How to Report Your NBX Taxes

What is NBX?

NBX is a Norwegian centralized crypto exchange where users can buy, sell, and trade digital assets such as Bitcoin and Ethereum. The platform supports fiat currencies including NOK, SEK, DKK, and EUR, and also offers features such as recurring crypto purchases, OTC trading for larger orders, and optional staking. For tax reporting, NBX users may need a clear record of their trades, transfers, and rewards, and this guide explains how to handle that with Coinpanda.

How to do your NBX taxes

You can easily report your NBX taxes by connecting your NBX 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 NBX.

Supported transactions

Coinpanda supports the most common transaction types from NBX. See the full overview below to confirm which transactions are supported before you connect your account.

How to connect NBX 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 NBX account to Coinpanda with API:

Click ‘Account’ in the menu on the left side
(https://app.nbx.com/account)
Select the ‘API’ tab
Click ‘Create new API key’
Give the key a name (ex: Coinpanda) and click ‘Create’
Copy the Your account ID, API Key, API Secret, and API Passphrase to Coinpanda

How to connect NBX with CSV

Follow these steps to export your transactions from NBX:

Click ‘Orders’ in the menu on the left side
(https://app.nbx.com/orders)
Select the ‘Annual report’ tab
Select a year and click ‘Download Annual Report’
Repeat the previous step for all years you have traded on NBX
Upload the CSV file(s) to Coinpanda

Does NBX provide tax documents?

Typically, exchanges don't provide finalized tax documents for their customers, and NBX 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 NBX transactions taxed?

The exact tax implications on NBX 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 NBX.

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 NBX, 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 NBX transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.

How to file your NBX taxes

First, you must calculate capital gains and income from all taxable transactions on NBX. 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 NBX. 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 NBX 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 NBX taxes

How do I troubleshoot the imported NBX transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy when importing transactions from NBX 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 NBX API
Updated CSV file format
NBX 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 NBX 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.

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Frequently asked questions

Can NBX calculate my taxes?

NBX 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 NBX your entire life, it could technically do so.

How do I get NBX tax documents?

The easiest way to get tax documents and reports is to connect your NBX account with Coinpanda, which will automatically import your transactions. After that, you can download complete tax reports for NBX.

Does NBX provide financial or end-of-year statements?

No, NBX 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 NBX?

Yes, all transactions on NBX 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 NBX taxable?

No, transferring cryptocurrency to NBX is not taxed as long as you transfer between your personal wallets or exchange accounts.

How do I avoid paying taxes on NBX?

It is impossible to avoid paying taxes completely on NBX legally if you live in a country that taxes cryptocurrency. However, there are several ways to reduce your taxes, such as tax-loss harvesting.