Coinpanda integrates directly with Crypto.com Exchange to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for Crypto.com Exchange quickly.
If you have been trading, staking, or earning crypto on Crypto.com Exchange, you must also calculate your taxes for all transactions. Coinpanda makes calculating crypto tax for Crypto.com Exchange quick and easy by following these steps:
Create a free account and connect Crypto.com Exchange to Coinpanda safely and securely
Next, Coinpanda will import all your trades, deposits, withdrawals, and rewards from Crypto.com Exchange
Wait for Coinpanda to automatically calculate capital gains and income for your Crypto.com Exchange transactions
Download your Crypto.com Exchange tax report
File your Crypto.com Exchange taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from Crypto.com Exchange to Coinpanda. Coinpanda supports the following transactions from Crypto.com Exchange today:
Tx Type
API import
CSV file upload
Deposits
Withdrawals
Spot trades
Margin trades*
* Support for margin trades is coming later
RECOMMENDED
How to connect Crypto.com Exchange 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 Crypto.com Exchange account to Coinpanda with API:
Ensure that only ‘Can Read’ is ticked off and ‘Unrestricted’ is selected for IP access
Copy the API key and Secret key to Coinpanda
Click ‘Save’ to activate the key
Transactions like staking rewards, bonuses, and airdrops cannot be imported because the Crypto.com API does not provide this data. You must add any such missing transactions by supplementing the API with a CSV file. You can also contact Crypto.com support and request that they upgrade their API to include all types of transactions.
How to connect Crypto.com Exchange with CSV
Follow these steps to export your transactions from Crypto.com Exchange:
Select a date range and keep ‘All’ selected for Transaction Type and Instrument
Click ‘Export’
Upload the CSV file to Coinpanda.
How are Crypto.com Exchange transactions taxed?
The exact tax implications on Crypto.com Exchange 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 Crypto.com Exchange.
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 Crypto.com Exchange, 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 Crypto.com Exchange transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Crypto.com Exchange taxes?
First, you must calculate capital gains and income from all taxable transactions on Crypto.com Exchange. 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 Crypto.com Exchange. 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 Crypto.com Exchange 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 Crypto.com Exchange taxes
Sign up free today to calculate your Crypto.com Exchange taxes
How do I troubleshoot the imported Crypto.com Exchange transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Crypto.com Exchange 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 Crypto.com Exchange API
Updated CSV file format
Crypto.com Exchange 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 Crypto.com Exchange 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, Crypto.com Exchange does not provide complete and ready-to-file tax documents. This is because Crypto.com Exchange does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.
How do I get Crypto.com Exchange tax documents?
The easiest way to get tax documents and reports is to connect your Crypto.com Exchange account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Crypto.com Exchange.
Does Crypto.com Exchange provide financial or end-of-year statements?
No, Crypto.com Exchange 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 Crypto.com Exchange?
Yes, all transactions on Crypto.com Exchange 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 Crypto.com Exchange taxable?
No, transferring cryptocurrency to Crypto.com Exchange is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Crypto.com Exchange?
It is impossible to avoid paying taxes completely on Crypto.com Exchange 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 Crypto.com Exchange calculate my taxes?
Crypto.com Exchange 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 Crypto.com Exchange your entire life, it could technically do so.
Is Crypto.com Exchange safe?
Crypto.com Exchange is generally considered to be a safe exchange. Although Crypto.com Exchange 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 Crypto.com Exchange.
