How to Do Your ByBit Taxes

How To Do Your ByBit Taxes

CoinLedger imports ByBit data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.

on this page

ByBit Tax Reporting

You can generate your gains, losses, and income tax reports from your ByBit investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.

ByBit exports a complete Transaction History file to all users. Simply navigate to your ByBit account and download your transaction history from the platform.
Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

ByBit Tax Reporting

ByBit supports importing data via read-only API. This allows automatic import capability so no manual work is required.
Connect CoinLedger to your ByBit account with the read-only API.
Let CoinLedger import your data and automatically generate your gains, losses, and income tax reports.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

ByBit Tax Reporting

You can generate your gains, losses, and income tax reports from your ByBit investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:

Automatically sync your ByBit account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
Upload your ByBit Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from ByBit and import it into CoinLedger

Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

ByBit Tax Reporting

Automatically sync your ByBit account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
Upload a ByBit Transaction History CSV file to CoinLedger

ByBit Tax Reporting

Navigate to your ByBit account and find the option for downloading your complete transaction history.
Import your transaction history directly into CoinLedger by mapping the data into the preferred CSV file format.
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

How Cryptocurrency Taxes Work

Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate.

Just like these other forms of property, cryptocurrencies are subject to capital gains and losses rules, and you need to report your gains, losses, and income generated from your crypto investments on your taxes.

For a complete and in-depth overview, please refer to our Complete Guide to Cryptocurrency Taxes.

How To Do Your Crypto Taxes

To do your cryptocurrency taxes, you need to calculate your gains, losses, and income from your cryptocurrency investments in your home fiat currency (e.g. US Dollar, Australian Dollar, etc.).

Once you have your calculations, you can fill out the necessary tax forms required by your country. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes.

Why Can't ByBit Generate My Tax Forms?

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of ByBit. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with ByBit's reporting is that it only extends as far as the ByBit platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of ByBit, ByBit can't provide complete gains, losses, and income tax information.

How Does Cryptocurrency Tax Software Help?

By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CoinLedger’s cryptocurrency tax software and crypto portfolio tracker are able to track your profits, losses, income, and generate accurate tax reports in a matter of minutes.

You can test out the software and generate a preview of your gains and losses completely for free by creating an account.

Learn more about how CoinLedger works here.

Whether you file by hand or use crypto tax software, doing your Bybit taxes comes down to four steps:

Gather your full Bybit transaction history: every buy, sell, trade, deposit, and withdrawal.
Sort your transfers. Moving crypto between your own wallets is not taxable, but crypto that comes in as income (like staking or referral rewards) is.
Calculate your capital gain or loss on each disposal, plus the value of any crypto income at the time you received it.
Report it on the right forms. In the US, capital gains go on Form 8949 and Schedule D, and crypto income goes on Schedule 1. These forms get included with your full tax return. Other countries have their own equivalents.

For a detailed explainer on reporting crypto from any exchange, see our guide on how to report your cryptocurrency on your taxes.

For most people the hard part of doing your Bybit taxes is steps 1 and 2. If you have ever moved crypto between Bybit and another wallet or exchange, Bybit can only see part of your history, so the totals it shows you can be incomplete.

That is where crypto tax software comes in. CoinLedger connects Bybit to every other wallet and exchange you have used, reconstructs your full history, and generates your tax forms automatically. More than 700,000 investors use it to file in minutes. Get started with a free account today, or keep reading to do it yourself.

Do you have to pay taxes on Bybit?

Yes. In the US and most other countries, your Bybit activity is subject to two kinds of tax:

Capital gains tax. When you dispose of cryptocurrency (selling it, trading one coin for another, or spending it), you recognize a capital gain or loss based on how the price changed since you received it.
Income tax. When you earn cryptocurrency (through staking, referral, or other rewards), you recognize ordinary income equal to its fair market value at the time you received it.

For a full breakdown, read our complete guide to cryptocurrency taxes.

What tax forms does Bybit provide?

Bybit does not operate in the United States, and it does not issue any US tax forms. As an offshore exchange with no US entity, it does not send a Form 1099-DA, 1099-MISC, or 1099-B.

That does not mean your Bybit activity is tax-free. US taxpayers owe tax on all of their Bybit gains and income and must self-report it, whether or not they ever receive a form. If you hold significant assets on Bybit, you may also have foreign-account reporting obligations (for example FATCA Form 8938); check with a tax professional if that could apply to you.

Does Bybit report to the IRS?

Bybit no longer operates in the United States and likely does not report to the IRS. Even so, offshore exchanges are moving into scope of the OECD's Crypto-Asset Reporting Framework (CARF) and the EU's DAC8, both live from January 1, 2026, a global tax-data-sharing regime whose information can ultimately reach tax authorities through information-exchange agreements. (The US relies on its own 1099 reporting rather than CARF.)

The takeaway: a missing form does not remove your obligation to report. You owe tax on your Bybit gains and income regardless.

Why isn't my Bybit tax report accurate?

Bybit can only see the activity that happens on Bybit. Because investors regularly transfer crypto between wallets and exchanges, Bybit cannot see the original cost basis of coins you moved in from somewhere else, so it cannot calculate your gain or loss correctly.

Example: why transfers break your cost basis

Priya buys $2,000 of ETH on another exchange. She transfers it to Bybit, then later sells it for $2,600 on Bybit.

Bybit only sees the $2,600 sale, not the $2,000 Priya originally paid. Without her cost basis, Bybit cannot tell whether she had a gain or a loss.

The fix is to bring every wallet and exchange into one place so your cost basis follows your crypto across platforms. That is exactly what crypto tax software like CoinLedger does.

What about derivatives?

Bybit is primarily a derivatives venue, but CoinLedger's automatic import currently brings in your Bybit spot trades. Perpetual and futures transactions are not supported by the import, so if you traded derivatives on Bybit you will need to reconcile that profit and loss separately. Because the tax treatment of crypto perpetuals is complex and unsettled, you may want to work with a crypto tax professional to report them correctly.

How to file your Bybit taxes in minutes

With CoinLedger, you can import your Bybit history and generate your crypto tax forms in a few minutes. There are two ways to connect: an automatic import, or a file upload.

Option 1: Automatic import (API)

In Bybit, open the profile menu, go to API, then API Management, and click Create New Key. Choose System-Generated API Keys.
Set the key permissions to Read-Only. Under Trade, select Unified Trading; under NFT, select NFT products and transaction history; and check the Assets box. Submit and confirm with 2FA.
Copy your API Key and Secret. In CoinLedger, go to Add Account, choose the Bybit tab, click Auto-Import, paste both, and click Sync Transactions.

Bybit read-only keys expire after about three months, so you may need to generate a new key to sync again later.

Option 2: File upload (CSV)

In Bybit, go to Orders, then Unified Trading Order, and under Spot choose Trade History.
Use Customize to set your date range and export the file. Bybit limits each export to a six-month range, so download multiple files to cover your full history.
In CoinLedger, go to Add Account, choose the Bybit tab, and click Upload File. Do not open or edit the file first.

Full steps are in our Bybit API import guide and Bybit file import guide.

Once your transactions are in, CoinLedger matches your transfers, calculates your gains, losses, and income, and produces a complete tax report. You can file it yourself, hand it to your tax professional, or import it into TurboTax, TaxAct, or H&R Block.

Get started with CoinLedger today

Take the stress out of tax season. More than 700,000 investors around the world use CoinLedger to track their gains, losses, and income across all of their wallets and exchanges.