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A guide to transaction types
A guide to transaction types
E
Written by Eivind Semb
Updated over a week ago

On the Transactions page, you will see a dropdown menu for Type. Coinpanda categorizes all transactions into six different main types:

Bought

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

  • USD → BTC

  • EUR → ETH

  • GBP → SOL
    ... etc

Sold

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

  • XRP → USD

  • ARB → CAD

  • UNI → AUD
    ... etc

Trade

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

  • LTC → XRP

  • ETH → BAYC #1234 (NFT)

  • BNB → CAKE-LP (add liquidity)
    ... etc

Coinpanda categorizes transactions in this way to simplify filtering the transactions you are looking for. For example, do you want to see a list of all your transactions where you have converted fiat to crypto? Choose Bought from the Type dropdown.

Transfer

A Transfer transaction is a transfer of any cryptocurrency or fiat between your own accounts or wallets. Such transactions will not impact your tax calculations as they are simply an internal transfer of your own assets. This means that they will also not change your portfolio balance.

Received

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

  • You received some coins from a friend as a gift

  • You received crypto from a hard fork (ex: Bitcoin Cash)

  • Some tokens got airdropped to your wallet (ex: Uniswap airdrop)

  • Mining rewards sent to your wallet/account

  • Staking rewards sent to your wallet/account

  • Profits from margin or futures trading

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

Airdrop, Fork, Mining, Staking, Reward, Income, Gift, Interest, Realized P&L, Receive Loan, Collateral, Staking Pool, Bridge

Sent

A Send transaction is always a decrease in 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 and consider the assets being lost

  • Tax-deductible costs (ex: futures trading fees, funding payments)

Send transactions can be labeled as the following:

Gift, Lost, Donation, Cost, Approval, Expense, Interest, Realized P&L, Margin Trading Fee, Margin Funding Cost, Repay Loan, Collateral, Staking Pool, Personal Use, Bridge

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