Coinpanda integrates directly with Rabby Wallet to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for Rabby Wallet quickly.
Have you been receiving, sending, or holding crypto on Rabby Wallet? If yes, you may also need to calculate and report taxes for the transactions. Coinpanda can help you with calculating crypto tax for Rabby Wallet by following these steps:
Create a free account and add your Rabby Wallet addresses to Coinpanda safely and securely
Next, Coinpanda will import all your transactions from Rabby Wallet
Wait for Coinpanda to calculate capital gains for your Rabby Wallet transactions automatically
Download your Rabby Wallet tax report
File your Rabby Wallet taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from Rabby Wallet to Coinpanda. Coinpanda supports the following transactions from Rabby Wallet today:
Tx Type
API import
CSV file upload
Deposits and withdrawals
Token swaps
Liquidity mining
Everything DeFi
NFTs
Bridged assets
Failed transactions
Smart contract executions
How to do your Rabby Wallet taxes with Coinpanda
Rabby is a popular cryptocurrency wallet that enables users to access and interact with the Web 3 ecosystem across some of the largest and most popular blockchains like Ethereum, Binance Smart Chain, Avalanche, and Polygon. You can easily receive, send and store tokens like ETH, BNB, and thousands of other ERC20 tokens from the same wallet inside your browser. With more than 5 million users, Rabby has also become the number-one choice for both DeFi and NFT enthusiasts. If you have been using Rabby before, Coinpanda is the perfect tax solution for you:
Add a Rabby wallet and select the blockchain network of your choice (ETH, BNB, etc.)
Add your public address and wait for all transactions to be imported automatically
Coinpanda will import and categorize all transactions – DeFi and NFTs included
Wait for Coinpanda’s tax engine to complete all capital gains calculations
Header over to the Tax Reports section and download your tax reports
Next, we will look at how to connect your Rabby wallet with Coinpanda in more detail.
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How to connect Rabby Wallet 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 Rabby Wallet account to Coinpanda with API:
Open the Rabby browser extension and log in
Select ‘Ethereum Mainnet’ from the dropdown at the top
Click the ‘copy’ icon below the account name to copy your public address
Add the public address to your Rabby wallet on Coinpanda
Repeat the previous steps for all your wallet addresses if you have more than one ETH account
Due to the complexity of Ethereum and other EVM chains, we update the API integration for Rabby Wallet every week. If you suspect one or more transactions were previously not imported correctly, we recommend deleting and reimporting all transactions, which should normally fix the issue.
If you still see a transaction that was not imported correctly, please reach out to us so that we can look into it. We can usually fix any import errors within a few days.
Supported Rabby (EVM) blockchains
Coinpanda has direct integration with more than 43 EVM blockchains supported by Rabby. To connect your Rabby accounts from other blockchains, change the blockchain network in your Rabby wallet to find your public addresses from other networks. You can select any of the 43 supported blockchains when adding a Rabby wallet to your Coinpanda account.
Follow these steps to export your transactions from Rabby Wallet:
Unfortunately, Rabby Wallet does not allow exporting your transaction history as a CSV file. Because of this, the best solution is to import using API in most cases. If you still want to use file upload, you can try exporting a CSV file from any block explorer instead.
How are Rabby Wallet transactions taxed?
The exact tax implications on Rabby Wallet 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 using Rabby Wallet.
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 using Rabby Wallet, such as staking, interest, and airdrops, is typically seen as taxable income from a tax perspective and must be reported in your tax return.
To learn more about how Rabby Wallet transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Rabby Wallet taxes?
First, you must calculate capital gains and income from all taxable transactions from Rabby Wallet. 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 using Rabby Wallet. 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 Rabby Wallet 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 Rabby Wallet taxes
Sign up free today to calculate your Rabby Wallet taxes
How do I troubleshoot the imported Rabby Wallet transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Rabby Wallet 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 Rabby Wallet API
Updated CSV file format
Rabby Wallet 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 any block explorer with the transactions imported into your Coinpanda account. See also our help article with an overview of known wallet API limitations.
The quickest way to get help from our dedicated support team is to send a message in the Live Chat.
No, Rabby Wallet does not provide complete and ready-to-file tax documents. This is because Rabby Wallet does not have knowledge of your transactions on other exchanges, platforms, or self-custody wallets.
How do I get Rabby Wallet tax documents?
The easiest way to get tax documents and reports is to connect Rabby Wallet with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Rabby Wallet.
Does Rabby Wallet provide financial or end-of-year statements?
No, Rabby Wallet 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 for using Rabby Wallet?
Yes, all transactions using Rabby Wallet involving the disposal of a crypto asset are in most cases taxable. You must also pay income tax on earned crypto such as staking, airdrops, or interest.
Is transferring to Rabby Wallet taxable?
No, transferring cryptocurrency to Rabby Wallet is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Rabby Wallet?
It is impossible to avoid paying taxes completely for Rabby Wallet 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.
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