Binance Web3 Wallet, also known as Binance Chain Wallet, is a decentralized wallet that allows users to store, manage, and interact with cryptocurrencies across various blockchains, including Binance Smart Chain (BSC), Binance Chain, and Ethereum. The wallet integrates directly with the Binance ecosystem, enabling seamless interaction with decentralized applications (dApps), DeFi platforms, and NFT marketplaces. It offers features like cross-chain transfers and staking, and can be accessed through a browser extension or directly from the Binance platform. With Kryptos, you can easily track your Binance Web3 wallet in real-time and gain insights into your holdings, generate holdings and tax reports, and manage your portfolio.

Managing your portfolio with Kryptos

After integrating Binance Web3 wallet, Kryptos offers a suite of tools to help you manage and optimize your portfolio effectively. Here are some key use cases:

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• 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.

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Tax Reporting

How to generate Tax Reports

Once you have integrated all of your wallets and exchanges, generating tax reports is straightforward:

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• 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.

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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 SOL, BTC or ETH, are typically subject to capital gains tax.

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Kryptos automatically calculates these taxes based on your crypto transaction data, ensuring accuracy and compliance with local regulations.

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Troubleshooting and Support

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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.

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