How to do your Ronin taxes
Have you invested in Ronin and made transactions from your wallet? If yes, you may need to calculate and report taxes for all your Ronin transactions. Coinpanda can help you with calculating crypto tax for Ronin by following these steps:
- Create a free account and add your Ronin addresses to Coinpanda safely and securely
- Next, Coinpanda will import all your transactions from Ronin
- Wait for Coinpanda to calculate capital gains for your Ronin transactions automatically
- Download your Ronin tax report
- File your Ronin taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from Ronin to Coinpanda. Coinpanda supports the following transactions from Ronin today:
| Tx Type | API import |
|---|---|
| Deposits |  |
| Withdrawals | |
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How to connect Ronin with API
We are only requestingview permissions. This does not give us access to your private keys or the ability to move your funds.
Coinpanda will automatically sync all transactions from a Ronin public address you add. You will most likely find your public address after logging in to your Ronin wallet. Next, copy and paste the address into Coinpanda, and all transactions will be imported automatically!
Not sure how to find the public address of your wallet? We have written instruction articles for the most popular cryptocurrency wallets used today on our integration pages.
Remember that you must add all your wallet addresses to Coinpanda for your tax calculations to be accurate. This also includes wallet addresses you are not actively using anymore.
How to connect Ronin with CSV
Follow these steps to export your transactions from Ronin:
- Log in to NFTBank
- Select ‘Tax Filing’ on the left side
(https://nftbank.ai/taxfiling) - Click ‘Get your transaction history for tax filing’
- Select ‘Coinpanda’ for tax calculator
- Click ‘Continue’
- Select currency and click ‘Continue’
- Add the wallets you want to export transactions from
- Click ‘Continue’
- Enter your email address and click ‘Export Data’
- Click the download link in the email and unzip the CSV files
- Upload the ronin.csv file to Coinpanda
The zip file includes CSV files for several blockchains. We recommend using API sync for Ethereum, Polygon, and Loom. For Ronin and Klaytn, we recommend uploading a CSV file from NFTBank until API sync is supported.
How are Ronin transactions taxed?
The exact tax implications on Ronin transactions depend on which country you live in and the type of transactions you have made. However, in most countries, you must generally pay capital gains tax on all Ronin transactions except transfers between your own wallets.
To learn more about how Ronin transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Ronin taxes?
First, you must calculate capital gains from all taxable Ronin transactions. When this information is ready, you have everything you need to report capital gains in your annual tax return. However, the actual procedure for reporting crypto tax in the tax return might vary from country to country.
To calculate your capital gains, you must first export a complete history of all transactions made on the Ronin blockchain. Once you have this data, you can calculate your capital gains or losses by determining the price at which you bought the cryptocurrency (your cost basis) and the price at which you sold it (your proceeds). Luckily, Coinpanda can help you with this and generate ready-to-file tax forms quickly and easily.
After downloading your Ronin tax statements from Coinpanda, the last step is to report the capital gains on your tax return before the deadline. Most countries allow you to self-declare taxes online in 2023, but you can also get help from a professional tax accountant to file taxes for you.
Calculate your Ronin taxes
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How do I troubleshoot the imported Ronin transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Ronin to Coinpanda, it can happen that either not all transactions are imported or that some data is imported incorrectly. Some reasons for this can be:
- Changes in the Ronin API
- Updated CSV file format
- The Ronin API does not provide a complete record of all transactions
To get the best help from Coinpanda support, you must first identify which transactions are missing or incorrectly imported. To do this, we recommend comparing your transaction history on any Ronin block explorer with the transactions imported into your Coinpanda account. See also our help article with an overview of known blockchain API limitations.
The quickest way to get help from our dedicated support team is to send a message in the Live Chat.
Start Live Chat!
Other options for contacting support:
01
Forum
Find answers in our community forum
02
Create a support ticket by email
Frequently asked questions
How do I get Ronin tax documents?
The easiest way to get tax documents and reports is to connect your Ronin account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Ronin.
Do I have to pay taxes for Ronin?
Yes, all transactions on Ronin involving the disposal of a crypto asset are in most cases taxable. You must also pay income tax on earned crypto such as staking, airdrops, or interest rewards.
Is sending Ronin taxable?
No, sending Ronin is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes for Ronin?
It is impossible to avoid paying taxes completely for Ronin legally if you live in a country that taxes cryptocurrency. However, there are several ways you can reduce your taxes, such as tax loss harvesting.
