How to calculate your Pionex Taxes?

This guide will walk you through the process step by step, making it easy to manage your Pionex taxes and stay compliant. Whether you’re a trader or an investor, accurately reporting your transactions is essential to avoid any tax-related issues.

If you find Pionex tax reporting challenging, try using Catax, an efficient cryptocurrency tax calculator. Follow these simple steps:

1. Create a Catax Account: Sign up, select India as your country, and set INR as your currency.
2. Connect with Pionex: Link your Pionex account to Catax to automatically import your transaction details.
3. Sort Your Transactions: Catax will categorize your Pionex activities into gains, losses, and income for easy understanding.
4. Download Your Tax Report: Get a detailed tax report from Catax for a clear overview of your crypto finances.
5. File Your Taxes Easily: Use the report to file your taxes online or share it with your tax advisor for assistance.

How Are Pionex Transactions Taxed?

Understanding how your Pionex transactions are taxed helps you stay compliant and avoid unexpected tax bills. Here’s a simple breakdown:

1. Capital Gains Tax:
   • Selling or Trading Crypto: Selling or trading crypto for a profit is generally considered a capital gain.
   • Tax Rates: The rate depends on how long you’ve held the asset and your country’s tax laws.

2. Income Tax:
   • Earning Crypto: Crypto earned through mining, staking, or payments is typically considered income.
   • Tax Rates: This income is taxed at your regular income tax rate.

Since tax rates and regulations vary by country, it’s essential to understand your local tax laws. Consulting a tax professional can help you report your Pionex transactions accurately and stay compliant.

Connecting Your Pionex Account with Catax via API

In Pionex:

1. Go to your profile section and click on API management.

2. Click the Create API button.

3. Add an API label and optionally restrict IPs. Then, click Submit to create the API Key.

4. Enter the email verification code and Google 2FA code, then click Confirm.

5. Your API key has been successfully created.

On Catax:

1. First, log in to your Catax account.
2. Go to the integration section and enter your API and secret key.
3. Enable auto-sync to sync the full transaction history.

How to Export Pionex Trade History from the App?

In Pionex:

1. Go to your Primary Account section in the sidebar to view your trading assets and portfolio details.

2. Click on Transaction History from the sidebar to access the export transaction options.

3. In the Export Transaction Records section, select the time range for which you want to export the transaction history.

4. After selecting the time range, click on the Submit button to generate the transaction history file.

5. Wait for the transaction export request to process. The status will change to “Processing.”

6. Once processing is complete, click on the Download button to save the exported transaction file.

On Catax:

1. First, log in to your Catax account.
2. Go to the integration section and enter your API and secret key.
3. Enable auto-sync to sync the full transaction history.

FAQs (Frequently Asked Questions)