In many countries, gains from cryptocurrency trading are taxable. Binance provides a tax report tool to help calculate taxable amounts, and it also integrates with third-party tax platforms.
Where Is the Binance Tax Report Tool?
After registering on Binance, you can find the tax tool here:
- Log in to the Binance website
- Go to "Account" → "Tax"
- Or find tax-related options under "Wallet" → "Transaction History"
What Can the Tool Do?
The Binance tax report tool's main features:
Generate transaction reports
- Automatically summarizes all transactions for a specified period
- Calculates the purchase cost and sale proceeds for each trade
- Computes capital gains (how much you gained or lost)
Supports multiple calculation methods
- FIFO (First In, First Out)
- LIFO (Last In, First Out)
- Other accounting methods Different countries' tax laws require different methods — choose according to your local regulations.
Export tax reports
- Generates printable tax report files
- Compatible formats for mainstream tax software
Which Countries Are Supported?
Binance's tax tool covers many major markets globally:
- United States: Supports IRS Form 8949 data
- United Kingdom: Supports HMRC-compliant reports
- Canada: Supports CRA report formats
- Australia: Supports ATO-compliant formats
- Germany/France and other EU countries: Supports local tax requirements
- Japan: Supports National Tax Agency formats
- South Korea: Supports NTS requirements
Note: Mainland China currently has no clear crypto tax policy, making the tool less directly useful for domestic users. However, if you have overseas tax obligations (e.g., working abroad or holding foreign citizenship), this tool is very helpful.
How to Generate a Report
- Go to the tax tool page
- Select the tax year (e.g., 2025)
- Select your tax country
- Choose the calculation method (FIFO/LIFO, etc.)
- Click "Generate Report"
- The system automatically calculates gains and losses for all transactions
- Download the report file
Third-Party Tax Tool Integration
If the built-in tool doesn't meet your needs, third-party tax platforms are also available:
CoinTracker
- Supports automatic data import via Binance API
- Supports tax reports for multiple countries globally
Koinly
- Supports CSV file import and API connection
- Automatically calculates capital gains
- Generates multiple report formats
CoinLedger (formerly CryptoTrader.Tax)
- Simple, easy-to-use interface
- Compatible with TurboTax and other mainstream tax software
Typical usage:
- Export CSV trade records from Binance
- Upload to the third-party platform
- Or connect directly via API (requires creating a read-only API key)
Important Considerations
Record all transactions Not just buys and sells — the following may also have tax implications:
- Staking rewards
- Airdrop income
- Mining income
- C2C trades
- Futures trades
Cross-platform aggregation If you trade on multiple exchanges and wallets, you need to aggregate data from all platforms for calculations.
Retain original records Keep complete transaction records for at least 5–7 years in case of a tax audit.
Consult a professional Crypto tax rules vary by country and change frequently — consult a local tax accountant.
If you don't have the app yet, download the Binance app first.
Summary
Binance has a built-in tax report tool supporting tax compliance requirements in many countries globally. It can automatically calculate capital gains and generate reports. For more complex needs, you can integrate with third-party tax platforms via API or CSV. Users with overseas tax obligations should make good use of these tools.