If you have been trading, staking, or earning crypto on BitGlobal, you must also calculate your taxes for all transactions. Coinpanda makes calculating crypto tax for BitGlobal quick and easy by following these steps:
Create a free account and connect BitGlobal to Coinpanda safely and securely
Next, Coinpanda will import all your trades, deposits, withdrawals, and rewards from BitGlobal
Wait for Coinpanda to automatically calculate capital gains and income for your BitGlobal transactions
Download your BitGlobal tax report
File your BitGlobal taxes before the deadline
To calculate your taxes accurately, you must import all transactions from BitGlobal to Coinpanda. Coinpanda supports the following transactions from BitGlobal today:
CSV file upload
How to connect BitGlobal 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 BitGlobal account to Coinpanda with API:
Give your API key a name (Ex: Coinpanda) and click ‘Create API Key’
Enter the email code received and the 2FA code
Copy the API key and Secret Key to Coinpanda.
The API keys are only valid for 30 days, so you will need to create a new API key after this time to continue syncing your BitGlobal wallet on Coinpanda.
The BitGlobal API seems to not provide data for deposits and withdrawals from 2018 and earlier. Please check if all transactions have been imported or not. You can contact us in the live chat if you think some transactions are missing.
How to connect BitGlobal with CSV
Follow these steps to export your transactions from BitGlobal:
Select a trading pair in the dropdown menu, then click ‘Export Excel’
Select a time period and click ‘Export’ to download the file
Upload the XLSX file to Coinpanda
Note that BitGlobal only allows data export for the past 3 months. If you have transactions before that date, try contacting BitGlobal customer support for a full historical XLSX file. You can import the historical transactions to Coinpanda as well.
How are BitGlobal transactions taxed?
The exact tax implications on BitGlobal 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 BitGlobal.
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 BitGlobal, 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 BitGlobal transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my BitGlobal taxes?
First, you must calculate capital gains and income from all taxable transactions on BitGlobal. 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 BitGlobal. 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 BitGlobal 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.
Calculate your BitGlobal taxes
Sign up free today to calculate your BitGlobal taxes
How do I troubleshoot the imported BitGlobal transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from BitGlobal 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 BitGlobal API
Updated CSV file format
BitGlobal 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 BitGlobal 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, BitGlobal does not provide complete and ready-to-file tax documents. This is because BitGlobal does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.
How do I get BitGlobal tax documents?
The easiest way to get tax documents and reports is to connect your BitGlobal account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for BitGlobal.
Does BitGlobal provide financial or end-of-year statements?
No, BitGlobal 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 BitGlobal?
Yes, all transactions on BitGlobal 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 BitGlobal taxable?
No, transferring cryptocurrency to BitGlobal is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on BitGlobal?
It is impossible to avoid paying taxes completely on BitGlobal 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 BitGlobal calculate my taxes?
BitGlobal 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 BitGlobal your entire life, it could technically do so.
Is BitGlobal safe?
BitGlobal is generally considered to be a safe exchange. Although BitGlobal 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 BitGlobal.