Moonriver is an Ethereum-compatible blockchain on Kusama, designed to deploy smart contracts with minimal changes to existing Ethereum code. It extends the functionality of the Ethereum Virtual Machine (EVM), supporting dApps, staking, and governance, and acts as a testing ground for projects before launching on Moonbeam’s main network on Polkadot. With Kryptos, you can easily track your Moonriver wallet in real-time and gain insights into your holdings, generate holdings and tax reports, and manage your portfolio.
Pick your import method.
On Moonriver
- Go to your Moonriver wallet.
- It can be Metamask, Ledger, or any wallet that supports Moonriver.
- On your wallet, ensure you’ve selected Moonriver as your primary network.
- Copy your wallet address.
On Kryptos
- Go to Kryptos.io & signup using your Google account.
- From the menu, click on Integrations.
- Click on Add Integration, and search for Moonriver.
- Now, click on the Moonriver icon.
- Select Import using Address
- Name your wallet anything you would like.
- Paste your Moonriver wallet address.
- Click on Import Your Transactions. All transactions are directly imported and tagged by default.
Managing your portfolio with Kryptos
After integrating your Moonriver 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 Moonriver 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 MOVR or wETH, are typically subject to capital gains tax.
Kryptos automatically calculates these taxes based on your Moonriver 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.
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 can I contact Kryptos support?
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.
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 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.