OverviewIn 2026, many crypto users ask whether some exchanges avoid reporting activity to the U.S. Internal Revenue Service (IRS). While some platforms do not send tax forms, this does not remove your legal duty to report crypto taxes. U.S. taxpayers must report all crypto gains and income, no matter where trading happens.Decentralized ExchangesDecentralized exchanges, often called DEXs, run on blockchain smart contracts instead of central companies. They do not collect personal details, perform identity checks, or issue tax forms. Trades are public on the blockchain, meaning activity can still be traced using analytics tools. If audited, users may be asked to explain their on-chain history.Foreign Centralized ExchangesSome centralized exchanges are based outside the United States and do not serve U.S. residents directly. An example is Bitget. These platforms generally follow the rules of their home countries and do not send reports to the IRS. Even so, users are expected to follow their own local tax laws and report crypto activity themselves.Peer-to-Peer and OTC TradingPeer-to-peer and over-the-counter platforms connect buyers and sellers directly. They usually do not hold funds or issue IRS forms. Depending on usage, limited identity checks may apply, but tax reporting remains the user’s responsibility.Do You Still Owe Crypto Taxes?Yes. The IRS requires U.S. citizens and residents to report worldwide crypto income and gains. Using a non-reporting platform does not change this rule. Not receiving a tax form is not a valid excuse.What You Should TrackKeep records of dates, values in U.S. dollars, transaction types, and any crypto received as income. Careful record-keeping helps you stay compliant as IRS enforcement continues to grow.