Hyperliquid is a decentralized perpetual exchange built on its proprietary Layer 1 blockchain, Hyperliquid L1. It offers high-speed, low-latency trading with deep liquidity, supporting over 130 crypto assets for perpetual and spot trading. The platform features an on-chain order book, advanced order types, and up to 50x leverage, aiming to provide a user experience comparable to centralized exchanges while maintaining decentralization. Hyperliquid also introduces innovative concepts like “Pre Markets,” allowing speculation on tokens before their official launch.
With Kryptos, you can easily track your Hyperliquid trades & balances in real-time and gain insights into your holdings, generate holdings and tax reports, and manage your portfolio.
Pick your import method.
On Kryptos
- Go to Kryptos.io & sign up using your Google account.
- From the menu, click on Integrations.
- Select Add Integration
- Search for Hyperliquid on the search bar
- Select “Import using Address”
- Name your wallet anything you like.
- Copy your Hyperliquid wallet address from MetaMask or any compatible wallet that supports Arbitrum or has been used for trading on Hyperliquid, and paste it below.
- Click on “Import your transactions” after pasting the address.
- Allow Kryptos to sync with your Hyperliquid account.
Good to know:
- We support Spot, Futures and Wallet transactions for Hyperliquid.
- For Vault, only deposits and withdrawals are supported.
- For Hyperliquid, there’s no need to create an API wallet to import data into Kryptos. Simply paste the native Arbitrum wallet you use to connect with Hyperliquid.
Managing your portfolio with Kryptos
After integrating Hyperliquid, 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 crypto 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 HYPE, BTC, or ETH, are typically subject to capital gains tax.
Kryptos automatically calculates these taxes based on your crypto 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
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.
Can I integrate my existing wallets and exchanges with Kryptos?
Yes, Kryptos allows you to integrate various wallets and exchanges seamlessly. This integration enables the platform to automatically track transactions and portfolio changes, providing a comprehensive view of your crypto finances.
Does Kryptos offer customer support?
Yes, we offer 24/7 customer support through multiple channels, including email, live chat, and a comprehensive help center, ensuring that you get timely assistance whenever you need it.
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.
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.