Coinpanda uses labels to classify your Receive and Send transactions. If you import transactions using API or by uploading CSV file, Coinpanda will in most cases tag your transactions correctly. If you add transactions manually, you will need to tag each transaction yourself.

Receive transactions can be tagged as:

  • Airdrop, Fork, Mining, Staking, Gift, Loan interest, Other income, Realized P&L

Send transactions can be tagged as:

  • Gift, Donation, Lost, Stolen, Spend, Realized P&L, Deductible cost

You should always tag ALL your Receive and Send transactions for accurate tax calculations. If you have such transactions that is not tagged, they will simply increase or decrease your balance without resulting in any capital gains. Coinpanda assumes a zero cost basis for Receive transactions not labelled.

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