KuCoin Tax Reporting

TokenTax imports KuCoin data for easy cryptocurrency trade tracking and tax filing.

KuCoin crypto exchange

Wondering how crypto taxation works? Get help with cryptocurrency tax.

Tax filing when you’ve traded on KuCoin

KuCoin is one of the more popular crypto exchanges. Many use it to trade a wide variety of altcoins that are often not found on other exchanges. Because crypto to crypto trades are taxable in many jurisdictions, including the United States, you will likely need to report trades made on KuCoin. 

How KuCoin taxes work

Per IRS guidance, you must report the USD values of the trades that you execute, even for crypto to crypto trades. Cryptocurrency tax software can help with this, importing trades from KuCoin automatically via API connection or via your CSV / spreadsheet records. 

Because many use KuCoin to trade a wide variety of altcoins, software is notably helpful in this case as it will be able to calculate the necessary fiat values for taxes for even the more obscure tokens. 

The rest of your trading history will be calculated as well, so if you bought bitcoin on a fiat exchange like Coinbase, it will register the cost basis of that bitcoin if it was later transferred to KuCoin and traded for an altcoin. 

The FBAR for KuCoin

KuCoin is a non-U.S. based exchange, so if you a U.S. citizen above the FBAR threshold, you will need to include it in your FBAR filing. In addition to information about your account as well as KuCoin’s country of operation, you need to include what your highest balance of crypto held on the exchange was during the year, calculated in USD. Our platform is able to calculate this value based off of your KuCoin crypto transaction history.  

Uploading a KuCoin CSV with TokenTax

For trades:

  1. Once on the Kucoin main page (https://www.kucoin.com/), hover over "Orders" on the top right corner of the screen, and click on "Spot Orders".

  2. Once on the "Spot Orders" screen, click on "Trade History".

  3. Once on the "Trade History" screen, to your far right of the screen click on "Export to CSV". KuCoin only allows exports of 100 days at a time, so do 100 day segment exports for your whole KuCoin history.

  4. Once the request is confirmed, hover over your account icon and click on "Member L1"

  5. Once on the "Member L1" screen, click on "Download CSV".

  6. Once on the "Download CSV", on far right of your screen underneath the progress column click on the most recent download button. 

  7. Proceed to upload the CSV file to TokenTax.

For deposits and withdrawals:

  1. At the top right of the Kucoin main page (https://www.kucoin.com/), hover over Assets and click on "Main Account (Deposit & Withdraw)".

  2. Once on the "Main Account (Deposit & Withdraw)", on the left of the screen click on "Deposit & Withdrawal History".

  3. You will be taken to a screen which displays your Deposit history, if you click on Withdrawal History tab you can view respective data.

  4. Once on the "Deposit history" screen, to your far right of the screen click on "Export to CSV". KuCoin only allows exports of 100 days at a time, so do 100 day segment exports for your whole KuCoin history.

  5. Once the request is confirmed, hover over your account icon and click on "Member L1"

  6. Once on the "Member L1" screen, click on "Download CSV".

  7. Once on the "Download CSV", on far right of your screen underneath the progress column click on the most recent download button. 

  8. Repeat this process, but for the Withdrawal history

  9. Upload your CSV file to TokenTax

Importing a KuCoin API into TokenTax

  1. Open the Kucoin API page (https://www.kucoin.com/account/api) by hovering over your user icon at the top right and clicking API Management.

  2. At the bottom of the API page, click Create API.

  3. Give your key a name and a passphrase. Copy down the passphrase, as it will not show again.

  4. Enable only the General permission.

  5. Select No limit for IP limit.

  6. Copy your API key, secret, and passphrase to TokenTax.

Calculate your crypto taxes now

TokenTax does the hard work so you don’t have to.