BitMart is a cryptocurrency exchange offering spot trading, futures, margin trading, and staking for a wide range of digital assets. It provides a user-friendly platform with features like token listings, lending, and competitive trading fees. BitMart is designed for both beginner and advanced traders, with a secure infrastructure and mobile app for easy access.
With Kryptos, you can easily track your Bitmart portfolio in real-time and gain insights into your holdings. Simply connect your Bitmart 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 Bitmart
- Log into BitMart and navigate to your profile in the top right.
- Select API Management from the menu.
- Create API: Enter a label in the Memo section (e.g., “Kryptos”).
- Set Authority to Read-Only access.
- Complete 2FA to confirm.
- Save API Key: Copy your API key immediately; it won’t be visible again.
- Click Confirm and copy the keys.
Good to know:
- Limited Trade History: This API only supports fetching the latest 200 trades.
- For Additional Trades: If you have more than 200 trades, opt for CSV file uploads to capture the full history.
On Kryptos
- Sign up on Kryptos.io using your Google account.
- Go to Integrations, click on Add Integration, and select Bitmart.
- 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 Bitmart 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 Bitmart 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 Bitmart 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 Bitmart.
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.
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.
Does Kryptos support multiple DeFi protocols and wallets?
Yes! Kryptos integrates with a wide range of DeFi protocols and wallets, allowing you to sync your data seamlessly for a complete, transparent view of your DeFi assets across platforms.
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.
How does Kryptos handle real-time portfolio insights?
Kryptos provides real-time updates on your portfolio’s value, including transaction statuses and market changes, ensuring that you always have the most accurate data at your fingertips.