How To Calculate Your Swyftx Taxes With Kryptos

Swyftx is a user-friendly Australian cryptocurrency exchange offering competitive fees, extensive crypto options, and robust security. It provides real-time portfolio tracking and fiat support, making it ideal for both beginners and experienced traders.

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

1. To start, sign up on Kryptos here and choose your country and currency.
2. Once done, link your Swyftx account to Kryptos using CSV
3. View and analyze all your transactions in a single dashboard and manage your portfolio
4. Kryptos automatically categorizes all your Swyftx transactions into gains/losses or income.
5. Now you can sit back and relax while we calculate your Capital Gains Tax and Income Tax from Swyftx
6. Generate the Swyftx tax report for free and download it once everything looks good
7. File your Swyftx taxes online or leverage our crypto tax accountant network to help you out

Connect Swyftx With Kryptos Using CSV

On Swyftx :

1. Log in to your Swyftx account and click on your profile icon.
2. Choose 'Profile' from the menu.
3. Click on 'Transaction Reports' on the left side.
4. Under 'Download a Transaction Report', select 'Custom'.
5. Enter the date range covering your entire trading history on Swyftx.
6. Click 'Download CSV'.

Note: You might need to repeat this process for multiple years to get your complete trading history.

On Kryptos :

1. Go to Kryptos.io & signup using your Google account.
2. From the menu, click on Add Wallets/Exchanges. Go to the Wallets/Exchanges page.
3. Search for Swyftx in the search bar.
4. Now, click on the Swyftx icon.
5. Choose Upload CSV and upload the downloaded file or simply drag and drop it.
6. Click on Import Your Transactions. All transactions are imported and tagged by default.
7. If you wish to import custom history, select Advanced Options. Now you can specify the start and end date of your transaction history.

How are Swyftx 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 Swyftx transactions.

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

Important things to keep in mind while integrating Swyftx

• When importing a CSV file, match your Swyftx account Time Zone in the Kryptos import form.

Facing Issues While Connecting Swyftx To Kryptos?

Go to Resources and head over to the Help Centre page from the dropdown menu. Or send us your queries via the Support Desk. If there’s a critical or urgent issue that needs to be resolved, you can use our live chat option on the right side of the screen or email us at support@Kryptos.io