Connect

Bitmex with Kryptos

OAuth Import

API Import

CSV File Import

Manual Import

Last updated:

2024-10-07

min read

BitMEX is a cryptocurrency exchange known for its derivatives trading, including perpetual contracts and futures with high leverage (up to 100x). It caters to advanced traders with tools for margin trading and is well-known for its deep liquidity in Bitcoin contracts. The platform offers robust security features, including multi-signature wallets, and is designed for professional traders seeking sophisticated trading options.

With Kryptos, you can easily track your Bitmex portfolio in real-time and gain insights into your holdings. Simply connect your Bitmex 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.

On Kryptos

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Go to Integrations, click Add Integration, and select Add Custom Wallet.
Name and create your wallet, then click on the wallet icon.
Select Import File, download the Kryptos Sample File, and fill it with your transaction data.
Upload the completed file and click Import Transactions to sync.

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On Bitmex

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Log in to your Bitmex account and navigate to the API Keys page by clicking on your profile icon in the top right and selecting API Keys.
Click Create API Key.
Name your API key in the Key Name field.
Under Key Permissions, select Order and Read to allow read-only access to your account.
Click Create API Key.
Copy the API Key and Secret to a secure location as you won’t be able to view them again after leaving this page.

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On Kryptos

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Sign up on Kryptos.io using your Google account.
Go to Integrations, click on Add Integration, and select Bitmex.
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.

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On Bitmex

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Log in to your Bitmex account and navigate to the Trade History page.
Select the trading pair and date range for which you want to generate the CSV file.
Click the Export button and choose CSV as the format.
The trade history CSV file will be generated and downloaded to your computer.

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On Kryptos

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Sign up on Kryptos.io using your Google account.
Go to Integrations, select Bitmex, and choose Upload CSV.
Upload the downloaded files and click on Import Your Transactions.

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Managing Your Portfolio with Kryptos

After integrating your Bitmex account, 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 Bitmex 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.

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

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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 Bitmex.

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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