Investing in ICOs needs to be added to Coinpanda to give you accurate tax information.

Buying into an ICO is essentially the same as making a cryptocurrency trade through an exchange where you are trading one coin for another. You can either import the transaction automatically with auto-sync for your Ethereum address, or you can add these transactions into our generic Excel file and upload the file to Coinpanda.

For example, let's say you sent 5 ETH to a wallet address and in turn received 2,000 ICX coins for their ICO. You would then add this into the generic Excel file this way:

  • 5 ETH as the coin sold/sent

  • 2,000 ICX as the coin bought/received

Then save the file and upload it to Coinpanda.

Read also:

Did this answer your question?