Spam tokens

Spam tokens (also known as airdrop scams) are unwanted tokens or NFTs sent to your wallet, often with the goal of tricking you into visiting malicious websites or interacting with harmful smart contracts.

Coinpanda automatically detects and filters spam tokens to keep your portfolio and tax reports accurate, but you can also manually mark any token or NFT as spam. This article provides further information on dealing with spam tokens in Coinpanda.

Spam tokens are typically:

They exist because most blockchains allow anyone to send tokens to any wallet address.

Coinpanda uses automatic detection to identify spam tokens from the following blockchains:

Although Coinpanda supports 150+ other blockchains, automatic spam detection is not available for blockchains not listed in the table above.

However, managing spam tokens is both simple and effective from the dedicated Spam Center page, as you will discover later.

When you mark an asset as spam, it is:

❌ Excluded from portfolio value

❌ Excluded from all tax calculations
❌ Excluded from all tax reports

👁️ Hidden from the Transactions page (by default)

You can still view spam transactions by adjusting the filters on the Transactions page.

You can mark any token or NFT as spam at any time. Coinpanda offers two ways to mark assets as spam:

PS! The Mark as spam action is only available for Receive transactions.

You can also manage spam assets directly from the Spam Center (see below).

The Spam Center gives you full control over how spam is handled in your account.

It includes two sections:

This section shows all assets currently marked as spam, including:

If any asset has been wrongly marked as spam by Coinpanda, or if you have accidentally marked the wrong asset as spam manually, you can whitelist the asset and restore all transactions this way:

This action will whitelist the asset to ensure that any future transactions imported are not marked as spam. This also applies if you delete all previously imported transactions and re-import your transaction history from the API.

Selecting "Unmark as spam" will also reverse the spam status of all previously imported transactions, such that all transactions of the asset will be included in your portfolio and tax calculations.

This section shows all assets that may be spam, but are not yet marked as such.

These are:

Any tokens tracked by CoinGecko are intentionally excluded from potential spam, since any tokens that are tradeable and have significant value should not be treated as spam in Coinpanda.

If any asset has not been automatically identified as spam by Coinpanda, or if you have accidentally unmarked an asset as spam manually, you can blacklist the asset and mark all transactions as spam this way:

This action will blacklist the asset, ensuring that any future imported transactions are automatically marked as spam. This also applies if you delete all previously imported transactions and re-import your transaction history from the API.

Selecting "Mark as spam" will also mark all previously imported transactions as spam. This is very helpful since you only need to mark the same asset as spam one time - no need to mark each individual transaction as spam anymore!

Anyone can send tokens to your public wallet address. This is a common tactic used in crypto scams.

No. As long as they are marked as spam in Coinpanda, they are fully excluded from all tax calculations.

You can:

This will permanently whitelist the asset.

No, you should generally never delete individual transactions previously imported into any Coinpanda wallet.

The best action is to mark the asset as spam from the Potential Spam page, which also ensures the same transactions don't get reimported in the future.