How to use Phemex Tax Reporting Service ?

Phemex has partnered with Koinly and CoinTracking to provide all our users with convenient and accurate crypto tax reporting services.

Crypto trading can be very rewarding, but tracking portfolio details and reporting taxes can be a hassle without the right support. CoinTracking and Koinly are both industry leaders who help millions of crypto investors calculate and minimize their crypto taxes.

We recommend CoinTracking, which supports one-click export of your transaction history and Phemex users can enjoy an exclusive 10% discount! Here are the details of payment fees for different platforms, please refer to CoinTracking platform fees and Koinly platform fees.

Now you can enter the Phemex Tax Reporting Service and follow the steps to complete your tax report.

CoinTracking Tax Reporting Service

Step1.Download your transaction files for all years of trading.

• Enter thePhemex Tax Reporting Service, Simply click on "One Click Download" under CoinTracking.
• Select the period to generate the report. The default is Last Year. If you have special needs, you can choose other periods.
• It takes about 5 minutes to generate the report, and you can download it after the status changes from Generating to Generated.
• Due to server capacity constraints, each user can generate up to 20 times per month, Please download cautiously.

Note: Phemex CSV import does not include Margin PnL data yet. If you need it, go here to export it.

Step2.Upload the CSV files of Phemex transaction history to CoinTracking

• After getting thePhemex transaction history from Phemex, enter CoinTracking to upload it.
• Please wait until it is processed, then you can review and download the report.
• Please enter Cointracking's User guide for details.

Koinly Tax Reporting Service

Step1.Download your transaction files for all years of trading.

a. Contract History report

• Enter Funds History
• Select "Contract Trade Accounts"
• Select "Generate History Report"

b. Spot History Report

• Enter Funds History
• Select "Spot Account"
• Then select "Generate History Report"

c. Spot Trading report

• Enter Spot History
• Select "Trade History"
• Select "Generate History Report"

d. Investment History report

• Enter Funds History
• Select "Investment Account"
• Then select "Generate History Report"

e. Withdrawals Report

• Enter Deposit & Withdraw History
• Select "Withdraw"
• Select "Generate Withdrawals Report"

Step2.Upload the CSV files of Phemex transaction history to Koinly. 

• After getting thePhemex transaction history from Phemex, enter Koinly to upload it.
• Wait until it is processed, then you can review and download the report.
• Please enter Koinly’s Getting Started and Help Center for details.

Phemex offers simple ways to generate all the information you need to do your crypto taxes. You can export account statements into CSV files, then import them to Koinly or Cointracking to perform tax declaration.