How to Report Your FTX Taxes

Coinpanda has direct integration with FTX to simplify tracking your trades and tax reporting. Calculate your taxes and generate all required tax reports and forms easily.

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API Sync

File Upload

Supported transaction types

It is important that you import all transactions from FTX to Coinpanda to calculate your taxes accurately. Coinpanda supports the following transaction types from FTX today:

Tx TypeAPI importCSV file upload
Depositscheck solid greencheck solid green
Withdrawalscheck solid greencheck solid green
Trades + Conversions (Spot)check solid greencheck solid green
Trades (Futures)check solid greencheck solid green
Realized PnL (Futures)check solid greencheck solid green
Trading Fees (Futures)check solid greencheck solid green
Funding Payments (Futures)check solid greencheck solid green
Rebase tokens (Ampleforth)check solid greencheck solid green
Staking Rewardscheck solid greencheck solid green
Stablecoin conversions*xmark solid redxmark solid red

* The FTX API does not provide data for USD to stablecoin conversions. FTX does also not allow exporting these transactions from their web interface. The only solution now is to add these transactions manually for your portfolio to be accurate.

December 28th, 2021 – Important message
We have focused a lot on this integration and made several major changes and updates during the past 6 months. To make sure that our integration is as accurate as possible, *and* to avoid possible issues in the future, we have been forced to deploy changes that might not be backward compatible for all users if you have synced your wallet prior to December 28th.

We recommend therefore deleting all transactions previously imported to FTX and importing from API again to have all updates reflected. Doing this will most likely increase the accuracy of your tax reports and minimize the time you need to troubleshoot balance discrepancies, missing transactions, etc.

RECOMMENDED

Import trades automatically 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.

To add your FTX account to Coinpanda, follow these steps:

  1. Click on your email address in the top header, then ‘Settings’.
    (https://ftx.com/profile)
  2. Click the ‘API’ tab on the left side.
  3. Click ‘Create Read-Only API Key’.
  4. Copy the API Key and API Secret to Coinpanda.

Coinpanda has also support for FTX subaccounts! You will need to create a separate API key and FTX wallet on Coinpanda for each subaccount. The API key created for your main account will only sync data from this account.

Coinpanda will automatically aggregate all staking rewards, funding payments, futures fees, and AMPL rebases to a single daily transaction to reduce the total number of transactions imported. Spot trades are imported as a single transaction for the same order.

Please be aware that many other crypto tax solutions do not treat transactions on FTX correctly for tax purposes. This applies especially if you have traded futures. If you are using different tax software and they instruct you to upload the “PnL History” CSV file, your tax calculations will NOT be correct.

Coinpanda was the first crypto tax software to add API integration with FTX. Our integration was launched in April 2020, and we are still the only tax solution that supports FTX futures accurately for tax purposes to this date that we are aware of.

Upload a CSV file to Coinpanda

Spot trades, leveraged tokens, and futures

  1. Go to the Trade History page by clicking ‘Orders’ in the top header and then ‘Trade History’.
    (https://ftx.com/fills)
  2. In the first window (Trades), click the ‘Filter time window’ icon (top-right corner) and select a time period that includes all your transactions on FTX, and then click ‘Search’.
  3. Next, click on the ‘Download CSV’ icon to download the CSV file.
  4. Upload the CSV file to Coinpanda.

It is critical that the CSV file contains your COMPLETE trade history for the closed PNL (futures) transactions to be imported correctly. The majority of your futures transactions will most likely be imported incorrectly if even just a single transaction is missing from the file. For this reason, we recommend always using API sync instead of file import if you have traded futures (perps or quarterly) on FTX.

Funding payments, airdrops, and rebases

  1. Go to the same page (Trade History).
    (https://ftx.com/fills)
  2. Click the ‘Filter time window’ icon for Funding Payments and select a time period that includes all your transactions on FTX, and then click ‘Search’.
  3. Download the file and repeat the previous steps also for ‘Airdrops & Rebases’.
  4. Upload your CSV file(s) to Coinpanda.

Deposits and Withdrawals

  1. Go to the Wallet page by clicking ‘Wallet’ in the top header.
    (https://ftx.com/wallet)
  2. Select the ‘DEPOSITS’ tab
  3. Next, click the ‘Filter time window’ icon (top-right corner) and select a time period that includes all your deposits on FTX, and then click ‘Search’.
  4. Click on ‘Show time in UTC’.
  5. Click on the ‘Download CSV’ icon.
  6. Repeat the previous three steps also for ‘WITHDRAWALS’.
  7. Upload the CSV file(s) to Coinpanda.

Staking rewards

  1. Go to the Staking page on FTX.
    (https://ftx.com/staking)
  2. In the ‘Staking Reward History’ window, click the ‘Filter time window’ icon (top-right corner) and select a time period that includes all your received staking rewards, and then click ‘Search’.
  3. Next, click on the ‘Download CSV’ icon to download the CSV file.
  4. Upload the CSV file to Coinpanda.

FTX allows exporting a maximum of 5000 transactions in each CSV file. Because rewards are paid out hourly, you might need to export multiple files by selecting specific time periods that do not exceed 5000 transactions. Please contact FTX support if you have other questions about exporting your complete staking history.

Should you have any further questions, please contact support:

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