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 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 between your own accounts or wallets. For example, if you withdraw some bitcoin from an exchange, this will show up as a Withdrawal transaction 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 a 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 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, Cost, Gift, Realized P&L
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