Export Binance to CSV
Overview
Understanding your cryptocurrency transactions is crucial for managing your portfolio and staying compliant with tax regulations. Exporting your Binance transaction history to a CSV file is not only valuable for tax reporting through tools like the Binance Tax Reporting Tool, but it also offers the flexibility to analyze your financial data in spreadsheet applications. On this informative page, we'll explore what Binance is, guide you through the process of exporting your Binance transactions to a CSV file, discuss the practical use cases for doing so, introduce an alternative method for exporting data using Sourcetable, and provide a helpful Q&A section about exporting Binance to CSV to enhance your trading experience and financial oversight.
What is Binance?
Binance provides a software tool that encompasses a variety of services for digital asset trading. This includes Spot, Margin, Futures, and Options API trading, catering to a diverse range of trading strategies and preferences. It is designed to offer users the flexibility to engage with the cryptocurrency market in multiple ways.
The platform also supports a testing environment for API trading, allowing developers and traders to experiment and refine their trading algorithms in a risk-free setting before executing them in live markets. This feature is particularly useful for those looking to ensure their trading strategies are well-tested.
Binance's APIs boast compatibility with multiple programming languages, making the platform accessible to a wide developer community. The supported languages include Python, Java, Node.js, DotNET, and Ruby, among others, providing versatility and ease of integration with various software projects and trading tools.
It is important to note that the Binance API is unofficial and that Binance is not liable for any losses or damages that may arise from its use. Users of the Binance API should proceed with caution and at their own risk.
Exporting Binance Transactions to a CSV File
Exporting via Binance API Management
To export your Binance transactions to a CSV file for use with Koinly, start by logging into your Binance account. Navigate to the Binance API management page. If you have futures transactions, you will need to create a regular API key. Otherwise, for the purpose of tax reporting, create a Tax Report API key on Koinly. After creating the necessary API key, copy the API key and API secret from Koinly and paste them into Binance to establish a connection.
Uploading CSV to Koinly
With the API keys set up, proceed to Koinly and click the Import button. This will allow you to upload the CSV file you have obtained from Binance. It is important to review your transactions in Koinly to ensure they are tagged correctly. Additionally, you should review your tax report in Koinly to assess your tax liability.
Syncing Binance Data to Koinly
You can sync your Binance transactions with Koinly by uploading a CSV file directly. Generate the CSV file from your Binance transaction history and upload this file to Koinly. If you have not yet created a Koinly account, you can do so for free. Remember that for syncing Binance with Koinly via CSV, particularly if you have futures transactions, you should use 'System generated' API keys. This will ensure that all relevant transactions are captured in Koinly for tax calculation purposes.
Streamline Your Binance Data Management with Sourcetable
With Sourcetable, you can say goodbye to the tedious process of exporting your Binance data to a CSV file and then importing it into another spreadsheet program. Sourcetable offers a seamless integration that syncs your live data directly from Binance, eliminating the need for manual data transfer. This not only saves you time but also ensures that your data is always up-to-date, providing you with real-time insights into your cryptocurrency portfolio.
Sourcetable's robust platform simplifies the way you interact with your data. It allows you to automatically pull in data from multiple sources, including Binance, and manage it all from a single, familiar spreadsheet interface. This means you can focus on analysis and decision-making rather than data entry. Moreover, Sourcetable's capabilities are perfect for those who are looking to enhance their automation and business intelligence strategies. By streamlining data management, Sourcetable empowers you to make more informed decisions quickly and efficiently.
Common Use Cases
-
Use case 1: Syncing Binance transaction history to Koinly for tax reporting purposesB
-
Use case 2: Creating a detailed and customized report of all Binance trades and transactions for personal record-keepingB
-
Use case 3: Analyzing full transaction history to determine tax obligationsB
-
Use case 4: Importing Binance trades starting from 2021 to Koinly using the CSV file for portfolio trackingB
-
Use case 5: Exporting and reviewing dust conversions and other specific transaction types from Binance for financial auditingB
Frequently Asked Questions
How can I export my Binance transactions to a CSV file?
Log into Binance, go to the Binance API management page, and select create tax report API. Alternatively, you can use the Koinly API or the Koinly CSV upload feature to export your transactions.
Why doesn't Binance's API report my entire transaction history?
Binance's API may have limitations and not report your entire transaction history. In this case, it is recommended to use CSV files by exporting your transactions in the 'Transaction History' format.
What should I do after downloading the CSV files from Binance?
After downloading the CSV files, which are usually in .tar.gz format, extract the CSV files from the .tar.gz file and import the entire history into Koinly. Then, verify that the balances calculated by Koinly match the actual balances in your Binance account.
What do I do if there are Missing Purchase History errors in Koinly after import?
If there are Missing Purchase History errors, you should import the missing data into Koinly to ensure that your transaction history is complete.
Conclusion
As you can see, exporting your Binance transaction history to a CSV is a straightforward process that begins with logging into Binance, creating a tax report API, and completing the required security authentication. Once you've copied the API keys, you can easily paste them into Koinly, follow the onboarding process, and then sync and review your transactions to ensure your tax liabilities are accurately captured. However, for a more seamless and direct approach, consider using Sourcetable to import your data directly into a spreadsheet, simplifying your workflow even further. Sign up for Sourcetable today to get started and streamline your crypto finance management.
Recommended Export CSV Guides
