Connecting SatoshiVM with Kryptos

SatoshiVM is a blockchain platform designed to provide efficient and scalable virtual machine capabilities for decentralized applications. It aims to enhance transaction processing and interoperability across various blockchain networks.

If you use SatoshiVM, follow these steps to connect it with Kryptos – auto-sync all your transactions, analyze your portfolio, and calculate your crypto taxes in minutes.

1. Sign up on Kryptos and choose your country and currency.
2. Link your SatoshiVM address to Kryptos.
3. View and analyze all your transactions in a single dashboard and manage your portfolio.
4. Kryptos automatically categorizes all your SatoshiVM transactions into gains/losses or income.
5. Relax while Kryptos calculates your Capital Gains Tax and Income Tax from SatoshiVM Blockchain.
6. Generate the SatoshiVM tax report for free and download it once everything looks good.
7. File your SatoshiVM taxes online or leverage our crypto tax accountant network to help you out.

How To Connect SatoshiVM With Kryptos

On SatoshiVM:

1. Go to your SatoshiVM Wallet.
2. We support all major SatoshiVM wallets like MetaMask, Trust Wallet, MyEtherWallet, and many more!
3. Copy your wallet address.

On Kryptos:

1. Go to Kryptos.io & sign up using your Google account.
2. From the menu, click on Wallets/Exchanges.
3. Search for SatoshiVM or select it from the list below.
4. Now, click on the SatoshiVM icon.
5. Name your wallet anything you would like.
6. Paste your SatoshiVM wallet address.
7. Click on Import Your Transactions. All transactions are directly imported and tagged by default.
8. If you wish to import custom history, select Advanced Options. Now you can specify the start and end date of your transaction history.
9. Sit back and let Kryptos generate the report for you!

Note: If you wish to accurately calculate your SatoshiVM capital gains taxes, add all the wallets of your SatoshiVM Trading history.

How are SatoshiVM transactions taxed? 

The crypto tax laws may vary depending on the country you reside in and other factors such as your filing status, income bracket, and marital status. But, in general, there are mainly two types of taxes applicable to SatoshiVM transactions:

1. Income Tax: If you are earning rewards (e.g., through lending or staking) or receiving, you may need to pay income tax.
2. Capital Gains Tax: If you profit from the disposal of your crypto assets (e.g., by selling your tokens), you incur capital gains tax.

Essential things to keep in mind while integrating SatoshiVM:

1. Make sure you’re copying the address from the correct network in your wallet.
2. Do not use your private keys for integrations on Kryptos.

Facing Issues While Connecting SatoshiVM To Kryptos?

1. Go to Resources and head over to the Help Centre page from the dropdown menu.
2. Send your queries via the Support Desk.
3. For critical or urgent issues, use the live chat option on the right side of the screen or email us at support@kryptos.io.