Key Points
For many cryptocurrency users, filing taxes can be a confusing, tedious, and time-consuming process.
Our new Binance Tax helps users understand their crypto taxes on up to 100,000 Binance trades — at no additional cost.
Binance Tax is currently only available to users in France.
Binance Tax, your go-to assistant during tax season, is designed with the volume and complexity of Web3 transactions in mind.
Tax season is the most dreaded time of the year for many people — especially cryptocurrency users. Using the traditional method of searching a spreadsheet and calculating all of the trades, gains, and losses from the past year can be laborious. For day traders, who typically handle thousands of trades per year, this means extended work hours and stress to ensure they submit accurate documents before tax time is due.
If you’re struggling to stay on top of cryptocurrency taxation or want to speed up the process, be sure to check out our newest cryptocurrency tax calculator, Binance Tax.
With one click, instantly import your Binance transactions into the calculator and get a simple yet comprehensive estimate of your tax liability based on your jurisdiction.*
Binance Tax is still in its early release phase, so its algorithm does not yet cover all transaction types in our vast ecosystem. Binance users should adjust accordingly in their final tax reports.*
Explore Binance Tax →
Why use Binance Tax?
The rules regarding cryptocurrency taxation continue to evolve around the world. We understand that many of our users, including experienced traders, have difficulty filing their taxes and it can be time-consuming. Binance Tax helps you stay up to date on your cryptocurrency-related tax obligations and offers many tangible benefits.
Free to use
While other platforms may charge high fees based on the number of transactions in your reports, Binance provides users with free access to its advanced tax tools. Our system supports up to 100,000 reportable transactions and can accommodate even the most high-trading users in the Binance ecosystem.
Report accurately
Binance Tax provides detailed information about the transactions you make in our ecosystem to help you file your taxes, including but not limited to: spot trades, crypto asset donations, and blockchain fork rewards.
Please note that, as mentioned previously, some transaction types are still not included in Binance Tax.*
save time
Instead of manually checking each transaction, you can view your Binance transactions at once on Binance Tax. Binance users can spend less time worrying about their taxes with Binance Tax, and use it to explore the endless opportunities of Web3.
Currently only available for users in France
Currently, Binance Tax is only available to Binance users in France. Users living elsewhere can rest assured that we are working hard to enable support for more regions and add support for more of your favorite networks and wallets beyond Binance.
Explore Binance Tax →
*Disclaimer: Binance Tax does not support certain Binance products such as futures and NFTs.
Further reading
(Blog) Make audit and reconciliation season easier with Binance Report Center
(College) How are cryptocurrencies taxed?