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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