How do I connect my faast account to CoinTracker?
To add your faast transactions to CoinTracker:
Download the CSV export of your transactions from faast
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
What is Faast Wallet?
Faast was a non-custodial crypto portfolio manager and swap service that allowed users to trade, exchange, and rebalance crypto assets directly from their wallets. It integrated with popular wallets like MetaMask, Ledger, and Trezor to perform instant token swaps across Ethereum and other supported blockchains — without requiring custody of your funds. Although the Faast platform is no longer active, users who traded through it may still need to report historical taxable events.
Do I pay taxes on my Faast transactions?
Yes. Any time you swapped, sold, or traded crypto using Faast, it was considered a taxable event. Each swap generated a capital gain or loss based on the market value of the assets exchanged. Additionally, any rewards, airdrops, or referral bonuses earned through Faast count as taxable income.
Does Faast report to the IRS?
No. Faast was a decentralized, non-custodial service that did not collect user information or perform identity verification (KYC). It did not issue 1099 tax forms or report user transactions to the IRS. As a result, users are responsible for calculating and reporting their own gains and income from Faast activity.
Can the IRS see my Faast Wallet transactions?
Yes, potentially. All transactions facilitated through Faast were executed on public blockchains such as Ethereum or Bitcoin, making them visible to anyone using blockchain explorers. If your wallet addresses used for Faast swaps are linked to centralized exchanges or identifiable accounts, tax authorities may be able to trace them.
Does Faast Wallet have tax documents?
No. Faast did not issue tax documents or downloadable statements. Since transactions were executed directly through connected wallets, you'll need to use a crypto tax software like CoinTracker to import your wallet data and generate the necessary tax reports.
How do I get tax forms from Faast Wallet?
To create tax forms for your historical Faast transactions, connect the wallets you used with Faast (such as MetaMask, Ledger, or Trezor) to CoinTracker. CoinTracker will automatically sync the on-chain transaction data, identify all taxable swaps, and generate accurate reports like Form 8949 and Schedule D.
How are Faast swaps taxed?
Faast swaps are treated the same as crypto-to-crypto trades.
Swapping one token for another: counts as a disposal and creates a capital gain or loss.
Earning rewards or airdrops: taxed as income at fair market value on the date received.
Rebalancing portfolios: each trade executed during a rebalance represents an individual taxable transaction.