How to Report Your LocalBitcoins Taxes

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

API import CSV file import

Supported transaction types

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

Tx TypeAPI importCSV file upload
Deposits
Withdrawals

Trades

RECOMMENDED

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 LocalBitcoins account to Coinpanda, follow these steps:

  1. Click the user icon in the top-right corner, then ‘Settings’.
    (https://localbitcoins.com/settings/)
  2. Select the ‘Advanced’ tab.
  3. Click on ‘Manage Apps’ under the ‘Third-Party Applications’ section.
  4. Click on ‘New HMAC Authentication’.
  5. Type Coinpanda in the ‘Name’ field.
  6. Enable the ‘Read’ permission.
  7. Click ‘Create’.
  8. Under HMAC authentications you should see a new key with the name Coinpanda. Click on the name.
  9. Copy the API Key and API Secret to Coinpanda.

Only deposits and withdrawals from the past 30 days can be imported from API. You will need to upload a CSV file in addition if you have deposits/withdrawals older than that.

Upload a CSV file to Coinpanda

  1. Click the user icon in the top-right corner, then ‘Settings’.
    (https://localbitcoins.com/settings/)
  2. Select the ‘Security’ tab.
  3. Click on ‘View’ for Personal Data.
  4. Next, click on ‘Collect personal data’ and download the ZIP file when ready.
  5. The ZIP file will include several different files and folders. The only two files you should save are:
    • contacts.csv (buy and sell history)
    • transaction_history.csv (deposits and withdrawals)
  6. Upload the two CSV files to Coinpanda.

Should you have any further questions, please contact support:

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