How to Report Your Binance Smart Chain (BSC) Taxes
Coinpanda has direct integration with Binance Smart Chain to simplify tracking your trades and tax reporting. Calculate your taxes and generate all required tax reports and forms easily.
Prepare your tax forms for Binance Smart Chain
There are a few ways you can import your transactions to Coinpanda:
- API import: Connect your account directly using your public address. This is the simplest way to synchronize all your trades, deposits, and withdrawals automatically. Simply follow the steps below to get your public address and your tax forms will be ready shortly.
- File upload: You can also upload a CSV/Excel file instead of connecting your account with public address by following the steps explained below.
- Add manual: The last option is to manually add transactions one by one from the Transactions page. This is only recommended if you have very few transactions.
Remember also to tag your transactions if you have received airdrops, forks or staking rewards!
Supported transaction types
It is important that you import all transactions from Binance Smart Chain to Coinpanda to calculate your taxes accurately. Coinpanda supports the following transaction types from Binance Smart Chain today:
|Tx Type||API import|
|BNB and token transfers|
|Smart contract executions|
Import trades automatically with API
We are only requesting view permissions. This does not give us access to your private keys nor the ability to move your funds.
Coinpanda will automatically sync all transactions from a public address you add. In most cases, you will find your public address after logging in to your wallet. All you have to do is simply copy and paste the address into Coinpanda, and all transactions will be imported automatically!
All your BEP-20 transactions will also be synced in addition to BNB transactions. This includes also transactions from different DeFi protocols like Pancakeswap.
We are updating the API integration for Binance Smart Chain on a weekly basis due to the complexity of BSC. If you suspect that one or more transactions were not imported correctly, deleting all transactions and reimporting might fix this issue.
If you see a transaction not imported correctly after importing from API again, please reach out to us so that we can look into it. We can usually fix any import errors within a few days!
Upload a XLSX/CSV file to Coinpanda
You can also add transactions by uploading a generic Excel file. We support both XLSX and CSV formats. Please follow the steps described in this guide.