Calculate your Kraken taxes automatically and download ready-to-file tax reports in minutes with no manual work required.
API Import
CSV File Upload
What is Kraken?
Kraken is a centralized crypto exchange where users can buy, sell, trade, and transfer cryptocurrencies alongside fiat currencies. Many users use it for spot trading, while Kraken Pro also supports margin trading, futures, and staking in supported regions, giving active traders and long-term holders several ways to manage their crypto in one place. For tax reporting, Kraken users may need a clear record of their transactions, and this guide explains how to handle that with Coinpanda.
How to do your Kraken taxes
You can easily report your Kraken taxes by connecting your Kraken account 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 Kraken.
Supported transactions
Coinpanda supports the most common transaction types from Kraken. 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
Staking rewards
Realized PnL (Margin)
Trading fees (Margin)
Funding payments (Margin)
How to connect Kraken 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 Kraken account to Coinpanda with API:
Click ‘Create API key’ in the Spot trading API section
Give the keys a name (e.g. Coinpanda)
Enable the following permissions:
Funds permissions -> Query
Data -> Query ledger entries
Data -> Export data
Leave the options below unchecked and click ‘Generate key’
Enter the 2FA code and click ‘Enter’
Copy the API Key and Private Key to Coinpanda
Please ensure you have given the permissions listed above while creating the API keys. You can also change the permissions for keys created earlier. Your transaction history cannot be imported unless the correct permissions are granted.
How to connect Kraken with CSV
Follow these steps to export your transactions from Kraken:
Select a date range covering your entire transaction history
Keep ‘All’ selected for Transaction types + Assets + Fields
Select ‘CSV’ as Format
Click ‘Generate’
Download the file when ready
Upload the CSV file to Coinpanda
Trades CSV
On the Documents page: click “+ Create export”
Select ‘Trades’ from the dropdown
Select a date range covering your entire transaction history
Keep ‘All’ selected for Select pair + Fields
Select ‘CSV’ as Format
Click ‘Generate’
Download the file when ready
Upload the CSV file to Coinpanda
Does Kraken provide tax documents?
Typically, exchanges don't provide finalized tax documents for their customers, and Kraken is no exception. It's hard for an exchange to build tax logic that serves customers across many jurisdictions. Hence, it's more practical for a customer to use a tax platform like Coinpanda.
How are Kraken transactions taxed?
The exact tax implications on Kraken 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 on Kraken.
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 on Kraken, such as staking, interest, bonuses, and referral rewards, is typically treated as taxable income and must be reported on your tax return.
To learn more about how Kraken transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How to file your Kraken taxes
First, you must calculate capital gains and income from all taxable transactions on Kraken. 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 on Kraken. 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 Kraken 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 Kraken taxes
Sign up for free today to calculate your Kraken taxes
How do I troubleshoot the imported Kraken transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy when importing transactions from Kraken 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 Kraken API
Updated CSV file format
Kraken 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 Kraken with the transactions imported into your Coinpanda account. See also our help article with an overview of known exchange API limitations.
The quickest way to get help from our dedicated support team is to send a message in the Live Chat.
Kraken cannot calculate your taxes since it does not have knowledge of your transactions made on other exchanges or platforms. However, if you have only interacted with crypto on Kraken your entire life, it could technically do so.
How do I get Kraken tax documents?
The easiest way to get tax documents and reports is to connect your Kraken account with Coinpanda, which will automatically import your transactions. After that, you can download complete tax reports for Kraken.
Does Kraken provide financial or end-of-year statements?
No, Kraken 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 on Kraken?
Yes, all transactions on Kraken involving the disposal of a crypto asset are, in most cases, taxable. You must also pay income tax on earned crypto, such as staking, interest, or referral rewards.
Is transferring to Kraken taxable?
No, transferring cryptocurrency to Kraken is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Kraken?
It is impossible to avoid paying taxes completely on Kraken legally if you live in a country that taxes cryptocurrency. However, there are several ways to reduce your taxes, such as tax-loss harvesting.
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