Does Tangem Wallet report to HMRC?

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Tangem Wallet

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Key takeaways

Tangem Wallet does not report directly to HMRC.
HMRC can still trace Tangem activity through blockchain analysis.

Cryptocurrency exchanges around the world are starting to report more and more information to government agencies. In this guide, we analyze Tangem Wallet’s tax reporting policies within United Kingdom. We’ll also break down a simple way to report your Tangem Wallet taxes in minutes.

What is Tangem Wallet?

Tangem is a hardware wallet that stores hundreds of cryptocurrencies and is designed to look like a bank card. You can also use Tangem’s mobile app to manage your digital assets.

Tangem does not collect Know Your Customer (KYC) information and does not issue tax forms. However, your cryptocurrency activity could be linked to your identity if you’ve moved funds between Tangem and an exchange registered in the UK.

Does Tangem Wallet report to HMRC?

While Tangem doesn’t share customer information with the HMRC, your transactions can likely be linked to your identity.

Blockchain transparency: Blockchain transactions on Tangem and other platforms are publicly visible. The HMRC can follow transaction trails to link wallet addresses with known investors. ‍
CARF in 2026: The Crypto-Asset Reporting Framework (CARF) will require UK-based exchanges and custodial wallets to send detailed transaction data to HMRC starting in 2026. This will likely make it easier for the agency to identify ‘anonymous wallets’.

If I use Tangem Wallet in the UK, do I owe taxes?

Yes. Crypto activity on Tangem is subject to tax in the UK.

Capital gains: Selling, swapping, or spending crypto can trigger Capital Gains Tax if gains exceed your annual allowance.
Income: Staking, mining, and airdrops are taxed as income upon receipt.

Moving crypto between your own wallets is not taxable.

Does Tangem Wallet have KYC?

No. Tangem doesn’t require ID to set up or use.

Is Tangem Wallet legal in the UK?

Yes. Tangem is legal to use in the UK.

You are legally required to report taxable crypto activity on Tangem and other platforms to HMRC.

How do I reduce my UK taxes from Tangem activity?

While you can’t evade your taxes, there are steps you can take to legally reduce your taxes:

Tax-loss harvesting: By selling crypto at a loss, you can offset capital gains. Some investors choose to intentionally take losses for tax benefits! ‍
Crypto tax software: Crypto tax software like CoinLedger allows you to save time filing your taxes and spot your biggest tax-saving opportunities.

Looking for a simple way to report your Tangem Wallet taxes? With CoinLedger, you can import your Tangem Wallet transactions and auto-generate a complete gains, losses, and income tax report in minutes.

CoinLedger integrates with Tangem Wallet and dozens of other wallets, blockchains, and cryptocurrency exchanges to automate the entire crypto tax reporting process.

You can get started with a free preview report today.