On the Transactions page, you will see a dropdown menu for 'Type'. 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 the 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 '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 of 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 (e.g. Bitcoin Cash)

  • Some tokens got airdropped to your wallet (e.g. Uniswap)

  • Mining rewards sent to your wallet

  • Staking rewards sent to your wallet

  • 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, 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 labeled as the following:

Lost, Donation, Margin Trading Fee, Margin Funding Cost, Other Cost, Gift, Realized P&L

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