If you have been trading, staking, or earning crypto on Buda, you must also calculate your taxes for all transactions. Coinpanda makes calculating crypto tax for Buda quick and easy by following these steps:
Create a free account and connect Buda to Coinpanda safely and securely
Next, Coinpanda will import all your trades, deposits, withdrawals, and rewards from Buda
Wait for Coinpanda to automatically calculate capital gains and income for your Buda transactions
Download your Buda tax report
File your Buda taxes before the deadline
To calculate your taxes accurately, you must import all transactions from Buda to Coinpanda. Coinpanda supports the following transactions from Buda today:
CSV file upload
How to connect Buda 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 Buda account to Coinpanda with API:
Click your email address in the top right corner
Click on ‘Configuración’ (Settings)
Click ‘API’ in the menu on the left side
Click on ‘Create new key’ and select ‘Read-only’ permissions
Copy the API key and Secret key to Coinpanda.
There are unknown limitations with the API from Buda, which can result in not all trades being imported. If not all transactions are imported, we recommend uploading CSV files instead.
How to connect Buda with CSV
Follow these steps to export your transactions from Buda:
Click on ‘Mi Billetera’ (My wallet)
Select the ‘Cartola’ tab
Click on the blue ‘Generar Planilla’ button
Wait for the Excel file with your transaction history to be sent to your email
Download the file from the email you received
Upload the XLSX file to Coinpanda
How are Buda transactions taxed?
The exact tax implications on Buda 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 Buda.
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 Buda, 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 Buda transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Buda taxes?
First, you must calculate capital gains and income from all taxable transactions on Buda. 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 Buda. 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 Buda 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 Buda transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Buda 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 Buda API
Updated CSV file format
Buda 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 Buda 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, Buda does not provide complete and ready-to-file tax documents. This is because Buda does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.
How do I get Buda tax documents?
The easiest way to get tax documents and reports is to connect your Buda account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Buda.
Does Buda provide financial or end-of-year statements?
No, Buda 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 Buda?
Yes, all transactions on Buda 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 Buda taxable?
No, transferring cryptocurrency to Buda is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Buda?
It is impossible to avoid paying taxes completely on Buda 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 Buda calculate my taxes?
Buda 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 Buda your entire life, it could technically do so.
Is Buda safe?
Buda is generally considered to be a safe exchange. Although Buda 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 Buda.