How do I connect my BitForex account to CoinTracker?
To add your BitForex transactions to CoinTracker:
Download the CSV export of your transactions from BitForex
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
How are BitForex transactions taxed?
All BitForex activity is taxable under global crypto tax regulations.
Capital Gains Tax
You owe tax when you dispose of crypto through:
Spot trading (e.g., BTC → USDT)
Derivatives settlement
Closing perpetual or futures positions
Selling or converting tokens
Your taxable gain = fair market value at disposal – cost basis.
Income Tax
Income tax applies when you receive crypto from:
BitForex Earn interest
Staking rewards
Referral bonuses
Airdrops
Promotions / trading competitions
CoinTracker automatically separates capital gains vs. income, ensuring accurate filing.
Do I have to pay taxes on BitForex?
Yes.
Even with service disruptions, your past activity remains taxable. You must report:
Spot trades
Futures & perpetual PnL
Staking or Earn rewards
Referral or airdrop rewards
Deposits & withdrawals
Token conversions
CoinTracker consolidates all BitForex transactions and calculates your full tax liability across years.
Does BitForex provide tax documents?
Partially. Before outages, BitForex offered CSV export tools for:
Spot trade history
Futures PnL
Deposits & withdrawals
Earn & staking rewards
However, BitForex did not issue official forms such as:
Form 1099-MISC
Form 1099-B
HMRC or ATO tax statements
CoinTracker converts your BitForex CSVs into fully compliant tax documents automatically.
How to get your BitForex tax documents
If the platform is accessible:
Log in to your BitForex account.
Go to Orders → Transaction History → Export.
Export the following separately:
a. Spot trades
b. Futures/history
c. Deposit & withdrawal records
d. Earn/staking rewardsChoose a date range or tax year.
Download CSV files.
Upload them to CoinTracker under Add Account → BitForex.
If the platform is unavailable:
Search your email for BitForex trade confirmations.
Use blockchain explorers to reconstruct withdrawals and deposits.
Add the transactions manually to CoinTracker.
When did BitForex issue tax forms?
BitForex did not issue any official government tax forms (e.g., IRS 1099 reports). Users are responsible for self-reporting gains and income. CoinTracker generates:
Form 8949
Schedule D
HMRC Capital Gains Summary
ATO CGT schedule
EU MiCA-aligned reports
based on your imported data.
Why aren't my BitForex documents accurate?
Inconsistencies typically occur when:
Futures PnL exports are missing
Earn / staking rewards weren't exported
Deposits & withdrawals aren't included
BitForex outages prevented full data export
Some transactions happened via external wallets
CoinTracker fixes this by merging CSV data with on-chain transaction records to fill in missing cost basis or proceeds.
Does BitForex automatically deduct taxes?
No. BitForex did not withhold or remit taxes for users. You must report all gains and income yourself. CoinTracker makes this simple with automated tax calculations.
Does BitForex report to tax authorities?
No primary tax-reporting program existed for BitForex. However, global regulators may still investigate or analyze exchange activity during compliance actions. CoinTracker ensures your personal records remain accurate regardless of what BitForex reported or failed to report.
Does BitForex provide financial or end-of-year statements?
Yes — if the platform is online. You can download:
Year-end account summaries
PnL reports
Earn reward logs
These can be imported into CoinTracker to generate full tax summaries, income reports, and portfolio valuations.