Quick Summary Box:
Category | Information |
Supported Methods | Direct Connect and Upload Data |
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. Whether you’re connecting through OAuth or 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 through the Direct Connect (OAuth) method or by the Data Upload (CSV file upload) method, where you have to upload trading history and P2P history in CSV format.
Binance Integration - Direct Connect (OAuth) Method
Through Direct Connect (OAuth) integration, you can integrate Binance with KoinX. Your Binance account will be integrated with KoinX in just a few clicks.
Follow these easy step-by-step instructions:
Step 1: Log in to your KoinX Account using your credentials
Step 2: Once you are in, go to Integration and click on Add Integration
Step 3: Search Binance and click on the icon.
Step 4: Select Direct Connect on the next page and click Connect Binance. This will link your Binance account with KoinX with a single click.
Step 5: You will be redirected to Binance’s Official Website. If you are already logged in to your Binance account, you will see the screen below. There, click on Confirm to enable secure and seamless integration with KoinX.
If you are not logged in, log in first and then proceed with this step.
Once you click on Confirm, you will be redirected back to KoinX, and just like that, you can track all your trading with our portfolio tracker and generate your Binance tax report using our crypto tax software.
Binance Integration - Data Upload Method
If you don’t want to use the Direct Connect Method, you can manually upload the transaction records and p2p order history to integrate with KoinX.
Follow these steps to download both files and upload them to KoinX:
How to Export Binance Transaction Records for Integration?
Step 1: Open your Binance Dashboard using the link – https://www.binance.com/en/my/dashboard
Step 2: Click on the Wallet option or open the link – https://www.binance.com/en/my/wallet/history/deposit-crypto
Step 3: Click on Asset History
Step 4: Click on the Export option
Step 5: Click on Export Transaction Records
Step 6: Click on Customize
Step 7: Please select the timeframe from the date you opened your Binance account until yesterday.
Step 8: Click on Generate button
Step 9: Click on this option to close the window.
Step 10: To access your downloaded files, click on Export Transaction Records
Step 11: Here, you will see your generated files. You can download these files once generated
Once you have downloaded your Binance Transaction Records file.
Now, you have to download the P2P Order History file
How to Export P2P Order History on Binance for Integration?
Step 1: Open the link: https://www.binance.com/en/my/dashboard and click on Wallets
Step 2: Click on Transaction History
Step 3: Click on P2P Order
Step 4: Click on All Order
Step 5: Click on Export
Step 6: Click on Custom
Step 7: Please select the timeframe from the date you opened your Binance account until
Step 8: Select the Start and end dates and click on Confirm
Step 9: Click on Export
Step 10: To check the downloaded file – Click on the Export Tasks
Note: Please don’t open the trade file as it might change the format as per your device settings
Once you have both the files, it’s time to upload them on KoinX
How to Upload Binance Transaction Records file and P2P Order History file on KoinX?
Step 1: Now, go to the KoinX website, and log in with your credentials
Step 2: Click on the Integration option, then choose Add Integration and select Binance to integrate it with your KoinX profile.
Step 3: 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 4: 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 the Direct Connect (OAuth) method or by the Data Upload (CSV file upload) method, 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
- Opening the CSV File Before Upload: Do not open the Binance CSV file before uploading it to KoinX. Opening the file in spreadsheet software can alter formatting and cause errors during import.
- Editing the CSV File Before Upload: Avoid making any edits to the file, including renaming columns or changing values. Altered files can cause incorrect transaction parsing or failure to import data.
- OAuth Token Expired or Revoked: If your Binance OAuth connection expires or is manually disconnected, reinitiate the connection through KoinX to resume syncing. Always use your latest credentials.
- Email Mismatch Between Binance and KoinX: The email address linked to your KoinX account must match the one used on Binance. If the emails are different, OAuth authentication will fail. Ensure both accounts use the same registered email ID.
- Partial Data in Exported CSV: Binance may limit data exports based on date range or volume. Ensure your CSV file covers the full financial year and includes all transaction types (spot, margin, earn).
- Duplicate File Uploads: Uploading the same Binance CSV file more than once may result in duplicate entries. Always verify existing data in KoinX before re-uploading.
- Delayed API Sync: OAuth-based imports may take a few minutes, depending on Binance’s server response. Wait for the full import process to complete before reviewing your transaction data.
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.
