How to Report Your HitBTC Taxes
Coinpanda has direct integration with HitBTC to simplify tracking your trades and tax reporting. Calculate your taxes and generate all required tax reports and forms easily.
Prepare your tax forms for HitBTC
There are a few ways you can import your transactions to Coinpanda:
- API import: Connect your account directly using API keys. This is the simplest way to synchronize all your trades and transactions automatically. Simply follow the steps below to get your API keys (key + secret) and your tax forms will be ready shortly.
- File upload: You can also upload a CSV/Excel file instead of connecting your account with API keys by following the steps explained below.
- Add manual: The last option is to manually add transactions one by one from the Transactions page. This is only recommended if you have very few transactions.
Remember also to tag your transactions if you have received airdrops, forks or staking rewards!
Supported transaction types
It is important that you import all transactions from HitBTC to Coinpanda to calculate your taxes accurately. Coinpanda supports the following transaction types from HitBTC today:
| Tx Type | API import | CSV file upload |
|---|---|---|
| Deposits |  | |
| Withdrawals | | |
| Trades | | |
Import trades automatically with API
We are only requesting view permissions. This does not give us access to your private keys nor the ability to move your funds.
To add your HitBTC account to Coinpanda, follow these steps:
- Click the top-right gear icon. Then go to the ‘API keys’ tab.
(https://hitbtc.com/settings/api-keys) - Click ‘New API Key’.
- Copy your API Key and API Secret to Coinpanda, and click the button to confirm
- Enable permissions for:
– Order book, History, Spot balance
– Payment information - Confirm the changes by entering your 2FA code and click ‘Confirm’
November 17th, 2021 – Important message
We have recently completed a major upgrade to the HitBTC API integration. Because of these major changes, we highly recommend reimporting all transactions if you have synced your HitBTC wallet prior to this date.
Note: Coinpanda adds fee rebates to the amount purchased if this applies to you. For example, you buy 1 BTC and receive a 0.002 BTC fee rebate. Coinpanda will automatically detect this and import the transaction as 1.002 BTC bought instead of 1 BTC.
Upload a CSV file to Coinpanda
Trades:
- Click ‘Reports’ in the top header.
(https://hitbtc.com/reports/spot-trades) - Select ‘My Trades’ under the ‘Spot’ tab.
- Select a date range and click ‘Export .csv’ to download the CSV file for your trades.
- Upload the CSV file to Coinpanda.
Deposits, Withdrawals, Airdrops, etc:
- On the same page, select ‘Transactions History’ under the ‘Wallet’ tab.
(https://hitbtc.com/reports/wallet-transactions) - Select a date range and click ‘Export .csv’ to download the CSV file for your deposits and withdrawals.
- Upload the CSV file to Coinpanda.
