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How to Report Your Poloniex Futures Taxes

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

API Import CSV File Upload
Connect to Poloniex Futures

Supported transactions

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

Tx TypeAPI importCSV file upload
Depositscheck solid greencheck solid green
Withdrawalscheck solid greencheck solid green
Realized PnLcheck solid greencheck solid green
Trading Feescheck solid greencheck solid green
Funding Costscheck solid greencheck solid green
Rewardscheck solid greencheck solid green

How to connect Poloniex Futures 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 Poloniex Futures account to Coinpanda with API:

  1. Hover over the user icon in the top header and click ‘Profile’
  2. Select the ‘Futures API Keys’ tab
  3. Enter a name for your keys (ex: Coinpanda)
  4. Enter a passphrase, then click ‘Create’
    Remember to write down the passphrase since you will not be able to see this again later
  5. If required, enter the email verification code + 2FA code
  6. Copy the API Key, Secret Key and the Passphrase created earlier to Coinpanda

Please be aware that the Realized P&L imported from the API is the total amount of Realized P&L of closed positions *and* funding costs and trading fees within the last 8 hours. Due to this, separate transactions for each funding payment and closed positions may not be imported, but the net gain/loss (wallet balance change) will still be 100% accurate.

How to connect Poloniex Futures with CSV

Follow these steps to export your transactions from Poloniex Futures:

  1. Go to the Wallet Activity page by clicking ‘Activity’ in the top menu
  2. Click on ‘Futures’ and then ‘Transaction History’
  3. Select a time period and click ‘Export CSV’ to download the file
    NB! Coinpanda needs your transactions from all years!
  4. Upload your CSV file(s) to Coinpanda

You can also import the ‘PNL History’ and ‘Funding History’ CSV files instead of the ‘Transaction History’ CSV file.

How are Poloniex Futures transactions taxed?

The exact tax implications on Poloniex Futures 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 Poloniex Futures.

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

How do I file my Poloniex Futures taxes?

First, you must calculate capital gains and income from all taxable transactions on Poloniex Futures. 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 Poloniex Futures. 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 Poloniex Futures 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 Poloniex Futures transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy for importing transactions from Poloniex Futures 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 Poloniex Futures API
  • Updated CSV file format
  • Poloniex Futures 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 Poloniex Futures 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.

Other options for contacting support:


Find answers in our community forum


Create a support ticket by email

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Ask or send us a message on Twitter


Chat with our support team on Discord

Frequently asked questions

Does Poloniex Futures provide tax documents?

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

How do I get Poloniex Futures tax documents?

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

Does Poloniex Futures provide financial or end-of-year statements?

No, Poloniex Futures 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 Poloniex Futures?

Yes, all transactions on Poloniex Futures 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 Poloniex Futures taxable?

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

How do I avoid paying taxes on Poloniex Futures?

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

Poloniex Futures 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 Poloniex Futures your entire life, it could technically do so.

Is Poloniex Futures safe?

Poloniex Futures is generally considered to be a safe exchange. Although Poloniex Futures 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 Poloniex Futures.

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