How to Report Your Bilaxy Taxes

What is Bilaxy?

Bilaxy is a centralized cryptocurrency exchange where users trade crypto-to-crypto spot markets, including major pairs such as BTC/USDT and ETH/USDT as well as many smaller altcoins. Launched in 2018, it is often used by traders looking for exchange listings beyond the largest assets, with markets commonly quoted against USDT, ETH, and BTC. For tax reporting, Bilaxy users may need a clear record of their transactions, and this guide explains how to handle that with Coinpanda.

How to do your Bilaxy taxes

You can easily report your Bilaxy taxes by connecting your Bilaxy account to Coinpanda using the API or by uploading a CSV file. Coinpanda automatically imports your transactions, calculates your capital gains and income, and generates ready-to-file tax reports for Bilaxy.

Supported transactions

Coinpanda supports the most common transaction types from Bilaxy. See the full overview below to confirm which transactions are supported before you connect your account.

How to connect Bilaxy 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 Bilaxy account to Coinpanda with API:

Hover over ‘Account’ and click ‘API Management’
(https://bilaxy.com/account/applyapi)
Giver your API key a tag (Ex: Coinpanda)
Select ‘Read’ for permissions
Enter your security password
Click ‘Submit’ to create the API keys
Copy the API key and API secret to Coinpanda

Bilaxy suffered a hot wallet hack on August 28, 2021. The API is currently offline due to this, but you can still upload old CSV files. If you have questions regarding if/when Bilaxy will be operational again, please contact Bilaxy support.

Note that Bilaxy only allows for data export for the past 3 months from their API. If you have transactions from before that date, you will need to upload a CSV file with older transactions as well.

How to connect Bilaxy with CSV

Follow these steps to export your transactions from Bilaxy:

Bilaxy does not allow exporting your trade/order history as a CSV file from the web interface. You need to contact Bilaxy customer support to request a full historical CSV file of your transactions.

Does Bilaxy provide tax documents?

Typically, exchanges don't provide finalized tax documents for their customers, and Bilaxy is no exception. It's hard for an exchange to build tax logic that serves customers across many jurisdictions. Hence, it's more practical for a customer to use a tax platform like Coinpanda.

How are Bilaxy transactions taxed?

The exact tax implications on Bilaxy 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 Bilaxy.

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, in most cases, offset other gains.
Income tax: Earned cryptocurrency on Bilaxy, such as staking, interest, bonuses, and referral rewards, is typically treated as taxable income and must be reported on your tax return.

To learn more about how Bilaxy transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.

How to file your Bilaxy taxes

First, you must calculate capital gains and income from all taxable transactions on Bilaxy. 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 Bilaxy. 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 Bilaxy 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 2026, but you can also get help from a professional tax accountant to file taxes for you.

Calculate your Bilaxy taxes

How do I troubleshoot the imported Bilaxy transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy when importing transactions from Bilaxy to Coinpanda, it may happen that not all transactions are imported or that some data is imported incorrectly. Some reasons for this can be:

Changes in the Bilaxy API
Updated CSV file format
Bilaxy 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 Bilaxy 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.

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Frequently asked questions

Can Bilaxy calculate my taxes?

Bilaxy 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 Bilaxy your entire life, it could technically do so.

How do I get Bilaxy tax documents?

The easiest way to get tax documents and reports is to connect your Bilaxy account with Coinpanda, which will automatically import your transactions. After that, you can download complete tax reports for Bilaxy.

Does Bilaxy provide financial or end-of-year statements?

No, Bilaxy 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 Bilaxy?

Yes, all transactions on Bilaxy 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 Bilaxy taxable?

No, transferring cryptocurrency to Bilaxy is not taxed as long as you transfer between your personal wallets or exchange accounts.

How do I avoid paying taxes on Bilaxy?

It is impossible to avoid paying taxes completely on Bilaxy legally if you live in a country that taxes cryptocurrency. However, there are several ways to reduce your taxes, such as tax-loss harvesting.