How to Automatically Import Your Bitunix Trading Records into CoinTracking for Tax Reporting

If you're trading crypto on Bitunix and dreading tax season, here's some good news: you can now sync your transaction history directly to CoinTracking through a simple API connection. No more manual data entry or spreadsheet headaches—just a clean, automated flow that gets your tax records organized in minutes.

This guide walks you through the entire setup process, from generating your API credentials on Bitunix to pulling your first tax report in CoinTracking. Whether you're a casual trader or managing a complex portfolio, this integration can save you hours of work when tax deadlines roll around.

Why Connect Bitunix to CoinTracking?

Tax reporting for crypto can get messy fast. Every trade, swap, and transfer potentially triggers a taxable event, and keeping track manually is a recipe for errors. CoinTracking is designed specifically to handle this complexity—it calculates your gains, losses, and tax liability across multiple exchanges and wallets.

By connecting Bitunix directly through their API, you eliminate the risk of missing transactions or making data entry mistakes. The system pulls your complete trading history automatically, applies the appropriate tax rules based on your jurisdiction, and generates reports that accountants actually understand.

If you're serious about staying compliant while minimizing the time spent on paperwork, 👉 setting up automated crypto tax tracking with CoinTracking is one of the smartest moves you can make. The platform supports over 110 exchanges and 25,000+ coins, so even if you trade across multiple platforms, everything flows into one unified dashboard.

Setting Up Your Bitunix API Connection

The process involves two main stages: creating API credentials on Bitunix, then connecting those credentials to CoinTracking. The entire setup typically takes less than 10 minutes.

Generate Your API Keys on Bitunix

Start by logging into your Bitunix account. Look for your profile icon in the top right corner and click through to API Management. This is where you'll create a dedicated API connection specifically for tax reporting purposes.

Click the Create API button. You'll need to fill out a few fields:

• Note field: Label this something clear like "CoinTracking Tax Import" so you remember what it's for later

• Purpose: Select Bind Third-Party App from the dropdown

• Permissions: The system automatically sets this to Read-only, which is exactly what you want for security reasons

After filling this out, you'll need to verify your identity using whatever security method you've linked to your account—this might be 2FA, email verification, or SMS code depending on your settings.

Once you click Submit, Bitunix displays your API Key and Secret Key. This is critical: copy both of these immediately and store them somewhere secure. These credentials won't be shown again, and you'll need them in the next step.

Link Your Keys to CoinTracking

Now head over to your CoinTracking account. In the top navigation, find Enter Coins and select Exchange Imports from the dropdown menu.

You can either search for "Bitunix" in the exchange list or go directly to the Bitunix API import page. Once you're there, you'll see input fields for your API credentials.

Paste in the API Key and API Secret that you just generated on Bitunix. Below these fields, you'll have options to select which transaction types you want to import and what date range to pull from. Most users should select all transaction types to ensure nothing gets missed.

Click Save. CoinTracking immediately starts pulling your transaction history. Depending on how active you've been on Bitunix, this might take anywhere from a few seconds to a couple minutes. If the automatic import doesn't kick in right away, look for the Check Now button on the right side—clicking this manually triggers the data pull.

Generating Your Tax Report

Once your transactions are imported, the real value of 👉 using CoinTracking for crypto tax management becomes clear. The platform doesn't just store your data—it actively calculates your tax liability based on the specific rules in your country.

Click Tax Report in the top menu to access the reporting dashboard. Select Create a New Tax Report to start the process.

Here's where you customize the report to match your situation:

• Tax country: Choose where you file taxes, since rules vary significantly by jurisdiction

• Tax method: Options include FIFO (First In, First Out), LIFO (Last In, First Out), and others depending on what your country allows

• Tax year: Select the reporting period you need

• Additional filters: You can exclude certain transaction types or wallets if needed

After configuring these settings, click Generate Report at the bottom of the page. The system processes your data and produces a comprehensive tax report showing your realized gains, losses, and total tax liability. This report is formatted to be accountant-friendly and can typically be submitted directly to tax authorities or handed off to your tax preparer.

What Happens Next?

With the API connection active, CoinTracking automatically pulls new transactions from Bitunix going forward. You don't need to manually re-import unless you disconnect the API for some reason.

Most users set up this integration once and then only revisit CoinTracking when they need to generate reports—either at tax time or quarterly if they're making estimated payments. The platform runs in the background, quietly organizing your transaction history so it's ready whenever you need it.

Keep in mind that crypto tax regulations are complex and vary significantly by country. While CoinTracking handles the calculations, it's worth consulting with a tax professional who understands crypto, especially if you're dealing with DeFi transactions, NFTs, or other specialized assets. The platform gives you the data foundation, but interpreting edge cases often requires professional guidance.

The goal here is simple: spend less time wrestling with transaction logs and more time focused on your actual trading strategy. Automated tax tracking doesn't eliminate your tax obligations, but it makes meeting them a whole lot less painful.