All Countries

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
USA flag
Spain
No items found.
2025-07-25

How Investing vs Trading impacts tax

In most cases of buying and selling cryptocurrency as a retail investor, you are participating in investing rather than trading. The two are treated differently for tax purposes.

  • Investing is subject to capital gains tax or income tax, depending on the nature of the transaction.
  • Trading in this case refers to self-employment which is subject to income tax and National Insurance Contributions.

The key difference between investing and trading – along with the different tax treatments, is how losses generated in the crypto-activity can be used.

In their guidance, HMRC have explicitly stated that they would expect it to be exceedingly rare that any crypto-activity constituting buying & selling crypto would be classified as “trading”.

If you are uncertain, speak to a tax advisor as there are always exceptions, including but not limited to, developing tokens and large scale mining.

How is crypto tax calculated in the United States?

You can be liable for both capital gains and income tax depending on the type of cryptocurrency transaction, and your individual circumstances. For example, you might need to pay capital gains on profits from buying and selling cryptocurrency, or pay income tax on interest earned when holding crypto.

CoinLedger

CoinLedger is an accessible crypto tax platform with over 1,000 exchange and wallet integrations.

Best for: Users who want a simple, straightforward experience without complex DeFi needs.

Key differentiator: Offers an unlimited transaction plan for high-volume traders at a fixed price.

Pricing: $49 (100 transactions) to $499+ (10,000+ transactions).

Limitation: Does not generate Schedule D forms - you will need to complete this manually or with other software.

Notable: Strong NFT support with OpenSea integration.

CoinTracker

CoinTracker is a portfolio tracker and tax calculator supporting over 30,000 cryptocurrencies.

Best for: Users who prioritize portfolio tracking alongside tax reporting.

Key differentiator: Direct integrations with TurboTax and H&R Block Desktop.

Pricing: $59 (100 transactions) to $599 (10,000 transactions), with full-service options up to $3,499.

Limitation: Customer support is limited on lower-tier plans - priority support requires the $599 Ultra plan.

Notable: Good security with end-to-end encryption and SOC 2 compliance.

ZenLedger

ZenLedger offers both DIY crypto tax reports and professional full-service accounting.

Best for: Users who want tax loss harvesting included at every pricing tier.

Key differentiator: Tax loss harvesting is available on all plans, not just premium tiers.

Pricing: $49 (100 transactions) to $399 (15,000 transactions).

Limitation: Only offers 400+ exchange integrations - significantly fewer than competitors. Some users report customer support issues with long wait times.

Notable: TurboTax integration and 14-day refund policy.

blog
Jul 25
,
 
2025
 - 
10
min read

Announcing Our New Partnership with Bybit

The Summ team is proud to announce our exciting partnership with Bybit, delivering a crypto tax solution tailored to Bybit’s global community of users.

Key takeaways
This tax guide is regularly updated: Last Update  

The Summ (formerly Crypto Tax Calculator) team is proud to announce our exciting partnership with Bybit, delivering a crypto tax solution tailored to Bybit’s global community of users.

As one of the world’s leading crypto exchanges by trading volume, Bybit is renowned for its high-performance trading infrastructure, deep liquidity, and commitment to innovation. With millions of users worldwide trading derivatives, spot markets, and participating in a growing Web3 ecosystem, this partnership comes at the perfect time;  when accurate and accessible tax reporting is more important than ever.

Making crypto tax reporting effortless for Bybit users

Whether you're a seasoned trader, DeFi explorer, or simply navigating crypto for the first time, tax reporting shouldn’t be a roadblock. Together, Summ and Bybit are here to remove the complexity.

Here's what this partnership brings you:

Easy Account Setup
Connect your Bybit account to Summ in just a few clicks. Automatically import your transactions via either API keys or CSV files.

Smart Transaction Labelling
Our platform supports 3,500+ exchanges, wallets, and blockchains, with powerful algorithms that label activity across Bybit’s diverse products, including derivatives, spot trades, and more.

Full DeFi & NFT Support
Got activity outside of Bybit? No problem. We specialize in handling advanced crypto use cases - staking, liquidity pools, NFT trades, airdrops, and more.

Global Tax Support
Generate tax reports for over 100 countries, customized for your local laws. Whether you're filing solo or with an accountant, you’ll have the forms you need - clearly formatted and ready to go.

Why this matters

As global tax authorities increase scrutiny on crypto transactions, accurate reporting is more critical than ever. Bybit's commitment to compliance and user empowerment makes this partnership a natural fit.

Together, we're making sure that no matter how active you are in the crypto space, you're always in control, and ahead of your tax obligations.

Get your crypto taxes sorted and start using Summ for free. 

The information provided on this website is general in nature and is not tax, accounting or legal advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek professional advice. Summ (formerly Crypto Tax Calculator) disclaims all and any guarantees, undertakings and warranties, expressed or implied, and is not liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or Consequential Loss or damage) arising out of, or in connection with, any use or reliance on the information or advice in this website. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information in this website is no substitute for specialist advice.

FAQ

No items found.
Table of contents
heading2
heading3

More resources

CryptoTax Calculator thumbnail
Blog
3
 
Jun
 
2026
Cómo declarar tus operaciones de Binance en el Modelo 100

Binance es el exchange más utilizado en España, y también el más complejo de declarar. Esta guía explica qué operaciones tributan y cómo se asignan a las casillas del Modelo 100.

Read More
CryptoTax Calculator thumbnail
Blog
25
 
May
 
2026
Cómo declarar los airdrops de criptomonedas en España (Casilla 0304)

Una guía práctica sobre cómo se declaran habitualmente los airdrops de criptomonedas en el IRPF en España: en qué apartado del Modelo 100 encajan, cómo se valúan, los tipos aplicables y cómo el valor del airdrop afecta al cálculo de las ganancias patrimoniales futuras.

Read More
CryptoTax Calculator thumbnail
Blog
18
 
May
 
2026
Impuestos DeFi en España: pools de liquidez, yield farming y swaps de tokens

El rincón más complejo de la fiscalidad cripto en España. Esta guía explica cómo se suele tributar la actividad DeFi en España: pools de liquidez, yield farming, lending, swaps en DEX y cómo asignar cada actividad al apartado correspondiente del Modelo 100.

Read More

Comience gratis

Importe sus transacciones y genere una vista previa del informe gratuita.

Blog

25 July 2025

X

 Min read

Announcing Our New Partnership with Bybit

The Summ team is proud to announce our exciting partnership with Bybit, delivering a crypto tax solution tailored to Bybit’s global community of users.

Team Summ

This tax guide is regularly updated: Last Update 

....

July

25

2025

The Summ (formerly Crypto Tax Calculator) team is proud to announce our exciting partnership with Bybit, delivering a crypto tax solution tailored to Bybit’s global community of users.

As one of the world’s leading crypto exchanges by trading volume, Bybit is renowned for its high-performance trading infrastructure, deep liquidity, and commitment to innovation. With millions of users worldwide trading derivatives, spot markets, and participating in a growing Web3 ecosystem, this partnership comes at the perfect time;  when accurate and accessible tax reporting is more important than ever.

Making crypto tax reporting effortless for Bybit users

Whether you're a seasoned trader, DeFi explorer, or simply navigating crypto for the first time, tax reporting shouldn’t be a roadblock. Together, Summ and Bybit are here to remove the complexity.

Here's what this partnership brings you:

Easy Account Setup
Connect your Bybit account to Summ in just a few clicks. Automatically import your transactions via either API keys or CSV files.

Smart Transaction Labelling
Our platform supports 3,500+ exchanges, wallets, and blockchains, with powerful algorithms that label activity across Bybit’s diverse products, including derivatives, spot trades, and more.

Full DeFi & NFT Support
Got activity outside of Bybit? No problem. We specialize in handling advanced crypto use cases - staking, liquidity pools, NFT trades, airdrops, and more.

Global Tax Support
Generate tax reports for over 100 countries, customized for your local laws. Whether you're filing solo or with an accountant, you’ll have the forms you need - clearly formatted and ready to go.

Why this matters

As global tax authorities increase scrutiny on crypto transactions, accurate reporting is more critical than ever. Bybit's commitment to compliance and user empowerment makes this partnership a natural fit.

Together, we're making sure that no matter how active you are in the crypto space, you're always in control, and ahead of your tax obligations.

Get your crypto taxes sorted and start using Summ for free. 

Discover savings opportunities and lower your tax with Summ

Get started for free

No se necesita una tarjeta de crédito

Track all your swaps, trades and DeFi activity with Summ for easy tax reporting

Get started for free

No se necesita una tarjeta de crédito

Struggling with your tax?

Let Summ do the hard work for you.

Select country

Connect accounts

Get tax report

Get started for free

No se necesita una tarjeta de crédito

Automate your record keeping with Summ

Get started for free

No se necesita una tarjeta de crédito

Get started for free

No se necesita una tarjeta de crédito

Preguntas frecuentes

¿Cómo se calcula el impuesto a las criptomonedas?

Puede ser responsable tanto de las ganancias de capital como del impuesto sobre la renta según el tipo de transacción de criptomonedas y sus circunstancias individuales. Por ejemplo, es posible que deba pagar ganancias de capital sobre las ganancias obtenidas por la compra y venta de criptomonedas, o pagar impuestos sobre la renta sobre los intereses obtenidos al mantener criptomonedas.

¿Cómo puede ayudar Summ con los impuestos sobre criptomonedas?

Solo necesita importar su historial de transacciones y lo ayudaremos a categorizar sus transacciones y calcular las ganancias y los ingresos obtenidos. Luego puede generar los informes apropiados para enviarlos a su contador y mantener registros detallados a mano para fines de auditoría.

¿Manejas actividades no cambiarias?

Manejamos todas las actividades que no son de intercambio, como transacciones en cadena como Airdrops, Stake, Minería, ICO y otras actividades de DeFi. No importa qué actividad haya realizado en criptografía, lo cubrimos con nuestra función de categorización fácil de usar, similar a Expensify.

¿Qué pasa si mi intercambio no está en la lista de intercambios admitidos?

Cubrimos cientos de intercambios, billeteras y cadenas de bloques, pero si no ve su intercambio en la lista admitida, estaremos encantados de trabajar con usted para que lo admita. Simplemente comuníquese con [email protected] o mediante la función de soporte por chat en la aplicación y lo solucionaremos.

¿Cómo funciona la prueba gratuita?

La plataforma es de uso gratuito inmediatamente después de registrarse, lo que le permite importar sus transacciones y aprovechar nuestro motor inteligente de sugerencias y categorización automática, seguimiento de cartera y soporte DeFi y NFT. Para acceder a los informes, la herramienta de recolección de pérdidas fiscales o el chat y soporte prioritario, deberá actualizar al plan pago correspondiente.

Automatiza tu contabilidad criptográfica

01

Sincronizar y centralizar transacciones

Importe desde más de 1000 fuentes. Centralice su actividad criptográfica y ahorre el valioso tiempo que normalmente se dedica al seguimiento de transacciones en varias plataformas.
02

Etiquetado, reglas y conciliación automatizados

We conduct regular and thorough Security & Awareness training for all employees.
03

Full data privacy

Our application only ever requires 'read-only' access to your data.