Have you been receiving, sending, or holding crypto on Atomic Wallet? If yes, you may also need to calculate and report taxes for the transactions. Coinpanda can help you with calculating crypto tax for Atomic Wallet by following these steps:
Create a free account and add your Atomic Wallet addresses to Coinpanda safely and securely
Next, Coinpanda will import all your transactions from Atomic Wallet
Wait for Coinpanda to calculate capital gains for your Atomic Wallet transactions automatically
Download your Atomic Wallet tax report
File your Atomic Wallet taxes before the deadline
To calculate your taxes accurately, you must import all transactions from Atomic Wallet to Coinpanda. Coinpanda supports the following transactions from Atomic Wallet today:
CSV file upload
How to connect Atomic Wallet 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 Atomic Wallet account to Coinpanda with API:
Unfortunately, Atomic wallet doesn’t let you export your HD wallet (xPub) addresses. If at all possible, we recommend switching to any number of wallets that do allow this functionality. If that is not feasible, you can convert your mnemonic phrase to your HD wallet (xPub) address with the steps below.
WARNING! You’ll need your seed phrase, which contains all the information necessary to generate your public and private keys. Please be EXTREMELY CAUTIOUS with this information; if it is compromised, all your funds will be compromised too.
For Bitcoin, Bitcoin Cash, Dash, Dogecoin, Litecoin, and Zcash:
Enter the mnemonic phrase in the BIP39 Mnemonic field
Copy the public xPub key generated from the ‘Account Extended Public Key’ field into Coinpanda
For all other coins
Select the coin you want to import
Copy the address to Coinpanda
How to connect Atomic Wallet with CSV
Follow these steps to export your transactions from Atomic Wallet:
Log in to your Atomic Wallet using the desktop app
Select the coin you want to export transactions for
Click the settings icon in the top right corner
Select ‘Export Transactions’
Repeat the previous steps for all coins you have in your wallet
Upload the CSV file(s) to Coinpanda
CSV files exported from Atomic Wallet do not contain information about which coins/tokens have been transferred. Because of this, not all currencies will be identified and imported correctly. You need to manually check all transactions imported and update the coin ticker if necessary. We encourage you also to contact Atomic Wallet support and request that they include a column for coin/token symbol in their CSV file format.
How are Atomic Wallet transactions taxed?
The exact tax implications on Atomic Wallet 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 using Atomic Wallet.
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 using Atomic Wallet, such as staking, interest, and airdrops, is typically seen as taxable income from a tax perspective and must be reported in your tax return.
To learn more about how Atomic Wallet transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Atomic Wallet taxes?
First, you must calculate capital gains and income from all taxable transactions from Atomic Wallet. 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 using Atomic Wallet. 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 Atomic Wallet 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 Atomic Wallet taxes
Sign up free today to calculate your Atomic Wallet taxes
How do I troubleshoot the imported Atomic Wallet transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Atomic Wallet 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 Atomic Wallet API
Updated CSV file format
Atomic Wallet 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 any block explorer with the transactions imported into your Coinpanda account. See also our help article with an overview of known wallet API limitations.
The quickest way to get help from our dedicated support team is to send a message in the Live Chat.
No, Atomic Wallet does not provide complete and ready-to-file tax documents. This is because Atomic Wallet does not have knowledge of your transactions on other exchanges, platforms, or self-custody wallets.
How do I get Atomic Wallet tax documents?
The easiest way to get tax documents and reports is to connect Atomic Wallet with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Atomic Wallet.
Does Atomic Wallet provide financial or end-of-year statements?
No, Atomic Wallet 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 for using Atomic Wallet?
Yes, all transactions using Atomic Wallet involving the disposal of a crypto asset are in most cases taxable. You must also pay income tax on earned crypto such as staking, airdrops, or interest.
Is transferring to Atomic Wallet taxable?
No, transferring cryptocurrency to Atomic Wallet is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Atomic Wallet?
It is impossible to avoid paying taxes completely for Atomic Wallet 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.