How To Calculate Your Bit2Me Taxes With Kryptos
Bit2Me is a cryptocurrency exchange based in Spain, offering trading for over 300 cryptocurrencies. It serves individuals, companies, and institutions, and is regulated by the Bank of Spain. The platform supports multiple languages and provides features such as tax reporting and educational content. Bit2Me has a significant user base, backed by major investors like Telefónica and Investcorp. If you are using Bit2Me, follow these steps to easily connect it with Kryptos – auto-sync all your transactions, analyze your portfolio, and calculate your crypto taxes in minutes.
- To get started – Sign up on Kryptos here and choose your country and currency.
- Once done, link your Bit2Me account to Kryptos using CSV
- View and analyze all your transactions in a single dashboard and manage your portfolio
- Kryptos automatically categorizes all your Bit2Me transactions into gains/losses or income.
- Now you can sit back and relax while we calculate your Capital Gains Tax and Income Tax from Bit2Me
- Generate the Bit2Me tax report for free and download it once everything looks good
- File your Bit2Me taxes online or leverage our crypto tax accountant network to help you out
Connect Bit2Me With Kryptos Using CSV
On Bit2Me :
- Log in to Bit2Me: Access your Bit2Me account.
- Navigate to Activity: Go to the 'Activity' section to view your transaction history.
- Choose Export: Select the export option to download your trading data.
- Select a Year: Pick the specific year for which you want to export the data.
Note: You might need to repeat this process for multiple years to get your complete trading history.
On Kryptos :
- Go to Kryptos.io & signup using your Google account.
- From the menu, click on Add Wallets/Exchanges. Go to the Wallets/Exchanges page.
- Search for Bit2Me in the search bar.
- Now, click on the Bit2Me icon.
- Choose Upload CSV and upload the downloaded file or simply drag and drop it.
- Click on Import Your Transactions. All transactions are imported and tagged by default.
- If you wish to import custom history, select Advanced Options. Now you can specify the start and end date of your transaction history.
How are Bit2Me 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 Bit2Me transactions.
- Income Tax- If you are earning rewards (e.g. through lending or staking) or receiving, you may need to pay income tax.
- Capital Gains Tax- If you profit from the disposal of your crypto assets (e.g. by selling your tokens, Bitcoin, Ethereum, etc.), you incur capital gains tax.
Important things to keep in mind while integrating Bit2Me
When importing a CSV file, match your Bit2Me account Time Zone in the Kryptos import form.
Facing Issues While Connecting Bit2Me To Kryptos?
Go to Resources and head over to the Help Centre page from the dropdown menu. Or send us your queries via the Support Desk. If there’s a critical or urgent issue that needs to be resolved, you can use our live chat option on the right side of the screen or email us at support@Kryptos.io.
