If you have been trading, staking, or earning crypto on Mercado Bitcoin, you must also calculate your taxes for all transactions. Coinpanda makes calculating crypto tax for Mercado Bitcoin quick and easy by following these steps:
Create a free account and connect Mercado Bitcoin to Coinpanda safely and securely
Next, Coinpanda will import all your trades, deposits, withdrawals, and rewards from Mercado Bitcoin
Wait for Coinpanda to automatically calculate capital gains and income for your Mercado Bitcoin transactions
Download your Mercado Bitcoin tax report
File your Mercado Bitcoin taxes before the deadline
To calculate your taxes accurately, you must import all transactions from Mercado Bitcoin to Coinpanda. Coinpanda supports the following transactions from Mercado Bitcoin today:
CSV file upload
How to connect Mercado Bitcoin 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 Mercado Bitcoin account to Coinpanda with API:
Log in to your account, then create API keys from the API page.
Copy your API keys to Coinpanda.
Mercado Bitcoin API does not provide data for deposits or withdrawals. Only historical orders can be imported at this time.
How to connect Mercado Bitcoin with CSV
Follow these steps to export your transactions from Mercado Bitcoin:
Log in to your account on Mercado Bitcoin
Look for a page or button on Mercado Bitcoin to export a CSV file containing your transaction data
Remember to export files for all your transactions:
Upload the CSV file(s) to Coinpanda
Some CSV files exported from Mercado Bitcoin do not contain information about currency and amount bought/sold and cannot be uploaded to Coinpanda. You can only upload files that contain ALL information about a trade. We suggest using API import or try contacting Mercado Bitcoin support if the exported CSV file is not uploaded successfully to Coinpanda.
How are Mercado Bitcoin transactions taxed?
The exact tax implications on Mercado Bitcoin 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 Mercado Bitcoin.
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 on Mercado Bitcoin, such as staking, interest, bonuses, and referral rewards, is typically seen as taxable income from a tax perspective and must be reported in your tax return.
To learn more about how Mercado Bitcoin transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Mercado Bitcoin taxes?
First, you must calculate capital gains and income from all taxable transactions on Mercado Bitcoin. 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 Mercado Bitcoin. 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 Mercado Bitcoin 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.
Calculate your Mercado Bitcoin taxes
Sign up free today to calculate your Mercado Bitcoin taxes
How do I troubleshoot the imported Mercado Bitcoin transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Mercado Bitcoin 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 Mercado Bitcoin API
Updated CSV file format
Mercado Bitcoin 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 Mercado Bitcoin 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.
No, Mercado Bitcoin does not provide complete and ready-to-file tax documents. This is because Mercado Bitcoin does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.
How do I get Mercado Bitcoin tax documents?
The easiest way to get tax documents and reports is to connect your Mercado Bitcoin account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Mercado Bitcoin.
Does Mercado Bitcoin provide financial or end-of-year statements?
No, Mercado Bitcoin 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 Mercado Bitcoin?
Yes, all transactions on Mercado Bitcoin 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 Mercado Bitcoin taxable?
No, transferring cryptocurrency to Mercado Bitcoin is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Mercado Bitcoin?
It is impossible to avoid paying taxes completely on Mercado Bitcoin 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.
Can Mercado Bitcoin calculate my taxes?
Mercado Bitcoin 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 Mercado Bitcoin your entire life, it could technically do so.
Is Mercado Bitcoin safe?
Mercado Bitcoin is generally considered to be a safe exchange. Although Mercado Bitcoin follows industry best practices for safety and to prevent malicious attacks, there is always a risk associated with keeping your crypto on centralized third-party exchanges including Mercado Bitcoin.