Swyftx is an Australian cryptocurrency exchange offering over 300 digital assets for spot trading, along with features like staking and portfolio tracking. It provides a user-friendly experience with low fees and tools such as recurring buys.
With Kryptos, you can easily track your Swyftx portfolio in real-time and gain insights into your holdings. Simply connect your Swyftx account through API or CSV (see instructions below). Kryptos consolidates your transactions, provides a comprehensive view of your assets, and keeps your tax reporting ready in the background.
Pick your import method.
On Swyftx
- Log in to your Swyftx account and click on your profile icon.
- Select Profile from the menu.
- Click Transaction Reports on the left side.
- Under Download a Transaction Report, select Custom.
- Set the date range for your entire Swyftx trading history.
- Click Download CSV.
Good to know
You may need to repeat this process for multiple years to get your complete trading history.
On Kryptos
- Sign up on Kryptos.io using your Google account.
- Go to Integrations, select Swyftx, and choose Upload CSV.
- Upload the downloaded files and click on Import Your Transactions.
Managing Your Portfolio with Kryptos
After integrating your Swyftx account, Kryptos offers a suite of tools to help you manage and optimize your portfolio effectively. Here are some key use cases:
- Real-Time Portfolio Tracking: Monitor your crypto assets with real-time insights into holdings, transactions, and market movements for informed decision-making.
- Asset Allocation Insights: Analyze the distribution of your investments, identify overexposures, and rebalance your portfolio to diversify and reduce risk.
- Integrated DeFi & Staking Overview: Manage both traditional crypto assets and DeFi investments, with a consolidated view of earnings and positions.
- Tax-Loss Harvesting: Identify opportunities to sell underperforming assets to offset gains and reduce tax liability, especially during year-end planning.
- Transaction Categorization: Automatically categorize transactions for better organization, making it easier to analyze your portfolio and generate reports.
Tax Reporting
How to Generate Tax Reports
Once you have integrated all of your wallets and exchanges, generating tax reports is straightforward:
- Go to Reports from the main menu.
- Scroll down and you’ll see the “Reports” section.
- Choose your desired report and click on the Complete icon to download the report.
How are Swyftx Transactions Taxed?
- Income Tax: If you earn rewards from staking, lending, or receive crypto payments, you may need to pay income tax.
- Capital Gains Tax: Profits from selling or disposing of crypto assets, such as Bitcoin or Ethereum, are typically subject to capital gains tax.
Kryptos automatically calculates these taxes based on your Swyftx transaction data, ensuring accuracy and compliance with local regulations.
Security Measures
- Generate Secure API Keys: Ensure your API keys are read-only and store them securely.
- Regular Updates: Regularly update your API keys and review their permissions.
- Offline Storage: Store your API Secret key offline to prevent unauthorized access.
FAQs
Is Kryptos secure?
Yes, Kryptos places a strong emphasis on security. We use industry-standard encryption protocols to protect your data, and all transactions are secured on the blockchain. Your privacy and security are our top priorities.
How do I get started with Kryptos?
Simply sign up for an account, connect your wallets or exchanges, and start using our tools for crypto tax calculations, portfolio management, and more. You can explore the platform through a free trial before committing to a paid plan.
How does Kryptos simplify transaction tracking?
Kryptos provides a unified platform that aggregates and synchronizes your transactions from multiple sources, offering a single, streamlined view that simplifies monitoring and management of all your crypto transactions.
How does Kryptos assist enterprises with tax and accounting?
Kryptos automates crypto tax calculations and ensures compliance, simplifying financial reporting and tax obligations for businesses of all sizes.
Is Kryptos free to use?
Yes, Kryptos offers a 7 day free trial so you can experience the platform's features and benefits before subscribing. Learn more about our pricing structure and features now.
What support does Kryptos offer to individual users?
Kryptos offers robust customer support including FAQs, support tickets, and live chat options to assist users with any questions or issues they may encounter. This ensures that individuals have access to timely help when needed.
Can I buy extra transactions when my total count is just over the subscription limit?
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.