Kucoin Tax Guide

CryptoTaxCalculator is proud to announce a partnership with Kucoin, as can be seen here. We now make it really easy for users to import their data directly from Kucoin into our calculator in order to estimate their taxes. You can follow the below guide to understand how crypto taxes work on Kucoin, and how to import data into CryptoTaxCalculator.

Like all exchanges trading on Kucoin is subject to either capital gains or income tax depending on a variety of factors including if you are trading as a business or individual. For a comprehensive breakdown of crypto taxes in Australia visit our Crypto Tax Guide.

It is important to recognize when a capital gains event occurs - when you are transferring between crypto and fiat or crypto to crypto and whether or not you are in control of the funds in your exchange account from a legal perspective (some exchanges will take control of your funds while some simply negotiate on your behalf).

Records may be requested from the ATO for up to 5 years after the trade has occurred so it is important to keep records of all transactions with basic information including date, time, amount, currency. Luckily Kucoin offers two ways to access this data - a simple CSV export of your transaction history, or you can create an API to collect the data for you.

At this time CryptoTaxCalculator supports a CSV file upload of Kucoin data and this can be done in 6 easy steps:

  1. Login to KuCoin

  2. Navigate to Orders > Spot Trade History > Trade History

  3. Click on ‘Export to CSV’

  4. KuCoin only allows for 100 days to be exported at a time, so select 100-day intervals from your all-time trading history

  5. Once the CSV is downloaded, navigate to https://www.kucoin.com/account/download

  6. Click on the download icon

All content in this article is general information only and does not constitute financial, tax or legal advice. It is not intended to be used by anyone for the purpose of financial advice, legal advice, tax advice, tax avoidance, promoting, marketing or recommending to any other party any matter addressed herein. For tax, financial or legal advice please consult your own professional.

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