Bitrue is a cryptocurrency exchange offering spot trading, futures, staking, and yield farming. It supports a wide variety of digital assets, including major coins and altcoins. Bitrue is known for its Power Piggy feature, which allows users to earn interest on their crypto holdings, and its commitment to providing secure and user-friendly services for both new and experienced traders.
With Kryptos, you can easily track your Bitrue portfolio in real-time and gain insights into your holdings. Simply connect your Bitrue account through 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 Bitrue
- Log in to your Bitrue account.
- Click on your Profile Icon in the top-right corner and select API from the dropdown menu.
- On the API page, choose a name for your API key.
- Click Create API Key.
- If 2FA is enabled, complete the authentication.
- Open the email associated with your account and click on the verification link sent by Bitrue.
- Select Not Limited to any IP for IP restrictions.
- Bitrue will generate an API key and a secret key. Keep these keys safe and secure, as they allow access to your account. The secret key will only be displayed once, so make sure to copy it or save it securely.
On Kryptos
- Sign up on Kryptos.io using your Google account.
- Go to Integrations, click on Add Integration, and select Bitrue.
- 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 Bitrue 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 Bitrue 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 Bitrue 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 Bitrue.
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 buy extra transactions when my total count is just over the subscription limit?
Yes, we offer an add-on which helps you get additional transactions. You can buy from the pricing plans page when you login to the application.
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.
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 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.
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.
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.
How many platforms does Kryptos support?
Kryptos supports over 5000+ platforms, including major centralised exchanges, decentralised finance protocols, and blockchain networks. Explore our integrations now.
What kind of support does Kryptos offer?
Kryptos provides 24/7 customer support via email, live chat, and a comprehensive Help Center. We also have a dedicated onboarding team to assist new users with setup and migration from other platforms.