Tax season is the moment every crypto investor dreads — and if you trade, stake, or spend on Crypto.com, the IRS wants its cut. The good news? Crypto.com makes it surprisingly easy to pull the data you need. The bad news? Understanding what that data actually means is still on you.

Does Crypto.com Report to the IRS?

Yes. Crypto.com is registered as a money services business with FinCEN in the United States and complies with standard reporting frameworks. That means user activity can be shared with tax authorities when legally required.

Crypto.com also issues 1099 tax forms to eligible U.S. users who meet certain thresholds for reportable transactions. Historically, these forms covered miscellaneous income. Starting with the 2025 tax year, brokers are also expected to report cost basis and proceeds on Form 1099-DA, a new digital asset-specific form introduced by the IRS.

If you live outside the U.S., reporting rules vary wildly. Some countries treat crypto as capital assets, others as currency, and a few still treat it as untaxed property. Crypto.com itself publishes region-specific guidance inside its Help Center, and it is worth reading before you file.

What Crypto.com Sends You Automatically

  • Form 1099-MISC for referral bonuses, staking rewards, and other miscellaneous income above the reporting threshold
  • Form 1099-DA for digital asset sales beginning with the 2025 tax year (U.S. users)
  • In-app tax summaries accessible through the Tax section of the Crypto.com App

What Crypto.com Tax Documents You Can Download

The Crypto.com App has a dedicated Tax Reports feature buried inside the user menu. From there, you can generate CSV exports covering trades, rewards, staking payouts, and conversions.

The most useful exports include:

  • Trade History — every buy, sell, and conversion with timestamps and prices
  • Reward History — staking, Cashback, CRO bonuses, and referral earnings
  • Transaction Summary — a high-level view of gains, losses, and income

These exports are not formatted for tax software out of the box, but they are compatible with most major crypto tax platforms after light cleanup. If you use TurboTax, Koinly, CoinTracker, or TokenTax, double-check the CSV format they expect before uploading — a mismatched file is the most common cause of errors.

Pro tip: Always export your full history at year-end, even if you think you had no taxable activity. Conversions between crypto assets — like swapping BTC for ETH — count as taxable events in the U.S.

How Crypto.com Transactions Are Actually Taxed

In the U.S., the IRS treats cryptocurrency as property. That single rule creates the bulk of the confusion, because every disposition of crypto can be a taxable event.

Capital Gains and Losses

When you sell, swap, or spend crypto on Crypto.com for more than you paid, you owe capital gains tax. Hold the asset for more than one year and you qualify for the lower long-term rate. Sell within a year and the gain is taxed as ordinary income — which is often a much bigger hit.

Losses are useful too. You can use crypto losses to offset gains, and in some cases up to a few thousand dollars of ordinary income per year, subject to IRS rules.

Income From Rewards and Staking

Crypto.com pays out several reward types, and most of them are taxed as ordinary income the moment they land in your wallet. That includes:

  • CRO staking rewards from Crypto Earn and the various staking tiers
  • Cashback rewards paid in CRO on the Visa card
  • Referral bonuses and sign-up credits
  • Supercharger rewards and airdrop distributions

The fair market value in U.S. dollars at the time of receipt is what you report as income. Later, when you sell those rewards, you trigger a second taxable event — a capital gain or loss based on the new cost basis.

Cost Basis Methods

When you have multiple buys of the same coin at different prices, you need a cost basis method to figure out your gain. Common options include:

  • FIFO — First In, First Out (the IRS default)
  • LIFO — Last In, First Out
  • Specific Identification — choose which lot you are selling (requires detailed records)
  • Average Cost — average price across all holdings

Switching methods can change your tax bill dramatically, so it is worth running the numbers both ways.

Tips for Filing Your Crypto.com Taxes Correctly

Filing crypto taxes is rarely fun, but a few habits make it dramatically easier.

Export early and often. Do not wait until April. Pull your transaction history every quarter so you are not scrambling at the deadline — exchanges occasionally change export formats or remove older data.

Reconcile everything. Match your Crypto.com exports against your wallet activity and any other exchanges you used. Missing transfers are the number one cause of IRS notices.

Use crypto tax software. Manual calculations for hundreds of trades are error-prone. Tools like CoinTracker, Koinly, and TokenTax integrate with Crypto.com and generate IRS-ready reports.

Keep records for years. The IRS recommends keeping tax records for at least three years, but crypto cases can go longer. Save your CSVs in cloud storage and back them up.

Talk to a professional. If you have significant staking income, DeFi activity, or NFT trades alongside your Crypto.com account, a CPA familiar with digital assets is worth the fee.

Key Takeaways

  • Crypto.com reports to the IRS and issues 1099 forms to eligible U.S. users
  • The in-app Tax Reports feature lets you export trades, rewards, and summaries
  • Most Crypto.com rewards are taxed as ordinary income at receipt
  • Trading, converting, or spending crypto triggers capital gains or losses
  • Choosing the right cost basis method can save you real money
  • Use crypto tax software and keep multi-year records to stay safe