To declare your crypto you need your complete transaction history. On Binance you can export it as a CSV in under five minutes. Here is how.
Why you need your Binance history
To calculate the gains and losses for your return you need:
- the date of every purchase and sale
- the quantity of crypto
- the price in euros
- the fees paid
Important: Binance Spain is registered with the Bank of Spain (tax ID B01929306). That means it is not a foreign exchange and does not trigger Modelo 721. You only need the history for income tax.
Step 1: sign in and open your Transaction History
Use the web version of Binance — it is more capable than the app for reporting.
- Go to binance.com and log in
- At the top right, click the wallet icon
- Choose “Transaction History”
Step 2: open the export menu
- On the Transaction History page, find the document download icon at the top right
- Click it to open the dropdown
Step 3: export the transaction records
In the dropdown that opens, choose “Export Transaction Records”.
Step 4: set the date range
A configuration pop-up will open:
- Choose a custom date range
- Set the dates to cover your entire trading history (from the day you started until today)
- Confirm the export
Step 5: download and send
- Wait for Binance to process the request
- The file comes in CSV format
- Do not modify it — send it to colvence exactly as it is
Step 6: API connection (required, on top of the CSV)
Important: we need both: the CSV from the previous steps and the API connection. They are not alternatives, they complement each other. The CSV gives us the full history; the API lets us verify balances in real time.
Create a read-only API key by following these steps.
Step 1: open the account menu
- Log in at binance.com
- In the top menu, click “Profile”
Step 2: choose Account
In the dropdown menu, select “Account”.
Step 3: go to API Management
In the new window, find and click “API Management”.
Step 4: create a new API key
Click the “Create API” button.
Step 5: choose “System generated”
Pick the “System generated” option so that Binance creates the keys for you.
Step 6: name your key
Give it a descriptive name so you can find it later, for example “colvence” or “Tax report”.
Step 7: set READ-ONLY permissions
VERY IMPORTANT: enable “Read only” and nothing else. Do NOT enable trading or withdrawal permissions.
- Tick only the read option
- Save the API Key and the Secret Key
- We need both in order to read your movements and produce the report
Security: with read-only permissions nobody can move your funds. All we can do is read your transaction history to produce your tax report.
Staking, Earn and Binance Convert
If you use Binance Convert or hold Earn (Staking) rewards, those records sometimes need a separate export from their own sections:
- Earn: go to Wallet > Earn > History
- Convert: go to Trade > Convert > History
Every staking reward is a taxable event. They are taxed as investment income at the moment you receive them.
What is inside the CSV file
The Binance file includes these main columns:
| Column | Description |
|---|---|
UTC_Time | Date and time (UTC) |
Account | Account type (Spot, Futures, etc.) |
Operation | Transaction type |
Coin | Cryptocurrency |
Change | Amount (positive = in, negative = out) |
Remark | Additional notes |
Common problems
The file is empty
- Check that the dates are right
- Make sure you selected the full range of your trading history
Earn/Staking transactions are missing
- Export the Earn history separately
- Binance sometimes keeps these out of the general report
The file does not open properly in Excel
- The CSV uses a comma as its separator
- In a Spanish Excel: Data > Get Data > From CSV file
- Select “comma” as the delimiter
Futures transactions do not appear
- Futures live in an account separate from Spot
- You may need to export them separately
Frequently asked questions
How far back can I export?
Binance lets you export your entire trading history. Choose the custom range from the day you started trading up to today.
Does the file include prices in euros?
Not directly. It includes the quantities, but the euro price at the time of each transaction has to be calculated, or taken from tax software.
Is Binance a foreign exchange for Modelo 721?
No. Binance Spain, the entity serving Spanish users, is registered with the Bank of Spain under tax ID B01929306. You do not have to include it in Modelo 721.
Do I need to export Earn separately?
Sometimes. If your staking rewards do not appear in the general report, export the Earn history from its own section.
Can I export as a PDF?
No. Binance only offers CSV or Excel. CSV is the more useful format for later processing.
Summary
| Step | Action |
|---|---|
| 1 | Go to binance.com and log in |
| 2 | Click the wallet icon → Transaction History |
| 3 | Click the download icon (top right) |
| 4 | Choose “Export Transaction Records” |
| 5 | Set a custom range covering all your activity |
| 6 | Download the CSV and send it unmodified |
Need help with your Binance history?
At colvence we download and process your Binance history. We calculate every gain and loss using the FIFO method and prepare your return.
Get in touch and we will take it from there.
Victor Lazaro
Tax adviser, colvence.com
