Don't forget!
It is possible to reduce your taxes by declaring your losses. Take advantage of the bear market!
How to do your Luno taxes in 2022
| Transaction type | File Import | Automatic Import |
|---|---|---|
| Withdrawals | ||
| Deposits | ||
| Trades | ||
| Trading Fees | ||
| Interest Received |
Introduction to Luno
Luno was founded in 2013 and is a United Kingdom based crypto exchange. Like many crypto exchanges, it was founded with the mission of giving everyone access to a decentralized financial system. It has grown to have more than 10 million users and now has hundreds of employees. The app is very easy to understand and navigate, so it may be beneficial for beginners to use.
Currently Luno only supports trading on six coins at the time of writing. Fees on Luno are a little higher than on other exchanges. Like many others, it operates on taker/maker fee structure. Another fee that infrequent traders should keep in mind is that there is an inactivity fee on Luno if you store currency for over 3 months.
How to export your Luno transaction history
Luno allows you to export your transaction history by downloading CSV files or by exporting it programmatically using their API. Below you will find a detailed step-by-step guide on how to use both export methods.
Automatic import
You can import transactions from Luno into Divly by using our API integration. After you have provided the API keys, Divly will be able to fetch your latest transactions anytime you click "Import Transactions" in the wallet page.
Step by step guide:
-
Sign in to Luno.
-
Click on Profile in the top right corner.
-
Click on Security then select API keys.
-
Click the button Create API key. Set your Key label to Divly and Permissions to Read-only access.
-
Copy down the Key ID and Secret somewhere safe.
-
Click Next and then authorize the new API keys by following the instructions sent to your phone by Luno.
-
Copy and paste the API keys in Divly to fetch your transactions.
File import
You can import Luno 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.
Important:
Luno allows you to download CSV files from each wallet, and your order history from the exchange. To ensure all transactions are included we recommend only downloading CSV files from each wallet. They will include deposits, withdrawals, trades, and interest from savings wallets.
The order history from the exchange unfortunately skips many important transactions. Divly does not support this file.
Step by step guide:
-
Sign in to Luno.
-
Click on Wallets in the navigation bar at the top.
-
Click on a Wallet that you have used (BTC, ETH, BCH...). Then click on the link DOWNLOAD STATEMENT at the bottom.
-
Select your Begin date and End Date, then click Create Statement. A statement will be generated within a few seconds.
-
Click Download on the newly generated statement. Unzip the file and extract the CSV file which includes all the transactions for the specified wallet.
-
**Repeat the above steps for every Wallet you have used in Luno (BTC, ETH, BCH, USDC, USDC Savings...).
-
Drag and drop all the CSV files to where it says Upload CSV. Divly will import the transactions.''
Common issues
- Luno CSV files are quite complex since the trades are duplicated in both currency's when exporting the files. Divly has built processes that automate away this complexity, but please double check that all trades has been imported as expected. If you are having issues with the File Import, we recommend using the Automatic Import instead.
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.