AltCoinTrader Tax Guide

Risk Disclaimer >>
Ad disclosure CryptoGlobally is committed to guiding you in making well-informed financial choices. We collaborate with experts to deliver the latest news and details. When you click on specific links, sponsored content, items, services, forward leads to brokers, or ads, we might get a reward. We ensure that our visitors face no setbacks when using our site. Please understand that the data on our site shouldn't be considered as binding legal information, tax counsel, investment guidance, financial recommendations, or any other expert counsel. Our material is purely for informational use. If you're uncertain, it's best to consult an independent financial expert.

How to calculate tax on AltCoinTrader

Crypto tax calculators allow users to upload data directly from AltCoinTrader, allowing for easy calculation of AltCoinTrader taxes. AltCoinTrader has a CSV history download feature that enables users to manually import their transaction history files into a crypto tax calculator. This functionality allows for a more streamlined and precise calculation of cryptocurrency trades and transactions, making it simpler for users to track their tax obligations. 

How do I use CSV to import AltCoinTrader data?

  • Sign in to your AltCoinTrader account.
  • Click on history which can be found at the top of your home screen, and select trades
  • After selecting trades, there will be a history menu option by the left side of your screen. You will be required to choose the crypto pair history you would like to download.
  • Click the ‘Export CSV’ which is found in the upper right corner of the your screen, this will allow you download your CSV files.

AltCoinTrader Fees

AltCoinTrader charges 0.75% buying and selling fees and 0.01% trading fees.

Deposit and Withdrawal fees

Currency NameWithdrawal feeDeposit Fee
Bitcoin (BTC)0.00015792 BTCNo deposit Fee
Ethereum (ETH)BSC – 0.000110652 ETH
ERC20 – 0.0090825
MATIC – 0.00054815
No deposit fee
Solana (SOL)0.015 SOLNo deposit fee
USD Tether (USDT)BSC – 2.63884803 USDT
ERC20 – 25.36166875 USDT
No deposit fee
South African Rand (ZAR)R16 and 0.5% max of R950.5% max of R95EFT and cash deposit fees are decided by banks.5% extra fee on cash deposits. Banks also determine the fees on international deposits.
BNB (BNB)0.00712600 BNBNo deposit fee
Cardano (ADA)1 ADANo deposit fee
Polkadot (DOT)0.075 DOTNo deposit fee
Dogecoin (DOGE)8 DOGENo deposit fee
Polygon (MATIC)ERC20 – 21.50184436 MATIC
BSC – 2.12956398 MATIC
Polygon – 1.01463120 MATIC
No deposit fee
USD Coin (USDC)ERC20 – 15.35626536 USDC
BSC – 2.25 USDC
Polygon – 2.25 USDC
No deposit fee
Litecoin (LTC)0.02 LTCNo deposit fee
LINK (LINK)2.444210229 LINKNo deposit fee
Bitcoin Cash SV0.01 BCHSVNo deposit fee
Bitcoin Gold (BTG)0.02 BTGNo deposit fee
Bitcoin Cash (BCH)0.005 BCHNo deposit fee
Ripple (XRP)1 XRPNo deposit fee
Stellar Lumens (XLM)2 XLMNo deposit fee
Tron (TRX)8 TRXNo deposit fee
SHIB (SHIB)BSC – 463327.16134
ERC20 – 1748225.5520197 SHIB
No deposit fee
Namecoin (NMC)0.5 NMCNo deposit fee
Dash (DASH)0.01 DASHNo deposit fee
Monero (XMR)0.008 XMRNo deposit fee
ZCash (ZEC)0.01 ZECNo deposit fee
NEO (NEO)No withdrawal feeNo deposit fee
GAS (GAS)No withdrawal feeNo deposit fee
BitTorrent (BTT)500000 BTTNo deposit fee
Krugerrand (XAU)Dynamic feeNo deposit fee
Silver (XAG)Dynamic feeNo deposit fee
South African Tether (XZAR)Polygon – 20.29540398
ERC20 – 438.50179979
No deposit fee
Basic Attention Token (BAT)47.37445571 BATNo deposit fee
Compound (COMP)0.38471537 COMPNo deposit fee
DAI (DAI)25.97087266 DAINo deposit fee
Songbird (SGB)4 SGBNo deposit fee
Ethereum POW (ETHW)0.115 ETHWNo deposit fee
Flare (FLR)18 FLRNo deposit fee

How does AltCoinTrader Tax work?

Crypto exchanges are not responsible for calculating users’ taxes; users are responsible for tracking their crypto transactions and making all relevant tax self-assessment reports to the designated authority. If you trade cryptocurrencies using AltCoinTrader, you can be subject to capital gains tax (CGT). CGT is a tax levied on the profits from the sale of assets, including cryptocurrencies. The CGT rate fluctuates from 0% to 50% based on location and tax bracket.

When calculating your capital gains tax, it is important that you keep track of the date and value of your cryptocurrency transactions, as well as all the costs and fees incurred. This information will be used to calculate the loss or profit from each transaction and the amount to be paid as CGT.

It’s essential to keep in mind that losses incurred from crypto trading can be deducted from future earnings, thus lowering possible tax obligations. If you have further tax-related questions, kindly consult a tax professional.

Risk Disclaimer

CryptoGlobally aims to offer impartial and trustworthy data on cryptocurrency, finance, trading, and shares. Yet, we can't give financial guidance and encourage individuals to conduct their own studies and thorough checks.

Leave a Reply

Your email address will not be published. Required fields are marked *