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Binance and taxes in France
Binance account and live in France, you must know your tax obligations to avoid any error when you declare. Should we declare your Binance ? What taxes apply to cryptocurrency gains? What solutions exist to calculate your taxes with Binance ? This complete guide brings you clear and detailed answers.
Table of contents
Should we declare a Binance account to taxes in France?
According to Cryptoast Binance users residing in France are not required to declare their account as a foreign account via form 3916-bis , as Binance has a branch in France registered under the name Binance France SAS . Indeed, since its registration as a Digital Asset Service Provider (PSAN) with the Autorité des Marchés Financiers (AMF) in May 2022, Binance has been recognized as an entity legally operating on French territory. This distinction implies that the accounts of French users are attached to a local entity and not to a foreign platform, which exempts them from the reporting obligation for accounts held outside France.
How are the gains made on Binance in France imposed?
Since 2019, gains from cryptocurrencies have been subject to a specific tax regime in France.
1. The exemption threshold of € 305
Transactions not exceeding €305 per year are tax-exempt. Beyond this amount, profits become taxable .
2. The taxation of capital gains on Binance
If you exceed this threshold, your earnings are subject to the single flat -rate levy (PFU) , also called flat tax , by 30 % . This rate includes:
- 12,8 % income tax
- 17,2 % social security contributions
Example: if you buy Bitcoin on Binance for € 5,000 and sell it for € 8,000 , you are gaining a capital gain of € 3,000 . You will therefore have to pay € 900 in taxes (€ 3,000 x 30 %) .
3. Declare his capital gains on Binance
To declare your gains in cryptocurrencies, you must complete two forms during your tax return:
- Form 2086 : details each transfer of cryptocurrencies
- Form 2042 C : allows you to integrate capital gains or losses into the main declaration
How to calculate your taxes with Binance ?
Calculation of capital gains can quickly become complicated, especially if you perform many transactions or use several platforms. Fortunately, tools exist to automate these calculations and generate your tax declarations.
1. Binance tax calculator
Binance offers its own tax calculator , the Binance Tax Calculator . This tool is useful if you only use Binance for your transactions. It allows:
✔ Generate a tax report based on your Binance
✔ Follow your earnings and losses
✔ Export a summary file
⚠ Limit: Binance Tax only takes into account the transactions made on Binance . If you use other DEFI , you will need a more complete solution.
2. Complete tools to declare its crypto taxes in France
If you use several exchanges ( Binance , Kraken , Coinbase , etc.), decentralized wallets or do staking and yield farming , you will need a more advanced tax tool .
🔹 Waltio
✅ French platform specializing in crypto taxation
✅ automatizes the calculation of capital gains and the generation of French tax forms
✅ Compatible with Binance and other platforms
🚀 Ideal for French tax residents
🔹 Cryptotaxcalculator
✅ automatically imports transactions of more than 800 platforms
✅ allows you to classify transactions by type (
trading , staking , nft, defi, etc.) ✅ generates detailed reports adapted to French law
🔹 Koinly
✅ One of the most popular tools in the world
✅ manages both centralized exchanges and
DEFI protocols ✅ supports automatic imports of transactions
✅ Simplified generation of tax reports
⚠ Tools like Waltio, Koinly or CryptoTaxcalculator support Binance , but also other crypto platforms and wallets. They are recommended if you have diversified investments.
FAQ: Answers to frequent questions about Binance and taxes in France
1. How are gains on Binance in France imposed?
Cryptocurrencies are subject to 30 % taxation , unless the total annual transfers is less than € 305 .
2. Is Binance Tax sufficient to declare my taxes?
Yes, if you only use Binance . Otherwise, use Waltio, Cryptotaxcalculator or Koinly for a more complete declaration.
3. Can I reduce my taxes in cryptocurrencies?
It is possible to deduce the losses of future gains. If you sell with a capital loss, it can be offset with capital gains in the same fiscal year.
Conclusion: Do not neglect your tax obligations on Binance !
Cryptocurrency taxation in France is strict, and tax audits are becoming increasingly frequent. To avoid errors and optimize your tax return, follow these tips:
✔ Use an appropriate tax tool ( Binance Tax, Waltio, Koinly, etc.)
✔ Declare your earnings and meet tax deadlines
By respecting these rules, you avoid sanctions and ensure your compliance with the French tax administration.
Investments in cryptocurrencies are risky. Crypternon could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a property or service put forward in this article. Readers must do their own research before undertaking any action and investing only within the limits of their financial capacities. Past performance does not guarantee future results. This article does not constitute an investment .
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AMF recommendations. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital .
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Yoann
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
