How do I connect my Bit2C account to CoinTracker?
To add your Bit2C transactions to CoinTracker:
Download the CSV export of your transactions from Bit2C
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
How are Bit2C transactions taxed?
Crypto activity on Bit2C — including spot trades and ILS conversions — is taxable under Israeli and global tax laws.
Capital Gains Tax
Triggered when you:
Sell crypto for ILS
Trade one cryptocurrency for another
Transfer appreciated crypto and realize a disposal
Pay fees in crypto
Israel Tax Authority (ITA) treats crypto as a capital asset, meaning gains are taxable (often at 25% for individuals).
Income Tax
Applied when you receive:
Airdrops
Promotional rewards
Referral bonuses
Mining income sent to Bit2C wallet addresses
The fair market value of the asset at receipt is taxable income.
CoinTracker automatically categorizes Bit2C transactions as capital gains or income based on tax rules for your country.
Do I have to pay taxes on Bit2C?
Yes. You must report all activity on Bit2C, including:
Buying and selling crypto for ILS
Converting crypto to other assets
Receiving crypto rewards or bonuses
Transfers in/out linked to gains or income
Fees paid in crypto
CoinTracker consolidates all this activity to produce a complete, accurate tax report.
Does Bit2C provide tax documents?
Partially. Bit2C provides:
Trading history CSV exports
Deposit/withdrawal logs
ILS transaction records
But Bit2C does not issue:
U.S. 1099-MISC
U.S. 1099-B
HMRC CGT statements
ATO summaries
CoinTracker converts your CSVs into complete tax reports automatically.
How to get your Bit2C tax documents
Log in to your Bit2C account.
Go to Account → Reports / Trade History.
Export the following CSVs:
Trade history (crypto ↔ ILS)
Crypto-to-crypto trades
Deposit history
Withdrawal history
Choose a full tax-year range (January 1 to December 31).
Upload them to CoinTracker:
Add Account → Bit2C → Upload CSV
When did Bit2C issue official tax forms?
Bit2C did not issue governmental tax forms like:
1099s (U.S.)
HMRC summaries
ITA capital gains certificates
Users must manually report all crypto disposals.
CoinTracker generates all equivalents:
Form 8949 & Schedule D (U.S.)
UK Capital Gains Summary
ATO CGT calculations
ITA-compatible gain/loss summaries
based on your Bit2C data.
Why aren't my Bit2C reports accurate?
Common issues include:
Missing crypto-to-crypto trades
Deposits or withdrawals not exported
Trading fees paid in crypto not included
ILS conversions missing date/price info
External wallet activity not matched
CoinTracker fixes this by:
Matching transfers to/from wallets
Filling gaps with historical pricing
Reconciling ILS and crypto values
Auto-calculating missing cost basis
Does Bit2C automatically deduct taxes?
No. Bit2C does not collect or withhold taxes on behalf of users.
You are responsible for reporting:
Capital gains
Crypto income
Mining or business activity (if applicable)
CoinTracker simplifies this by calculating everything automatically.
Does Bit2C report to tax authorities?
Bit2C is a regulated Israeli exchange, which means:
It complies with AML/KYC laws
It may share information with the Israel Tax Authority (ITA) upon request
CoinTracker ensures your tax filings align accurately with your exchange-reported data.
Does Bit2C provide financial or end-of-year statements?
Yes. You can export:
Yearly trading statements
Deposit/withdrawal summaries
ILS conversion logs
Import these into CoinTracker for automated capital gains, income, and portfolio valuation reports.