Have you been receiving, sending, or holding crypto on Exodus? If yes, you may also need to calculate and report taxes for the transactions. Coinpanda can help you with calculating crypto tax for Exodus by following these steps:
Create a free account and add your Exodus addresses to Coinpanda safely and securely
Next, Coinpanda will import all your transactions from Exodus
Wait for Coinpanda to calculate capital gains for your Exodus transactions automatically
Download your Exodus tax report
File your Exodus taxes before the deadline
To calculate your taxes accurately, you must import all transactions from Exodus to Coinpanda. Coinpanda supports the following transactions from Exodus today:
CSV file upload
How to connect Exodus 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 Exodus account to Coinpanda with API:
Open your Exodus wallet and log in
Scroll down and select the coin you want to import transactions from
Click ‘Receive’ to locate the public address
Add the address to Coinpanda
Repeat the previous steps for all coins you want to import transactions from
How to connect Exodus with CSV
Follow these steps to export your transactions from Exodus:
Open your Exodus wallet and log in
Click the history icon in the top-right corner
Make sure that ‘All Types’ and ‘All Assets’ are selected
Click the three dots and select ‘Export All Transactions’
The file will be automatically saved to a folder on your computer
Upload the CSV file to Coinpanda
Swap/trade transactions in the Exodus wallet are sometimes not exported correctly in the CSV file. Please verify that the transactions are imported correctly. We recommend importing your transactions with API using public addresses if any issue is found.
Please contact Exodus customer support about the issue in their CSV file if you have further questions.
How are Exodus transactions taxed?
The exact tax implications on Exodus 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 Exodus.
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 Exodus, 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 Exodus transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Exodus taxes?
First, you must calculate capital gains and income from all taxable transactions from Exodus. 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 Exodus. 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 Exodus 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.
How do I troubleshoot the imported Exodus transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Exodus 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 Exodus API
Updated CSV file format
Exodus 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, Exodus does not provide complete and ready-to-file tax documents. This is because Exodus does not have knowledge of your transactions on other exchanges, platforms, or self-custody wallets.
How do I get Exodus tax documents?
The easiest way to get tax documents and reports is to connect Exodus with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Exodus.
Does Exodus provide financial or end-of-year statements?
No, Exodus 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 Exodus?
Yes, all transactions using Exodus 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 Exodus taxable?
No, transferring cryptocurrency to Exodus is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Exodus?
It is impossible to avoid paying taxes completely for Exodus 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.