Connecting Taiko with Kryptos

Taiko is a blockchain platform focused on providing efficient and scalable solutions for decentralized applications. It aims to enhance transaction throughput and reduce costs while maintaining robust security features.

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

How To Connect Taiko With Kryptos

On Taiko:

1. Go to your Taiko Wallet.
2. We support all major Taiko 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 Taiko or select it from the list below.
4. Now, click on the Taiko icon.
5. Name your wallet anything you would like.
6. Paste your Taiko 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 Taiko capital gains taxes, add all the wallets of your Taiko Trading history.

How are Taiko 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 Taiko 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 Taiko:

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 Taiko 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.