Why Binance Tax Reporting Is Harder Than It Looks
Binance is one of the largest crypto exchanges in the world, supporting hundreds of trading pairs and a wide range of financial products. Unlike Coinbase, Binance does not issue 1099 forms to US users, so you're entirely responsible for calculating and reporting your own gains, losses, and income. Every spot trade, Earn deposit, Savings redemption, Convert, and Launchpool reward is a potential taxable event that needs accurate cost basis tracking.
What makes it complex
- 75+ operation types: Binance CSVs include spot trades, deposits, withdrawals, Earn subscriptions, Savings interest, Launchpool rewards, dust conversions (BNB Small Assets), Convert trades, BNB Vault rewards, referral commissions, distribution payouts, and more. Each type requires different tax treatment.
- Cost basis tracking: US reports support FIFO, LIFO, and HIFO. FIFO uses oldest lots first, LIFO newest lots first, and HIFO highest-cost lots first. UK users get HMRC-compliant Section 104 pooling with same-day and bed & breakfast rules.
- Multi-currency support: Binance supports hundreds of trading pairs across multiple quote currencies (USDT, BUSD, BTC, ETH, BNB). All values must be converted to your filing currency with accurate historical prices.
- Automatic price enrichment: Unlike some exchanges, Binance CSVs do not include USD spot prices. Our engine automatically enriches every transaction with historical daily prices so your cost basis is accurate.
- Missing cost basis: If you transferred crypto into Binance from another wallet or exchange, Binance has no record of your original purchase price. This creates gaps that can overstate your gains.
Tax reporting: Binance does not issue 1099 forms
Binance does not issue Form 1099-DA, 1099-B, or any other IRS tax form to most users. This means the IRS may not receive a copy of your trading activity, but you are still legally required to report all crypto gains, losses, and income on your tax return.
Following the $4.3 billion DOJ settlement in November 2023, Binance has reduced services for US-based customers. Some US users have migrated to Binance.US or other exchanges but still need to report historical Binance.com activity. DYOR.tax processes both Binance.com and Binance.US CSV formats.
Binance US vs Binance.com
Binance.US and Binance.com are separate platforms with different CSV export formats. Binance.US serves US customers and has a simplified product set, while Binance.com offers the full range of Earn, Launchpool, and other products. Our parser handles both formats automatically Just upload whichever CSV you have.
How DYOR.tax solves this
Upload your Binance CSV and we parse all 75+ operation types automatically. Our two-pass cost basis engine uses your complete history (including prior years) to build accurate cost basis queues, then calculates gains and losses for your selected tax year. US users can choose FIFO, LIFO, or HIFO, while UK users automatically get HMRC-compliant Section 104 pooling.
If you also traded on-chain, optionally connect MetaMask or Phantom, or paste wallet addresses to merge exchange data with DeFi activity across 41+ EVM chains, Solana, and Bitcoin. Cross-source self-transfer detection avoids double-counting.
What's in the report
Your paid PDF includes everything you need to file: a capital gains filing table mapped to your country's tax forms (Form 8949 for US, SA108 for UK, Schedule 3 for Canada), crypto income summary, top assets by P&L, end-of-year holdings with cost basis, and a complete transaction audit trail. UK reports include a Match column showing whether each disposal was matched via same-day rule, bed & breakfast, or Section 104 pool.
Binance tax calculator by country
Country-specific Binance tax guides with local tax rules, filing forms, and deadlines:
🇺🇸 US · 🇬🇧 UK · 🇨🇦 Canada · 🇦🇺 Australia · 🇳🇿 New Zealand · 🇮🇳 India · 🇿🇦 South Africa
Supported countries
We generate country-specific reports for the US, UK, Canada, Australia, New Zealand, India, and South Africa. Each report uses the correct cost basis method, tax rates, and filing rules for that country.
Bitcoin wallet support
Hold BTC in a hardware wallet? Add your Bitcoin addresses (P2PKH, P2SH, Bech32, or Taproot) and we'll scan your full transaction history and merge it with your Binance data. Up to 3 BTC addresses per report.
Also available
We support Coinbase (35+ transaction types) and Kraken (ledger format with refid pairing). If your year also touched the US-only Binance stack or offshore derivatives-focused venues, see our Binance.US, Bybit, and OKX pages too. Each calculator handles the exchange's unique CSV format and transaction types.
Binance tax guides
How to Report Binance on Your Taxes — step-by-step filing guide covering BNB fee disposals, Earn income, and all 75+ operation types.
Binance Tax Forms: What Binance Sends (and Doesn't) — why Binance doesn't issue 1099s and what you must calculate yourself.
Best Crypto Tax Software 2025 — how different tools compare on exchange support, country rules, and pricing.
Free Crypto Tax Calculator — what's included in the free preview vs the paid filing report.