Which Crypto Exchanges Do Not Report to the IRS in 2026

In 2026, many crypto users are concerned about privacy and tax reporting. Some platforms do not send user data directly to the U.S. Internal Revenue Service. However, this does not mean crypto activity is tax free. U.S. taxpayers must still report all crypto income and gains, no matter which platform they use.

Decentralized Exchanges
Decentralized exchanges run on smart contracts and do not have a central company holding user data. They do not collect identity details, perform KYC checks, or send tax forms to the IRS. Even so, transactions are recorded on public blockchains. If the IRS audits a user, it can still trace wallet activity using blockchain analysis tools.

Foreign Centralized Exchanges
Some centralized exchanges based outside the United States do not report directly to the IRS if they do not serve U.S. residents. One example is Bitget. These platforms follow the laws of their own countries and usually state that users are responsible for following local tax rules. Lack of reporting does not remove tax obligations for U.S. citizens.

Peer-to-Peer Trading Platforms
Peer-to-peer marketplaces allow users to trade directly with each other. These services do not usually issue tax forms or report trades to the IRS. However, identity checks may still apply, and transactions can become traceable if funds later move to regulated platforms or bank accounts.

Do You Still Owe Crypto Taxes
Yes. All U.S. taxpayers must report worldwide crypto activity. This includes trading, selling, swapping, spending, and earning crypto. Not receiving a tax form does not excuse non-reporting, and failure to comply can lead to penalties.

Conclusion
Using a non-reporting crypto platform may increase privacy, but it does not remove legal tax duties. In 2026, careful record keeping and honest reporting remain essential for staying compliant with U.S. tax law.
https://www.bitget.com/academy/which-crypto-exchanges-do-not-report-to-irs