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How to Report Your Daedalus Taxes

Coinpanda integrates directly with Daedalus to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for Daedalus quickly.

API Import
CSV File Upload
Connect to Daedalus

Supported transactions

To calculate your taxes accurately, you must import all transactions from Daedalus to Coinpanda. Coinpanda supports the following transactions from Daedalus today:

Tx TypeAPI importCSV file upload
Deposits and withdrawalsCheck solid greenCheck solid green
Trades and swapsCheck solid greenCheck solid green
Cardano tokens incl. NFTsCheck solid greenCheck solid green
Staking rewardsCheck solid greenCheck solid green
All public key formatsCheck solid greenCheck solid green

How to connect Daedalus 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 Daedalus account to Coinpanda with API:

  1. Log in to your Daedalus wallet
  2. Select ‘More’ from the top menu
  3. Under ‘Wallet public key’, click the icon on the right
  4. Copy your public key address
  5. Add the public key address to Coinpanda

December 23, 2022
We have just released a brand new Cardano API integration with support for staking rewards, NFTs, and tokens to mention a few. This means you will need to reimport all transactions if you have synced your wallet with API before this date.

We strongly recommend reading the blog article about Cardano taxes explaining everything you need to know about getting your Cardano taxes as accurately as possible:

How to connect Daedalus with CSV

Follow these steps to export your transactions from Daedalus:

  1. Log in to your Daedalus wallet
  2. Select ‘Transactions’ from the top menu
  3. Click on ‘Export CSV’ in the top right corner
  4. Upload the CSV file to Coinpanda

How are Daedalus transactions taxed?

The exact tax implications on Daedalus 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 using Daedalus.

  • 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 using Daedalus, such as staking, interest, and airdrops, is typically seen as taxable income from a tax perspective and must be reported in your tax return.

To learn more about how Daedalus transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.

How do I file my Daedalus taxes?

First, you must calculate capital gains and income from all taxable transactions from Daedalus. 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 using Daedalus. 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 Daedalus 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 Daedalus taxes

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How do I troubleshoot the imported Daedalus transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy for importing transactions from Daedalus 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 Daedalus API
  • Updated CSV file format
  • Daedalus 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 any block explorer with the transactions imported into your Coinpanda account. See also our help article with an overview of known wallet 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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Other options for contacting support:


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Create a support ticket by email

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Frequently asked questions

Does Daedalus provide tax documents?

No, Daedalus does not provide complete and ready-to-file tax documents. This is because Daedalus does not have knowledge of your transactions on other exchanges, platforms, or self-custody wallets.

How do I get Daedalus tax documents?

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

Does Daedalus provide financial or end-of-year statements?

No, Daedalus 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 for using Daedalus?

Yes, all transactions using Daedalus involving the disposal of a crypto asset are in most cases taxable. You must also pay income tax on earned crypto such as staking, airdrops, or interest.

Is transferring to Daedalus taxable?

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

How do I avoid paying taxes on Daedalus?

It is impossible to avoid paying taxes completely for Daedalus 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.

Daedalus Tax Calculator

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