Cobinhood has officially shut down, but you can still upload old CSV files to Coinpanda.
What is Cobinhood?
Cobinhood was a centralized cryptocurrency exchange where users could trade crypto pairs and move funds on and off the platform. It stood out for its zero-trading-fee model and also offered margin trading, but the exchange announced a shutdown and account-balance audit in January 2020 and later became inactive. If Cobinhood is part of your historical crypto activity, you may need to include those trades, deposits, and withdrawals in your tax reporting; this guide explains how to handle that with Coinpanda.
How to do your Cobinhood taxes
You can easily report your Cobinhood taxes by uploading your Cobinhood transaction history to Coinpanda as a CSV file. Coinpanda automatically imports your transactions, calculates your capital gains and income, and generates ready-to-file tax reports for Cobinhood.
Does Cobinhood provide tax documents?
Typically, exchanges don't provide finalized tax documents for their customers, and Cobinhood is no exception. It's hard for an exchange to build tax logic that serves customers across many jurisdictions. Hence, it's more practical for a customer to use a tax platform like Coinpanda.
How are Cobinhood transactions taxed?
The exact tax implications on Cobinhood 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 Cobinhood.
- 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, in most cases, offset other gains.
- Income tax: Earned cryptocurrency on Cobinhood, such as staking, interest, bonuses, and referral rewards, is typically treated as taxable income and must be reported on your tax return.
To learn more about how Cobinhood transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How to file your Cobinhood taxes
First, you must calculate capital gains and income from all taxable transactions on Cobinhood. 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 Cobinhood. 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 Cobinhood 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 2026, but you can also get help from a professional tax accountant to file taxes for you.
How do I troubleshoot the imported Cobinhood transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy when importing transactions from Cobinhood to Coinpanda, it may happen that not all transactions are imported or that some data is imported incorrectly. Some reasons for this can be:
- Changes in the Cobinhood API
- Updated CSV file format
- Cobinhood 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 Cobinhood 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.
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Frequently asked questions
Can Cobinhood calculate my taxes?
Cobinhood 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 Cobinhood your entire life, it could technically do so.
How do I get Cobinhood tax documents?
The easiest way to get tax documents and reports is to connect your Cobinhood account with Coinpanda, which will automatically import your transactions. After that, you can download complete tax reports for Cobinhood.
Does Cobinhood provide financial or end-of-year statements?
No, Cobinhood 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 Cobinhood?
Yes, all transactions on Cobinhood 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 Cobinhood taxable?
No, transferring cryptocurrency to Cobinhood is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Cobinhood?
It is impossible to avoid paying taxes completely on Cobinhood legally if you live in a country that taxes cryptocurrency. However, there are several ways to reduce your taxes, such as tax-loss harvesting.
