Binance.US has made it easier for customers to prepare for tax-filing season. If you use a third party cryptocurrency tax reporting platform 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.
Please note 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 desktop
1. Log in to Binance.US. On the top navigation bar, move your cursor over your username and click Tax Statements 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 the 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. Scroll down and tap Tax Statements.
2. Under “Tax Statement Methods”, tap Tax API.
3. Carefully review the on-screen information, then tap Generate Tax API.
4. Enter your two-step verification code to proceed, or secure your account with two-factor authentication.
5. You will receive a confirmation email with additional information on how to set up your Tax API Key.
6. Check your inbox and carefully review the information onscreen. Click Confirm API Key Creation to generate your Tax API Key.
7. 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 CoinTracker (FAQ)
- How To Manually Export Your Binance.US Transaction History (FAQ)
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Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; and (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice. We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. 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 shall not be liable for any consequences thereof. Please consult an outside tax professional for guidance on your personal tax obligations.
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