use the export or download option to save your trade history as a CSV file. Then upload the file to CoinTracking using the import search.
Yes — in most jurisdictions, every crypto-to-crypto trade on Yobit (including trades involving low-cap altcoins and tokens) is a taxable disposal of the asset being sold. The gain or loss equals the fair market value of the asset received minus your acquisition cost of the asset sold. CoinTracking calculates this for every trade in your Yobit CSV export.
Yobit is a Russian exchange and is not subject to EU DAC8 reporting obligations. Tax compliance for your Yobit activity is your personal responsibility in your country of residence.
CoinTracking maintains historical price data for thousands of cryptocurrencies, including many low-cap assets traded on Yobit. For very obscure tokens where no price data is available, you can enter a custom market price manually in CoinTracking. This ensures every trade has a correct cost basis and proceeds value for your tax report.
Germany: FIFO per wallet (§ 23 EStG). US: FIFO or specific identification (IRS). UK: Section 104 pooling (HMRC). CoinTracking supports FIFO, LIFO, HIFO and all major cost-basis methods.
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