Swaped BTC to BNB then swaped it into coins on pancake swap, how to tax?

[Zandrek]

Hello,

it's probably an easy to answer question but I can't find it with the search function.

After losses 2018 and a long break from crypto I started to invest again this year. Now I diversified and exchanged some bitcoin fractions (are they called satoshis?) on Binance into BNB and then exchanged these BNB into other coins on pancake swap.
Now I wonder how do I determine my selling and entry prices in fiat currency? I don't know where to find the excact bitcoin or BNB to dollar values for the excact minute of my trade. Can I see that in Binance and Pancake swap? If not, how do I do it instead? If I would take the dailly end rate? If I do that then of course the numbers wouldn't add up because the coins fluctuate during the day.

How do you handle this?

Best regards

[jackg]

Just use the dollar value that btc started off with, if you don't know then I'd just use the low of the day and the high when you sold to get an overestimate if you don't know it accurately and you want to be sure you've reported enough.

I did think there was a historic fiat value you can get though which you might want to look at finding by just clicking around - on binance they might offer a way to find your capital gains like a lot of other places do.

[Zandrek]

Just use the dollar value that btc started off with, if you don't know then I'd just use the low of the day and the high when you sold to get an overestimate if you don't know it accurately and you want to be sure you've reported enough.

I did think there was a historic fiat value you can get though which you might want to look at finding by just clicking around - on binance they might offer a way to find your capital gains like a lot of other places do.

Then I would pay way too many taxes. There must be a more accurate solution.

[SquirrelJulietGarden]

After losses 2018 and a long break from crypto I started to invest again this year.

Good luck and I hope you won't repeat mistakes like in 2018.

Now I wonder how do I determine my selling and entry prices in fiat currency? I don't know where to find the excact bitcoin or BNB to dollar values for the excact minute of my trade.

I search and find this one. I did not use it but let's give it a try.
https://cryptotaxcalculator.io/
https://www.reddit.com/r/pancakeswap/comments/lp9a14/how_to_handle_tax_on_pancakeswap/

[cryptoaddictchie]

Now I wonder how do I determine my selling and entry prices in fiat currency? I don't know where to find the excact bitcoin or BNB to dollar values for the excact minute of my trade.

To make it easier why not used stablecoin for pairing so you can count the fees or less on the trade. If you used busd on binance there is no fee so there is no deducted during the execution of your trade, while for pancakeswap they incurred fees. Thats normally visible during the end part of the transaction informing you that they will less that amount. Not sure if this is what you meant, or tax in real life trades.

[jrrsparkles]

You can find the Bitcoin and BNB value on Binance with the help of charts,also you can find bitcoin to BNB or vice versa on your trade history but not sure about the pancakeswap.