SnowSwap taxes: How to do your tax declaration in 2025
With Blockpit, you can quickly and easily calculate your SnowSwap taxes and correctly include them in your tax return!
Blockpit is a trusted cryptocurrency tax calculator used by hundreds of thousands of crypto investors worldwide to accurately track and optimize SnowSwap transactions, and calculate gains, losses and income for tax purposes.
Simply sign up for free, import your transaction data and generate your fully compliant crypto tax report for SnowSwap and more than 500,000 other crypto assets, exchanges and wallets in minutes!
Read on to learn everything you need to know about SnowSwap and cryptocurrency taxation!
🤝 SnowSwap is an official Blockpit partner.
#1 SnowSwap Tax Calculator
🏆 Full SnowSwap support
📈 Smart tax optimization and offsetting of losses
🏛️ Supports country-specific tax regulations
Do I have to pay taxes when using SnowSwap?
Yes, generally, if you trade cryptocurrencies on SnowSwap, you may have tax obligations. These vary depending on the country and its specific crypto tax regulations. Some jurisdictions may offer tax exemptions based on profit amounts or holding duration.
Read our crypto tax guides for more information.
Does SnowSwap automatically deduct taxes?
No, as of 2025, SnowSwap does not automatically deduct taxes for you.
Crypto exchanges only track your transactions on their own platform, not your transfers to other wallets or exchanges. This means crucial information for accurate tax calculations is missing – something only crypto tax tools like Blockpit can provide.
Warning: The tax office knows about your SnowSwap gains!
Tax authorities are increasingly tracking SnowSwap transactions through blockchain analysis and data requests from exchanges. We expect them to ramp up enforcement, sending notices and demanding back taxes from crypto users.
Starting in 2026, DAC8, an EU directive on tax transparency, will require crypto exchanges to automatically report your transactions to tax authorities. Failing to declare your crypto gains can lead to hefty back taxes and penalties.
Warning: The tax office knows about your SnowSwap gains!
SnowSwap transactions are publicly visible on the blockchain, and wallets and DeFi applications leave a clear trail. Tax authorities already use blockchain analysis to track transactions and can obtain additional data through mass inquiries. We expect them to increase enforcement, sending notices and demanding back taxes.
Failing to report your crypto gains on time can result in hefty tax bills and penalties.
Import SnowSwap transactions into Blockpit
Blockpit offers advanced integrations to process SnowSwap transaction data. Our guide explains how to add the SnowSwap integration for portfolio tracking and tax calculation.
Step 1: Log in to your Blockpit account
Log into your Blockpit account here: Login. If you don’t have an account yet, please sign up first: Create Blockpit Account.
Step 2: Select "+ Integration"
After logging in, click on “+ Integration" in the top navigation.
Step 3: Select "SnowSwap"
Select SnowSwap from the integration creation dialog
Step 4: Follow the on-screen instructions
You can find a detailed SnowSwap setup guide here: How to import SnowSwap transactions
Step 5: Wait for the data import to finish
The data import can take several minutes, depending on the number of transactions. Have a look at the import scope description of our SnowSwap integration in the meantime!
Import SnowSwap transactions into Blockpit
Blockpit offers advanced integrations to process SnowSwap transaction data. Our guide explains how to add the SnowSwap integration for portfolio tracking and tax calculation.
Step 1: Log in to your Blockpit account
Log into your Blockpit account here: Login. If you don’t have an account yet, please sign up first: Create Blockpit Account.
Step 2: Select "+ Integration"
After logging in, click on “+ Integration" in the top navigation.
Step 3: Select the corresponding blockchain
In the appearing integration creation dialog, select the corresponding blockchain from the list.
Step 4: Follow the on-screen instructions
You can find a detailed SnowSwap setup guide here: How to import SnowSwap transactions
Step 5: Wait for the data import to finish
The data import can take several minutes, depending on the number of transactions. Have a look at the import scope description of our SnowSwap integration in the meantime!
Which SnowSwap transactions are automatically imported into Blockpit?
Blockpit auto-labels SnowSwap transaction data based on country-specific gain, loss, and income tax categories, then processes them in alignment with your national tax regulations. As a result, Blockpit can distinguish automatically among these asset classes and SnowSwap transactions:
Assets
✅ Fiat (EUR, USD, CHF, etc.)
✅ Crypto (Coins & Token)
✅ NFTs (NFT Collections)
✅ Commodities (Gold, Silver, etc.)
✅ Derivatives (Tokenized Stocks, Tokenized Commodities, etc.)
Transactions
✅ All transactions provided by SnowSwap
Review SnowSwap transaction data in Blockpit
Blockpit seamlessly merges and organizes your SnowSwap transaction data. Once all data is imported, the following features ensure clarity and assist in verifying data accuracy:
- Identifying unmerged transfers
- Flagging unlabeled transactions
- Highlighting mismatched balances
- Pinpointing potential issues
- Filtering of assets and transactions
- Access to help center guides
For an in-depth overview of Blockpit's review capabilities, refer to: Troubleshooting
What does the SnowSwap tax report look like?
Blockpit's popular Crypto Tax Calculator creates the most comprehensive SnowSwap tax report with pre-filled tax forms for your local tax authority in PDF format. Our tax reports also contain clear explanations in terms of legal interpretation for submission to tax authorities. So far, every tax report has been accepted by the tax office without a complaint.
The report provides information about all your balances, realized profits and losses and can be used as proof of origin with banks or tax advisors. It contains all relevant transactions of your account, always refers to the selected tax year and shows details such as time stamp, amount, asset, costs and fees of the individual transactions.
You can view some of our country specific crypto tax reports here: Blockpit Sample Tax Reports
Optimize SnowSwap taxes with Blockpit's Crypto Tax Optimizer
Save an average of 2,395$ in crypto taxes with our tax-loss harvesting tool and unique sell simulator for your crypto portfolio.
With Blockpit’s Crypto Tax Optimizer, you can track unrealized gains, losses, and holding periods for your SnowSwap assets.