Crypto.com 1099-DA: What It Means and What to Fix

You got a 1099-DA from Crypto.com.

Maybe you expected it. Maybe it surprised you. Either way, you're now holding a tax form that shows the IRS every sale you made through Crypto.com in 2025, and you need to deal with it before you file.

Crypto.com is one of the largest exchanges globally. You probably know them from the metal Visa card, the CRO token, the Super Bowl ads. Tens of millions of users hold accounts there, and in the US, many of those users have complex activity spread across the Crypto.com App, the Crypto.com Exchange, and the Crypto.com DeFi Wallet.

All that complexity is why your 1099-DA probably has a problem you need to fix before it causes issues with the IRS.

When You'll Get Your Crypto.com 1099-DA

Crypto.com must send your 1099-DA by:

• January 31 if cost basis information is not included
• February 15 if cost basis data is included

For 2025 tax year filings, cost basis is not required, so most users will receive their form by January 31.

To find your 1099-DA in the app: go to Settings → Tax Documents. Crypto.com has partnered with third-party tax providers in the past and may direct you to a partner portal for downloads.

You'll also receive a copy at the email address on your account. Check your spam folder if you don't see it by mid-February.

What Your Crypto.com 1099-DA Shows

Your 1099-DA is a record of every digital asset sale, trade, or disposition Crypto.com processed on your behalf in 2025. For each transaction, the form shows:

• Proceeds: what you received when you sold or traded
• Date acquired: when Crypto.com believes you got the asset
• Date sold: when the transaction happened
• Asset description: the name or ticker of the crypto

What it does not show: cost basis. For 2025, the IRS does not require brokers to report cost basis on Form 1099-DA. Most forms will show $0 or leave the cost basis field blank.

This is not a mistake on Crypto.com's part. It's the current state of the regulation. But it does mean your 1099-DA, taken alone, will massively overstate your taxable gains, and that's the problem you need to solve.

If you want a full explanation of how the form works, see our complete guide to Form 1099-DA and Form 1099-DA explained.

The Cost Basis Problem

Cost basis is what you originally paid for an asset. Gain or loss = proceeds minus cost basis. Without cost basis, your taxable gain looks like your entire proceeds, which is almost always wrong.

Crypto.com only knows your cost basis for assets you bought and sold entirely within their platform. The moment crypto moves across platforms, the chain of information breaks.

Say you bought 10,000 CRO on another exchange for $500, then transferred it to Crypto.com to stake for the Visa card. After a year, you unstaked and sold the CRO for $1,200.

What Crypto.com reports on your 1099-DA:

• Proceeds: $1,200
• Cost basis: $0

What's actually true:

• Proceeds: $1,200
• Cost basis: $500
• Actual gain: $700

If you file using the 1099-DA as-is with no adjustment, you'll report $1,200 in gains and pay tax on money you never made. That's real money out of your pocket.

This problem gets worse the more you moved crypto between platforms, and Crypto.com users tend to move crypto a lot, given how many products they offer.

Common Issues with Crypto.com 1099-DAs

Crypto.com's product ecosystem is unusually complex compared to most exchanges. Here are the issues that come up most often.

App vs Exchange vs DeFi Wallet: Three Separate Products

Crypto.com runs three distinct products under one brand. The App is the main mobile interface for buying, selling, earning, and the Visa card, which is what most users interact with day to day. The Exchange (crypto.com/exchange) is a separate platform aimed at more advanced traders, with order books, margin trading, and derivatives. The DeFi Wallet is a non-custodial wallet that connects to DeFi protocols, where Crypto.com does not control your private keys.

Your 1099-DA covers the App and possibly the Exchange. The DeFi Wallet is not included. Because it's non-custodial, Crypto.com has no obligation to report those transactions, and it doesn't.

If you used the DeFi Wallet to swap tokens, provide liquidity, or interact with protocols, none of that appears on your 1099-DA. You're responsible for tracking and reporting those transactions yourself using on-chain data.

CRO Staking and Rewards

CRO is at the center of most Crypto.com products, and it creates multiple taxable events that may or may not appear on your 1099-DA.

Locking CRO for card tier access (Visa card staking) isn't a taxable event in itself, but any staking rewards you receive are income. Depositing crypto through Crypto.com Earn is treated as a lending arrangement, and interest received is ordinary income at the fair market value when received. Staking CRO to support the Cronos network (validator staking) generates rewards that are also taxable income when you receive them.

When you sell staking rewards, your cost basis is the fair market value at the time you received them, not zero. If you received 100 CRO when CRO was worth $0.08 each, your cost basis for that batch is $8. Crypto.com likely can't tell you this; you need to track it yourself.

Some reward payments may appear on a separate 1099-MISC rather than your 1099-DA.

Crypto.com Visa Card Cashback

The CRO cashback you earn from using the Visa card is generally treated as a purchase rebate, not taxable income, similar to credit card points. You do not need to report it as income when you receive it.

When you sell that CRO, though, it is a taxable event. Your cost basis for card cashback CRO is generally $0 (since you didn't pay for it), so your entire proceeds on sale are gain.

Supercharger and Earn

Crypto.com's Supercharger (a liquidity mining product) and Earn (a lending product) both generate periodic distributions of crypto. Each distribution is taxable income at the fair market value on the day you receive it.

These income events should be tracked separately from your disposals. They affect your cost basis when you eventually sell the assets you received.

NFT Marketplace

Crypto.com has its own NFT marketplace. NFT sales are taxable as capital gains, but whether they appear on your 1099-DA depends on how Crypto.com categorized the platform's role. Some NFT marketplace transactions may be reported; others may not. Check your 1099-DA against your NFT transaction history to identify any gaps.

Crypto.com Pay

Using crypto to pay for goods or services through Crypto.com Pay is a taxable disposition. The IRS treats it the same as a sale. You owe capital gains tax on any appreciation between what you paid for the crypto and its value at the time of payment. These transactions should appear on your 1099-DA, but verify they're all captured.

What to Do Before Filing

Work through this checklist before you submit your return.

1. Download your 1099-DA from Settings → Tax Documents in the Crypto.com app, or the partner portal if directed.

2. Export your complete transaction history from the App and the Exchange (if you used it). Crypto.com provides CSV exports. You'll need this to calculate cost basis.

3. Identify every time you moved crypto into Crypto.com from another wallet or exchange. Those are the transactions where your cost basis is missing from the 1099-DA.

4. If you used the DeFi Wallet, pull your transaction history from on-chain data. You'll need your wallet addresses and a tool that can read blockchain records.

5. For any asset you transferred in, find the original purchase records: what you paid, when, and where.

6. List every staking reward, Earn interest payment, Supercharger distribution, and card cashback you received, then calculate the fair market value at the time of receipt.

7. With complete cost basis data, calculate your actual gain or loss on each transaction. This becomes your Form 8949.

8. If you held multiple batches of the same asset at different prices, pick a cost basis method: FIFO, LIFO, HIFO, or specific identification. See our cost basis methods guide.

How Moonscape Fixes This

Doing this manually across the Crypto.com App, Exchange, DeFi Wallet, and any other platform you used is tedious. Moonscape automates it.

Connect Crypto.com and Moonscape imports CSV exports from both the App and the Exchange. Every transaction gets parsed: buys, sells, transfers, staking rewards, Earn interest, Supercharger distributions. If you bought crypto on Coinbase, Binance, or Kraken before transferring to Crypto.com, connect those too. Moonscape pulls your full history across 300+ exchanges and wallets so it can see where each asset originated.

When Moonscape sees crypto leave one platform and arrive at another, it links the records and carries the original cost basis forward. Add your Cronos or other blockchain wallet addresses and it reads your on-chain transaction history directly.

Once your full history is in, Moonscape calculates accurate cost basis for every transaction using your chosen method (FIFO, HIFO, or specific identification), then generates a completed Form 8949 that shows correct gains and losses, ready to attach to your tax return or hand to your accountant.

The difference between filing with a $0 cost basis 1099-DA and filing with a reconciled report can be thousands of dollars in tax, and it's the difference between overpaying and filing accurately.

Key Takeaways

• Your Crypto.com 1099-DA reports proceeds but not cost basis. Using it alone will overstate your gains.
• Cost basis is missing for any crypto you transferred in from another platform before selling on Crypto.com.
• Crypto.com has three separate products (App, Exchange, DeFi Wallet) and your 1099-DA only covers the custodial ones. DeFi Wallet activity needs to be tracked separately.
• CRO staking rewards, Earn interest, and Supercharger distributions are taxable income at the time of receipt. You need these records to calculate cost basis when you sell.
• Moonscape imports your full Crypto.com history, connects your other platforms, matches transfers across exchanges, and produces a correct Form 8949 so you only pay tax on your actual gains.