How to calculate your Bitpanda Pro taxes

  • Automatic Sync
  • Recap CSV
1 min read
Last updated:
bitpanda-proAuto Sync with Bitpanda Pro
Sam Adams
Samantha Adams
Head of Content
Sam Adams
Reviewed by
Samantha Adams
Head of Content

Recap has a comprehensive integration with Bitpanda Pro that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Bitpanda Pro account to securely monitor each transaction, manage your cryptocurrency portfolio, and effortlessly automate your taxes.

*Disclaimer: The information provided in this content does not endorse Bitpanda Pro. Furthermore, it does not constitute tax advice. If you are uncertain about any financial or tax-related matters, we strongly recommend seeking guidance from a qualified tax professional. Additionally, you may utilise our accountant and professional advisor sharing features.

What is Bitpanda Pro?

Bitpanda Pro is an Austrian cryptocurrency exchange founded in 2014 that offers trading in cryptocurrencies such as Bitcoin and Ethereum. It also offers trading in commodities and securities.

Here's a breakdown of what Bitpanda Pro offers:

  • Multiple Trading Pairs: Supports a wide range of trading pairs, including major cryptocurrencies like Bitcoin, Ethereum, and various altcoins, as well as fiat currency pairs.
  • Advanced Trading Features: Provides sophisticated trading tools, including real-time charting, order books, and multiple order types to support various trading strategies.
  • Fiat Support: Allows deposits and withdrawals in multiple fiat currencies, such as EUR, making it possible for users to convert between crypto and traditional money.

How to automate your Bitpanda Pro crypto taxes with Recap

You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your Bitpanda Pro account to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.

bitpanda-proAuto Sync with Bitpanda Pro

How are Bitpanda Pro Transactions Taxed?

Tax implications on your Bitpanda Pro transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Bitpanda Pro:

Transaction typeCGTIncomeTracked in Recap
Deposits
Withdrawals
Buying crypto with fiat
Crypto to crypto
Selling crypto for fiat
Earning staking rewards

Refer to our tax guides for a more detailed look at crypto tax rules.

Help Guides

Connecting your Bitpanda Pro account
Open guide
How much profit do I have to make on cryptocurrencies to be liable to pay tax in the UK?
Open guide
What incidental costs does HMRC allow for cryptocurrency taxes?
Open guide

Automate your Bitpanda Pro tax reporting - takes 5 mins.

  • 1

    Sign up to Recap

  • 2

    Set up auto sync with our step by step guide

  • 3

    Generate your tax report ready to self-file or share with your accountant

bitpanda-proAuto Sync with Bitpanda Pro

FAQs

Do I need to pay tax on my Bitpanda Pro transactions?

Yes, you may need to pay tax on your Bitpanda Pro transactions. Tax obligations vary depending on your country’s tax laws and the nature of your transactions. Common taxable events include selling cryptocurrency, trading between coins (crypto to crypto), and making purchases with crypto.

Do the tax authorities know about my Bitpanda Pro transactions?

Tax authorities may become aware of your Bitpanda Pro transactions through various means, such as data-sharing agreements between crypto exchanges and tax authorities or during tax audits. It's essential to report your crypto transactions to avoid penalties accurately. Using a crypto tax software like Recap can help ensure your transactions are properly recorded and reported.

What is the benefit of using a crypto tax calculator?

A crypto tax calculator automates the process of calculating taxes on your cryptocurrency transactions, providing accurate tax liability figures and ensuring compliance with tax regulations without manual calculations.