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It is possible to reduce your taxes by declaring your losses. Take advantage of the bear market!
How to do your Bitpanda taxes in 2022
| Transaction type | File Import | Automatic Import |
|---|---|---|
| Withdrawals | ||
| Deposits | ||
| Trades | ||
| Staking Rewards |
Introduction to Bitpanda
Bitpanda was founded in 2014 in Vienna, Austria to make investing in cryptocurrency accessible for everyone. With 730 team members and 3.5 million users at the time of writing, Bitpanda is one of the fastest growing European companies in its industry. It offers state-of-the-art security and a streamlined user experience, so that whether you are a first-time investor and an expert, you can invest in what you want.
Bitpanda raised $52 million in an initial funding round. In early 2021, it partnered with Visa to introduce a credit card that people could use to pay for goods and services in cryptocurrency or commodities in stores. Later in August 2021, the company raised $260 million, increasing its valuation to more than $4 billion.
How to export your Bitpanda transaction history
You can either download a CSV file with your transaction history or programmatically access your transaction history using the Bitpanda API. More information can be found below.
Automatic import
You can import your Bitpanda transactions automatically using the Bitpanda API.
Step by step guide:
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Sign in to Bitpanda.
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From the dashboard, click on your account icon so that the drop down menu is shown.
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Click on the API tab in the submenu.
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Generate an API by naming it “Divly” , and allowing Scope of Trading, Transaction, and Balance
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Then click Generate New API Key. Bitpanda will send a confirmation email to your email.
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After the API Key is generated, copy and paste the API Key into Divly to generate your tax report.
File import
You can import Bitpanda transactions into Divly by downloading and importing a CSV file. Make sure to download the CSV file every time you want to include the latest transactions.
Step by step guide:
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Sign in to Bitpanda.
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Click on the account icon in the top right corner and select History.
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Click Export and the CSV file will start downloading.
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Drag and drop the CSV file to where it says Upload CSV. Divly will import the transactions.''
Common issues when calculating your Bitpanda taxes
- Currently we have not been able to find a method to export staking rewards from Bitpanda. Until this is resolved please add them manually.
If you have any issues with calculating your Bitpanda taxes, feel free to contact our support team which is available via the online chat on the bottom right hand corner of our website. Good luck!
Any tax-related information provided by us is not tax advice, financial advice, accounting advice, or legal advice and cannot be used by you or any other party for the purpose of avoiding tax penalties. You should seek the advice of a tax professional regarding your particular circumstances. We make no claims, promises, or warranties about the accuracy of the information provided herein. Everything included herein is our opinion and not a statement of fact. This article may contain affiliate links.