Yes, crypto is taxed in most jurisdictions today. So you will have to pay taxes on your profits or claim losses as well. Kryptos helps you stay Stress Free by automating the process with 1000+ integrations.

Please review the warnings and errors page in the application to check if there are any issues. If not please review your transactions to ensure all the data is present. You can also add and edit transaction within the app easily.

We do a lot of automatic checks and provide you detailed insights if there are some issues with missing prices, transactions, uneven balances within the application. Kryptos cannot legally offer any guarantees on the accuracy, if you have further questions or concerns we recommend to contact your accountant or tax consultant.

DeFi, short for Decentralized Finance, is a sector where digital assets are traded, and all operations are decentralized.

Traditional Finance is the existing banking system and financial infrastructure we have, whereas with DeFi everything is Digital and Decentralized, the logic and workflows of traditional finance are coded on the blockchains as smart contracts in DeFi, increasing overall efficiency and reducing fees for investors.

Yes, DeFi activities are also taxable in many jurisdictions. You are required to report capital gains on cryptocurrencies or tokens and to declare earned LP or lending rewards as income. We support auto-sync on over 3000 DeFi protocols across more than 35 blockchains, offering a comprehensive DeFi suite.

Yes, we offer an add-on which helps you get additional transactions. You can buy from the pricing plans page when you login to the application.

We count transactions from day-1 of your crypto journey and not each year separately, as we need full data from the beginning to calculate your gains accurately.

We only count each order as a transaction not micro trades when you trade on an exchange unlike other Crypto Tax Software's in the market.

Kryptos NFT module gives you access to full NFT dashboard (Inventory, Listings, Sold, Bought, Transactions) and NFT reports as well. With NFT module you could get a complete overview of your NFT portfolio. More blockchains and integrations are being added regularly.

DeFi module gives you access to a DeFi dashboard where you can see your whole DeFi portfolio including active positions, rewards and full transaction history as well. With Kryptos DeFi module, you can get a complete overview of your DeFi portfolio on the go.

Yes, Kryptos has 1000+ integrations with Crypto Exchanges, Blockchains, Wallets, DeFi and NFT protocols. With all the major exchanges we have API integrations to support auto-syncing of transactions. Some exchanges have limitations, please refer the respective integrations page for further details.

This can happen because of a few reasons. The best way possible to resolve this is: 1. Go to My Account tab on the top right corner. 2. Select Settings in the drop-down menu. 3. Click on Reset my Account. 4. Allow Kryptos to reset the account and remove the failed integrations. This will reset you existing integrations and you will be able to add new integrations once again.

There are several causes for this to occur. The best way to handle this is to: 1. Click the My Account tab in the top right. 2. From the drop-down menu, choose Settings. 3. Press the Reset my Account button. 4. This will clear all the exchanges from the synchronization queue. Your current integrations will be reset as a result, and you can then add new integrations once more.

This can happen because of a few reasons. The most relevant reasons might be: 1. Transaction limit reached in your account - We have different plans for different users. Make sure you have sufficient transaction balance in accordance with your purchased plan. 2. A few of your added exchanges/wallets failed to synchronize - Try to reset your account under settings and add your wallets/exchanges once again. Wait for them to fully synchronize and try to generate the tax reports again. 3. If your issue still persists, you can raise a support ticket from the Help and Support section.

If you are facing difficulties in terms of integrating a wallet/exchange, refer to our integration guides here : https://kryptos.io/integrations Follow all the instructions and add your favorite exchange/wallet. If you still face issues, reach us out through the Help and Support centre.

We provide different plans to our paid users based on the number of transactions. Check that your plan can handle the volume of transactions generated by your integrations. If you reach your transaction limit, you can purchase additional transactions from the Plans section of My Account.

You can manually remove each exchange/wallet integration from your Wallets/Exchanges dashboard, however, if you wish to reset your account completely, follow these steps: 1. Click the My Account tab in the top right. 2. From the drop-down menu, choose Settings. 3. Press the Reset my Account button.

If you wish to reset your integrations, follow these steps: 1. Click the My Account tab in the top right. 2. From the drop-down menu, choose Settings. 3. Press the Reset my Account button.

In most jurisdictions today, crypto transactions are taxable. You are required to pay taxes on your profits and can claim losses as well. Kryptos simplifies this process by offering stress-free automation with over 3000 integrations.

Traditional finance refers to the existing banking system and financial infrastructure, while DeFi (Decentralized Finance) is entirely digital and decentralized. In DeFi, the logic and workflows of traditional finance are encoded into blockchains as smart contracts, enhancing efficiency and reducing fees for investors.

Yes, NFTs (Non-Fungible Tokens) are generally subject to tax. Most tax authorities consider them as crypto assets, and the tax treatment varies depending on factors such as the country's regulations and the nature of the transaction. For example, in the United States, NFTs may be taxed as collectibles, subject to a specific tax rate of 28% for gains.

Yes, NFT losses may be tax-deductible in some jurisdictions. However, the rules surrounding the deductibility of NFT losses can vary, and it's advisable to consult with a tax professional or accountant for specific guidance in your area. In Canada, for instance, NFT losses may be deductible depending on how they are acquired and used, with the Canada Revenue Agency (CRA) deciding on a case-by-case basis.

Yes, buying NFTs with cryptocurrencies like ETH or BTC can be taxable. In many cases, trading or spending crypto is considered a taxable event, even if it's used to purchase another digital asset like an NFT. For example, in the United Kingdom, buying NFTs with cryptocurrency may incur Capital Gains Tax.

NFTs are taxed similarly to cryptocurrencies, varying depending on factors such as the country's regulations and the specific nature of the transaction. In most cases, tax authorities classify NFTs as crypto assets and apply the same tax rules as cryptocurrencies. However, there are exceptions. For example, in the United States, the IRS treats NFTs as collectibles, subjecting them to specific tax rates and regulations.

In some jurisdictions, you may be able to claim capital losses on NFTs. However, the eligibility for claiming capital losses and the specific rules governing such deductions vary by country and may depend on factors such as your tax status and the nature of the loss. For instance, in Australia, capital losses on NFTs can be offset against capital gains.

In certain circumstances, NFTs may be considered a business expense if they are acquired and used for business purposes. However, the deductibility of NFTs as a business expense depends on factors such as the nature of your business and how the NFT is utilized within your operations. In the United States, NFTs used for business purposes may be deductible as a business expense, subject to specific IRS regulations.

Yes, an NFT is typically considered a capital asset. Capital assets are assets held for investment purposes, and they are subject to capital gains tax when sold for a profit. In the United Kingdom, NFTs are generally treated as capital assets subject to Capital Gains Tax upon disposal.

An NFT is classified as a digital asset, specifically a non-fungible token. NFTs represent ownership or proof of authenticity of unique digital items, such as digital art, collectibles, or virtual real estate. In Australia, NFTs are treated similarly to cryptocurrencies for tax purposes, following the same tax treatment as cryptocurrencies.

Yes, capital gains tax typically applies to NFTs when they are sold for a profit. The rate and treatment of capital gains tax on NFTs may vary depending on the country's tax laws and regulations. For example, in Canada, capital gains tax may apply to NFTs sold for a profit, with the tax rate depending on factors such as the individual's tax status and the duration of ownership.

Yes, you may be required to pay taxes on NFT sales. The tax implications of NFT sales depend on factors such as your country of residence, the duration of time you held the NFT, and whether you're classified as an individual or a business entity. In the United States, for instance, taxes on NFT sales are subject to IRS regulations, with specific guidance on the tax treatment of NFTs as collectibles.