AscendEX offers features like spot, margin, and futures trading, along with staking and lending for crypto assets. It supports a variety of cryptocurrencies and provides advanced trading tools for users. The platform also integrates with DeFi and offers secure infrastructure for institutional and retail traders.
With Kryptos, you can easily track your AscenDEX portfolio in real-time and gain insights into your holdings. Simply connect your AscenDEX 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 AscenDEX
- Select your Profile Icon and click on API Settings.
- Choose New API Key.
- Add a name for the API, such as “Kryptos.”
- For permissions, ensure that only View is selected.
- Under IP Restriction, choose No Restriction.
- Complete the Email and 2FA Verification.
- Click Generate API Key.
- Copy the Public API Key and the API Secret Key, and paste them into the corresponding fields in Kryptos.
Good to know
- AscenDEX provides only 30 days of Spot trading data. We recommend using CSV imports.
- Margin and Futures is not available on AscenDEX APIs
On Kryptos
- Sign up on Kryptos.io using your Google account.
- Go to Integrations, click on Add Integration, and select AscenDEX.
- Choose Import using API Keys, paste your API Key & Secret, and click on Import Your Transactions.
- For custom history, select Advanced Options to specify the date range.
Managing Your Portfolio with Kryptos
After integrating your AscenDEX 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 AscenDEX 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 AscenDEX 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.
Troubleshooting and Support
Common Issues
- API Errors: Ensure your API keys are correct and have the necessary permissions.
- CSV Upload Issues: Verify the naming of the CSV files as mentioned above.
- Missing Transactions on CSV: Check the date range and account settings on AscenDEX.
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
Can I connect multiple wallets and exchanges?
Absolutely. Kryptos allows you to connect multiple wallets and exchange accounts, providing a comprehensive view of your entire crypto portfolio. This data is then used to calculate your taxes and give you valuable insights.
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.
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.
What sets Kryptos apart from other crypto tax software like Koinly?
Kryptos offers more than just tax reporting. Here's what makes us different:
- Real-Time Financial Analytics: Unlike Koinly, Kryptos gives you real-time insights into your portfolio performance.
- Interoperability: With our data integration framework, Kryptos Connect, you can connect third-party apps like accounting and portfolio management tools effortlessly.
- Global Coverage: We support tax regulations for a wider range of countries, including Germany, Australia, Italy, and more.
- User Participation: Our "Build to Earn" model rewards users for contributions to the platform, providing opportunities to engage beyond simple tax reporting.
What payment methods are accepted?
As of now we accept major credit/debit cards.
What types of transactions can I manage with Kryptos?
Kryptos supports a wide range of transactions including trades, transfers, and wallet interactions across various blockchain networks and decentralised finance (DeFi) platforms, ensuring comprehensive management of all your crypto activities.
Can enterprises use Kryptos for NFT management?
Absolutely. Kryptos is designed to cater to both individual investors and large-scale enterprises, offering robust features for managing high-volume NFT portfolios and ensuring regulatory compliance.