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.
Auto 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 type | CGT | Income | Tracked 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.
