Coinpanda integrates directly with Bitget to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for Bitget quickly.
If you have been trading, staking, or earning crypto on Bitget, you must also calculate your taxes for all transactions. Coinpanda makes calculating crypto tax for Bitget quick and easy by following these steps:
Create a free account and connect Bitget to Coinpanda safely and securely
Next, Coinpanda will import all your trades, deposits, withdrawals, and rewards from Bitget
Wait for Coinpanda to automatically calculate capital gains and income for your Bitget transactions
Download your Bitget tax report
File your Bitget taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from Bitget to Coinpanda. Coinpanda supports the following transactions from Bitget today:
Tx Type
API import
CSV file upload
Deposits
Withdrawals
Spot trades
Fiat deposits
Realized P&L (futures)
Trading fees (futures)
RECOMMENDED
How to connect Bitget 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 Bitget account to Coinpanda with API:
Hover over the profile icon on the right and select ‘API management’
Select ‘Create API key’
Create a passphrase for your API (Make sure it’s something you’ll remember, as you’ll need it again)
Complete the 2FA verification and select ‘Next’
Copy the API key and API secret to Coinpanda
Coinpanda will automatically aggregate all trading fees and realized pnl from futures trading to a daily transaction for the same contract. This reduces the total number of transactions imported and will not affect your tax calculations.
How to connect Bitget with CSV
Follow these steps to export your transactions from Bitget:
Spot transactions
Log in to your Bitget account
Hover over the wallet icon in the top right corner and select ‘Assets’
Select ‘Financial record’ from the menu on the left and then ‘Spot Record’
Click on ‘Export’
Select ‘Exceed 90days’ and a custom timeframe that includes all your transactions
Keep ‘All Coins’ and ‘All Categories’ checked
Select either EXCEL or CSV format (both are accepted)
Click ‘Generate’
Upload the CSV/XLSX file to Coinpanda when the file is ready
Futures transactions
Select ‘Financial record’ from the menu on the left and then ‘Futures Record’
Click on ‘Export’
Select ‘Exceed 90days’ and a custom timeframe that includes all your transactions
Keep ‘All Coins’ and ‘All Categories’ checked
Select either EXCEL or CSV format (both are accepted)
Click ‘Generate’
Repeat the previous steps also for Coin-M Futures and USDT-M if applicable to you
Upload the CSV/XLSX file to Coinpanda when the file is ready
How are Bitget transactions taxed?
The exact tax implications on Bitget 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 Bitget.
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 offset other gains in most cases.
Income tax: Earned cryptocurrency on Bitget, such as staking, interest, bonuses, and referral rewards, is typically seen as taxable income from a tax perspective and must be reported in your tax return.
To learn more about how Bitget transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Bitget taxes?
First, you must calculate capital gains and income from all taxable transactions on Bitget. 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 Bitget. 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 Bitget 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 2023, but you can also get help from a professional tax accountant to file taxes for you.
How do I troubleshoot the imported Bitget transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Bitget to Coinpanda, it can happen that either not all transactions are imported or that some data is imported incorrectly. Some reasons for this can be:
Changes in the Bitget API
Updated CSV file format
Bitget 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 Bitget 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.
No, Bitget does not provide complete and ready-to-file tax documents. This is because Bitget does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.
How do I get Bitget tax documents?
The easiest way to get tax documents and reports is to connect your Bitget account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Bitget.
Does Bitget provide financial or end-of-year statements?
No, Bitget 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 Bitget?
Yes, all transactions on Bitget 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 Bitget taxable?
No, transferring cryptocurrency to Bitget is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Bitget?
It is impossible to avoid paying taxes completely on Bitget legally if you live in a country that taxes cryptocurrency. However, there are several ways you can reduce your taxes, such as tax loss harvesting.
Can Bitget calculate my taxes?
Bitget 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 Bitget your entire life, it could technically do so.
Is Bitget safe?
Bitget is generally considered to be a safe exchange. Although Bitget follows industry best practices for safety and to prevent malicious attacks, there is always a risk associated with keeping your crypto on centralized third-party exchanges including Bitget.
