How do I connect my Hanbitco account to CoinTracker?
To add your Hanbitco transactions to CoinTracker:
Download the CSV export of your transactions from Hanbitco
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
How are Hanbitco transactions taxed?
Crypto activity on Hanbitco is taxable under Korean law and international tax principles.
Capital gains tax: Applies when you sell, trade, or convert crypto assets. The taxable gain equals the difference between your purchase price (cost basis) and sale price.
Income tax: Applies if you earn crypto through staking, airdrops, or referral programs. The value of the crypto at the time of receipt is considered income.
CoinTracker automatically categorizes Hanbitco transactions and calculates your realized gains and taxable income to ensure compliance with upcoming tax obligations.
Do I have to pay taxes on Hanbitco?
Yes.
Although South Korea postponed the crypto taxation law until January 2025, the National Tax Service (NTS) requires users to maintain detailed transaction records.
You must report:
Profits from crypto sales or conversions
Income from staking or promotional rewards
Crypto holdings in annual declarations if applicable
CoinTracker helps you track, calculate, and prepare your Hanbitco data in advance — so you're ready when crypto taxation becomes active in 2025.
Does Hanbitco provide tax documents?
Yes.
Hanbitco provides transaction history exports and account summaries.
While it does not issue official tax certificates, you can use these exports with CoinTracker to generate detailed, NTS-compliant tax reports.
How to get your Hanbitco tax documents
Log in to your Hanbitco account.
Navigate to 내 자산 (My Assets) → 거래내역 (Transaction History).
Choose your date range or tax year.
Click CSV 다운로드 (Download CSV) to export your trade and deposit/withdrawal records.
Upload the CSV file to CoinTracker, or connect via API for automatic syncing.
When does Hanbitco issue Form 1099-MISC, 1099-B, or local equivalents?
Hanbitco does not issue U.S. tax forms like 1099-MISC or 1099-B, since it operates under Korean jurisdiction.
Instead, users will soon receive standardized crypto transaction statements once the Virtual Asset Taxation Law takes effect in 2025.
CoinTracker automatically generates equivalent capital gains and income summaries for your filings, whether in Korea or abroad.
Why aren't my Hanbitco documents accurate?
Your Hanbitco exports may appear incomplete if:
They exclude wallet transfers or DeFi transactions.
Older transactions before reporting upgrades are missing.
Data formatting changed after Hanbitco's KYC/AML updates.
CoinTracker reconciles your Hanbitco trades with other connected exchanges and on-chain data to ensure your reports are accurate and comprehensive.
Does Hanbitco automatically deduct taxes?
No.
Hanbitco does not currently deduct or remit taxes on behalf of users.
Starting in 2025, exchanges may be required to submit reports to the NTS, but users will still be responsible for paying their taxes directly.
CoinTracker simplifies this by generating accurate, itemized reports of your capital gains and income each year.
Does Hanbitco report to tax authorities?
Yes — indirectly.
Hanbitco complies with Korean AML/KYC regulations and Virtual Asset Service Provider (VASP) standards under the Financial Services Commission (FSC).
It may share transaction data with the Korea Financial Intelligence Unit (KoFIU) or NTS for monitoring and compliance.
CoinTracker ensures your self-reported tax filings match these data disclosures for complete accuracy.
Does Hanbitco provide financial or end-of-year statements?
Yes.
Hanbitco offers account statements and trading summaries you can download anytime from your account.
Import these into CoinTracker to automatically calculate your annual capital gains, crypto income, and portfolio performance.