Quick Summary Box:
Category | Information |
Supported Methods | CSV Upload |
Estimated Time | 5 to 10 minutes |
Platforms Supported | Web and Mobile |
Filing Support | 100+ Countries |
Ideal For | Investors, Stakers, Traders |
Get Started | Start Integrating with KoinX |
WazirX is one of India’s most widely used cryptocurrency exchanges, known for its seamless user interface, high liquidity, and real-time market tracking features. With a growing user base across both web and mobile platforms, WazirX has become the go-to trading platform for Indian investors looking to buy, sell, and hold crypto assets.
However, managing taxes on WazirX trades can be complex due to frequent trading and market volatility. That’s where KoinX simplifies your crypto journey. With just a CSV file from WazirX, KoinX helps you calculate your crypto tax liability, classify transactions automatically, and generate tax-compliant reports tailored to your country’s regulations.
How To Integrate WazirX With KoinX
Integration of WazirX through the Website
Step 1: Log in to the WazirX account.
Step 2: On the top right corner of the profile section, please click on the Account Settings.
Step 3: Please click on Download Reports and select Trade Report.
Step 4: Select all the types of trades under the Trade Report section.
Step 5: Now select the Time Frame and hit the Request Trade Report button.
Step 6: Now, log in to your KoinX account.
Step 7: Select the Integrations page in the navigation bar and choose Add Integration then select WazirX.
Step 8: Upload your trade report and hit the Submit button.
Integration of WazirX through Mobile
Step 1: Log in to the WazirX account.
Step 2: On the top right corner, click on three horizontal bars, then Account and then click on Account Settings.
Step 3: Please click on Download Reports and select Trading Report.
Step 4: Select all the types of trades under the Trading Report.
Step 5: Now select the Time Frame and hit the Request Trading Report button.
Step 6: Now, log in to your KoinX account.
Step 7: Click on the Integrations icon at the bottom left. Now click on Add Integration and select WazirX.
Step 8: Upload your trade report and hit the Submit button.
Watch How To Generate Your WazirX Tax Report With KoinX
Join the many satisfied KoinX users who have streamlined their crypto tax reporting – watch our tutorial on generating your WazirX tax report now.
What to Do After Integration?
Once your data is fetched on KoinX, you can do the following things:
Review Transactions:
Once your WazirX CSV file is uploaded, head to the “Transactions” section on your KoinX dashboard. Review your trade and transfer data to ensure it matches your actual activity on WazirX. If something looks off, verify that the CSV includes your complete history for the correct financial year.
Verify Auto-Classification Activities:
KoinX automatically classifies each transaction based on type, such as trading, deposits, or crypto income. You don’t need to tag anything manually. Just check that each activity is correctly categorised so your tax report reflects an accurate summary of gains, losses, and deductions.
Generate Tax Reports:
Navigate to the “Tax Reports” section in KoinX, select your financial year, and download a region-specific report. Whether you’re filing in India, the US, the UK, or any of the 100+ supported countries, KoinX applies local tax rules to give you a compliant, easy-to-understand report.
File Your Crypto Taxes With Confidence:
Once the tax report is generated, you can file it directly through your country’s tax portal or forward it to your tax consultant. KoinX ensures your WazirX report is accurate, audit-ready, and aligned with legal crypto tax obligations in your region.
Common Errors and Troubleshooting
- Opening the CSV File Before Upload: Do not open your WazirX CSV file before uploading it. Opening the file may alter its formatting, which could lead to errors or failed imports in KoinX.
- Editing the CSV File Before Upload: Avoid making any changes to your CSV file, including column names or values. Editing the file can cause misinterpretation and result in incorrect or incomplete data in your tax report.
- Incorrect Financial Year Range: Make sure your CSV file includes transactions for the full financial year you are reporting. Missing months may lead to incomplete or inaccurate calculations.
- Wrong File Type or Layout: Only use the official transaction history CSV downloaded from your WazirX account. Other formats or manually compiled data will not be processed correctly by KoinX.
- Duplicate Uploads: Uploading the same file multiple times may result in duplicate transaction entries. Confirm your existing upload before attempting another import.
- Export Delays or Partial Data: At times, the downloaded file may not include recent transactions. If your report looks incomplete, wait a few hours and redownload the CSV from WazirX.
If issues persist, visit the KoinX Help Centre or contact our support team for guidance.
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
Does WazirX Deduct TDS on Crypto Transactions?
Yes, WazirX deducts a 1% Tax Deducted at Source (TDS) on applicable crypto transactions as per Section 194S of the Income Tax Act, 1961. This TDS is applicable to sell transactions in INR/Crypto, Crypto/Crypto, and P2P markets. The deducted TDS is deposited with the Income Tax Department on behalf of users
Does WazirX Generate Tax Reports?
No, WazirX does not provide tax-ready reports that can be directly submitted to tax authorities. However, you can export your transaction history from WazirX and upload it to KoinX. KoinX will automatically generate a compliant crypto tax report for filing based on your trading activity and financial year.
Is WazirX Safe?
Yes, WazirX is considered a secure and reliable crypto exchange in India. It uses industry-standard security features like two-factor authentication (2FA), encryption protocols, and segregated cold wallets for user fund safety. The platform also follows KYC and AML regulations to maintain compliance with Indian legal requirements.
Do I Need to Report Crypto on My Taxes?
Yes, it is mandatory to report all your crypto activity to the Income Tax Department in India. This includes trades, transfers, and any income earned through crypto. Failure to report can lead to penalties or tax notices. KoinX helps simplify this process by converting your WazirX transaction data into a tax-ready format.
What Are Common Mistakes to Avoid When Reporting Crypto Taxes?
Common mistakes include mixing personal and business transactions, ignoring airdrops and forks, overlooking the 1% TDS, and not maintaining detailed records of all transactions. Ensuring accurate and compliant filings is crucial to avoid potential penalties. For more details, read our crypto tax evasion guide here.
