Bitbuy is a safe and trusted crypto exchange for Canadian investors, with a range of product options for investors of all experience including express, pro and private wealth OTC trading. Whatever your Bitbuy investments, Koinly can help with your Bitbuy taxes.
1. The API import may take a few minutes which is normal.
2. Spot a yellow circle in your Koinly Wallet? Koinly has calculated your balances based on the imported transactions but the balances reported by the API aren't quite matching up. Don’t worry, this is easy to fix! See our support article here for quick troubleshooting steps.
You'll need to start by downloading a CSV file with your full trading history from Bitbuy before you can upload it to Koinly - here's how.
Now you've got your Bitbuy CSV file, here's how to upload it to Koinly.
1. You may need multiple CSV files from Bitbuy to cover your entire trading history. You may only export one year's worth of data at a time.
2. Don't forget to tag your airdrops and forks. This will ensure that they show up correctly as income on your Bitbuy tax reports.
Something still doesn’t look right on your report? Not to worry - there’s plenty of help available:
Sign up free today to calculate your Bitbuy taxes.
No, Bitbuy doesn't provide a ready to go Schedule 3 or Income Tax Report - but you can use your Bitbuy transaction history to calculate your Bitbuy taxes in minutes with crypto tax software like Koinly.
The easiest way to get your Bitbuy tax documents is to connect Bitbuy to Koinly via API. Your API fetches your Bitbuy transaction history automatically and Koinly can then calculate your taxes and generate your Bitbuy tax documents.
Yes. If you have capital gains or income from crypto investments on Bitbuy, then you have a tax liability. You need to report these to the CRA in your annual tax return. Failure to report may result in steep penalties from the CRA, including heavy fines.
Once you've connect Bitbuy to your crypto tax calculator, just download the tax report you need and file how you usually prefer - whether that's with paper forms, using self-filing tax software or via your accountant. Koinly can help with all 3!
Yes. Bitbuy is registered and regulated by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC), the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA).
Yes! You can download your end of year report from Bitbuy. This includes your complete Bitbuy transaction history for a given financial year. You'll be able to see multiple reports if you have been using Bitbuy for multiple years.