Connect CoinDCX with Binocs 

Use Binocs to make your CoinDCX tax reporting easy. It imports your data and helps you create the right tax forms to submit.

CoinDCX is a cryptocurrency exchange platform that was founded in 2018 with the goal of making it easy for Indian citizens to buy, sell, and trade cryptocurrencies. It is one of the largest and most popular cryptocurrency exchanges in India, with millions of users and a growing number of partners and partnerships. The company continues to innovate and improve its platform and is committed to making crypto accessible to everyone.

How are transactions in CoinDCX taxed?

Your CoinDCX transactions are subject to two types of taxes:

1. TDS (Tax Deducted at Source) of 1% for transactions over Rs. 50,000 in a year
2. A 30% flat tax on all profits from selling, swapping, or mining cryptocurrency

Stay informed with our India Crypto Tax Guide.

Does CoinDCX provide tax documents?

No, CoinDCX does not issue tax documents. You can find TDS information in your order details or Trading Report. To calculate your crypto taxes, you can either use your CoinDCX transaction history and do the calculations yourself or utilize a crypto tax calculator.

How to get your CoinDCX tax report with Binocs?

Simplify your tax process with CoinDCX and Binocs. Connect CoinDCX to Binocs by uploading your transaction history via a CSV file. Binocs will quickly calculate your taxes, generate a comprehensive report, and have you ready to file with the ITD in no time. Enjoy a stress-free tax season with the ultimate crypto tax tool.

How to connect CoinDCX to Binocs via API?

To Connect with CoinDCX, you require a pair of keys - an API key and a secret key. These keys allow our system to read your account history to generate portfolio and compute taxes.

How to create an API key and Secret Key in CoinDCX?

Before you create the API key and secret, please take note of the below points:

1. API keys are for read-only access.
2. Supported transaction types for this API connection are: All Trades

STEP 1: Log  in to your CoinDCX account using your login credentials.

STEP 2: Locate and click on the Profile icon located in the top right corner of the screen.

STEP 3: In the dropdown menu that appears, select the "Security" option.

STEP 4: On the Security page, navigate to the section labelled "API Dashboard" and click on it.

STEP 5: Look for the option to "Create a New One" and select it to proceed with generating a new API key.

STEP 6: Next, provide a descriptive label for your API key, such as "Binocs API," to help identify its purpose.

STEP 7: Click on the "Send OTP" button to initiate the process of verification.

STEP 8: You will receive an Email verification code and a Mobile Verification code.

STEP 9: Enter the verification codes in the appropriate fields provided and proceed by clicking on the "Create" button.

STEP 10: Once the verification process is successfully completed your  API key will be displayed on the screen.

STEP 11: Finally, if you need to access the corresponding Secret Key for your API, click on the "View Secret Key" button. Your secret key will be displayed on the screen.

STEP 12: Copy both the API and Secret Keys and paste them in the Binocs Application. Store the keys in a separate file so that you can refer to in case you need them again.
 

How to import your CoinDCX data to Binocs via CSV file?

Before uploading it to Binocs, you must first download a CSV file from CoinDCX containing your complete trade history.These csv allow our system to read your account history to generate portfolio and compute taxes.

Note -
1. Please upload all CSVs for current and past years.

2.Only upload CoinDCX CSVs for this exchange.

3.Please ensure that for incremental transactions, data is added only after the last transaction date and with the same account label.

4.Supported Csvs types in Binocs  for CoinDCX are: Deposit History, Withdraw History, Insta History, Order History

How to download and export your transaction history CSV file from CoinDCX ?

STEP 1: Log in to your CoinDCX account using your credentials.

STEP 2: Once verified, you will be redirected to the CoinDCX dashboard page.

STEP 3: In the top right-hand corner, select "Orders" and then click on “Order History.”

STEP 4: Click on the "Download CSV" button and select the duration of the CSV you need.

STEP 5: Then, click on download. Your order CSV file will be downloaded.

STEP 6: Your Downloaded csv will be look like this.

STEP 7: Follow the same Process for deposit and withdrawal history, select "Wallet History" and click on the "Download CSV" button. Again, select the duration of the CSV you need, then click on download.

STEP 8: Your Downloaded csv will be look like this.

STEP 9: Follow the same process for Insta history, select "Insta History" and click on the "Download CSV" button. Select the duration of the CSV you need and click on download.

STEP 9: Your Downloaded CSV will be look like this.

STEP 10: Save all the downloaded CSV files to your device for future reference.

Is CoinDCX obligated to report to the ITD?
Yes, CoinDCX is obligated, like all Indian crypto exchanges, to report TDS to the ITD. The ITD may also request customer data to enforce tax compliance.