Calculate your Ellipal Wallet taxes automatically and download ready-to-file tax reports in minutes with no manual work required.
API Import
CSV File Upload
What is Ellipal Wallet?
Ellipal Wallet is a crypto hardware wallet and companion app used to store, send, receive, buy, swap, and stake crypto. Its devices are built around an air-gapped setup, with transactions signed through QR codes instead of Bluetooth, Wi-Fi, or USB connections, and the app supports many assets across major networks along with dApp access. If Ellipal Wallet is part of your crypto activity, this guide explains how to report those transactions for tax purposes with Coinpanda.
How to do your Ellipal Wallet taxes
You can easily report your Ellipal Wallet taxes by connecting Ellipal Wallet 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 Ellipal Wallet.
Supported transactions
Coinpanda supports the most common transaction types from Ellipal Wallet. See the full overview below to confirm which transactions are supported before you connect your account.
Tx Type
API import
CSV file upload
Deposits
Withdrawals
Trades
Airdrops/Rewards
RECOMMENDED
How to connect Ellipal Wallet 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 Ellipal Wallet account to Coinpanda with API:
Select the relevant cryptocurrency.
Paste your xPub address or public address.
How to connect Ellipal Wallet with CSV
Follow these steps to export your transactions from Ellipal Wallet:
Log in to your account on Ellipal Wallet
Look for a page or button on Ellipal Wallet to export a CSV file containing your transaction data
Remember to export files for all your transactions:
deposits
withdrawals
trade history
interest payments
staking rewards
Upload the CSV file(s) to Coinpanda
How are Ellipal Wallet transactions taxed?
The exact tax implications on Ellipal Wallet 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 Ellipal Wallet.
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 using Ellipal Wallet, such as staking, interest, and airdrops, is typically seen as taxable income from a tax perspective and must be reported on your tax return.
To learn more about how Ellipal Wallet transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Ellipal Wallet taxes?
First, you must calculate capital gains and income from all taxable transactions from Ellipal Wallet. 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 Ellipal Wallet. 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 Ellipal Wallet 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 Ellipal Wallet taxes
Sign up for free today to calculate your Ellipal Wallet taxes
How do I troubleshoot the imported Ellipal Wallet transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy when importing transactions from Ellipal Wallet 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 Ellipal Wallet API
Updated CSV file format
Ellipal Wallet 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.
No, Ellipal Wallet does not provide complete and ready-to-file tax documents. This is because Ellipal Wallet does not have knowledge of your transactions on other exchanges, platforms, or self-custody wallets.
How do I get Ellipal Wallet tax documents?
The easiest way to get tax documents and reports is to connect Ellipal Wallet with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Ellipal Wallet.
Does Ellipal Wallet provide financial or end-of-year statements?
No, Ellipal Wallet 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 Ellipal Wallet?
Yes, all transactions using Ellipal Wallet 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 Ellipal Wallet taxable?
No, transferring cryptocurrency to Ellipal Wallet is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Ellipal Wallet?
It is impossible to avoid paying taxes completely for Ellipal Wallet 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.
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