Resources/exchanges/Uniswap Tax Guide

Uniswap Tax Guide

Uniswap is a decentralised finance (DeFi) protocol that allows users to exchange cryptocurrencies. Uniswap runs on the Ethereum blockchain using smart contracts, which allow for safety, speed and transparency through open-source software. Unlike centralized exchanges, Uniswap utilizes liquidity pools whereby individuals and bots can provide liquidity to Uniswap by adding a ‘pair’ of tokens to smart contracts, which can subsequently be traded with by other users. The native cryptocurrency is called UNI, and these UNI coins (or ‘tokens’) are used as a governance token, so that holders can engage in decisions about how the platform is run.

Quick Start

CryptoTaxCalculator is proud to introduce tax support for Uniswap. Although the exchange is gaining increasing attraction, a key issue which Uniswap users often encounter is how to properly tax their DeFi transactions. Fortunately, CryptoTaxCalculator has developed an integration with Uniswap to automate this process of recognizing tax events and calculating the taxes on your Uniswap transactions. Simply follow the below steps to automate your Uniswap taxes.

  1. Locate and copy your Ethereum wallet address used for Uniswap transactions (generally found on your wallet manager)
  2. Log in to CryptoTaxCalculator, and navigate to the ‘import data’ section. Here, you can enter Uniswap into the search field or scroll down to find it manually
  3. Enter your address here, provide an optional nickname and click ‘Add Wallet’

Uniswap import wallet address
Uniswap import wallet address
4. Once your Wallet has synced, you will see a green tick indicating that CryptoTaxCalculator has successfully pulled in the transaction history associated with this wallet address from the blockchain.

Wrapping Up

Once you have imported your data, CryptoTaxCalculator can calculate your portfolio breakdown and tax obligations. If for some reason you can’t upload your transactions you can add them individually on the review transactions page.

The information provided on this website is general in nature and is not tax, accounting or legal advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek professional advice. Cryptotaxcalculator disclaims all and any guarantees, undertakings and warranties, expressed or implied, and is not liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or Consequential Loss or damage) arising out of, or in connection with, any use or reliance on the information or advice in this website. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information in this website is no substitute for specialist advice.

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