CoinLedger imports Binance data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.
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Binance Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
Binance exports a complete Transaction History file to all users. Simply navigate to your Binance account and download your transaction history from the platform.
Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.
File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
Binance Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
Binance supports importing data via read-only API. This allows automatic import capability so no manual work is required.
Connect CoinLedger to your Binance account with the read-only API.
Let CoinLedger import your data and automatically generate your gains, losses, and income tax reports.
File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
Binance Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:
Automatically sync your Binance account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
Upload your Binance Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from Binance and import it into CoinLedger
Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
Binance Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:
Automatically sync your Binance account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
Upload a Binance Transaction History CSV file to CoinLedger
Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
Binance Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below:
Navigate to your Binance account and find the option for downloading your complete transaction history.
Import your transaction history directly into CoinLedger by mapping the data into the preferred CSV file format.
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.
File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
How Cryptocurrency Taxes Work
Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate.
Just like these other forms of property, cryptocurrencies are subject to capital gains and losses rules, and you need to report your gains, losses, and income generated from your crypto investments on your taxes.
To do your cryptocurrency taxes, you need to calculate your gains, losses, and income from your cryptocurrency investments in your home fiat currency (e.g. US Dollar, Australian Dollar, etc.).
Once you have your calculations, you can fill out the necessary tax forms required by your country. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes.
Why Can't Binance Generate My Tax Forms?
Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of Binance. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with Binance's reporting is that it only extends as far as the Binance platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of Binance, Binance can't provide complete gains, losses, and income tax information.
How Does Cryptocurrency Tax Software Help?
By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CoinLedger’s cryptocurrency tax software and crypto portfolio tracker are able to track your profits, losses, income, and generate accurate tax reports in a matter of minutes.
You can test out the software and generate a preview of your gains and losses completely for free by creating an account.
Whether you file by hand or use crypto tax software, doing your Binance taxes comes down to four steps:
Gather your full Binance transaction history: every buy, sell, trade, deposit, and withdrawal.
Sort your transfers. Moving crypto between your own wallets is not taxable, but crypto that comes in as income (like staking or referral rewards) is.
Calculate your capital gain or loss on each disposal, plus the value of any crypto income at the time you received it.
Report it on the right forms. In the US, capital gains go on Form 8949 and Schedule D, and crypto income goes on Schedule 1. These forms get included with your full tax return. Other countries have their own equivalents.
That is the whole process, and for most people the hard part is steps 1 and 2. If you have ever moved crypto between Binance and another wallet or exchange, Binance can only see part of your history, so the totals it shows you can be incomplete.
That is where crypto tax software comes in. CoinLedger connects Binance to every other wallet and exchange you have used, reconstructs your full history, and generates your tax forms automatically. More than 700,000 investors use it to file in minutes. Get started with a free account today, or keep reading to do it yourself.
Do you have to pay taxes on Binance?
Yes. In the US and most other countries, your Binance activity is subject to two kinds of tax:
Capital gains tax. When you dispose of cryptocurrency (selling it, trading one coin for another, or spending it), you recognize a capital gain or loss based on how the price changed since you received it.
Income tax. When you earn cryptocurrency (through staking, referrals, or similar rewards), you recognize ordinary income equal to its fair market value at the time you received it.
For US investors, Binance.com does not issue any IRS tax forms. There is no 1099-MISC, no 1099-B, and no Form 1099-DA. Because Binance.com does not operate in the United States, it has no US reporting obligation, so you are responsible for reporting your own income and capital gains from your transaction records.
Form 1099-DA (the new digital-asset form US exchanges began issuing for the 2025 tax year) applies to US brokers like Binance.US, not to the global Binance.com exchange. Binance.US is a separate company with its own platform and its own tax reporting. If you traded there, see our complete guide to Binance.US taxes and our guide on Binance.US and Form 1099-DA.
Does Binance report to the IRS?
Binance.com likely does not report to the IRS. It does not operate in the US or onboard US customers, so it has no routine information-reporting requirement.
Remember, that does not change your own tax obligation. As a US taxpayer, you owe tax on your worldwide crypto income and gains regardless of which platform you used, and using an offshore exchange does not remove that duty. It is also worth knowing that as part of its 2023 settlement with the US Department of Justice, Binance agreed to ongoing federal oversight, which means US authorities can obtain Binance records through enforcement even without routine tax reporting.
Does Binance report to other tax agencies?
Increasingly, yes. Binance requires identity verification (KYC) from every user worldwide, so it holds the identity and tax-residence data of essentially all of its customers.
New international rules took effect on January 1, 2026: the OECD's Crypto-Asset Reporting Framework (CARF), and its EU version, DAC8. Under these rules, Binance must report user data to tax authorities in participating countries, including the EU, UK, Canada, Japan, and South Korea. The US has not adopted CARF (it uses 1099-DA reporting from domestic exchanges instead), so this does not send Binance.com data to the IRS. But for much of the world, crypto tax reporting is now automatic on the exchange's side.
Why isn't my Binance tax report accurate?
Binance offers a built-in tool, Binance Tax, that can generate a Capital Gains Report and an Income Gains Report from your account. It is a helpful starting point, but it has real limits: it only sees activity that happened on Binance, it excludes certain products like futures and NFTs, and its availability has been shrinking in some regions.
The bigger problem applies to any exchange. Because investors regularly transfer crypto between wallets and exchanges, Binance cannot see the original cost basis of coins you moved in from somewhere else, so it cannot calculate your gain or loss correctly.
Example: why transfers break your cost basis
Maria buys 1 ETH for $1,500 on Coinbase. She transfers the ETH to Binance. Later, she sells it for $2,000 on Binance.
Binance only sees the $2,000 sale, not the $1,500 Maria originally paid. Without her cost basis, Binance cannot tell whether she had a gain or a loss, and may report the full $2,000 as if it were all profit.
The fix is to bring every wallet and exchange into one place so your cost basis follows your crypto across platforms. That is exactly what crypto tax software like CoinLedger does.
How to file your Binance taxes in minutes
With CoinLedger, you can import your complete Binance history and generate your crypto tax forms in a few minutes. There are two ways to connect: a file upload, or an automatic API import.
Option 1: File upload (CSV)
This is the required method for US-based users, since Binance.com restricts API access from the US.
In Binance, click your profile icon and go to Orders, then Spot Order, then Trade History.
Click Export Recent Trade History and make sure Spot Order History is selected. Binance caps each export at 12 months, so pull multiple files if your history is longer.
In CoinLedger, go to Step 1: Import, select Add Account, and choose the Binance tab.
Click Upload File and drag your CSV files into the box. Do not open the file in Excel first, since that can change the formatting.
A CSV covers spot trades only. Card and bank purchases, and staking or mining rewards, need the API import or manual entry. Full steps are in our Binance file import guide.
Option 2: Automatic API import
In Binance, click your profile icon, go to Account, then API Management, and create a new API key.
Click Edit Restrictions, turn off Enable Spot & Margin Trading, and leave Can Read on. CoinLedger only needs read-only access and can never trade or move your funds.
Copy your API Key and Secret Key.
In CoinLedger, open Add Account, choose the Binance tab, click Auto-Import, paste both keys, and click Connect. A full import can take up to 20 minutes.
Once your transactions are in, CoinLedger matches your transfers, calculates your gains, losses, and income, and produces a complete tax report. You can file it yourself, hand it to your tax professional, or import it into TurboTax, TaxAct, or H&R Block.
Get started with CoinLedger today
Take the stress out of tax season. More than 700,000 investors around the world use CoinLedger to track their gains, losses, and income across all of their wallets and exchanges.
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