Coinpanda integrates directly with STEX to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for STEX quickly.
If you have been trading, staking, or earning crypto on STEX, you must also calculate your taxes for all transactions. Coinpanda makes calculating crypto tax for STEX quick and easy by following these steps:
Create a free account and connect STEX to Coinpanda safely and securely
Next, Coinpanda will import all your trades, deposits, withdrawals, and rewards from STEX
Wait for Coinpanda to automatically calculate capital gains and income for your STEX transactions
Download your STEX tax report
File your STEX taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from STEX to Coinpanda. Coinpanda supports the following transactions from STEX today:
Tx Type
API import
CSV file upload
Deposits
Withdrawals
Trades
RECOMMENDED
How to connect STEX 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 STEX account to Coinpanda with API:
Create a new STEX wallet on Coinpanda and click ‘Auto-sync data’
Click ‘Connect with STEX’
You will now be taken to STEX.com to authorize the connection
If prompted, log in to your STEX account
Click ‘Authorize’
Wait for all transactions to be automatically synced to your account
How to connect STEX with CSV
Follow these steps to export your transactions from STEX:
Select a date range, CSV as file format, and keep ‘All selected’ checked
Click ‘Create’
Click the name to download the file when ready
Upload the CSV file to Coinpanda
How are STEX transactions taxed?
The exact tax implications on STEX 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 STEX.
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 STEX, 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 STEX transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my STEX taxes?
First, you must calculate capital gains and income from all taxable transactions on STEX. 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 STEX. 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 STEX 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.
How do I troubleshoot the imported STEX transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from STEX 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 STEX API
Updated CSV file format
STEX 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 STEX 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.
No, STEX does not provide complete and ready-to-file tax documents. This is because STEX does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.
How do I get STEX tax documents?
The easiest way to get tax documents and reports is to connect your STEX account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for STEX.
Does STEX provide financial or end-of-year statements?
No, STEX 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 STEX?
Yes, all transactions on STEX 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 STEX taxable?
No, transferring cryptocurrency to STEX is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on STEX?
It is impossible to avoid paying taxes completely on STEX 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 STEX calculate my taxes?
STEX 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 STEX your entire life, it could technically do so.
Is STEX safe?
STEX is generally considered to be a safe exchange. Although STEX 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 STEX.
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