How to get your KuCoin tax documents
Whatever your KuCoin investments, Koinly can help you do your KuCoin taxes safely, quickly, and accurately. All Koinly needs is your KuCoin transaction history, which you can upload automatically via API or upload by CSV file. Once Koinly has your transaction history, it'll calculate your KuCoin gains, losses, income, and more, and then generate your KuCoin tax report, ready to file.
Follow these steps to sync your KuCoin data automatically to Koinly:
- Sign in to your KuCoin account.
- Find the drop down tab under your account in the top right corner. Select API management.
- Select create API.
- Select Create API-based trading.
- In the API name box, enter a name, such as "Koinly".
- In the API passphrase box, create your passphrase.
- Under API restrictions, select general for read-only access.
- Leave Spot Trading, Margin Trading, Futures Trading, and Transfer boxes unchecked. Koinly only needs APIs with read access.
- Under IP restriction, select no.
- For security verification, you'll need to enter your trading password that you created when you made your KuCoin account. You'll also need to enter a SMS or email verification code, and Google Authenticator code if it is set up.
- On the new API pop-up, copy the KuCoin Key and Secret.
- Paste the Key into the API key box field in Koinly.
- Paste the Secret into the API secret box field in Koinly.
- Enter your passphrase you created earlier.
KuCoin futures are now supported through the KuCoin API.
Subaccounts
If you use subaccounts with KuCoin, you will need to import this data as well.
If using API, create separate API keys for each subaccount. Add them to separate KuCoin wallets in Koinly.
Please check your Transfers between the main account and your subaccounts, as these may need to be added manually.
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find KuCoin in the list
- Select API > Paste the API keys you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- The Kucoin API limits the amount of data that can be fetched. Most transaction types can only be fetched for the last year. If your account is older than 1 year, then we recommend using CSV files to import your historical data before setting up the API
- Lending interest can only be fetched if Trade permission is given
- Bot transactions are not provided by the API
- The API does not report your staked balances. If you are currently staking then we recommend enabling the toggle 'Ignore reported balances'
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
How are KuCoin transactions taxed?
The tax you'll pay on your KuCoin transactions depends on the specific transaction and the rules where you live. You can read our crypto tax guides for more information about the specific rules in your country, but generally speaking, two taxes may apply:
Capital Gains Tax: Whenever you sell, trade, or spend crypto on KuCoin and make a gain, this may be subject to Capital Gains Tax. In some countries, gifting is also taxable. In many countries, this also applies to realized profits from margin trading and futures contracts.
Income Tax: When you earn new tokens on KuCoin, like KuCoin savings or staking rewards, this is generally categorized as additional income and is subject to Income Tax on receipt.
Take a closer look at how the different transactions on KuCoin might be taxed.
How is buying and selling crypto taxed on KuCoin?
Buying crypto with fiat is generally not a taxable event. However, in some jurisdictions, such as India, tax may be deducted at source (TDS) on purchases. Selling crypto for fiat on KuCoin is typically subject to Capital Gains Tax, where any gain from the sale is taxable.
How is spot trading taxed on KuCoin?
Swapping one cryptocurrency for another on KuCoin is generally considered a taxable disposal, with any profit subject to Capital Gains Tax. That said, some countries, like France or Austria, may not tax crypto-to-crypto trades under certain conditions.
How is margin trading taxed on KuCoin?
Profits made from margin trading are usually taxed under Capital Gains Tax rules for individual investors. However, if margin interest is paid, that may sometimes be deductible, depending on your local tax laws.
How are futures taxed on KuCoin?
KuCoin offers both USDT- and coin-margined futures. For most retail investors, realized gains from futures contracts are subject to Capital Gains Tax. Tax treatment can vary significantly based on your country and whether you're trading as an individual or a business.
How are leveraged tokens taxed on KuCoin?
Trading leveraged tokens (like BTC3L or ETH3S) is treated similarly to trading regular tokens. Each time you buy or sell, it may trigger a Capital Gains Tax event.
How is staking taxed on KuCoin?
Staking rewards from KuCoin (including flexible and fixed staking) are typically seen as taxable income when received. In most countries, this income must be reported at its fair market value in your fiat currency at the time of receipt.
How are KuCoin Earn & promotions taxed?
Earnings from KuCoin’s savings products and promotional offers, like flexible savings or locked deposits, are generally subject to Income Tax when rewards are received. Later gains from selling those rewards may also be subject to Capital Gains Tax.
How are structured products like Dual Investment taxed on KuCoin?
Structured products such as Dual Investment, Shark Fin, or Snowball often involve earning a fixed or variable yield based on asset price performance. In most cases, the returns are taxed as income, and any change in the value of the asset itself may be subject to Capital Gains Tax when sold or redeemed.
How are KuCoin trading bots and copy trading taxed?
Even though trading is automated through copy trading or KuCoin bots, each executed trade is still a taxable event. Any gains will typically fall under Capital Gains Tax rules, just as if you placed the trades manually.
How are airdrops taxed on KuCoin?
Airdrop taxation depends on your country. In places like the USA, airdrops are generally taxable income when received. In others, such as Australia, some airdrops, like those without a quid pro quo, may not be taxed until the asset is sold.
How is spending crypto with KuCard taxed?
Using KuCard or KuCoin Pay to spend crypto is usually considered a disposal of the asset. If the crypto has appreciated since you acquired it, that gain is likely subject to Capital Gains Tax.
Does KuCoin automatically deduct taxes?
No. KuCoin does not deduct taxes on behalf of users. It is your responsibility to calculate and pay any tax due from your KuCoin transactions.
Does KuCoin report to tax offices?
Yes. KuCoin has likely faced pressure to share customer data with tax offices globally. The platform recently introduced KYC procedures to meet increasing regulatory requirements to operate globally. You can learn more in our dedicated guides:
Does KuCoin send tax forms?
No. KuCoin does not issue tax forms to users. However, you can use a crypto tax calculator like Koinly to get your KuCoin tax forms easily.
How to get a KuCoin tax report
You’re generally required to report your crypto activity, including KuCoin, when filing your annual taxes. To do this, you’ll need to calculate your KuCoin taxes by exporting your transaction history, identifying taxable events, calculating gains/losses, and converting any income to your local fiat value on the day received.
For most people, that’s a lot of manual work, which is where Koinly helps. Just connect your KuCoin account via API or CSV file. Koinly will automatically:
Track your transactions
Calculate gains and losses
Convert income to fiat values
You’ll get a free tax summary and can download country-specific tax forms like:
IRS Form 8949 & Schedule D (USA)
ATO myTax report (Australia)
HMRC Capital Gains Summary (UK)
...and many others
Optimize your KuCoin taxes
Smart KuCoin users manage their taxes year-round, not just at filing time. With Koinly’s crypto portfolio tracking tools, you can stay ahead by spotting unrealized losses, simulating potential trades to estimate tax outcomes, and planning your sales for maximum tax efficiency. Features like the asset holding period tracker help you time disposals to take advantage of long-term Capital Gains Tax rates or discounts, so you can make informed decisions and keep more of your returns.
