Key takeaways
- Exodus does not report directly to HMRC.
- HMRC can still trace Exodus transactions through blockchain analysis, with even more visibility coming under CARF in 2026.
Cryptocurrency exchanges around the world are starting to report more and more information to government agencies. In this guide, we analyze Exodusâs tax reporting policies within United Kingdom. Weâll also break down a simple way to report your Exodus taxes in minutes.
What is Exodus?
Exodus is a non-custodial wallet for desktop and mobile that supports hundreds of cryptocurrencies, NFTs, and in-wallet swaps.Â
Exodus does not require Know Your Customer (KYC) verification. However, you may be asked to verify your identity if you use Exodusâs third-party exchange services.Â
While Exodus doesnât send tax forms, itâs likely that the HMRC can trace your crypto activity.
Does Exodus report to HMRC?
No. Exodus does not share data with HMRC or issue tax forms.
That being said, itâs likely that your Exodus wallet can be linked to your identity.Â
- Blockchain visibility: All transactions on Exodus and other wallets are publicly visible on the blockchain. If youâve transferred crypto from an exchange with KYC, itâs likely that the HMRC can identify you. â
- CARF in 2026: UK-based exchanges and custodial wallets will begin collecting and reporting detailed transaction data to HMRC under the Crypto Asset Reporting Framework (CARF) in 2026. While the rules donât apply to wallets like Exodus, these rules will give the HMRC more data to identify âanonymousâ wallets.
If I use Exodus in the UK, do I owe taxes?
Yes. Crypto activity in Exodus is subject to tax in the UK.
- Capital gains: Selling, swapping, or spending crypto triggers capital gains tax.Â
- Income: Rewards from staking, mining, and airdrops are taxable as income at time of receipt.Â
Transferring crypto between your own wallets is not taxable.
Does Exodus have KYC?
Exodus does not require KYC. You may be asked to verify your identity if you use Exodusâs third-party exchange service.Â
Is Exodus legal in the UK?
Yes. Exodus is legal to use in the UK.Â
You should report your taxable income from Exodus, especially as HMRCâs access to crypto data is set to expand under CARF.
How do I avoid Exodus taxes in the UK?
While you canât legally evade taxes, there are steps you can take to reduce your tax bill:Â
- Tax-loss harvesting: By selling your crypto at a loss, you can offset capital gains and reduce your tax bill. â
- Use crypto tax software: Crypto tax software like CoinLedger tracks your activity from Exodus and other platforms and helps you find your biggest tax-saving opportunities.
Get a Exodus tax report today
Looking for a simple way to report your Exodus taxes? With CoinLedger, you can import your Exodus transactions and auto-generate a complete gains, losses, and income tax report in minutes.
CoinLedger integrates with Exodus 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.
