Binance.US has made it easier for customers to prepare for tax-filing season. If you use a third-party cryptocurrency tax reporting platform like TaxBit and CoinTracking to create ready-to-file tax forms, learn how to generate your Tax API Key and connect your Binance.US account to your tax reporting platform of choice.
Always remember that your Tax API Keys should only be shared with third-party platforms you trust, as these platforms will have read-only access to your Binance.US transaction history.
How to generate your Tax API Key on the Web
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Note Our Tax API Key is compatible with a wide range of third-party cryptocurrency tax reporting platforms, including TaxBit and CoinTracking. *Binance.US does not endorse any single tax and accounting or portfolio tracking platforms. Please conduct your own research to determine which platform works best for your specific needs. |
1. Log in to Binance.US. On the top navigation bar, move your cursor over your username and click Export Reports in the dropdown menu.
2. Carefully review the onscreen information and click Generate Tax API.
Note: By clicking Generate Tax API, you are granting Binance.US permission to share your transaction history on a read-only basis with your tax reporting platform of choice.
3. Enter your two-step verification code to proceed, or secure your account with two-factor authentication.
4. You will receive a confirmation email with additional information on how to set up your Tax API Key.
5. Check your inbox and carefully review the information onscreen. Click Confirm API Key Creation to generate your Tax API Key.
6. Your Tax Key and Secret Key will appear on-screen as alphanumeric strings. Click Copy to copy your Tax Key.
Note: For security purposes, your Secret Key will only be shown on this screen, so record the alphanumeric string in a secure location before proceeding to the next step.
7. Click Done to return to the Tax Statements page, where you can create, manage, and delete your Tax API Keys.
How to generate your Tax API Key on iOS or Android
1. Open the Binance.US app and tap the User Profile icon on the bottom navigation bar.
2. Scroll down and tap Export Reports.
3. Under “Generate Reports & Tax API”, tap Tax API.
4. Carefully review the on-screen information, then tap Generate Tax API.
5. Enter your two-step verification code to proceed, or secure your account with two-factor authentication.
6. You will receive a confirmation email with additional information on how to set up your Tax API Key.
7. Check your inbox and carefully review the information onscreen. Click Confirm API Key Creation to generate your Tax API Key.
8. Your Tax Key and Secret Key will appear on-screen as alphanumeric strings. Click Copy to copy your Tax Key.
Note: For security purposes, your Secret Key will only be shown on this screen, so record the alphanumeric string in a secure location before proceeding to the next step.
How do I know what is taxable? How do I calculate gains and losses?
For additional information on cryptocurrency taxes, including downloadable links to relevant cryptocurrency tax forms, visit our Cryptocurrency Tax Reporting 101 portal.
Additional Resources
- Cryptocurrency Tax Reporting 101 (FAQ)
- Binance.US Launches Free Tax Statements Portal for the Filing Season (Blog)
- How To Connect Your Binance.US Account to TaxBit (FAQ)
- How To Connect Your Binance.US Account to CoinTracking (FAQ)
- How To Connect Your Binance.US Account to CoinTracker (FAQ)
- How To Manually Export Your Binance.US Transaction History (FAQ)
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Legal disclaimer: The information provided in this announcement is for informational purposes only, and it does not constitute an endorsement of any digital asset or services discussed herein. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
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