How do I connect my OVEX account to CoinTracker?
To add your OVEX transactions to CoinTracker:
Download the CSV export of your transactions from OVEX
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
How are OVEX transactions taxed?
Crypto activity on OVEX is taxable under South African law.
Capital gains tax (CGT): Applies when you sell, swap, or withdraw crypto. The taxable gain is the difference between the acquisition price (cost basis) and disposal value.
Income tax: Applies when you earn crypto through staking, interest accounts, or referrals. The fair market value of the crypto at the time of receipt counts as taxable income.
CoinTracker automatically categorizes your OVEX transactions to calculate both income and capital gains accurately.
Do I have to pay taxes on OVEX?
Yes.
According to SARS, cryptocurrency is treated as a financial asset, and all transactions must be reported.
You must pay tax on:
Trading or selling crypto for ZAR
Crypto-to-crypto swaps (e.g., BTC/ETH)
Interest income from OVEX's Earn or Lend products
Airdrops, staking, or referral rewards
CoinTracker tracks your entire OVEX activity and generates SARS-ready summaries to simplify your tax filing.
Does OVEX provide tax documents?
Yes. OVEX provides transaction exports and interest statements that you can download from your account.
While OVEX does not issue SARS tax certificates, you can upload these exports to CoinTracker to calculate your capital gains, income, and tax liability automatically.
How to get your OVEX tax documents
Log in to your OVEX account.
Go to Settings → Reports → Transaction History.
Select your desired date range or tax year.
Click Export CSV to download your trade and earnings data.
Upload the CSV file to CoinTracker, or connect via API (if available) for automatic syncing.
When does OVEX issue tax forms like Form 1099 or SARS certificates?
OVEX does not issue U.S. tax forms such as 1099-MISC or 1099-B, nor formal SARS tax certificates.
However, all crypto disposals and income must be declared on your ITR12 return in South Africa.
CoinTracker generates localized tax summaries, including capital gains schedules and income statements suitable for SARS reporting.
Why aren't my OVEX documents accurate?
Your OVEX report may appear incomplete if it excludes:
Transfers to or from external wallets
Rewards from referral or Earn programs
DeFi or OTC trades outside OVEX's main platform
CoinTracker consolidates all your crypto data — from OVEX and other sources — to ensure your final tax report is complete and reconciled.
Does OVEX automatically deduct taxes?
No. OVEX does not withhold or remit taxes on your behalf.
You are responsible for reporting and paying any taxes due on your crypto gains and income.
CoinTracker makes this easy by automating gain calculations and generating SARS-ready reports.
Does OVEX report to tax authorities?
Yes, in some cases.
As a regulated exchange in South Africa, OVEX complies with Financial Intelligence Centre (FIC) and AML/KYC requirements, and may share user transaction data with SARS under request or future reporting frameworks.
CoinTracker ensures your reports align with any potential disclosures and stay fully compliant.
Does OVEX provide financial or end-of-year statements?
Yes.
OVEX users can download year-end transaction summaries, Earn reports, and interest statements.
Import these into CoinTracker to automatically calculate your capital gains, crypto income, and portfolio growth over the tax year.