How to do your Pionex taxes in 2024: Complete Instructions + Tools (2024)

#1 Pionex Tax Calculator

🏆 Full Pionex support
📈 Smart tax optimization and offsetting of losses
🏛️ Supports country-specific tax regulations

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Do I have to pay taxes when using Pionex?

Yes, Pionex transactions are considered taxabale events under capital gains tax or income tax in many countries. The tax rates differ from jurisdiction to jurisdiction and some may even offer tax exemptions based on profit thresholds or holding periods.

Read our crypto tax guides for more information.

Does Pionex automatically deduct taxes?

No, as of 2024, Pionex does not automatically deduct taxes from crypto trades.

Calculating crypto taxes can be challenging for crypto exchanges, as they do not have any knowledge of your off-exchange transactions on other platforms or wallets and are therefore missing crucial information required to calculate gains, losses and income.

However, Pionex might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.

We highly recommend tracking and reporting all relevant crypto transactions on and off the exchange to prevent audits and fines.

Import Pionex transactions into Blockpit

Blockpit offers advanced integrations to process Pionex transaction data. Our guide explains how to add the Pionex integration for portfolio tracking and tax calculation.

Step 1: Log in to your Blockpit account

Log into your Blockpit account here: Login. If you don’t have an account yet, please sign up first: Create Blockpit Account.

Step 2: Select "+ Integration"

After logging in, click on “+ Integration" in the top navigation.

Step 3: Select "Pionex"

Select Pionex from the integration creation dialog

Step 4: Follow the on-screen instructions

You can find a detailed Pionex setup guide here: How to import Pionex transactions

Step 5: Wait for the data import to finish

The data import can take several minutes, depending on the number of transactions. Have a look at the import scope description of our Pionex integration in the meantime!

Import Pionex transactions into Blockpit

Blockpit offers advanced integrations to process Pionex transaction data. Our guide explains how to add the Pionex integration for portfolio tracking and tax calculation.

Step 1: Log in to your Blockpit account

Log into your Blockpit account here: Login. If you don’t have an account yet, please sign up first: Create Blockpit Account.

Step 2: Select "+ Integration"

After logging in, click on “+ Integration" in the top navigation.

Step 3: Select the corresponding blockchain

In the appearing integration creation dialog, select the corresponding blockchain from the list.

Step 4: Follow the on-screen instructions

You can find a detailed Pionex setup guide here: How to import Pionex transactions

Step 5: Wait for the data import to finish

The data import can take several minutes, depending on the number of transactions. Have a look at the import scope description of our Pionex integration in the meantime!

Which Pionex transactions are automatically imported into Blockpit?

Blockpit auto-labels Pionex transaction data based on country-specific gain, loss, and income tax categories, then processes them in alignment with your national tax regulations. As a result, Blockpit can distinguish automatically among these asset classes and Pionex transactions:

Assets

✅ Fiat (EUR, USD, CHF, etc.)
✅ Crypto (Coins & Token)
✅ NFTs (NFT Collections)
✅ Commodities (Gold, Silver, etc.)
✅ Derivatives (Tokenized Stocks, Tokenized Commodities, etc.)

Transactions

✅ All transactions provided by Pionex

Review Pionex transaction data in Blockpit

Blockpit seamlessly merges and organizes your Pionex transaction data. Once all data is imported, the following features ensure clarity and assist in verifying data accuracy:

  • Identifying unmerged transfers
  • Flagging unlabeled transactions
  • Highlighting mismatched balances
  • Pinpointing potential issues
  • Filtering of assets and transactions
  • Access to help center guides

For an in-depth overview of Blockpit's review capabilities, refer to: Troubleshooting

What does the Pionex tax report look like?

Blockpit's popular crypto tax calculator creates the most comprehensive tax reports for Pionex and more than 250,000 other crypto assets, exchanges, wallets and blockchains.

Additionally, Blockpit generates pre-filled tax forms for many countries for easy integration into your yearly tax return. Our tax reports also contain clear explanations in terms of legal interpretation for submission to tax authorities. So far, every tax report has been accepted by the tax offices without a complaint.

The tax report provides information about all of your crypto balances, realized profits and losses, and can be used as proof of origin with banks or tax advisors. It contains all relevant transactions of your account, always refers to the selected tax year and shows details such as time stamp, amount, asset, costs and fees of the individual transactions.

You can view some of our country specific crypto tax reports here: Blockpit Sample Tax Reports

Optimize & reduce Pionex taxes with Blockpit

Depending on your tax residency, it is possible to realize profits and losses in order to optimize your taxes (offsetting of losses against gains & tax loss harvesting). Blockpit’s Tax Optimization Feature allows you to identify unrealized gains and losses as well as the holding period of your Pionex assets.

A more detailed description of the Blockpit Tax Optimization Feature can be found here: How to identify and offset unrealized gains and losses?

Add Pionex Integration
How to do your Pionex taxes in 2024: Complete Instructions + Tools (2024)
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