Germany Crypto Tax 2025: A Complete Guide

By: WEEX|2025-10-13 00:52:47
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Navigating the complex world of cryptocurrency taxation in Germany is essential for investors, traders, and anyone earning or utilizing digital assets. As the adoption of cryptocurrencies continues to accelerate, German taxpayers face a patchwork of regulations, exemptions, and compliance obligations that impact their holdings and profits. This comprehensive 2025 guide covers every crucial aspect of crypto tax in Germany—from basics of taxable events, current rates, and loss treatment to DeFi, NFTs, mining, recordkeeping, and reporting obligations. Real-world examples, tables, and clear explanations throughout ensure you’re empowered to make informed, tax-efficient decisions.

Do You Pay Cryptocurrency Taxes in Germany?

Yes, cryptocurrency is subject to tax in Germany under a well-defined regulatory framework. Whether you are an individual investor, a day trader, or involved in crypto mining or decentralized finance (DeFi), the German tax authority—the Bundeszentralamt für Steuern (BZSt)—requires the reporting of certain crypto activities.

Which Activities Trigger Crypto Tax in Germany?

You are generally required to pay taxes on cryptocurrency in Germany if you:

  • Sell, swap, or spend crypto assets held for less than one year (short-term capital gain/loss events)
  • Earn cryptocurrency as income (for example, through mining, staking, referral bonuses, or airdrops)
  • Receive other forms of digital asset income that exceed annual exemption thresholds
  • Trade crypto-to-crypto or dispose of NFTs in under a year

Conversely, the following actions do not generally trigger tax:

  • Purchasing cryptocurrencies with euros or other fiat currency
  • Simply holding cryptocurrencies for more than one year before disposal
  • Transferring crypto between wallets you own
  • Receiving airdrops with no action or service provided
  • Gifting crypto below certain thresholds

Taxable Events Table

Crypto Activity

Taxable Event?

Tax Type

Notes

Buying crypto with EURNoNoneTax-free
Holding crypto >1 yearNoNoneLong-term holders enjoy tax-free disposal
Selling crypto <1 year (gain > €1000)YesIncome TaxShort-term gains above annual threshold subject to Income Tax
Spending crypto <1 yearYesIncome TaxDisposing of crypto (e.g., buying coffee) considered a taxable event if profit > €1000
Earning crypto from mining/stakingYesIncome TaxTaxed as income if annual value > €256
Crypto received as a gift below thresholdNoNoneUp to €20,000 (friends) / €500,000 (spouses) over 10 years
Receiving an airdrop (no service)NoNonePassive airdrops tax-free; service-based are taxable
Trading NFTs <1 yearYesIncome TaxNFTs treated similarly to other private assets
DeFi rewardsYesIncome TaxIf annual additional income > €256

Understanding whether your activity is taxable is the first step in compliance—and in leveraging Germany’s favorable long-term tax rules.

How Much Tax Do You Pay on Crypto in Germany?

The tax you pay on your crypto gains or crypto income depends on what exactly you did with your crypto assets, how long you held them, and your individual income level.

Taxation of Short-term Capital Gains

If you sell, swap, or spend cryptocurrency that you have held for less than one year, you may need to pay Income Tax on the gains, provided your gains across all such activities exceed €1,000 for the year (the net exemption threshold as of 2024 and continuing into 2025).

Example:
Suppose you buy 0.1 BTC for €1,000 in February 2025 and sell it in September 2025 for €2,500. Your gain is €1,500. Because the gain exceeds the €1,000 threshold and the BTC was held for less than one year, the €1,500 is subject to Income Tax at your personal applicable rate.

Taxation of Long-term Gains

If you hold cryptocurrency for more than one year before selling, swapping, or spending it, those capital gains are completely tax-free, regardless of amount or income level. This makes Germany one of the most favorable jurisdictions in Europe for long-term crypto holders.

Example:
You purchased 2 ETH for €800 each in January 2022 and sell them in March 2025 for €5,000 each. Since you owned the ETH for more than one year, there is no tax on your impressive profit.

Taxation of Crypto Earned as Income

Crypto earned via mining, staking, referral bonuses, or as payment for goods/services is taxed as income at the time you receive it. If your total additional income from such sources exceeds €256 in a year, the entire amount is subject to Income Tax.

Example:
You earn 0.05 ETH through staking in 2025. At the time you receive each reward, the fair market value (in EUR) must be declared as income. If your total staking rewards exceed €256 for the year, these must be reported and taxed at your marginal rate.

Summary Table: Crypto Tax Scenarios and Treatments

Scenario

Held <1 year

Held >1 year

Tax Type/Rate

Capital gain from sale >€1,000TaxableTax-freeIncome Tax (per rate table below)
Capital gain from sale ≤€1,000Tax-freeTax-freeNone
Additional crypto income >€256 (mining, staking)TaxableTaxableIncome Tax (at receipt)
DeFi/NFT reward (annual gain >€256)TaxableTaxableIncome Tax
Earnings/gifts within exemptionTax-freeTax-freeNone

Tax Rate Application

Short-term capital gains and income are added to your regular taxable income and taxed according to the progressive German Income Tax system (see table below).

Can the Bzst Track Crypto?

The Bundeszentralamt für Steuern (BZSt) increasingly possesses the tools and data sources necessary to monitor and track cryptocurrency activities:

  • Access to European and domestic exchanges: Under EU directives (notably DAC-8, effective January 2026), both German and European crypto platforms are required to collect and share detailed user data and transaction records with financial authorities.
  • Cooperation with other jurisdictions: Automated exchange of tax information between EU member states (and beyond) supports cross-border compliance.
  • Advanced analytics: The BZSt employs sophisticated blockchain analysis tools to trace addresses, track wallet movements, identify links between wallets and individuals, and reconstruct transaction histories.

What does this mean for German crypto users?
Any attempt to hide or fail to report taxable crypto activity could result in queries, audits, or penalties. For full compliance and peace of mind, accurate recordkeeping and thorough reporting are essential.

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How Is Crypto Taxed in Germany?

German law regards cryptocurrency as a private asset—not as property or a financial security. This classification shapes the taxation treatment, exemptions, and reporting required.

Principle: Speculative vs. Long-term Holding

Germany distinguishes between private asset speculative transactions (under one year) and long-term holding (over one year):

  • Speculative/short-term: Assets disposed within one year may generate taxable income.
  • Long-term: Assets disposed after over one year are tax-exempt.

Additionally, receiving cryptocurrency as income—such as mining, staking, or working for crypto—invokes standard income tax regardless of holding periods.

Tax Treatment of Major Crypto Activities

Activity

Taxable?

Tax Type / Timing

Example

Selling crypto <1 yearYes (if gain >€1,000)Income TaxSell 1 ETH for €3,000 after buying for €2,000: €1,000 taxable gain
Selling crypto >1 yearNoNoneSell after 1+ year holding: tax-free
Mining/staking rewards >€256YesIncome Tax (at receipt)Earn 0.2 BTC via mining, valued at €10,000: taxed as income at €10,000
DeFi earning rewardsYes (if >€256)Income Tax (at receipt)Collect DeFi yield farming rewards: taxed on euro value at receipt
NFT creation/sale <1 yearYes (for creators/traders)Income/Speculative TaxMint and sell NFT for 3 ETH: proceeds taxed as income (for creators) or speculative gain (for traders)
Receiving airdrop for action/serviceYesIncome Tax (at receipt)Airdrop requiring social media post: value counts as taxable income
Receiving airdrop passivelyNoNoneNo action required: no income is recognized, thus tax-free
Crypto gifted below limitNoNoneGift crypto worth €15,000 to a friend: tax-free if below exemption
Gift above exemptionYesGift TaxGift €600,000 to spouse: €100,000 taxed at 7–50%

Technical Detail: FIFO and Cost Basis

Germany’s preferred cost basis method is FIFO (First-In, First-Out), meaning the first coins acquired are the first considered sold. Since 2022, wallet-by-wallet analysis is also required, and for 2025, average euro market prices may be used for determining gains, offering slight flexibility where transaction price data is incomplete.

Examples: Taxable Scenarios

Trading stablecoins:
Sold USDT, acquired within the past 9 months, for profits of €2,000—taxable as income.

Selling staked crypto:
Sold coins earned via staking after 11 months—taxable as income, but if held for over 12 months post-staking, the profit is tax-free.

Receiving an NFT royalty (as creator):
Royalties from NFT sales are generally considered income and must be declared; sellers should maintain transaction detail records.

Germany Income Tax Rate

Germany employs a progressive Income Tax rate, impacting both regular income and short-term crypto gains. A solidarity surcharge (Solidaritätszuschlag) is assessed as an additional percentage of the income portion above a defined threshold.

2025 Income Tax Rate Table

Taxable Income (Single)

Married

Base Rate

Notes

€0 – €11,604€0 – €23,2080%Below tax-free allowance
€11,604 – €66,760€23,208 – €133,52014 % – 42%Progressive increase
€66,761 – €277,825€133,521 – €555,65042% 
> €277,825> €555,65045%Highest marginal rate

Solidarity Tax (Solidaritätszuschlag): 5.5% on top of income tax, but largely reduced or phased out for most taxpayers below certain income thresholds.

Tax-Free Allowance and Exemptions

  • Tax-free allowance (Grundfreibetrag): €11,604 for singles, €23,208 for married couples (2025)
  • Short-term capital gain exemption: €1,000 annual net gain (applies to speculative gains)
  • Crypto additional income exemption: €256 (mining, staking, DeFi rewards, etc.)

Illustration: Tax Due on Crypto Gains (2025)

Scenario

Tax Calculation

Example Amount

Applicable Tax Rate

Solidarity Tax?

Short-term gain (€3,000), income €60,000Gains added to income€3,00042%Yes
Long-term gain (>1 year)No tax owed€50,0000%No
Staking rewards (€700/year)Added to taxable income€700According to bracketYes or No
Crypto income total <€256None due€2520%No

Crypto Losses in Germany

Managing crypto losses wisely can offer significant tax relief within Germany’s framework, particularly for active traders.

Offset of Crypto Losses

  • Short-term losses (assets sold/disposed within 1 year): Losses can be used to offset short-term capital gains from other crypto disposals in the same year or carried forward to future years.
  • Long-term losses (assets held >1 year): Cannot be used to offset any other gains.
  • Losses not offset in the current year: Must be reported to be carried forward. This ensures the ability to use losses for reductions in future tax years.

Lost or Stolen Crypto

In cases of loss due to theft, scams, or exchange collapse, you may be eligible to declare a loss provided you supply robust documentation including wallet addresses, acquisition/loss dates, cost, proof of wallet control, and evidence of efforts made to recover the assets. Losses from failed platforms (like FTX or Celsius) may only be claimed after bankruptcy proceedings are concluded.

Example Table: Loss Offset Scenarios

Scenario

Offset Allowed?

Action Required

Sold ETH below purchase price (<1 year)YesOffset against gains; report loss
Lost tokens in wallet hackYes (with proof)Document and report
Long-term losses on coins held >1 yearNoNot deductible
Losses in excess of gainsYes (carry forward)Carry loss into next tax year

Defi Tax

Decentralized Finance activities broaden your earning potential, but also introduce nuanced tax obligations in Germany.

Earning Rewards via DeFi

If you receive new tokens through staking, liquidity mining, or yield farming in DeFi platforms, these are considered “cryptocurrency income”:

  • If annual total DeFi income > €256: Entire amount must be reported as Income Tax.
  • Receiving less than €256/year: Entire amount is tax-free.

Liquidity Pools and Decentralized Lending

When providing liquidity or loaning funds, the tax treatment depends on what you earn and how long you hold resulting tokens:

  • Rewards: Taxed as income upon receipt.
  • Disposals of DeFi rewards: If held less than one year, gains are taxed as income; held more than one year, disposal is tax-free.

No Specific BZSt DeFi Rules—Apply Standard Crypto Principles

As of 2025, the German tax authority has not issued unique regulations for DeFi activities. The general private asset and additional income rules apply.

DeFi Tax Scenario Table

DeFi Activity

Income Tax on Rewards

Tax on Disposal <1yr

Tax on Disposal >1yr

Staking tokens (reward < €256)NoNoNo
Staking tokens (reward > €256)YesYes (if disposed <1yr)No (if disposed >1yr)
Liquidity mining/yield farmingYes (on new tokens)Yes (on gain)Tax-free (after 1yr)

Weex: a Reliable Platform for Crypto Enthusiasts

As you manage your cryptocurrency investments and tax obligations, choosing a secure and innovative exchange is essential. WEEX stands out by providing robust security features, a user-friendly platform, and a commitment to regulatory compliance. Whether you’re a beginner or a seasoned professional, WEEX makes buying, selling, and tracking your crypto simple and reliable. Their dedication to transparent operations helps you stay ahead of compliance and reporting demands.

Calculating Your Taxes: the Weex Crypto Tax Calculator

Staying compliant with German crypto tax laws means keeping accurate records and timely filings. The WEEX Tax Calculator streamlines this process by automatically calculating your crypto tax obligations based on your transaction history.

Managing your crypto tax calculations can be challenging, especially with hundreds of transactions across wallets, DeFi protocols, and multiple exchanges. The WEEX Tax Calculator is a cutting-edge tool designed to simplify the process for Swedish investors. The calculator helps automate capital gains, cost basis calculations, and even integrates local tax rates to give you clear estimates of your tax liability.

Disclaimer: The WEEX Tax Calculator is intended for informational purposes only. Calculations may not cover every unique personal situation, and results should be verified against your full transaction history. Always consult a qualified tax professional or directly confirm with Skatteverket if your crypto activity is complex or you are in doubt.

Frequently Asked Questions

What cryptocurrencies are subject to tax in Germany?

Almost all cryptocurrencies—Bitcoin, Ethereum, stablecoins, DeFi tokens, NFTs—are subject to tax when they are disposedused, or received as income. Merely holding crypto is not taxable. 

How do I calculate my crypto tax liability?

You calculate your SEK-equivalent gains (or losses) at each taxable event. In Germany: for disposals (selling, swapping, spending), subtract your average cost basis from the value at disposal (in EUR). If held less than one year and gains exceed threshold, you pay Income Tax on the gain. 

When must I pay tax on crypto in Germany?

You pay tax when:

  • You dispose of crypto (sell, swap, spend) within one year of acquisition and exceed €1,000 net gain (Rule 23 EStG). 
  • You receive crypto as income (mining, staking, airdrops) above certain thresholds. 

Are any crypto transactions tax-free in Germany?

Yes. The following are generally tax-free events:

  • Disposing crypto after holding it for over one year.
  • Gifting crypto (within limits) 
  • Buying crypto with fiat (EUR)
  • Transferring between your own wallets
  • Receiving an airdrop without doing anything in return 
  • Selling staked/loaned crypto after more than one year

How are staking rewards and DeFi income taxed?

Staking rewards, yield farming rewards, and other DeFi income are treated as other income and taxed at your regular Income Tax rate. If you later dispose of the rewarded tokens, any additional gain is taxed under the standard disposal rules. 

How are losses from crypto treated in Germany?

Losses from crypto held less than one year may be offset against gains from crypto in the same year. However, losses on crypto investments cannot offset other types of income.

How do I report crypto on my German tax return?

You must declare crypto gains/losses in your income tax return (Einkommensteuererklärung). Use the relevant annex forms (Anlage SO, Anlage KAP) depending on whether income or capital gains apply. Keep detailed records—cost basis, dates, transaction values in EUR.

 

 

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Bear Market 2026: How to Survive and Thrive When Crypto Prices Fall

Is a Bear Market Coming in 2026?

The possibility of a 2026 crypto downturn is already shaping conversations across the market. Whether it arrives suddenly or unfolds gradually, bear markets are a recurring part of the cycle. Prices fall, sentiment weakens, and confidence gets tested.

But here's the thing history shows us: downturns also reward discipline and preparation. Surviving a bear market isn't about predicting the exact bottom. It's about protecting capital, staying rational, and positioning yourself for the eventual recovery.

This guide walks through exactly what to do in a bear market—practical steps to manage risk, build positions, and even generate crypto income while prices are down.

Read More: User Guide: What to Do in a Crypto Bear Market?

What Actually Happens in a Bear Market?

Before diving into strategy, let's understand what we're dealing with. A bear market is a prolonged period of declining prices, typically defined as a drop of 20% or more from recent highs. But in crypto, bear markets can be brutal—drawdowns of 70-80% aren't uncommon.

Key characteristics of crypto bear markets:

Extended price declines across most assetsLow trading volume and reduced liquidityNegative sentiment and media doom loopsProject failures and exchange turbulenceCapitulation events where weak hands sell at a loss

The good news? Bear markets eventually end. The traders who come out ahead aren't the ones who avoid every dip—they're the ones who manage risk effectively and stay in the game long enough for the next bull market to arrive.

How to Survive Bear Market: Essential StepsStep 1: Restructure Your Risk Management

The first step in any bear market survival guide is to reassess risk management. During bull markets, it's common for traders to loosen discipline. Profits accumulate easily, leverage becomes tempting, and stop losses may feel unnecessary. In a downturn, those habits can quickly become costly.

Review Your Portfolio Allocation

Start by looking at how much exposure you have to high-volatility assets compared to more established cryptocurrencies. Diversification doesn't eliminate risk, but it can reduce the impact of a sharp decline in any single token.

Position sizing is equally important. Smaller allocations per trade allow you to withstand multiple losses without damaging your overall capital. A good rule of thumb: never risk more than 1-2% of your account on a single position.

Refine Your Trading Plan

Define clear entry criteria and exit rules. Decide in advance where you'll reduce exposure if the market moves against you. A written plan helps prevent impulsive decisions when prices are swinging wildly.

Bear markets often include sharp relief rallies that can tempt traders into chasing momentum. These "dead cat bounces" can be traps. Stick to your plan.

Manage Liquidity

Holding some capital in stable assets gives you flexibility. It provides the ability to deploy funds when opportunities arise rather than being fully invested at unfavorable levels. In many cases, survival in a downturn depends less on how much you earn and more on how much you avoid losing.

Risk management during a bear market isn't defensive for its own sake. It's a strategy to ensure you remain active and capable of participating when the next growth phase begins.

Step 2: Build Long-Term Positions Through DCA

The second step focuses on disciplined accumulation. Dollar cost averaging (DCA) is a method of investing fixed amounts at regular intervals regardless of short-term price fluctuations. In a declining market, this approach can reduce the psychological pressure of trying to identify the exact bottom.

How DCA Works in Practice

Instead of deploying all your capital at once, divide your investment into smaller portions over time. For example, instead of buying $10,000 worth of Bitcoin today, you might invest $1,000 per week for ten weeks.

This strategy smooths entry prices and reduces the impact of temporary volatility. For long-term investors who believe in the broader growth of blockchain technology, downturns may present opportunities to accumulate quality assets at lower valuations.

Choose Your Assets Carefully

DCA shouldn't be applied indiscriminately. Research remains essential. Focus on projects with strong fundamentals, clear development progress, and active ecosystems. Avoid spreading capital too thinly across speculative tokens without long-term prospects.

A bear market often reveals which projects continue building and which ones fade away. Look for teams that ship code, maintain community, and manage treasury responsibly.

Step 3: Generate Crypto Income While You Wait

One of the smartest what to do in bear market strategies is finding ways to generate crypto income while prices are down. Here are some approaches:

Staking

Many Proof-of-Stake networks offer staking rewards for holding their tokens. During a bear market, these yields provide a way to accumulate more coins at lower prices. Ethereum, Solana, and numerous other projects offer staking options with varying lock-up periods.

WEEX Staking makes it easy to put your crypto to work. With flexible and fixed-term options, competitive APRs, and institutional-grade security, you can earn passive income while holding through the downturn. No complex setups—just deposit, stake, and let your assets grow. Register on WEEX Now and Start Staking

Read More: Beginner's Guide to WEEX Staking

Lending

Platforms like Aave and Compound allow you to lend assets and earn interest. Stablecoin lending can provide predictable yields without exposure to price volatility.

Step 4: Learn and Adapt

Bear markets offer something precious: time. When price action slows and volatility compresses, you have the opportunity to improve your knowledge.

What to StudyMarket structure and price action analysisOn-chain data and metrics like NVT ratio, MVRV, and realized capMacroeconomic influences on crypto marketsRisk models and position sizing techniquesTokenomics and project fundamentals

Education broadens perspective. Instead of focusing solely on short-term trading, explore areas such as decentralized finance mechanisms, staking models, and regulatory developments. A deeper understanding helps you distinguish between temporary noise and structural shifts.

How to Trade Crypto on WEEX During a Bear Market

For active traders, structured platforms become increasingly important. WEEX provides tools designed to manage risk more effectively, including clear order book visibility and portfolio tracking.

Getting Started on WEEXRegister for a WEEX account and complete identity verificationDeposit funds into your account (USDT or other supported assets)Navigate to the trading section and select your preferred trading pairUse limit orders to control entry pricesApply stop losses on every positionReview open positions regularly to manage downside riskWhy WEEX Works in Bear MarketsZero fees on many pairs—more capital working for youDeep liquidity for smoother executionInstitutional-grade security to protect your assetsPortfolio tracking for clear oversightRisk management tools including stop losses and take profits

Trading during a downturn requires patience and discipline. Structured tools support consistent decision-making. By combining education with careful execution, you transform a challenging period into a phase of preparation.

Final Thoughts: How to Survive the Bear Market

If the 2026 bear market arrives, it will test every trader's confidence and strategy. Surviving isn't about luck—it's about four core actions: restructure your risk management, apply disciplined dollar cost averaging to build long-term positions, generate crypto income through staking or lending while prices are down, and invest time in learning while using structured platforms like WEEX for clearer oversight.

Bear markets aren't just periods of decline. They're phases of consolidation and preparation. With careful planning and the right tools, you can protect your portfolio and stay ready for the next cycle.

Ready to trade with confidence? WEEX offers zero fees, instant execution, and the security you need. Register on WEEX Now and Start Trading

FAQQ1: What is the most important factor in surviving a bear market?

A: Strong risk management and disciplined capital allocation are often the most critical elements. Protecting downside allows you to stay in the game.

Q2: Is dollar cost averaging effective in a downturn?

A: Yes. DCA helps smooth entry prices over time, especially for long-term investors who believe in the asset's fundamentals. It removes the pressure of timing the bottom.

Q3: Should I stop trading completely during a bear market?

A: Not necessarily. Some traders remain active, but they typically reduce position sizes and apply stricter risk controls. Range-bound markets can offer opportunities.

Q4: How can I generate crypto income during a bear market?

A: Options include staking, yield farming on stablecoins, lending, and options strategies. Each carries its own risks—research thoroughly before committing funds.

Q5: How long do crypto bear markets typically last?

A: Historically, crypto bear markets have lasted anywhere from 6 months to over 2 years. The 2018 bear market extended through most of the year, while 2022 saw declines continue into 2023.

Q6: What's the difference between a bear market and a correction?

A: A correction is a short-term decline of 10-20%. A bear market is a prolonged period of decline, typically 20% or more from recent highs, lasting months or longer.

Q7: Can you make money in a bear market?

A: Yes, through shorting, options strategies, or accumulating assets at lower prices for the next cycle. But it's harder and requires more skill than bull markets.

Q8: How do I protect my portfolio in a market decline?

A: Diversification, smaller position sizing, stop losses, and maintaining some stable assets for flexibility can all help reduce risk.

Q9: What assets perform best in bear markets?

A: Stablecoins preserve capital. Bitcoin often holds up better than smaller altcoins. Some traders move to cash and wait for opportunities.

Q10: How do I know when a bear market is ending?

A: Signs include prolonged consolidation, capitulation events, positive developments overcoming negative news, and technical indicators like higher lows forming.

WEEX Crypto Tax Guide: How to Export Trading Data and Generate a Tax Report with KoinX

As cryptocurrency adoption continues to grow, tax reporting has become an important responsibility for traders in many regions. In countries such as the United States and Canada, digital asset transactions may be subject to tax reporting requirements, making accurate transaction records essential for proper filing.

For active United States and Canada traders, organizing transaction history across spot and derivatives markets can sometimes be complex. Multiple trades, fees, funding payments, and realized gains or losses all need to be properly documented when preparing tax reports.

To support users during tax season, WEEX has partnered with KoinX, a crypto tax reporting solution designed to help traders organize their transaction data and generate tax reports more efficiently.

In this guide, we will walk you through how to export your transaction history from WEEX and prepare it for crypto tax reporting.

How to Export Your WEEX Transaction History for Tax Reporting

Follow the steps below to export your trading records and prepare them for use with crypto tax reporting tools.

Step 1: Create a Tax API

First, create a Tax API on WEEX and securely save your Passphrase, API Key, and Secret Key.

API page: https://www.weex.com/account/newapi

1. Go to the API management page and click “Create New API.”

2. Complete the required fields and finish the security verification. In the Permission Settings section, select “Account Details” only. Make sure to record the Passphrase, as you will need it later.

3. After clicking “Next,” your API will be created successfully. Be sure to save your Access API Key and Secret Key securely, as they will be required for the next steps.

Step 2: Fill Out the Application Form to Enable API Permissions

Complete the Tax API Application Form. The team will process your application within 24 hours and notify you by email.

Form link: https://dsg39hlwl5ui.sg.larksuite.com/share/base/form/shrlgWk2VVKKGpRLU9M58oblbdb

Notes: All information in the form must match the details used when creating the API and the corresponding account.

Step 3: Obtain Your Tax Report

Go to the KoinX platform and use the Passphrase, Access APIKey, and Secretkey collected when creating the Tax API in Step 1. Follow the steps to select the WEEX exchange and import your transaction data. Then select “Tax Reports” in the left sidebar to obtain your tax report.

https://app.koinx.com/overview

1. After logging in to KoinX, go to “ Integrations” on the homepage. Enter “WEEX” in the search bar to quickly find the WEEX icon and click to proceed.

2. Enter the Tax API “Passphrase,” “Access APIKey,” and “Secretkey,” then click “Import Now” to import your account’s transaction data. After submitting the API, the system will begin importing the trading data. This process may take some time.

3. After the transaction data has been successfully imported, you can view your WEEX account data under “Portfolio → Dashboard.”

4. Go to “Tax Reports” and select the tax report you wish to export. Then click “Generate” at the bottom of the page to complete the export.

5. Proceed to the payment page. Be sure to use the WEEX discount here.

6. After completing the payment, KoinX will send the tax report to the email address linked to your account.

Step 4: Check Your Email for the Tax Report

The tax report will be sent to the email address linked to your KoinX account.

Final Thoughts

Preparing accurate transaction records is an important part of responsible crypto trading, especially as regulatory expectations continue to evolve. By organizing your trading history and maintaining clear documentation, you can simplify the reporting process and reduce potential errors during tax season.

Through the WEEX × KoinX partnership, users now have access to a more structured way to organize transaction records and prepare documentation for tax reporting.

For detailed tax guidance, users should always consult a qualified tax professional or review the official regulations applicable in their jurisdiction.

*Disclaimer: WEEX does not provide tax, legal, or financial advice. Users should consult a qualified tax professional regarding their individual tax obligations.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 
Instagram: @WEEX Exchange 
Tiktok: @weex_global 
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Discord: WEEX Community 
Telegram: WeexGlobal Group

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February 28: The US and Israel launch massive airstrikes, deploying over 1,200 missiles. Bitcoin (BTC) flash-crashes 4.4%, while Gold and Crude Oil spike 1.3% and 4%, respectively.Same day: Reports confirm the death of Iran’s Supreme Leader Khamenei and several high-ranking officials. As rumors of the "decapitation strike" conclude, BTC stages a aggressive V-shaped recovery, while Gold enters a consolidation phase.March 1–2: Iranian forces retaliate with missile strikes against US and Israeli positions. While the Foreign Ministry initially denies intentions to block the Strait of Hormuz, the Islamic Revolutionary Guard Corps (IRGC) officially closes the chokepoint on March 2, sending oil prices into the stratosphere.March 3: Donald Trump asserts US military superiority, stating the military is "locked and loaded." Concurrently, capital flight from Iranian crypto exchanges surges by 700%.

Because traditional markets are closed over the weekend, crypto has become the ultimate "relief valve" and 24/7 outlet for investors to hedge risks and bet on real-time developments.

A Look at the Rearview Mirror: History Doesn’t Repeat, But It Rhymes

Past geopolitical conflicts show a strikingly consistent pattern: Short-term emotional shockwaves followed by mid-to-long-term rallies driven by safe-haven demand and liquidity expectations.

2022 Russia-Ukraine War: BTC dropped 7% on Day 1 but rallied 25% within a month.2023 Israel-Hamas Conflict: BTC dipped 5% in a week, only to surge over 80% three months later.2025 Iran-Israel Clash: An initial 7.5% weekly slide was followed by a 25% recovery within 30 days.

When chaos breaks out, liquidity is often the first casualty, and Bitcoin usually bears the brunt of the initial "sell everything" panic. However, its identity as a "non-sovereign asset" eventually brings it back to its original trajectory—and often beyond.

"This Time is Different": The New Guard

To be specific, the market resilience is markedly stronger than before.

Since the fourth halving, institutional players have taken the wheel. While the current conflict is arguably more intense than previous ones, Bitcoin’s drawdowns are shallower and shorter.

Simultaneously, spot ETFs and institutional "Diamond Hands" are playing the long game; they don’t liquidate over weekend headlines. This structural maturity provides a massive liquidity buffer that absorbs emotional selling.

The conflict is far from over. If the Strait of Hormuz remains blocked for the long haul, the market narrative will shift from a simple "inflation hedge" to a "global recession defense".

While the smoke of war has been seen, a new financial order is quietly taking root on-chain. We are keeping a close monitor.

How to Earn Passive Income with USDC: WEEX Launches Flexible USDC Staking

WEEX officially introduces USDC Staking, a flexible and stable earning product designed for users who want to grow their digital assets efficiently while maintaining liquidity. With competitive APR, low entry threshold, and flexible redemption, USDC Staking provides a simple and secure way to generate passive income directly within the WEEX ecosystem.

Whether you are an active trader optimizing idle capital or a long-term holder seeking steady returns, WEEX USDC Staking is built to enhance capital efficiency in all market conditions.

What Is USDC Staking and How Does It Work on WEEX?

WEEX USDC Staking is a flexible earning product that enables users to generate passive income by staking their USDC directly on the WEEX platform. By participating, users receive a competitive annual percentage rate (APR) while maintaining convenient access to their funds.

Designed for simplicity and efficiency, WEEX USDC Staking allows seamless subscription and redemption within the WEEX App and Web. There is no need for on-chain transfers, external wallets, or complex DeFi operations — users can start earning with just a few clicks from their WEEX account.

Why Stake USDC? Benefits of Earning Yield on Stablecoins

Stablecoins play a crucial role in digital asset portfolios. USDC, as one of the most widely adopted stable assets, is widely used as trading collateral, a hedging tool during volatile market conditions, and a core asset for capital allocation across different strategies. Its price stability makes it an essential component for both active traders and long-term investors managing risk exposure.

However, idle USDC often generates no return. WEEX USDC Staking addresses this inefficiency by allowing users to earn yield on their stable assets without sacrificing liquidity or flexibility. By transforming dormant capital into productive assets, it enhances overall capital efficiency — delivering value in both bullish and bearish market cycles.

USDC Staking APR, Flexibility, and Key Advantages on WEEX

WEEX USDC Staking offers a competitive and stable 3.5% APR, allowing users to earn consistent returns on their USDC holdings without exposure to significant market volatility. Compared with major platforms such as Coinbase, WEEX provides a market-competitive yield designed to enhance capital efficiency while maintaining stability. This makes it an efficient solution for generating predictable returns with a conservative risk profile.

The product is designed with flexibility at its core. Users can subscribe and redeem funds based on their liquidity needs, without being restricted by long lock-up periods. This ensures greater control over capital allocation, whether for active trading or strategic portfolio management.

In addition, WEEX USDC Staking is fully integrated within the WEEX ecosystem. All operations are completed directly through the WEEX App or Web, eliminating the need for external wallets or complex DeFi interactions. By transforming idle USDC into yield-generating assets, the product enhances overall capital efficiency while preserving accessibility.

Who Should Stake USDC? Benefits for Crypto Traders and Long-Term Investors

For active traders on WEEX, USDC Staking provides a way to put idle funds to work. Instead of leaving unused USDC sitting in an account between trades, users can generate yield while maintaining the flexibility to reallocate capital when new market opportunities arise.

For long-term holders and risk-conscious investors, USDC Staking offers a relatively stable income option within the platform. By earning yield on stable assets, users can enhance portfolio performance without taking on additional exposure to price volatility.

Overall, WEEX USDC Staking improves capital efficiency across different user profiles. Whether optimizing short-term liquidity or seeking steady passive returns, users can manage, grow, and access their assets seamlessly within the WEEX ecosystem.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media:

X: @WEEX_Official
Instagram: @WEEX Exchange 
Tiktok: @weex_global 
Youtube: @WEEX_Official 
Discord: WEEX Community
Telegram: WeexGlobal Group

BTC Approaches $60K: Crypto Isn't Dead, It's Just Filtering the Noise

Macro disturbances, leverage collapses, and sluggish trading volumes are the hallmarks of every crypto bear market.

Let's temporarily step back from the AI bubble of June 2028 and focus on the crypto market in February 2026. Recently, BTC has fallen back to the $60K level, and the market is quiet and sluggish. We've reached another critical juncture where we should learn from history.

To truly grasp the "chill" in 2026, we first need to break down what happened during those "freezing moments" in previous bear markets.

The ICO Bubble Burst and Regulatory Winter of 2018

2018 marked a full year of the crypto market swinging from euphoric bull runs to a deep freeze bear phase. Bitcoin plummeted from its late — peak of nearly $20,000 to around $3,200 in 2017, with the overall market cap evaporating by over 80%. The industry went through the growing pains of shifting from wild speculation to more grounded buildings.

The key themes of this bear market were "liquidity drought and shattered faith."

The macro environment back then was brutally harsh:

- Global economic recovery was sluggish, and the Fed kicked off a rate-hike cycle, raising rates four times that year and ending with the federal funds rate at 2.25%-2.50%;

- China had already banned ICOs and exchanges the previous year, and in 2018, the U.S. SEC ramped up scrutiny and lawsuits, with many countries and regions following suit with their own bans.

At the same time, the massive wealth-creating ICO frenzy from 2017 finally popped, with hacks hitting platforms like Mt.Gox and Bitfinex fueling the panic. Many mining operations have been shut down in droves, and "blockchain is a scam" became the mainstream media's go-to narrative.

In terms of impact, this bear cycle wiped out over 95% of ICO projects, but as every cloud has a silver lining, it paved the way for the DeFi boom in the next bull run. Some institutions started dipping their toes into Bitcoin on a small scale.

The Leverage Meltdown and Rate-Hike Crisis of 2022

In 2022, Bitcoin tumbled from $69,000 to around $15,000, with the drop less severe than in 2018.

Compared to 2018, the 2022 bear market was also fueled by macro disruptions and a restructuring of the existing ecosystem.

Macros sucked up liquidity like a vacuum:

- Post- pandemic economies were dealing with persistent high inflation, and the Fed hiked rates seven times to 4.25%-4.50%, marking the fastest, largest, and most frequent dollar rate increases since 1982.

- Regulatory pressures escalated again, with the EU reaching key agreements on MiCA regulations, and the U.S. SEC tightening enforcement on stablecoins and exchanges.

Inside the crypto space, it was a chain reaction starting with the Terra/Luna algorithmic stablecoin collapse, which dragged down Celsius, Three Arrows, FTX, and others into bankruptcy. Sectors like NFTs, GameFi, and the metaverse fell into a deep slumber.

Even though the market turned chilly once more, long-term holders (LTH) started hitting record-high holdings, institutions like MicroStrategy ramped up their stakes dramatically, and the purge of CeFi ecosystems sped up the rise of self-custody, Layer2 solutions, and more.

In-depth compliance review in 2026

Heading into 2026, Bitcoin has broken below $80K, $70K, and $60K one after another. The Fear & Greed Index has spent a whopping 26 days in extreme fear territory over the past month, and Google searches for "Bitcoin is dead" have spiked to all-time highs—familiar bear market vibes making a comeback.

Compared to the past, the spread of market risks has intensified short-term sell-offs, but the underlying logic is a bit different:

- Even though we're in a mild rate-cutting phase right now, as we discussed in "Gold & Silver Hit New Highs, Is Bitcoin's Safe-Haven Narrative Losing Its Luster?", funds are flocking to gold and silver for shelter amid escalating sovereign debt crises, U.S. tariff trade wars, and potential threats to Fed independence. A certain number of crowds even reckon that AI has overtaken Web3 as the hot tech story, putting crypto right in the crosshairs.

- On the regulatory front, U.S. crypto policies have turned more friendly, but the odds of the CLARITY bill passing have taken a nosedive.

Of course, in this round of innovation narratives, we've seen a ton of high-funding, high-FDV infrastructure projects without real revenue keep tumbling. Narratives like Layer2, Restaking, and Memecoins have gone quiet, while the ETF story has ushered in an institution-dominated era. Right now, privacy, prediction markets, and stablecoins are still leading the pack.

If we look at volatility, as shown in the chart below, Bitcoin's 60-day average volatility has been trending downward year by year—a clear shift. Unlike the bubble bursts of 2018 or the leverage blowups of 2022, 2026 feels more like a weary adjustment. Although it was cold, it felt more like a mild winter.

While it's too early to call it the "market bottom", it's clear that the chill in 2026 isn't the dramatic crash of old bear cycles — more like a deep recalibration in this era of hyper-compliance.

For investors, the long-term upward potential in crypto markets far outweighs the downside risks. However, where will the next wave of narratives pivot to? As the proverb says, "Time will tell" — let's keep our eyes peeled.

 

Buy BTC with Mercadopago on WEEX P2P – 0 Fee & 24/7 ARS Merchants

Mercadopago is widely recognized in Argentina as a trusted and reliable option for fast and seamless BTC currency purchases using ARS. With WEEX P2P, users can buy BTC directly through Mercadopago with zero fees, access 24/7 verified merchants, and enjoy ultra-fast release times.

Compared with Binance, Bybit, and local OTC platforms, WEEX consistently offers better ARS exchange rates, safer escrow protection, and more available ads for Mercadopago users.

As BTC adoption continues to rise in Argentina, secure and convenient access to digital assets has become increasingly important. With WEEX P2P, users can buy USDT, BTC, or ETH via Mercadopago with instant processing, 0% buyer fees, and professional merchant support.

 

What is P2P Trading?

Peer-to-Peer (P2P) trading allows users to buy and sell BTC directly with other users, while the platform acts as a secure intermediary.

On WEEX P2P:

BTC is held in escrowSellers release assets only after payment is confirmedTrades are processed quickly and safely

This ensures zero counterparty risk and allows users to pay via local banking methods for a seamless experience.

 

Why WEEX P2P is the Best Choice for Mercadopago Users

WEEX P2P offers key advantages to users purchasing BTC with ARS via Mercadopago:

0% buyer fees:Save 2–8% compared to competing platforms and maximize the value of every tradeFast release times :Funds are typically released within 1–3 minutes, ensuring a smooth and efficient buying experienceOfficial escrow protection:Platform-managed escrow guarantees 100% transaction safetyFlexible trade sizes:Supports everything from small purchases to large-volume transactionsBest ARS exchange rates for Mercadopago users: Enjoy highly competitive pricing tailored for Mercadopago paymentsThousands of merchants online 24/7: Deep liquidity and constant availability at any time of dayMore Mercadopago ads than any competitor: Greater choice, faster matching, and higher deal completion rates

Whether you’re buying 1,000 ARS or 1,000,000 ARS, WEEX ensures fast, safe, and cost-efficient BTC purchases.

 

How to Buy BTC with Mercadopago on WEEX P2P

Buying BTC with Mercadopago on WEEX is simple and fast. Follow these steps:

Register on WEEX and complete basic KYC verification Create your WEEX account and finish the basic identity verification process, which typically takes less than one minute to complete.Navigate to Buy BTC → P2P Trading From the main menu, enter the P2P trading section and select ARS as your preferred fiat currency.Apply the “Mercadopago” filter Enable the Mercadopago payment filter to view only those merchant advertisements that support Mercadopago Mercadopagos.Select the most suitable merchant Review and compare available merchants based on key indicators, including:Exchange priceOrder completion rateTotal trading volumeReal-time online statusEnter the amount you wish to purchase Input your desired BTC amount, and the system will automatically calculate and display the exact payable amount in ARS.Complete the payment via Mercadopago Transfer the displayed amount using Mercadopago, following the bank details provided by the selected merchant.Confirm payment and notify the seller Click “Transferred, Notify Seller” after completing the transfer. The seller will then verify your payment and promptly release the BTCcurrency to your WEEX account.

Your BTC will arrive instantly in your WEEX wallet — safe, fast, and with zero fees.

 

Frequently Asked Questions (FAQ)

Q1: Are there any fees when paying with Mercadopago? A: 0% fee for buyers. Only sellers pay a small fee.

Q2: How fast will I receive BTC? A: Usually 1–5 minutes after marking payment as sent.

Q3: Is buying with Mercadopago safe on WEEX? A: Yes. All trades use official escrow.

Q4: Do I need full KYC? A: Basic KYC is required for P2P trading.

 

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