Yoroi is a light wallet for Cardano and Ergo, designed for fast and secure interactions with the blockchain. It allows users to easily send, receive, and store ADA and ERG tokens. Yoroi is known for its simplicity, security, and efficiency, supporting both desktop and mobile platforms. With Kryptos, you can easily track your Yoroi wallet in real-time and gain insights into your holdings, generate holdings and tax reports, and manage your portfolio.
Pick your import method.
On Yoroi Wallet
- Go to your browser-based Yoroi Wallet.
- Copy your wallet address.
On Kryptos
- Go to Kryptos.io & sign up using your Google account.
- From the menu, click on Integrations.
- Click on Add Integration on the top right
- Search for Yoroi Wallet or select it from the list below.
- Now, click on the Yoroi Wallet icon.
- Name your wallet anything you would like.
- Paste your Yoroi Wallet address.
- Click on Import Your Transactions. All transactions are directly imported and tagged by default.
- If you wish to import custom history, select Advanced Options. Now you can specify the start and end date of your transaction history.
- Sit back and let Kryptos generate the report for you!
Managing your portfolio with Kryptos
After integrating Yoroi wallet, 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 Cardano transactions taxed?
- Income Tax: If you earn rewards from staking, lending, or receiving crypto payments, you may need to pay income tax.
- Capital Gains Tax: Profits from selling or disposing of crypto assets, such as ADA, BTC or ETH, are typically subject to capital gains tax.
Kryptos automatically calculates these taxes based on your Cardano transaction data, ensuring accuracy and compliance with local regulations.
Troubleshooting and Support
Common Issues
- Invalid Credentials: Make sure to copy the entire wallet address string.
- Sync Failed: Make sure to copy the correct address from the respective network.
Support Channels
- Help Center: Visit the Kryptos Help Center for detailed guides and FAQs.
- Live Chat: Use the live chat option on the Kryptos website for immediate assistance.
- Email Support: Contact support@kryptos.io for email support.
FAQs
What is DeFi and how does Kryptos help manage DeFi assets?
DeFi, or Decentralised Finance, enables you to participate in financial activities such as lending, borrowing, and trading without the need for traditional intermediaries. Kryptos consolidates all your DeFi assets into one easy-to-use platform, helping you track, manage, and optimise your investments seamlessly.
I’m already using another crypto tax software. Can I migrate to Kryptos?
Yes, Kryptos supports easy migration from popular platforms like Koinly, CoinTracker, and others. All you need to do is export your transaction data from your current platform and import it into Kryptos in a few simple steps. Our support team is here to assist you throughout the process if needed.
Can I switch between plans?
Yes, you can upgrade or downgrade your plan at any time based on your needs.
How are transactions measured?
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.
How does Kryptos track DeFi yields?
Kryptos provides real-time tracking of yields from staking, lending, and yield farming activities. By integrating with multiple DeFi protocols, it offers a comprehensive dashboard that displays all your investments’ performance in one place.
How do I upgrade to a premium plan?
You can upgrade directly from your account dashboard. Choose the plan that suits your needs and follow the on-screen instructions.
Is Kryptos secure enough for individual users?
Kryptos prioritizes security with advanced encryption and multi-factor authentication to protect user data. The platform adheres to high standards of privacy and security, ensuring that your financial information is safe.
What is Kryptos?
Kryptos is a powerful Web3 finance platform designed to simplify and democratize access to financial operations on the blockchain. It offers seamless solutions for cryptocurrency tax calculation, real-time analytics, and tools to manage digital assets, making it easier for users to navigate the complexities of decentralized finance.