Tax Certification Forms (W-9 / W-8 Forms)
To comply with U.S. tax regulations, Gate US is required to collect a tax certification form from all users. Depending on your tax status, you will be asked to complete:
- Form W-9 — for U.S. taxpayers
- Form W-8 — for non-U.S. taxpayers
These forms help determine your tax classification and allow Gate US to meet required reporting obligations with the IRS.
Starting January 1, 2027, if the correct form is not submitted, backup withholding may apply to certain taxable transactions, such as cryptocurrency sales or exchanges. Your transactions may be subject to backup withholding at a current rate of 24% on all proceeds.
For users registering on or after January 1, 2026, Gate US will require the appropriate tax form to be completed within one month of registration. If the form is not submitted, withdrawal restrictions may apply until verification is completed.
To avoid interruptions, please ensure your tax information is accurate and up to date.
If you have questions about how these rules apply to your personal tax situation, consult a qualified tax professional. Gate US does not provide tax advice.
IRS Reporting Requirements
Under updated U.S. tax regulations, cryptocurrency exchanges and brokers—including Gate US—must report certain transaction information to the IRS.
Gate US will be required to report:
Form 1099-DA (New IRS Form)
Used to report gross proceeds from your cryptocurrency sales or exchanges.
Gross proceeds refer to the total amount you receive from a sale or exchange, before subtracting fees or cost basis.
Cost Basis Reporting
Gate US will also report cost basis information when available.
Cost basis reflects the original value of the cryptocurrency,including eligible transaction fees, and is used to determine taxable gains or losses.
As a taxpayer, you may need to report activity on your individual tax return using:
Form 1099-DA — reports sales/exchanges of digital assets
Form 1099-MISC — reports miscellaneous income of $600 or more, such as certain rewards
Gate US will make these documents available for download beginning January 2026.
Note:
Tax document downloads are currently supported only on the Gate US website, not on the mobile app.
