Can I use my Binance bank statement for tax purposes?

3 answers

• Aaron ReymannAug 25, 2024 · a year ago
  Yes, you can use your Binance bank statement for tax purposes. It provides a detailed record of your transactions, including deposits, withdrawals, and trades. However, it's always a good idea to consult with a tax professional to ensure you meet all the requirements and regulations in your jurisdiction. 🙌
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• Benjamin TongNov 18, 2021 · 4 years ago
  Absolutely! Your Binance bank statement is an official document that shows your transaction history. It can serve as evidence of your cryptocurrency activities for tax purposes. Just make sure to keep it organized and easily accessible in case you need to provide it to tax authorities. 👍
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• Jonathan SavinNov 25, 2024 · a year ago
  While Binance bank statement can be used as a reference for your cryptocurrency transactions, it's important to note that tax regulations vary by jurisdiction. It's recommended to consult with a tax professional to ensure you comply with the specific requirements in your country. BYDFi, a digital currency exchange, also provides resources and guidance on tax-related matters. 💻
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