How to do your CREX24 taxes in 2025
Key takeaways
- Tax agencies can track your CREX24 transactions, so it’s essential to file your crypto taxes properly. You owe tax any time you sell, swap or dispose of your crypto for a profit.
- CREX24 does not issue tax reports, so you will need to gather the data and calculate taxes yourself.
- Alternatively, you can use Crypto Tax Calculator, which automatically syncs with your CREX24 and other crypto platforms to provide you with a comprehensive tax report.
If you’ve been using CREX24, it’s important to understand how to report your crypto taxes. Like most exchanges, CREX24 does not automatically report, calculate, or issue tax forms for you. It’s up to users to report their gains, losses, and income from the platform.
The good news is that Crypto Tax Calculator makes calculating your CREX24 taxes quick and easy by automatically importing your data and generating comprehensive tax reports.
Quick Steps
- Create an account on Crypto Tax Calculator or log in if you already have one.
- Select CREX24 in the Accounts list.
- Import your CREX24 transactions using API or CSV.
- Let our software calculate your gains, losses, and income.
- Download your tax report and file it with your taxes.
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Disclaimer: The information in this guide is general in nature and not written for a specific tax jurisdiction or audience.
Do I need to pay taxes on CREX24?
If you have been transacting on CREX24 during the tax year, then it’s likely you will need to pay tax based on your trading activity.
Typically, anytime you sell crypto for fiat, trade crypto-to-crypto, or earn crypto income (e.g., through staking or rewards on CREX24), it is considered a taxable event in most countries.
The exact tax you owe (capital gains or income tax) will depend on your local regulations and the specifics of each transaction. Check our local tax guides for details on how cryptocurrency is taxed in your jurisdiction.
Do I have to pay tax if I only bought crypto on CREX24 but didn’t sell?
In most parts of the world, you do not pay any tax when you purchase crypto.
It is only when you later dispose of that crypto – i.e., sell it or trade it for another asset – that a taxable event occurs.
What CREX24 transactions are taxable?
The following are common transactions on cryptocurrency exchanges like CREX24 that are relevant to tax:
Event | Tax Implication |
---|---|
Selling crypto | Capital gains tax |
Crypto-to-crypto swaps | Capital gains tax |
Rewards from staking, interest, or yield | Income tax |
Most countries typically tax proceeds earned from selling investments differently from money earned as income. In crypto, you may be subject to both capital gains and income tax, depending on the nature of your transaction.
Capital Gains tax events on CREX24
Whenever you sell or make a crypto-to-crypto swap on CREX24, you are disposing of an asset.
- If the value of the crypto at the time of sale/trade is higher than when you acquired it, you have a taxable capital gain.
- If it’s lower, you have a capital loss (which can often be used to offset other gains).
Crypto Tax Calculator will automatically calculate these gains and losses for each trade using your imported transaction data. It will also account for fees according to your local tax rules.
Income tax on CREX24
If you received crypto as a reward on CREX24 for activities such as staking, lending, or referral bonuses, those tokens are usually considered income.
- The value of the crypto at the time and date you received it needs to be reported as income.
- It also forms the cost basis if you later sell the asset.
Crypto Tax Calculator will automatically categorize income tax events and treat them according to your local tax rules.
Remember that the exact rules for transactions on CREX24 will depend on your tax jurisdiction. To learn more, check out our list of local tax guides.
Does CREX24 report to the IRS?
If you registered with CREX24 as a resident of the United States, then starting in the 2025 tax year, the exchange is required to report your customer data and transactions to the IRS.
Other tax authorities around the globe, like the ATO, HMRC, and CRA, are also engaged in data-sharing programs with exchanges like CREX24.
They may also use the following to to match your identity with your trading activity on CREX24:
- Blockchain analytics tools
- Data-sharing between banks
- KYC and AML data
Where do I find CREX24 tax forms?
Exchanges like CREX24 do not provide tax forms with a neat breakdown of your tax obligations. This is because tax rules vary between countries and jurisdictions, requiring specialized software to handle additional complexities of crypto tax.
Additionally, any assets you transfer onto the platform will be missing an accurate cost basis.
Fortunately, you can connect your CREX24 account to Crypto Tax Calculator via API or upload your transaction data using CSV.
Crypto Tax Calculator will then:
- Combine this data with any other accounts or wallets you connect.
- Provide you with an accurate tax report ready to submit to your tax agent, accountant, or local tax authority.
You can connect as many supported exchange accounts, wallets, or blockchains as you like, with reports available for all previous years on a single plan.
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How to calculate CREX24 taxes with Crypto Tax Calculator
1. Import your data
First, you will need to import your CREX24 transaction data to Crypto Tax Calculator.
Here are the two main methods:
Automatic API Import
This method uses a secure API feed to transfer your transaction data to Crypto Tax Calculator. Using an API ensures that your data will be updated over time, so any change in your CREX24 balance is reflected in Crypto Tax Calculator.
- Sign in to Crypto Tax Calculator or create an account.
- Navigate to the Accounts tab and click + Add accounts.
- Select CREX24 from the list of exchanges. Click on Sync via API.
- Follow the instructions on the right-hand side to find your API key on CREX24.
- Input your API details and click Secure Connect.
- Once authorized, Crypto Tax Calculator will automatically import your CREX24 transaction history.
- This may take a few seconds to a few minutes, depending on the number of transactions.
- You’ll see a confirmation when all data is imported.
CSV File Upload
Not all exchanges provide easy API access; some users might prefer CSV uploads instead.
- Sign in to Crypto Tax Calculator or create an account.
- Navigate to the Accounts tab and click + Add accounts.
- Select CREX24 from the list of exchanges. Click on Upload File.
- Follow the instructions on the right-hand side to find and download your transaction data on CREX24.
- Click Import CREX24 CSV to upload your transaction data.
- Choose your file using the browser or drag and drop it into the window.
- Click Import CREX24 CSV to complete the upload.
- Verify the data
- The software will parse the CSV and import all transactions.
- Double-check that the transaction details match your expectations from CREX24.
- Crypto Tax Calculator will alert you if any data seems missing or if there are errors in the file.
Note: Some exchanges split different types of transactions into multiple files or have separate histories for sub-accounts. Make sure to import all relevant files to cover your complete trading history.
2. Generate your tax report
Once your CREX24 data is imported to Crypto Tax Calculator via API or CSV, you can calculate your taxes with just a few clicks.
Import accounts
- Add any other exchange accounts, wallets, or transaction data to Crypto Tax Calculator.
- You will need to upload your entire crypto transaction history for an accurate report.
Review transactions
- While Crypto Tax Calculator does the hard work for you, it may flag missing data or errors.
- You will need to review and verify the flagged transactions to ensure accuracy.
Get your tax report
- Generate a comprehensive tax report ready for your accountant or local tax authority.
If you're new to Crypto Tax Calculator, try our Getting Started Guide for an overview of how the platform works.
Need help? Click the chat icon in the bottom right corner to start a live chat with our expert customer service team.
How to file your CREX24 tax report
Here’s what to do with your exciting and new crypto tax report:
1. Review your tax report
After importing, you can generate a tax report for CREX24 and any other accounts you linked. This report will detail your net capital gains, losses, and income from crypto for your chosen financial year.
- Review it to make sure everything looks correct.
- If something looks off, return to the Review tab to ensure all transactions are categorized correctly.
- Check the Accounts tab to ensure all your accounts and their transactions have been added.
2. Download and complete the necessary tax forms
Crypto Tax Calculator can produce specific forms or summaries needed for filing.
- If you live in the US, it can produce a report ready to upload to TurboTax.
- There are also specific forms like Form 8949 and Schedule D that contain the relevant information for crypto.
- Crypto Tax Calculator’s reports are designed to be tax-office compliant, making the process straightforward.
3. File before the deadline
Make sure you file your taxes before the deadline in your country.
- Properly reporting your CREX24 crypto activity will keep you compliant and help you avoid any penalties.
Ready to make tax filing simple?
If you haven’t already, sign up for Crypto Tax Calculator to get your CREX24 tax report in minutes.
With a single account, you have all your transaction data in one place, and the heavy lifting will be done for you for years to come.
If you have any issues or questions, our support team is here to help (reach out via live chat or email). Crypto taxes are much easier when you have the right tools – and we’re happy to provide that for you.
Frequently Asked Questions about CREX24 taxes
01.What is the best crypto tax software for CREX24?
We may be slightly biased, but we think Crypto Tax Calculator is the best tax software for CREX24.
Crypto Tax Calculator analyses all of your CREX24 transactions to calculate capital gains, income and expenses. You can add as many accounts as you like from other supported exchanges, wallets and defi protocols, streamlining the tax process and saving you a headache.
There’s no need to worry about meeting the reporting standards of your local tax authority either. Crypto Tax Calculator generates tax reports that comply with the requirements of numerous tax authorities, including the IRS, HMRC, ATO, CRA, and many more.
With a single account, you have all your transaction data in one place, and the heavy lifting will be done for you for years to come.
But don’t just take our word for it. Crypto Tax Calculator has a 4.8-star rating on Trustpilot, with countless positive reviews. It is trusted by accountants worldwide and is the official tax partner of Coinbase and MetaMask, two of the largest crypto platforms in the world.
02.Does CREX24 report my transactions to the tax authorities?
It is very likely that CREX24 may share some information with tax authorities depending on your country and your activity.
Even if they do not currently share information, increasing regulatory requirements may obligate them to do so at a later date. If your local tax authority discovers you have misreported your crypto tax in previous years, you could face tough penalties, including fines and legal punishment.
Even if you have used non-KYC exchanges and DeFi protocols for trading, blockchains are public databases that make it easy for authorities to track and connect your transactions with your real-world identity.
In life, only 4 things are certain – Life, death, taxes and the volatility of bitcoin.
03.Does CREX24 provide tax documents, statements or summaries?
CREX24 does not currently provide a comprehensive tax report that covers all your gains and losses. Instead, they will let you download a CSV or send you a summary of transactions, but this isn’t a ready-to-file tax form.
Crypto Tax Calculator fills that gap by using your data to create a complete tax report.
04.Do I have to pay taxes on crypto if I never cashed out to my bank from CREX24 ?
Even if you didn’t withdraw fiat to your bank account, many countries will tax you when you sell your crypto. This includes crypto-to-crypto trades or anything that classifies as a disposal of a capital asset.
For example, trading two stablecoins – such as USDC for USDT – on CREX24 is taxable because you sold one crypto for another.
The same goes for using crypto to buy something or spending it using a crypto debit card. Transferring between your own wallets/exchanges (without changing ownership or value) might not be taxable, but if gas fees are involved, it may trigger a taxable event. Always consider what counts as a taxable event in your jurisdiction.
05.What if I only bought crypto on CREX24 but didn’t sell?
Generally, buying crypto with fiat is not a taxable event.
If you haven’t sold or traded the crypto you bought, you likely don’t have gains or losses to report for those holdings yet. However, you should still keep records.
And if you earned any crypto (through staking or rewards on CREX24), those could be taxable as income even if you haven’t sold them.
Additionally, if you used CREX24 to purchase crypto but then moved it into another wallet or exchange, you may need to pay tax on the gas fees used if they were paid in crypto.
Crypto Tax Calculator tracks your cost basis for all linked accounts so that when you eventually sell, your prior purchases on CREX24 are accounted for.
06.Can I avoid paying taxes on my CREX24 trades?
If you have taxable transactions, you’re legally required to report them in most jurisdictions.
There’s no loophole to completely avoid taxes on your crypto profits besides using allowed methods to reduce your overall tax obligation, like offsetting gains with losses.
Crypto Tax Calculator will help ensure you’re claiming all your eligible losses and deductions, and it even suggests tax-minimisation methods you may not be aware of, like tax loss harvesting.
If you want to learn more about the legal ways to reduce your crypto tax, then read our dedicated guide, which was written by a specialised crypto tax lawyer.
No matter what a friend or anonymous person on the internet might say, you must not evade taxes. It will catch up with you.
Disclaimer: This guide is for general information only and is not tax advice. Cryptocurrency tax laws vary by region. Please consult a tax professional for advice tailored to your circumstances.
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. Crypto Tax Calculator 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.