Do you know how to download Coinbase transaction history?
Coinbase transaction history is important for anyone who trades in cryptocurrency. It allows one to keep a record of their gains and losses, earned income, etc. It basically captures both inflow and outflow account activity.
The inflow transactions record the funds sent to your account while the outflow transactions indicate those funds that leave your account.
How to Download Coinbase Transaction History In A Few Simple Steps
This guide will help one to download their transaction history easily.
However, one should understand that this guide will only explain how to download the records and that it is not tax advice.
Before getting to the actual steps to download the desired information, one should know what Coinbase is, what kinds of reports its customers can get and why it is important to get the history.
Cryptocurrencies such as Bitcoin and Ethereum are becoming increasingly popular to use in the digital financial market of today.
People all over the world are investing in them due to the possible great returns they can get.
Coinbase is an American company that provides cryptocurrency users with an exchange platform.
It is the largest leading cryptocurrency exchange platform in America in regards to the trade volume. People can buy, sell, transfer, and store cryptocurrency using Coinbase.
What Are The Different Types Of Transaction History Reports Available?
Coinbase users can choose from multiple types of reports including product checkouts, donation checkouts, invoices, refunds, withdrawals, and all transactions (default setting).
They can also be filtered by all inflows that will include product checkouts, donation checkouts, and invoices.
In case one only needs information on all the outflows, they can filter the report containing all outflows including withdrawals, conversions, and refunds.
Why Is Downloading Coinbase Transaction History Important?
The important information a transaction history contains should be accessible at any time a user wants.
Knowing how to download Coinbase transaction history is crucial because the included information is important not just for maintaining personal records but is also required by one when submitting taxes.
Moreover, all the crypto transactions conducted by an individual need to be reported according to the laws of the country they reside in.
Therefore, one must be aware of all the laws relating to Coinbase and cryptocurrencies.
Customers in the US can use the “Coinbase Taxes’ to understand everything in regards to filing taxes.
Whether the US customers have earned or lost money, it is essential to report this to the IRS in case the person is a US citizen.
This is because the US Department of Internal Revenue Service, or IRS for short, considers cryptocurrency such as Bitcoin, similar to bonds and stocks.
Therefore, all US citizens are obliged to disclose particular information regarding their digital assets.
They need to fill the form 1099-MISC issued by the IRS, and the information needed for that form requires the taxpayers to have access to their Coinbase transaction history.
All users outside the US would not receive any forms from Coinbase.
They must download the transaction history report to meet the tax obligation and other laws of their own country.
Steps To Download Coinbase Transaction History
Coinbase transaction history is important information for various reasons and there are a few steps that one could follow to download it with ease.
Step 1: Sign In To The Coinbase Website Using A Mobile Browser
Firstly, access the Coinbase website using either a mobile browser such as Safari or Google Chrome, or using the browser on your desktop.
There is also a user-friendly app for Coinbase which can be used by users to operate their crypto exchange account.
However, the Coinbase mobile app cannot be used to access or download the reports.
Therefore, to download transaction history, visiting the Coinbase website via an internet browser is currently the only way.
Once the website is up and running, sign in and follow the next step.
After signing in, you will be taken to the dashboard. There, look for the menu icon (three horizontal lines) on the top right of the screen.
However, this is the case for those using the mobile version of the website.
Those accessing the site via a desktop will see their profile picture instead of the menu icon, and they will have to click on that to access the menu.
Step 3: Select The Option “Reports”
Upon tapping the menu icon, or the profile picture on the desktop, a menu will appear. There will be multiple options listed.
Scroll down the options listed and just under “Settings”, there will be the option of “Reports”. Click on the “Reports” and you will be taken to the reports page.
Upon clicking/tapping the specified option, a page will open up where you would be able to get access to your income information and the desired transaction history.
Step 4: Select “Generate Report” Under The “Transaction History” Tab
Once the “Reports” option has been clicked and you are on the relevant page, you will find a tab labelled “Transaction history”, which provides all the relevant information regarding the report.
You will be able to find transaction history options related to each Crypto that you have managed over a particular period of time.
It will include orders for every cryptocurrency that you have traded or converted on Coinbase. You can even filter by dates or transaction type.
There will be a button that says “Generate report” on the “Transaction history (all-time)” header.
Upon clicking the “Generate report” blue button, report of your Coinbase transaction history will be generated.
Step 5: Generate The Report
Once you have selected the option to “Generate report”, a “Download report” window will appear.
On that pop-up window, there will be dropdown boxes labelled “All time”, “All assets”, and “All transaction” respectively.
The dropdown boxes allows one to filter their transaction history according to time, assets and the desired transaction types.
The transaction types for the last dropdown can include the ones that were bought, sold or converted, etc.
Under the three filters mentioned above, there will be two options to download your Coinbase transaction history.
One will be to generate a PDF report and the other option would be to generate A CSV report. Click on “Generate report” next to the type of format you prefer.
However, a PDF report is mostly recommended due to a few reasons. The transaction history may take a little time to generate.
Once generated, it can be downloaded by selecting the option of “Download” when it appears.
By following the above simple steps, you will be able to download the Coinbase transaction history successfully and easily.
What Does A Downloaded Report Contain?
The report indicates the date range including the starting date of the transaction till the last date selected. It also shows what filters were applied to the report.
The data included falls under the main headings of “Timestamp”, “Transaction Type”, “Asset”, “Quantity Transacted”, “Spot Price Currency, Spot Price at Transaction, and “Subtotal (inclusive of Noted fees)”
Benefits Of Accessing Transaction History On Coinbase
Coinbase has made accessing transaction history quite easy for its customers. This is one of the reasons why it has become the leading cryptocurrency exchange platform in America.
There are a few reasons that make this method quite convenient.
Firstly, it contains all the relevant information required to fill out the 1099-MISC form for tax returns in the US. Secondly, the system generates all the details of all inflows and outflows in a matter of just a few minutes.
It is also done all online so the customers can get access to the important information from the comfort of their homes or wherever they are.
Moreover, there is also no service fee to get the report and Coinbase users can download reports as many times as they need to.
Does Coinbase Keep Track Of The Transactions And Can One Delete Them?
Coinbase does keep track of the transactions as it is its way of providing a sense of security for its customers.
It also understands that its customers around the world need to file a tax report, which is why one can access their history by following a few simple steps.
If one would like to delete their transaction history on Coinbase upon closing their account, they can request the deletion of all the information.
However, they might need to withdraw all the funds before being able to do that.
Why Is A Transaction Pending In My Account?
Some incoming transactions may appear as pending in the account. The delay is usually for less than an hour after which the transaction eventually goes through.
However, there are some transactions that are not accepted by the rest of the network and are, therefore, never confirmed.
Downloading Coinbase transaction history is important not just for personal records but also for fulfilling the laws set out in regard to transactions in cryptocurrencies.
Containing information regarding all the outflows and inflows of your account, the history report can allow one to prepare their losses and gains for tax purposes.
Therefore, the information is readily available to Coinbase customers. Now that you know how to download Coinbase transaction history from our guide you can do it easily.