How do I connect my Bithesap account to CoinTracker?
To add your Bithesap transactions to CoinTracker:
Download the CSV export of your transactions from Bithesap
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
How are Bithesap transactions taxed?
Crypto transactions on Bithesap are taxable under Turkish law and most global tax frameworks.
Capital gains tax: Applies when you sell, trade, or convert crypto. Although Turkey has not yet implemented specific crypto tax laws, profits from trading are generally treated as capital income under current tax guidelines.
Income tax: Applies when you earn crypto through staking, referrals, or airdrops, and may be taxed as other income (diğer kazanç ve iratlar) under Turkish tax code.
CoinTracker automatically tracks and classifies all your Bithesap transactions for accurate tax reporting.
Do I have to pay taxes on Bithesap?
Yes. While Turkey does not yet have a fully defined crypto tax law, the Revenue Administration (Gelir İdaresi Başkanlığı) requires individuals to report profits from crypto activities if they are considered commercial or regular income. You must report:
Profits from crypto sales or conversions
Rewards or bonuses received through Bithesap
Staking or airdrop income
CoinTracker simplifies compliance by automatically calculating your capital gains and crypto income for annual tax reporting.
Does Bithesap provide tax documents?
Yes. Bithesap provides transaction histories, account statements, and trade exports via your user dashboard.
Although Bithesap does not issue IRS-style forms (like 1099s), these files can be uploaded to CoinTracker to generate compliant tax summaries for Turkish, EU, or international reporting.
How to get your Bithesap tax documents
Log in to your Bithesap account.
Go to Hesabım → İşlem Geçmişi (My Account → Transaction History).
Select your date range or tax year.
Click CSV Olarak Dışa Aktar (Export as CSV).
Upload your file to CoinTracker, or connect via API (if available) for automatic syncing.
When does Bithesap issue Form 1099-MISC, 1099-B, or 1099-DA?
Bithesap does not issue U.S. tax forms such as 1099-MISC, 1099-B, or 1099-DA, as it operates under Turkish jurisdiction.
However, users who are U.S. citizens or residents must still report their Bithesap activity to the IRS.
CoinTracker automates this process by generating equivalent reports for IRS, HMRC, or OECD CARF compliance.
Why aren't my Bithesap documents accurate?
Your Bithesap exports might exclude:
Transfers between your personal wallets and other exchanges
Crypto earned off-platform (staking, DeFi, NFTs)
Transactions before historical record retention periods
CoinTracker consolidates all your wallets and exchanges for a complete and accurate crypto tax report.
Does Bithesap automatically deduct taxes?
No. Bithesap does not withhold or deduct any taxes on behalf of users.
You are responsible for declaring and paying taxes on your crypto income and profits.
CoinTracker automates your gain/loss tracking and generates localized summaries to make reporting simple and accurate.
Does Bithesap report to tax authorities?
Yes. Bithesap complies with MASAK (Financial Crimes Investigation Board) and AML/CTF regulations in Turkey.
While crypto tax enforcement is still evolving, Bithesap may share transaction data under anti-money laundering laws.
CoinTracker ensures your reports align with official records and future tax frameworks like the OECD's Crypto-Asset Reporting Framework (CARF).
Does Bithesap provide financial or end-of-year statements?
Yes. Bithesap users can export end-of-year account statements and transaction summaries directly from their accounts.
Import these files into CoinTracker to automatically generate capital gains, income summaries, and portfolio performance reports.