How to Report Your Coinbase Pro Taxes

What is Coinbase Pro?

Coinbase Pro was a centralized crypto exchange platform built for spot trading, with order books, charting, market and limit orders, deposits, withdrawals, and trading history across crypto pairs. It has since been replaced by Coinbase Advanced, but many users still have past Coinbase Pro trades and transfers that need to be included in their records. If Coinbase Pro is part of your crypto history, this guide explains how to report those transactions with Coinpanda for tax purposes.

How to do your Coinbase Pro taxes

You can easily report your Coinbase Pro taxes by connecting your Coinbase Pro account to Coinpanda using the API or by uploading a CSV file. Coinpanda automatically imports your transactions, calculates your capital gains and income, and generates ready-to-file tax reports for Coinbase Pro.

Supported transactions

Coinpanda supports the most common transaction types from Coinbase Pro. See the full overview below to confirm which transactions are supported before you connect your account.

How to connect Coinbase Pro 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 Coinbase Pro account to Coinpanda with API:

Click on the user icon in the top right corner and select ‘API’
(https://pro.coinbase.com/profile/api)
Click ‘+ New API Key’
Give the keys a name and select ‘View’ for permissions
Copy your Passphrase. You will only be able to see it before you create the key.
Click ‘Create API Key’ and enter your 2FA if required
Copy your API Key, API Secret, and Passphrase to Coinpanda

Coinbase Pro is scheduled to close down in January 2023. You will not be able to generate API keys or import transactions using old API keys after this. We highly recommend all users export their complete transaction history as a CSV file as soon as possible before the history is lost forever. Coinbase has unofficially confirmed that retrieving the old history will not be possible after Coinbase Pro is closed down.

How to connect Coinbase Pro with CSV

Follow these steps to export your transactions from Coinbase Pro:

Click on the user icon in the top right corner and select ‘Statements’
(https://pro.coinbase.com/profile/statements)
Hover over ‘Generate’ and select ‘Account‘
Select ‘All Accounts’ in the Account dropdown
Select a date range covering your entire history
Select ‘CSV’ in the Format dropdown
Click ‘Generate Report’
Download the file when ready
Upload the file to Coinpanda

The Account CSV file contains your complete history, including deposits, withdrawals, conversions, trades, and rebates. You should only upload this file and NOT the Fills CSV file. Uploading both files will result in duplicate transactions.

Does Coinbase Pro provide tax documents?

Typically, exchanges don't provide finalized tax documents for their customers, and Coinbase Pro 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 Coinbase Pro transactions taxed?

The exact tax implications on Coinbase Pro 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 Coinbase Pro.

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 Coinbase Pro, 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 Coinbase Pro transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.

How to file your Coinbase Pro taxes

First, you must calculate capital gains and income from all taxable transactions on Coinbase Pro. 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 Coinbase Pro. 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 Coinbase Pro 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.

Calculate your Coinbase Pro taxes

How do I troubleshoot the imported Coinbase Pro transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy when importing transactions from Coinbase Pro 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 Coinbase Pro API
Updated CSV file format
Coinbase Pro 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 Coinbase Pro 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.

Start Live Chat!

Other options for contacting support:

Forum

Find answers in our community forum

Create a support ticket by email

Twitter / X

Ask or send us a message on Twitter

Discord

Chat with our support team on Discord

Frequently asked questions

Can Coinbase Pro calculate my taxes?

Coinbase Pro 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 Coinbase Pro your entire life, it could technically do so.

How do I get Coinbase Pro tax documents?

The easiest way to get tax documents and reports is to connect your Coinbase Pro account with Coinpanda, which will automatically import your transactions. After that, you can download complete tax reports for Coinbase Pro.

Does Coinbase Pro provide financial or end-of-year statements?

No, Coinbase Pro 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 Coinbase Pro?

Yes, all transactions on Coinbase Pro 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 Coinbase Pro taxable?

No, transferring cryptocurrency to Coinbase Pro is not taxed as long as you transfer between your personal wallets or exchange accounts.

How do I avoid paying taxes on Coinbase Pro?

It is impossible to avoid paying taxes completely on Coinbase Pro legally if you live in a country that taxes cryptocurrency. However, there are several ways to reduce your taxes, such as tax-loss harvesting.