How do I connect my Waves Exchange account to CoinTracker?
To add your Waves Exchange transactions to CoinTracker:
Download the CSV export of your transactions from Waves Exchange
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
How are Waves Exchange transactions taxed?
All transactions on Waves Exchange are taxable under most jurisdictions' crypto tax frameworks.
Capital gains tax: Applies when you sell, trade, or swap tokens (including WAVES, USDN, and other assets on the Waves blockchain). The gain or loss is the difference between your sale price and cost basis.
Income tax: Applies when you earn crypto through staking, liquidity pools, or airdrops. The market value of the crypto at the time you receive it is treated as income.
CoinTracker automatically calculates both your capital gains and crypto income from Waves Exchange and consolidates them with your other wallets and exchanges.
Do I have to pay taxes on Waves Exchange?
Yes. You are required to pay taxes when you dispose of or earn crypto on Waves Exchange.
Examples of taxable events include:
Selling WAVES or tokens for fiat
Swapping WAVES for another cryptocurrency
Earning staking rewards or yields
Redeeming liquidity pool tokens
Simply holding crypto is not taxable, but every disposal or reward must be reported.
CoinTracker simplifies this by automatically identifying and categorizing each taxable event.
Does Waves Exchange provide tax documents?
Yes. Waves Exchange allows you to export your transaction history in CSV format, including spot trades, staking activity, and transfers.
While the platform does not issue official IRS forms (such as 1099s), users can connect their Waves Exchange account to CoinTracker to automatically generate tax reports for the IRS, ATO, CRA, or other regional authorities.
How to get your Waves Exchange tax documents
Log in to your Waves Exchange account.
Go to Portfolio → History → Export Data.
Choose your date range or full account history.
Download your CSV export.
Upload it to CoinTracker, or connect via API (if available) to sync your Waves data automatically.
When does Waves Exchange issue Form 1099-MISC?
Waves Exchange does not issue Form 1099-MISC, as it is a decentralized, non-U.S.-based platform.
However, users who earn staking income or rewards are still responsible for reporting that income at its fair market value.
CoinTracker automatically tracks these events and includes them in your income reports.
When does Waves Exchange issue Form 1099-B or 1099-DA?
Currently, Waves Exchange does not issue Form 1099-B or Form 1099-DA.
However, under new U.S. crypto broker regulations, if Waves Exchange integrates with reporting frameworks (like CARF or 1099-DA) in the future, CoinTracker will support those reports seamlessly.
When does Waves Exchange issue Form 1099-K?
Waves Exchange does not issue Form 1099-K, as it operates in a decentralized model outside traditional financial intermediaries.
You can still use CoinTracker to generate all relevant tax summaries, regardless of the lack of exchange-issued forms.
Why aren't my Waves Exchange documents accurate?
Waves Exchange reports may exclude certain activities, such as:
Staking rewards auto-compounded in smart contracts
Off-platform transfers or DeFi interactions
External swaps or NFT transactions on Waves-based apps
CoinTracker aggregates all your on-chain and off-chain activity so your tax report reflects every transaction accurately.
Does Waves Exchange automatically deduct taxes?
No. Waves Exchange does not withhold or remit taxes for users.
You are responsible for calculating and paying taxes on your earnings and gains.
CoinTracker simplifies this process by generating Form 8949, Schedule D, and region-specific tax summaries automatically.
Does Waves Exchange report to tax authorities?
No. Waves Exchange operates as a non-custodial and decentralized trading platform, so it does not directly report user data to tax authorities.
However, you are still legally required to declare your crypto activity.
CoinTracker ensures that all your Waves transactions are reported correctly and consistently with your global portfolio.
Does Waves Exchange provide financial or end-of-year statements?
Yes. You can download end-of-year summaries and transaction CSVs directly from your account history.
Import these files into CoinTracker to create full tax summaries, including realized gains, staking income, and total portfolio performance.