Wrapping or unwrapping tokens like wBTC or wETH raises tax questions in Spain.
Conservative interpretation: Wrap = taxable swap (different tokens)
Majority interpretation (widely adopted): 1 wBTC = 1 BTC always. Wrap/unwrap = technical infrastructure operation, not economic asset change. No taxable event.
kointax treats wrap/unwrap as internal operations, preserving the original acquisition cost.
Fees: Gas/protocol fees = added to acquisition cost of resulting asset.
declaracrypto.es — FIFO, LIFO, HIFO or WAC method. 80+ compatible exchanges. Excel + PDF report ready for your tax return.
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