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Crypto Tax · .OFX · 23 Banks

Bank Statement → .OFX for Crypto Tax

Crypto tax reporting requires matching every fiat deposit and withdrawal to a specific exchange and transaction. These appear as bank entries — but only in PDF format. Upload any bank statement PDF and generate an OFX (Open Financial Exchange) file compatible with many accounting tools and banking software. Ideal for importing transactions without manual entry.

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Secure Financial Data Processing

OFX for Crypto Tax — Why It Works

Crypto investors and traders who need to reconcile fiat bank transactions (deposits to and withdrawals from exchanges) for crypto tax reporting. Convert your bank statement to CSV or JSON, then cross-reference exchange deposits and withdrawals against transaction hashes. Clean structured data makes crypto tax reconciliation tractable. Compatible with QuickBooks, Xero, Microsoft Money, GnuCash, Quicken.

Example OFX Output

DateDescriptionDebit (USD)Credit (USD)Balance
2024-03-15Chase ATM Withdrawal2,000.0048,500.00
2024-03-18Salary Credit75,000.001,23,500.00

How It Works

  1. Step 1

    Download bank statement PDFs for the tax year

  2. Step 2

    Upload to MintConvert and download as CSV or JSON

  3. Step 3

    Filter transactions by exchange names (Coinbase, Binance, Kraken) in the Description column

  4. Step 4

    Match fiat deposit/withdrawal amounts against exchange records

  5. Step 5

    Import into your crypto tax software (Koinly, CoinTracker, TaxBit)

Why MintConvert

  • OFXUpload any bank statement PDF and generate an OFX (Open Financial Exchange) file compatible with many accounting tools and banking software. Ideal for importing transactions without manual entry.
  • Crypto TaxConvert your bank statement to CSV or JSON, then cross-reference exchange deposits and withdrawals against transaction hashes. Clean structured data makes crypto tax reconciliation tractable.
  • 23 banks supportedAuto-detected — no configuration per bank.
  • Compatible withKoinly, CoinTracker, TaxBit, Excel
  • Privacy firstPDFs deleted immediately after conversion.
  • Free to start5 free conversions/month. No credit card.

Frequently Asked Questions

Why is OFX the right format for crypto tax?

Upload any bank statement PDF and generate an OFX (Open Financial Exchange) file compatible with many accounting tools and banking software. Ideal for importing transactions without manual entry. For crypto tax: compatible with Koinly, CoinTracker, TaxBit.

How does the OFX output support crypto tax workflows?

Convert your bank statement to CSV or JSON, then cross-reference exchange deposits and withdrawals against transaction hashes. Clean structured data makes crypto tax reconciliation tractable. The output includes consistent columns (Date, Description, Debit, Credit, Balance) across all 23 supported banks.

Which banks are supported for OFX for crypto tax?

23 banks across 8 countries: HDFC Bank, ICICI Bank, State Bank of India, Axis Bank, Kotak Mahindra Bank, Chase, and more.

Is the OFX output compatible with Koinly?

Yes — Most accounting tools allow OFX imports through their bank import feature. Upload the generated .ofx file and transactions will be automatically added to your ledger.

How many conversions does a crypto tax workflow typically need?

MintConvert's Starter plan ($9/month, 100 conversions) suits small practices. Pro ($19/month, 500 conversions) for mid-size firms. Scale ($49/month, unlimited) for large firms.