How to Connect Pionex and Koinly
Pionex is crypto exchange that comes equipped with integrated trading bots. You can utilize 12 distinct trading bots at no extra cost, enabling you to automate your investment approach and free yourself from continuous market monitoring. The platform also offers competitive trading fees and a comprehensive mobile application. If you engage in cryptocurrency trading on Pionex, Koinly can help you sort out your tax obligations. Here's the process for getting started.
How to do your Pionex taxes using Koinly
For a safe, fast, and accurate solution to your Pionex tax needs, look no further than Koinly. First, sign up to Koinly and then proceed to automatically connect your Pionex account by uploading a CSV file. Once your account is linked, Koinly will calculate your Pionex gains, losses, income, and additional details, before creating your cryptocurrency tax report.
Follow these steps to download your Pionex data:
- Log in to your Pionex account.
- In the top right corner, click Wallet.
- Click your wallet holdings figure.
- From the menu on the left, select Transaction History.
- Select a date range for your CSV file. Koinly will need your entire transaction history from Pionex, so you may need to download multiple files.
- Click Submit.
- When the file is ready, select Download.
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Pionex in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Pionex (one at a time) and click on Import
- 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!
- Perpetual futures can not be imported from Pionex's files so these need to be added manually as PnL
- Income from 'Dual Investment' needs to be added manually
- 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 to get a Pionex CSV file
You can get a CSV file of your Pionex transaction history by submitting a request on the Pionex Help Centre. In the subject line, just write "Request History Transaction for Tax Purposes" and add your Pionex email address too. Make sure you request your complete transaction history from Pionex - this lets Koinly calculate your cost basis and short-term and long-term capital gains correctly. Your CSV file should be sent to you within 15 days of your request.
Your frequently asked questions
What Makes Pionex Different From Other Cryptocurrency Exchanges?
Pionex stands out for its integrated trading bots, offering 12 different bots that can automate various trading strategies. This allows users to optimize their investment approach without having to constantly monitor the market. Additionally, Pionex provides low trading fees and a robust mobile application for trading on-the-go.
Are Pionex's Trading Bots Free to Use?
Yes, the trading bots on Pionex are available at no additional cost. Once you register and create an account, you gain access to all 12 bots. These bots can help you automate tasks like market-making, grid trading, and more, thereby potentially improving your overall trading performance.
How Secure is Pionex?
Security is a priority for Pionex, although it's always crucial for users to do their own research and employ best practices for account security, such as using strong, unique passwords and enabling two-factor authentication (2FA). The platform also implements various internal security measures to protect users' assets and data.
Can Pionex Assist With Tax Calculations?
While Pionex itself doesn't offer direct tax calculation services, it is compatible with tax software like Koinly. If you're trading on Pionex, you can use Koinly to help calculate your crypto-related taxes. Koinly can easily be integrated through an API or by uploading a CSV file of your transactions.
