On the Transactions page you will see a dropdown menu for Category. Coinpanda categorizes all transactions into 6 types.

Bought

If you have bought any cryptocurrency with fiat, Coinpanda will automatically classify this as a Buy transaction. This applies to all fiat currencies and cryptocurrencies:

  • fiat → crypto (e.g. USD → BTC)

Sold

This is simply the opposite of a buy transaction: if you have sold any cryptocurrency and received fiat, it will be classified as a Sell transaction:

  • crypto → fiat (e.g. ETH → EUR)

Trade

Whenever you are exchanging any cryptocurrency for another cryptocurrency, Coinpanda will classify the transaction as a Trade:

  • crypto → crypto (e.g. LTC → XRP)

Coinpanda categorizes transactions in this way to make it simpler to filter transactions you are looking for. Want to see a list of all your transactions where you have converted fiat to crypto? Simply choose Bought from the category dropdown!

Transfer

A transfer transaction is a transfer of any digital asset between your accounts or wallets. If you withdraw some bitcoin from an exchange to another exchange, this will show up as a Deposit and Withdrawal transaction, both classified as Transfer. Such transactions will not impact your tax calculations as they are simply an internal transfer of your own assets.

Received

A Receive transaction is always an increase of your holdings. The following are examples of Receive transactions:

  • You received some coins from a friend as gift
  • You received crypto from a hard fork (e.g. Bitcoin Cash)
  • Some tokens got airdropped to your wallet
  • Mining reward sent to your wallet
  • You have been staking and received payout
  • Profits from margin or futures trading

Coinpanda uses a labeling system to classify Received and Sent transactions correctly. Receive transactions can be labelled as the following:

Airdrop, Fork, Mining, Staking, Loan interest, Other income, Gift, Realized P&L

Sent

A Send transaction is always a decrease of your holdings. The following are examples of Send transactions:

  • You paid for a product or service with crypto
  • Gifting crypto to a friend or family member
  • Donations to a charitable organization
  • You have lost access to a wallet
  • Tax deductible costs (e.g. trading fees, funding payments)

Send transactions can be labelled as the following:

Spend, Lost, Stolen, Donation, Deductible cost, Gift, Realized P&L

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