Coinpanda integrates directly with Huobi Global to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for Huobi Global quickly.
If you have been trading, staking, or earning crypto on Huobi Global, you must also calculate your taxes for all transactions. Coinpanda makes calculating crypto tax for Huobi Global quick and easy by following these steps:
Create a free account and connect Huobi Global to Coinpanda safely and securely
Next, Coinpanda will import all your trades, deposits, withdrawals, and rewards from Huobi Global
Wait for Coinpanda to automatically calculate capital gains and income for your Huobi Global transactions
Download your Huobi Global tax report
File your Huobi Global taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from Huobi Global to Coinpanda. Coinpanda supports the following transactions from Huobi Global today:
Tx Type
API import
CSV file upload
Deposits
Withdrawals
Trades
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How to connect Huobi Global with API
We are only requesting view permissions. This does not give us access to your private keys or the ability to move your funds.
Follow these steps to add your Huobi Global account to Coinpanda with API:
Give your API key a name, keep only ‘Read-only’ checked and leave the IP address field empty
Click ‘Create’ and confirm the security prompt
Enter the email verification and 2FA code
Copy your Access Key and Secret Key to Coinpanda
Click ‘Confirm’ to create the keys
Note that Huobi only allows for data export for the past 4 months from their API. If you have transactions from before that date, you will also need to upload a CSV file with older transactions.
The API keys created will automatically expire after 90 days. You will need to create new API keys to sync new transactions to your Coinpanda wallet after this period. If you get an error after syncing, please check that the API keys are still active before contacting Coinpanda support.
How to connect Huobi Global with CSV
Follow these steps to export your transactions from Huobi Global:
Note that Huobi only allows for data export for the past 4 months. If you have transactions from before that date, try contacting Huobi customer support for a full historical CSV file. You can import the historical transactions to Coinpanda as well.
How are Huobi Global transactions taxed?
The exact tax implications on Huobi Global transactions depend on which country you live in and the type of transactions you have made. In general, you must pay either capital gains tax or income tax on your cryptocurrency transactions on Huobi Global.
Capital gains tax: Whenever you sell a cryptocurrency for more than you purchased it for, you generate a capital gain. On the other hand, if you sell the cryptocurrency for less than you paid initially, you have a capital loss, which can offset other gains in most cases.
Income tax: Earned cryptocurrency on Huobi Global, such as staking, interest, bonuses, and referral rewards, is typically seen as taxable income from a tax perspective and must be reported in your tax return.
To learn more about how Huobi Global transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Huobi Global taxes?
First, you must calculate capital gains and income from all taxable transactions on Huobi Global. When you have this information ready, you can report capital gains and income together with other forms of income such as employment and dividends in your annual tax return.
To calculate your capital gains, you must first export a complete history of all transactions made on Huobi Global. Once you have this data, you can calculate your capital gains or losses by determining the price at which you bought the cryptocurrency (your cost basis) and the price at which you sold it (your proceeds). Luckily, Coinpanda can help you with this and generate ready-to-file tax forms quickly and easily.
After downloading your Huobi Global tax statements from Coinpanda, the last step is to report the capital gains and income on your tax return before the deadline. Most countries allow you to self-declare taxes online in 2023, but you can also get help from a professional tax accountant to file taxes for you.
Calculate your Huobi Global taxes
Sign up free today to calculate your Huobi Global taxes
How do I troubleshoot the imported Huobi Global transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Huobi Global to Coinpanda, it can happen that either not all transactions are imported or that some data is imported incorrectly. Some reasons for this can be:
Changes in the Huobi Global API
Updated CSV file format
Huobi Global does not provide a complete record of all transactions
To get the best help from Coinpanda support, you must first identify which transactions are missing or incorrectly imported. To do this, we recommend comparing your transaction history on Huobi Global with the transactions imported into your Coinpanda account. See also our help article with an overview of known exchange API limitations.
The quickest way to get help from our dedicated support team is to send a message in the Live Chat.
No, Huobi Global does not provide complete and ready-to-file tax documents. This is because Huobi Global does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.
How do I get Huobi Global tax documents?
The easiest way to get tax documents and reports is to connect your Huobi Global account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Huobi Global.
Does Huobi Global provide financial or end-of-year statements?
No, Huobi Global does not provide a complete financial or end-of-year statement for your crypto transactions. However, you can get this using a crypto tax calculator.
Do I have to pay taxes on Huobi Global?
Yes, all transactions on Huobi Global involving the disposal of a crypto asset are in most cases taxable. You must also pay income tax on earned crypto such as staking, interest, or referral rewards.
Is transferring to Huobi Global taxable?
No, transferring cryptocurrency to Huobi Global is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Huobi Global?
It is impossible to avoid paying taxes completely on Huobi Global legally if you live in a country that taxes cryptocurrency. However, there are several ways you can reduce your taxes, such as tax loss harvesting.
Can Huobi Global calculate my taxes?
Huobi Global cannot calculate your taxes since it does not have knowledge of your transactions made on other exchanges or platforms. However, if you have only interacted with crypto on Huobi Global your entire life, it could technically do so.
Is Huobi Global safe?
Huobi Global is generally considered to be a safe exchange. Although Huobi Global follows industry best practices for safety and to prevent malicious attacks, there is always a risk associated with keeping your crypto on centralized third-party exchanges including Huobi Global.
