How to file taxes on Bitfinex

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

Get started with your Bitfinex 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!

Bitfinex API connection

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

1. Go to the API page by hovering over the user icon in top right corner, and then click ‘API’.
2. (https://www.bitfinex.com/api)
3. Click ‘Create New Key’.
4. Keep the default permissions unchanged (all read permissions enabled).
5. Enter a label for your API key, and then click ‘Generate API key’.
6. Check your email and confirm the new API key from the verification email sent from Bitfinex.
7. Copy your API key and API secret to Coinpanda.

Bitfinex file upload

Bitfinex trade transactions:

1. Go to the Reports page by hovering over the user icon in top right corner, and then click ‘Reports’.
2. (https://www.bitfinex.com/reports)
3. Click on ‘Trades’ under the Trading section.
4. Click the calendar icon in the top left corner. Select a date range for the trades you want to export.
5. Click ‘Export’ and select ‘YY-MM-DD’ under Date Format.
6. Click the ‘Export’ button.
7. You will receive your CSV file by email. Save the file and then upload your CSV file to Coinpanda.

Bitfinex deposits and withdrawals:

1. Go to the Reports page by hovering over the user icon in top right corner, and then click ‘Reports’.
2. (https://www.bitfinex.com/reports)
3. Click ‘Deposits’ or ‘Withdrawals’. Click the calendar icon in the top left corner and select a date range for your deposits or withdrawals.
4. Click ‘Export’ and select ‘YY-MM-DD’ under Date Format.
5. Click the ‘Export’ button.
6. You will receive your CSV file by email. Save the file and then upload your CSV file to Coinpanda.