Calculate your Binance taxes automatically and download ready-to-file tax reports in minutes with no manual work required.
API Import
CSV File Upload
What is Binance?
Binance is a centralized cryptocurrency exchange where users can buy, sell, convert, and trade crypto through spot and derivatives markets. The platform also includes earning products such as Simple Earn, along with tools like copy trading and crypto loans, so a Binance account can generate more than just straightforward trade history. For tax reporting, Binance users may need a clear record of their trades, transfers, and rewards; this guide explains how to handle that with Coinpanda.
How to do your Binance taxes
You can easily report your Binance taxes by connecting your Binance 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 Binance.
Supported transactions
Coinpanda supports the most common transaction types from Binance. See the full overview below to confirm which transactions are supported before you connect your account.
Tx Type
API import
CSV file upload
Spot trades
Deposits and withdrawals
Staking/Airdrops/Rewards/Distributions
Dust to BNB conversion
Binance Liquid Swap (BSwap)
Binance Leveraged Tokens (BLVT)
Convert History
Buy/Sell Crypto History (fiat)
Fiat deposits/withdrawals
C2C Trades
Binance Pay (Binance Card)
Commission rebates
Referral kickbacks
BUSD Auto-Conversion
Futures trading (realized pnl, funding, fees)*
Margin trading (Cross)*
Margin trading (Isolated)*
* Binance (All Accounts) lets you import transactions from all your Binance accounts into a single wallet. If you use the standard Binance integration instead, you will need to create separate wallets for Binance Futures, Binance Cross Margin, and Binance Isolated Margin.
How to connect Binance 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 account to Coinpanda with API:
The Binance API has several limitations that are important to be aware of. Please refer to this list for more information and guidance on how to proceed.
How to connect Binance with CSV
Follow these steps to export your transactions from Binance:
Only the relevant transactions will be imported into each wallet, so you do not need to edit any files. Duplicate transactions will not be imported.
While the Transaction History file is the recommended option, you can also upload other CSV or XLSX files exported from Binance. Below, we mention the other files you can export from your Binance account.
Trade history (spot):Trade History > Spot > Trade History
Order history (spot):Trade History > Spot > Order History
Deposits:Asset History > Deposit History
Withdrawals:Asset History > Withdraw History
C2C history:Asset History > C2C History
Referrals:Asset History > Referral History
Futures transaction history:Trade History > Futures > Transaction History
Futures position history:Trade History > Futures > Position History
Binance API limitations
Both the Binance API and file export functionality (web interface) have several limitations which are very important to be aware of.
Trades made with delisted coins cannot be synced from API. You have essentially two options to get around this if you have traded any delisted coins:
Select the Start import from: Now option in the modal where you add API keys and upload your historical transactions with CSV/XLSX files instead
Add trades with delisted coins using the Coinpanda generic file or uploading a CSV/XLSX file from Binance that ONLY contains trades for delisted coins to avoid duplicate transactions with data already imported from API
Only dust to BNB conversions from December 1, 2020, can be imported
Internal Binance transfers between your Spot, Futures, and Margin wallets can only be imported from the past 6 months. This limitation was introduced by Binance in November 2021. Unfortunately, we don’t have any control over what changes Binance decides to make now or in the future.
We recommend using the Coinpanda generic file whenever you import transactions manually.
Does Binance provide tax documents?
Typically, exchanges don't provide finalized tax documents for their customers, and Binance 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 Binance transactions taxed?
The exact tax implications on Binance 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.
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 Binance, 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 Binance transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How to file your Binance taxes
First, you must calculate capital gains and income from all taxable transactions on Binance. 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. 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 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 Binance taxes
Sign up for free today to calculate your Binance taxes
How do I troubleshoot the imported Binance transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy when importing transactions from Binance 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 Binance API
Updated CSV file format
Binance 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 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.
Binance 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 your entire life, it could technically do so.
How do I get Binance tax documents?
The easiest way to get tax documents and reports is to connect your Binance account with Coinpanda, which will automatically import your transactions. After that, you can download complete tax reports for Binance.
Does Binance provide financial or end-of-year statements?
No, Binance 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?
Yes, all transactions on Binance 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 taxable?
No, transferring cryptocurrency to Binance is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Binance?
It is impossible to avoid paying taxes completely on Binance legally if you live in a country that taxes cryptocurrency. However, there are several ways to reduce your taxes, such as tax-loss harvesting.
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