Quick Summary Box:
Category | Information |
Supported Methods | CSV |
Estimated Time | 5 to 10 minutes |
Platforms Supported | Web and Mobile |
Filing Support | 100+ Countries |
Ideal For | Investors, Stakers, Traders |
Get Started |
Binance is the world’s largest cryptocurrency exchange by trading volume, offering an expansive suite of products including spot trading, futures, staking, and NFTs. With a robust mobile and web experience, Binance supports millions of users across more than 180 countries. While the platform makes crypto trading accessible, managing taxes on Binance can be a challenge, especially for active traders.
That’s where KoinX comes in. If you’re connecting through uploading a CSV file, KoinX helps you pull your Binance trade history and automatically generate region-specific tax reports. From capital gains to staking income, KoinX calculates everything with precision and helps you stay compliant across 100+ tax jurisdictions.
How to Integrate Binance with KoinX?
You can integrate Binance by uploading trading history in CSV format.
Integrate Binance By Downloading & Uploading Binance Trade Reports
You can effortlessly connect your Binance account to KoinX by uploading your trade reports. Follow these step-by-step instructions to upload your trade CSV report into your KoinX account.
Step 1: Go to Binance Website.
Step 2: Click on the “Wallet icon” present on the top right corner of the homepage.
Step 3: Select “Asset History.”
Step 4: Now click on the “Download” icon present on the top right corner of the page.
Step 5: Click “Export Transaction Records“
Step 6: Press “Asset History.”
Step 7: Click on “Transaction History”
Step 8: In the next page, click “Customize.”
Step 9: Select a time range based on your transaction record.
Step 10: Once done, click “Confirm.”
Step 11: Click on the “Generate” button.
Step 12: Once done, click on “Generate Request Successful.”
Step 13: Do you have P2P Trades on Binance? If yes, then carry on reading. If you have Dual Investment, skip to Step 14. If you have Options Traders skip to Step 15. Or else directly skip to Step 16.
Step 13.1: Click “Asset History” on the dashboard
Step 13.2: Now click the “C2C History” option.
Step 13.3: In the next page, click “Customize.”
Rest you can follow the exact method mentioned from Step 9 to Step 12.
Step 14: Do you have Dual Investment Trades on Binance? If yes, then carry on reading. If you have Options Traders skip to Step 15. Or else directly skip to Step 16.
Step 14.1: Under Data Type click on Asset History.
Step 14.2: Under Asset History click on Earn.
Step 14.3: Go to Advance Earn
Step 14.4: Under Type select Dual Investment.
Step 14.5: Click All.
Step 14.6: Choose Customize under Time Range.
Rest you can follow the exact method mentioned from Step 9 to Step 12.
Step 15: Do you have Options Trades on Binance? If yes, then carry on reading, if no then skip to Step 9.
Step 15.1: Under Data Type click on Trade History.
Step 15.2: Now click on “Options.”
Step 15.3: Press “Transaction History.”
Step 15.4: Under Time Range click 6 Months.
Step 15.5: Click on Generate.
Step 15.6: Now press on “Generate Request Successful.”
Step 16: Now, go to the KoinX website and log in with your credentials
Step 17: Click on the “Integration” option, then choose “Add Integration.”
Step 18: Select Binance from the list.
Step 19: Now select “Click to Upload” under “Upload Data” and locate the CSV Trade files you downloaded just now. Once uploaded, hit the “Submit” button.
Step 20: Your work is done! Sit tight until your transactions are processed.
What to Do After Integration?
Once your data is fetched on KoinX, you can do the following things:
Review Transactions:
After connecting your Binance account through CSV, head to the “Transactions” section in your KoinX dashboard. This is where all your imported data is listed. Review your trades, swaps, staking income, and transfers to make sure everything looks complete. If anything seems off, check your import settings or file dates and reupload if needed.
Verify Auto-Classification Activities:
KoinX automatically identifies and classifies your Binance transactions—including margin trades, rewards, and staking earnings. You don’t need to manually tag or edit anything. Just review the categorised entries to ensure that all transaction types have been handled correctly before proceeding to report generation.
Generate Tax Reports:
Once your transaction data is verified, head to the “Tax Reports” tab. Select the relevant financial year and region. KoinX then generates a downloadable report formatted to your country’s tax standards, whether you’re filing in India, the US, the UK, or Australia.
File Your Crypto Taxes With Confidence:
Use the generated Binance tax report to file your taxes confidently and compliantly. You can either submit the report directly via your government’s online tax portal or forward it to your tax consultant. KoinX ensures the accuracy and completeness of your report based on all the data synced from Binance.
Common Errors and Troubleshooting
- Uploading Edited or Opened Excel Files: Upload only the original Excel files downloaded from Binance. Opening or editing the file before uploading can change its structure and lead to import errors in KoinX.
- Delay in Export File Availability: After requesting an export on Binance, it may take up to 5 minutes for the file to appear in the Export Details section. Wait until the file is ready before downloading.
- Incomplete Data Due to Export Limits: Most Binance files allow exports from 1 Jan 2017 to present. However, for Options transactions, only 1 year per export is allowed, so download multiple files if needed.
- Export Fails Due to Large File Size: If your export exceeds 50,000 records, Binance may fail to generate the file. In such cases, reduce the date range and download data in smaller batches.
- Monthly Export Limit Reached: Binance restricts the number of exports per file type each month. If you reach this limit, wait for the reset period or contact Binance support.
- Missing P2P Transactions: If your P2P trades are not visible, ensure you have downloaded and uploaded the C2C (P2P) transaction history file.
- Missing Earn or Staking Data: Earn, staking, or dual investment transactions may not appear unless you export the Advanced Earn or Dual Investment history files separately.
- Options Trades Not Showing: Options trades require a separate export. Make sure you download and upload the Options Transaction History file to include these transactions.
- Export Generation Failure: If Binance fails to generate your report, reduce the selected date range and create multiple smaller exports to ensure successful downloads.
If issues persist, visit the KoinX Help Centre or reach out to our support team for immediate help.
Need Help?
Having trouble connecting your Bitget account to KoinX?
- Visit our Help Centre
- Reach out to us on Twitter
- Email us at support@koinx.com
- Chat with us directly via live support from your dashboard
Frequently Asked Questions
Do I Have to Pay Tax on Binance?
Yes, if you earn profits on Binance through trading, staking, or selling crypto, those gains are subject to a flat 30% tax in India. Additionally, a 4% health and education cess applies to the tax amount. KoinX helps you calculate your tax liability accurately using your Binance transaction history.
Does Binance Deduct TDS in India?
No, Binance does not deduct TDS directly. Under Indian tax laws introduced in 2022, a 1% TDS applies to all crypto transactions. If Binance doesn’t deduct it, you’re responsible for calculating and reporting it. KoinX helps identify and track TDS obligations from your Binance trades for tax compliance.
Is Binance Legal in India?
Yes, Binance is legal to use in India. It is registered with the Financial Intelligence Unit-India (FIU-IND) as a reporting entity, which means it follows anti-money laundering regulations and operates within Indian financial laws. Users can trade on Binance while staying fully compliant using platforms like KoinX for tax reporting.
Is Binance Safe or Not?
Binance is considered a secure exchange and implements advanced safety measures like two-factor authentication (2FA), real-time transaction monitoring, and encryption protocols. While the platform has experienced security breaches in the past, it has consistently improved its systems to protect user funds and maintain trust in its global operations.
Does Binance Provide Tax Reports?
No, Binance does not generate tax-ready reports. It only provides your transaction history in CSV format. You’ll need to upload this file to a platform like KoinX, which will automatically process the data, classify the transactions, and generate a tax-compliant report tailored to your country’s regulations.
What Types of Binance Transactions Are Taxable?
All types of transactions, including spot trades, P2P sales, staking rewards, and margin trading, are considered taxable. Profits from these activities may be subject to capital gains or income tax, depending on your jurisdiction. KoinX helps you categorise each transaction correctly for precise tax calculations.
