Resources/exchanges/Kucoin Tax Guide

Kucoin Tax Guide

CryptoTaxCalculator partners with Kucoin

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.

Kucoin Taxes

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).

Record Keeping

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.

Importing Data to CryptoTaxCalculator

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

The information provided on this website is general in nature and is not tax, accounting or legal advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek professional advice. Cryptotaxcalculator disclaims all and any guarantees, undertakings and warranties, expressed or implied, and is not liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or Consequential Loss or damage) arising out of, or in connection with, any use or reliance on the information or advice in this website. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information in this website is no substitute for specialist advice.

Shane Brunette

CEO

Shane Brunette founded CTC back in 2018 after dealing with his own crypto tax nightmare. He has worked closely with accountants and tax lawyers to make it easy for fellow cryptocurrency users to be tax compliant.

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