Binance.US worked together with TaxBit to make the tax-filing season easier for customers. With the TaxBit integration, eligible Binance.US customers can generate free, ready-to-file crypto tax forms that include cryptocurrency transactions made using their Binance.US account.
What is TaxBit?
TaxBit is a third party cryptocurrency tax and accounting platform that offers free tax forms to help users file their 2021 returns.
Binance.US worked together with TaxBit to offer our customers access to simple and free tax reporting resources. TaxBit supports 500+ cryptocurrency sources via API and CSV upload. In addition, Binance.US is part of the TaxBit Network. Customers filing as individuals can consolidate cryptocurrency data across any platform within the TaxBit Network.
Note: As a matter of policy, Binance.US does not endorse any tax and accounting platforms. Customers should do their own research to determine which platform works best for their specific needs.
How to connect my Binance.US account to TaxBit
To connect your Binance.US account to TaxBit, you’ll first need to Generate your Tax API Key on Binance.US. Once you have your Tax API Keys, complete the steps outlined below:
- Log in to your TaxBit account.
- On the left sidebar, click Add Transactions.
- Click Add Exchange.
- On the dropdown menu, search for and select “Binance.US”.
- Paste your Binance.US Tax API Key and Secret Key to connect your Binance.US account to TaxBit.
Note: Sharing your Tax API Key and Secret Key grants TaxBit read-only access to your Binance.US transaction history.
For detailed step-by-step information, visit TaxBit’s Binance.US API Guide.
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 page.