Connecting PlatON with Kryptos

PlatON is a blockchain platform focused on privacy-preserving computation and distributed economies. It aims to provide a scalable and secure environment for decentralized applications, offering advanced cryptographic algorithms and efficient transaction processing.

If you use PlatON, follow these steps to connect it with Kryptos – auto-sync all your transactions, analyze your portfolio, and calculate your crypto taxes in minutes.

1. Sign up on Kryptos and choose your country and currency.
2. Link your PlatON address to Kryptos.
3. View and analyze all your transactions in a single dashboard and manage your portfolio.
4. Kryptos automatically categorizes all your PlatON transactions into gains/losses or income.
5. Relax while Kryptos calculates your Capital Gains Tax and Income Tax from PlatON Blockchain.
6. Generate the PlatON tax report for free and download it once everything looks good.
7. File your PlatON taxes online or leverage our crypto tax accountant network to help you out.

How To Connect PlatON With Kryptos

On PlatON:

1. Go to your PlatON Wallet.
2. We support all major PlatON wallets like MetaMask, Trust Wallet, MyEtherWallet, and many more!
3. Copy your wallet address.
4. Go to https://scan.platon.network/ and paste your wallet address.
5. Click on “HEX” right next to the address.
6. Copy the address.

On Kryptos:

1. Go to Kryptos.io & sign up using your Google account.
2. From the menu, click on Wallets/Exchanges.
3. Search for PlatON or select it from the list below.
4. Now, click on the PlatON icon.
5. Name your wallet anything you would like.
6. Paste your PlatON wallet address.
7. Click on Import Your Transactions. All transactions are directly imported and tagged by default.
8. If you wish to import custom history, select Advanced Options. Now you can specify the start and end date of your transaction history.
9. Sit back and let Kryptos generate the report for you!

Note: If you wish to accurately calculate your PlatON capital gains taxes, add all the wallets of your PlatON Trading history.

How are PlatON transactions taxed? 

The crypto tax laws may vary depending on the country you reside in and other factors such as your filing status, income bracket, and marital status. But, in general, there are mainly two types of taxes applicable to PlatON transactions:

1. Income Tax: If you are earning rewards (e.g., through lending or staking) or receiving, you may need to pay income tax.
2. Capital Gains Tax: If you profit from the disposal of your crypto assets (e.g., by selling your tokens), you incur capital gains tax.

Essential things to keep in mind while integrating PlatON:

1. Make sure you’re copying the address from the correct network in your wallet.
2. Do not use your private keys for integrations on Kryptos.

Facing Issues While Connecting PlatON To Kryptos?

1. Go to Resources and head over to the Help Centre page from the dropdown menu.
2. Send your queries via the Support Desk.
3. For critical or urgent issues, use the live chat option on the right side of the screen or email us at support@kryptos.io.

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