How to Report Your Binance Taxes

Coinpanda has direct integration with Binance to simplify tracking your trades and tax reporting. Calculate your taxes and generate all required tax reports and forms easily.

Supported transaction types

It is important that you import all transactions from Binance to Coinpanda to calculate your taxes accurately. Coinpanda supports the following transaction types from Binance today:

Tx Type	API import	CSV file upload
Deposits
Withdrawals
Trades
Airdrops
Interest Payments (Margin)
Realized PnL (Futures)
Margin trading (Isolated)
Margin trading (Cross)

Import trades automatically with API

To add your Binance account to Coinpanda, follow these steps:

1. Go to the ‘API Management’ page by hovering over the user icon in the top header.
   (https://www.binance.com/en/usercenter/settings/api-management)
2. Create a new API key by entering a label and clicking the ‘Create’ button.
3. Click ‘Send code’ to receive a verification code to your email address.
4. Enter the verification code and your 2FA code if required.
5. Click ‘Edit restrictions’ and uncheck both ‘Enable Spot & Margin Trading’ and ‘Enable Withdrawals’ (only ‘Can Read’ should be checked).
6. Remember to also check ‘Unrestricted’ for the IP access restrictions. Then click ‘Save’ to save the changes
7. Copy your API Key and Secret Key to Coinpanda.​

Upload a CSV/XLSX file to Coinpanda

Trade transactions:

1. Go to the Trade History page by hovering over ‘Orders’ in the top header and click ‘Spot Order’.
   (https://www.binance.com/en/my/orders/exchange/openorder)
2. Click on ‘Trade History’ in the left menu, and then on ‘Generate All Trade Statements’ (top right corner).
3. You can export a maximum of 1 year of trade history for each file. Make sure to export files for ALL years you have traded on Binance.
4. Click ‘Generate’ to start the process of creating the file. This process can take anywhere from 10 minutes to 1 hour. You will receive an email notification from Binance when the file is ready to download.
5. Upload your CSV file(s) to Coinpanda after downloading.

Note: You can also export the ‘Recent Trade History’ file, but this file has a 3-month limit instead of 1 year for each file.

Deposits and withdrawals:

1. Go to the Spot Wallet page by hovering over ‘Wallet’ in the top header and click ‘Fiat & Spot’.
   (https://www.binance.com/en/my/wallet/account/main)
2. Click ‘Transaction History’ in the left menu.​
3. Click on ‘Export Deposit History’ to download the XLSX file.
4. Next, select ‘Withdraw’ in the ‘Type’ dropdown and repeat the previous step for withdrawals by clicking ‘Export Withdrawal History’.
5. Upload your XLSX file(s) to Coinpanda.

Buy crypto history:

1. Go to the Buy Crypto History page by hovering over ‘Orders’ in the top header and click ‘Buy Crypto History’.
   (https://www.binance.com/en/my/wallet/exchange/buysell-history)
2. Click ‘Export Buy History’ and select a timeframe.​ Click on ‘Export’ to download the XLSX file.
3. Next, select ‘Sell’ in the tab (top-left corner) and repeat the previous step for your sell history.
4. Upload your XLSX file(s) to Coinpanda.

Interest payments (Margin trading):

1. Go to the Margin page by hovering over ‘Orders’ in the top header and click ‘Margin Order’.
   (https://www.binance.com/en/my/orders/margin/openorder)
2. Click ‘Repayment’ in the left menu under the ‘Margin Order’ menu.​
3. Click on ‘Export complete trade history’ and select a timeframe.
4. Click ‘Ok’ to download the XLSX file.
5. Upload your XLSX file(s) to Coinpanda.

Realized PnL (Futures trading):

1. Go to the Futures page by hovering over ‘Orders’ in the top header and click ‘Futures Order’.
   (https://www.binance.com/en/my/orders/futures/openorder)
2. Click ‘Transaction History’ in the left menu under the ‘Futures Orders’ menu.​
3. Click on ‘Export complete transaction history’ and select a timeframe.
4. Click ‘Export’ to download the XLSX file.
5. Upload your XLSX file(s) to Coinpanda.