How to file taxes on Binance

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

Get started with your Binance taxes

There are a few ways you can import your transactions to Coinpanda:

• API connection: connect your account directly using API keys. This is the simplest way to synchronize all your trades and transactions automatically. Simply follow the steps below to get your API keys (key + secret) and your tax forms will be ready in less than 5 minutes.
• File upload: you can upload CSV/Excel file instead of connecting your account with API keys.
• Add manual: you can always manually add transactions one by one from the Transactions page.

Remember also to tag your transactions if you have received airdrops, forks or staking rewards!

Binance API connection

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

1. Go to the API Management page by hovering over the user icon in top header.
2. (https://www.binance.com/en/usercenter/settings/api-management)
3. Create a new API key by entering a label and clicking the ‘Create’ button.
4. Enter your 2FA code if required.
5. Check your inbox for confirmation from Binance and click ‘Confirm Create’ link in the email.
6. Click on the link to view your API key and API secret. Click ‘Edit restrictions’ and uncheck both ‘Enable Trading’ and ‘Enable Withdrawals’ (only ‘Read Only’ should be checked). Remember to also check ‘Unrestricted’ for the IP access restrictions.
7. Copy your API key and API secret to Coinpanda.​

Binance file upload

Binance trade transactions:

1. Go to the Trade History page by hovering over ‘Orders’ in top header and click ‘Spot Order’.
2. (https://www.binance.com/en/usercenter/history/user-trade)
3. Click on ‘Trade History’ in the left menu, and then on ‘Export complete trade history’ (top right corner).
4. You can export maximum 3 months of trade history for each file. Make sure to export files that include trades for all years and months you have traded on Binance.
5. Click “Ok” to download the XLSX file.
6. Upload your XLSX file(s) to Coinpanda.

Binance deposits and withdrawals:

1. Go to the Spot Wallet page by hovering over ‘Wallet’ in top header and click ‘Spot Wallet’.
   (https://www.binance.com/en/usercenter/wallet/balances)
2. Click ‘Deposit & Withdrawal History’ in the left menu.​
3. Click on ‘Export Deposit History’ to download the XLSX file.
4. Click the ‘Withdrawal’ tab and then repeat the step above for withdrawals by clicking ‘Export Withdrawal History’.
5. Upload your XLSX file(s) to Coinpanda.