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How to Report Your PrimeXBT Taxes

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

CSV File Upload
Connect to PrimeXBT

Supported transactions

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

Tx TypeAPI importCSV file upload
Depositsxmark solid redcheck solid green
Withdrawalsxmark solid redcheck solid green
Tradesxmark solid redcheck solid green

How to connect PrimeXBT with API

PrimeXBT does not support API connection at the moment. Please upload a CSV file with your transactions instead.

How to connect PrimeXBT with CSV

Follow these steps to export your transactions from PrimeXBT:

  1. Log in to your account on PrimeXBT
  2. Click ‘Reports’ on the left side
  3. Click ‘Statements’ which will open a new tab
  4. Select and copy all data in the ‘Balance Details’ table at the bottom of the new page
  5. Paste the data into Excel or Google Sheets and save the file
    NB! Make sure also to copy the header, which should have the following columns:
    • Position ID
    • Order/Transfer ID
    • Entry time (UTC)
    • Exit/Transfer Time (UTC)
    • Direction
    • Size
    • Symbol
    • Entry price
    • Exit price
    • Profit/Loss
    • Balance
    • Comment
  6. Upload the CSV or XLSX file to Coinpanda

Coinpanda supports both CSV and XLSX formats for all wallets. If you experience any issues with importing the file from PrimeXBT, please contact customer support.

How are PrimeXBT transactions taxed?

The exact tax implications on PrimeXBT 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 PrimeXBT.

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

How do I file my PrimeXBT taxes?

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

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

Twitter / X

Ask or send us a message on Twitter


Chat with our support team on Discord

Frequently asked questions

Does PrimeXBT provide tax documents?

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

How do I get PrimeXBT tax documents?

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

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

No, PrimeXBT 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 PrimeXBT?

Yes, all transactions on PrimeXBT 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 PrimeXBT taxable?

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

How do I avoid paying taxes on PrimeXBT?

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

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

Is PrimeXBT safe?

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

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