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How to Report Your NiceX Taxes

Coinpanda integrates directly with NiceX to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for NiceX quickly.

API Import
CSV File Upload
Connect to NiceX

Supported transactions

To calculate your taxes accurately, you must import all transactions from NiceX to Coinpanda. Coinpanda supports the following transactions from NiceX today:

Tx TypeAPI importCSV file upload
DepositsCheck solid greenCheck solid green
WithdrawalsCheck solid greenCheck solid green
Spot tradesCheck solid greenCheck solid green

How to connect NiceX 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 NiceX account to Coinpanda with API:

  1. Click on the profile icon in the top-right corner and then ‘My Settings’
  2. Select ‘API Keys’ in the left-side menu
  3. Click the ‘Create New API Key’ button
  4. Enter a name in the ‘App Name’ field (Ex: ‘Coinpanda’)
  5. Activate only the following permissions:
    • ‘Wallet Permissions’ → ‘View balances, wallet activities and deposit addresses
    • ‘Exchange Permissions’ → ‘View exchange orders
    • ‘User Management & Security Permissions’ → ‘View users
  6. Make sure that the box ‘API Key never expires’ is ticked
  7. Keep the IP address field empty and click the ‘Generate API Key’ button
  8. Enter your 2FA code if asked
  9. Copy your ‘API Key Code’ and ‘API Secret Key Code’ to Coinpanda
  10. Tick off the box and click ‘Activate API key now’
  11. Enter the email verification code if asked and click ‘Activate’
  12. The final step is to copy the ‘Organization ID’ found above the list of API keys and save it to Coinpanda

You will need to copy the Organization ID exactly as shown on the API key page. Please see the screenshot below for where this key is located.

Nicehash org id

How to connect NiceX with CSV

Follow these steps to export your transactions from NiceX:

  1. Click on the profile icon in the top-right corner and then ‘My Settings’
  2. Select ‘Reports’ in the left-side menu
  3. Click ‘New Report’
  4. Select ‘ALL’ for the transaction type
  5. Select the currency and time period you want to export transactions for
  6. Click ‘Create’ and download the report when ready
  7. Upload the CSV file to Coinpanda

Only CSV files in English are supported at the moment. Before exporting the CSV file, you must switch your language to English.

How are NiceX transactions taxed?

The exact tax implications on NiceX 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 NiceX.

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

How do I file my NiceX taxes?

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

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How do I troubleshoot the imported NiceX transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy for importing transactions from NiceX 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 NiceX API
  • Updated CSV file format
  • NiceX 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 NiceX 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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Other options for contacting support:


Find answers in our community forum


Create a support ticket by email

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Chat with our support team on Discord

Frequently asked questions

Does NiceX provide tax documents?

No, NiceX does not provide complete and ready-to-file tax documents. This is because NiceX does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.

How do I get NiceX tax documents?

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

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

No, NiceX 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 NiceX?

Yes, all transactions on NiceX 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 NiceX taxable?

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

How do I avoid paying taxes on NiceX?

It is impossible to avoid paying taxes completely on NiceX 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 NiceX calculate my taxes?

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

Is NiceX safe?

NiceX is generally considered to be a safe exchange. Although NiceX 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 NiceX.

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