Last updated:

How to Report Your Binance Futures Taxes

Coinpanda integrates directly with Binance Futures to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for Binance Futures quickly.

API Import CSV File Upload
Connect to Binance Futures

Supported transactions

To calculate your taxes accurately, you must import all transactions from Binance Futures to Coinpanda. Coinpanda supports the following transactions from Binance Futures today:

Tx TypeAPI importCSV file upload
Realized PnLcheck solid greencheck solid green
Trading feescheck solid greencheck solid green
Funding payments check solid greencheck solid green
Bonuses and rewardscheck solid greencheck solid green
Coin swapscheck solid greencheck solid green
Insurance clearcheck solid greencheck solid green
Referral kickbackcheck solid greencheck solid green
Internal Binance transferscheck solid greencheck solid green
Cross collateral transferscheck solid greencheck solid green
Auto-exchangescheck solid greencheck solid green

How to connect Binance Futures 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 Binance Futures account to Coinpanda with API:

  1. Go to the Binance API page by hovering over the user icon in the top header and then click ‘API Management’
  2. Click on ‘Create Tax Report API’
  3. Click ‘Get code’ to receive a verification code to your email address
  4. Enter the verification code and your 2FA code if required, then click ‘Submit’
  5. Copy the API Key and Secret Key to Coinpanda.

Please note: Earlier in 2022, Binance introduced several limitations to their API so that only futures data from the last three months are available for USD-margined futures. This is, unfortunately, completely out of our control, and we encourage you to contact Binance customer support and request that they remove this limitation. For now, we recommend using file upload as described below instead. COIN-margined futures are not affected by this limitation.

Coinpanda will automatically aggregate all Realized P&L transactions for the same timestamp to a single transaction. All fees and funding payments will be saved as a single daily transaction for each individual settlement currency.

This is done to avoid importing thousands of small transactions of insignificant value often provided by the Binance API. This means that you might see only 100 transactions on Coinpanda instead of 1,000 or 2,000 using another crypto tax platform. The resulting gain/loss will be exactly the same.

You might see one or more Negative balance warnings on the Transactions page. This can happen because Binance allows having negative wallet balances and is, therefore, most likely not due to an error with the API import.

How to connect Binance Futures with CSV

Follow these steps to export your transactions from Binance Futures:

  1. Hover over ‘Orders’ in the top header and click ‘Futures Order’
  2. Click ‘Transaction History’ in the left menu
  3. Click the ‘Export’ button, select ‘Big Data Download’ and select a date range of up to 1 year
  4. Click ‘Generate’ and download the file when ready. Make sure to generate files for all years.
  5. Repeat the previous steps for Coin-margined futures by selecting the ‘COIN-M’ tab
  6. Upload the CVS files to Coinpanda

How are Binance Futures transactions taxed?

The exact tax implications on Binance Futures 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 Binance Futures.

  • 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 Binance Futures, 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 Binance Futures transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.

How do I file my Binance Futures taxes?

First, you must calculate capital gains and income from all taxable transactions on Binance Futures. 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 Binance Futures. 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 Binance Futures 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 Binance Futures taxes

Sign up free today to calculate your Binance Futures taxes

How do I troubleshoot the imported Binance Futures transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy for importing transactions from Binance Futures 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 Binance Futures API
  • Updated CSV file format
  • Binance Futures 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 Binance Futures 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.

Other options for contacting support:


Find answers in our community forum


Create a support ticket by email

Twitter / X

Ask or send us a message on Twitter


Chat with our support team on Discord

Frequently asked questions

Does Binance Futures provide tax documents?

No, Binance Futures does not provide complete and ready-to-file tax documents. This is because Binance Futures does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.

How do I get Binance Futures tax documents?

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

Does Binance Futures provide financial or end-of-year statements?

No, Binance Futures 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 Binance Futures?

Yes, all transactions on Binance Futures 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 Binance Futures taxable?

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

How do I avoid paying taxes on Binance Futures?

It is impossible to avoid paying taxes completely on Binance Futures 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 Binance Futures calculate my taxes?

Binance Futures 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 Binance Futures your entire life, it could technically do so.

Is Binance Futures safe?

Binance Futures is generally considered to be a safe exchange. Although Binance Futures 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 Binance Futures.

Binance Futures Tax Calculator

Calculate your Binance Futures taxes

Sign up for free. Calculate your taxes in less than 15 minutes.

Get Started for Free