How to do your KuCoin taxes
If you have been trading, staking, or earning crypto on KuCoin, you must also calculate your taxes for all transactions. Coinpanda makes calculating crypto tax for KuCoin quick and easy by following these steps:
- Create a free account and connect KuCoin to Coinpanda safely and securely
- Next, Coinpanda will import all your trades, deposits, withdrawals, and rewards from KuCoin
- Wait for Coinpanda to automatically calculate capital gains and income for your KuCoin transactions
- Download your KuCoin tax report
- File your KuCoin taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from KuCoin to Coinpanda. Coinpanda supports the following transactions from KuCoin today:
| Tx Type | API import | CSV file upload |
|---|---|---|
| Deposits and withdrawals |  | |
| Spot trades | | |
| Converts / instant exchanges | | |
| Fees paid in KCS | | |
| Staking rewards | | |
| Mining rewards | | |
| Dust to KCS conversions | | |
| Rewards, airdrops, bonuses, forks | | |
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How to connect KuCoin with API
We are only requestingview permissions. This does not give us access to your private keys or the ability to move your funds.
Follow these steps to add your KuCoin account to Coinpanda with API:
- Hover over the user icon in the top-right corner and click ‘API Management’
(https://www.kucoin.com/account/api) - Click ‘Create API’
- Enter a name (ex: Coinpanda) and the ‘API Passphrase’ field
NB! The Passphrase will not be shown again, so remember to write it down - Keep only the ‘General’ checkbox selected
- Select ‘No’ for IP Restriction
- Click ‘Next’, then enter your trading password, verification code, and 2FA code
- Click the link in the email to activate the API keys
- Copy the API Key, API Secret, and Passphrase created earlier to Coinpanda
As of November 2023, KuCoin has limited the data available from API to the last 365 days. Except for deposits and withdrawals, only transactions made in the last year can be imported from API. We recommend uploading CSV files instead if you have older transactions in your KuCoin account.
How to connect KuCoin with CSV
Follow these steps to export your transactions from KuCoin:
The Asset History files are currently not supported since these files include deposits, withdrawals, spot trades, and other transactions that are already included in the other required files mentioned below. For this reason, some transactions only included in the Asset History files, such as bonuses and rewards, cannot be imported now but will be supported soon (ETA: February 2024).
All transactions
- Hover over ‘Orders’ in the top-right corner and click ‘Spot Trade History’
(https://www.kucoin.com/order/trade/history) - Click ‘Export’ in the top-right corner
- Select all the transaction types below (or just the ones based on your needs):
- Deposit/Withdrawal History
- Spot Orders
- Margin Orders
- Trading Bot
- Convert Orders
- Futures Orders
- Earn Orders
- Fiat Orders
- Select a time range of up to one year
- Select ‘(UTC-0) Europe/Greenwich‘ as timezone
- Keep CSV as the selected file type
- Click ‘Confirm’
- Repeat the previous steps for all years you have used KuCoin
- You will receive an email from KuCoin when the files can be downloaded
- Upload the CSV file(s) to Coinpanda
How are KuCoin transactions taxed?
The exact tax implications on KuCoin 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 KuCoin.
- 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 KuCoin, 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 KuCoin transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my KuCoin taxes?
First, you must calculate capital gains and income from all taxable transactions on KuCoin. 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 KuCoin. 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 KuCoin 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 KuCoin taxes
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How do I troubleshoot the imported KuCoin transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from KuCoin 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 KuCoin API
- Updated CSV file format
- KuCoin 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 KuCoin 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.
Start Live Chat!
Other options for contacting support:
01
Forum
Find answers in our community forum
02
Create a support ticket by email
Frequently asked questions
Does KuCoin provide tax documents?
No, KuCoin does not provide complete and ready-to-file tax documents. This is because KuCoin does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.
How do I get KuCoin tax documents?
The easiest way to get tax documents and reports is to connect your KuCoin account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for KuCoin.
Does KuCoin provide financial or end-of-year statements?
No, KuCoin 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 KuCoin?
Yes, all transactions on KuCoin 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 KuCoin taxable?
No, transferring cryptocurrency to KuCoin is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on KuCoin?
It is impossible to avoid paying taxes completely on KuCoin 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 KuCoin calculate my taxes?
KuCoin 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 KuCoin your entire life, it could technically do so.
Is KuCoin safe?
KuCoin is generally considered to be a safe exchange. Although KuCoin 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 KuCoin.
