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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