How to connect Coin98 Wallet with Kryptos & Generate Tax Reports

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How to connect Coin98 Wallet with Kryptos & Generate Tax Reports

by
Varun Mehra
Reviewed by
Sukesh Tedla
5
min read
Last updated:
2023-05-22
Follow the steps below and get insights into your Coin98 wallet and file your crypto taxes stress free with Kryptos

How To Calculate Your Coin98 Taxes With Kryptos

If you are using Coin98 wallet, follow these steps to connect it with Kryptos – auto-sync all your transactions, analyze your portfolio, and calculate your crypto taxes in minutes. We help users with Defi Taxes and show their DeFi portfolio overview as well.

  1. To get started – Sign up on Kryptos here and choose your country and currency.
  2. Once done, link your Coin98 wallet to Kryptos. 
  3. View and analyze all your transactions in a single dashboard and manage your portfolio
  4. Kryptos automatically categorizes all your Coin98 transactions into gains/losses or income.
  5. Now you can sit back and relax while we calculate your Capital Gains Tax and Income Tax from your Coin98 wallet!
  6. Generate the Coin98 tax report for free and download it once everything looks good.
  7. File your Coin98 taxes online or leverage our crypto tax accountant network to help you out.

How To Connect Coin98 Web Wallet With Kryptos 

On Coin98 :

  1. Go to your browser-based Coin98 wallet.
  2. Select your chain. We currently support Arbitrum, Avalanche, Bitcoin, BNB Chain, Celo, Cronos, Ethereum, Fantom, Harmony, Moonbeam, and Polygon Matic. We’re constantly adding more chains.
  3. Copy your wallet address belonging to that particular chain.

On Kryptos :

  1. Go to kryptos.io & signup using your Google account.
  2. From the menu, click on Add Wallets/Exchanges. Go to the Wallets/Exchanges page.
  3. Search for Coin98 or select it from the list below.
  4. Now, click on the Coin98 icon.
  5. Select your chain & name your wallet anything you would like.
  6. Paste your chain address.
  7. Click on Import Your Transactions if you wish to proceed with single-chain integration, however, if you want to add multiple chains, repeat steps 5 & 6 and then click on Import your Transactions.
  8. Sit back and let Kryptos synchronize with all of your wallets from Coin98. 

How To Connect Coin98 Mobile Wallet With Kryptos

On Coin98 Mobile Wallet :

  1. Go to Coin98 wallet app.
  2. Select your chain. We currently support Arbitrum, Avalanche, Bitcoin, BNB Chain, Celo, Cronos, Ethereum, Fantom, Harmony, Moonbeam, and Polygon Matic. We’re constantly adding more chains.
  3. Copy your wallet address belonging to that particular chain.

On Kryptos :

  1. Go to kryptos.io & signup using your Google account.
  2. From the menu, click on Add Wallets/Exchanges. Go to the Wallets/Exchanges page.
  3. Search for Coin98 or select it from the list below.
  4. Now, click on the Coin98 icon.
  5. Select your chain & name your wallet anything you would like.
  6. Paste your chain address.
  7. Click on Import Your Transactions if you wish to proceed with single-chain integration, however, if you want to add multiple chains, repeat steps 5 & 6 and then click on Import your Transactions.
  8. Sit back and let Kryptos synchronize with all of your wallets from Coin98 mobile app.

How to download Coin98 Tax Reports

  1. Once synchronization finishes, head to Reports under Menu on Kryptos.
  2. Under summary, click on the Download Tax Report button.
  3. Choose your Tax Report Type and click on download. 

How are Coin98 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 Coin98 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, BTC, GLMR, ETH, etc.), you incur capital gains tax.

Essential things to keep in mind while integrating Coin98

  • In your wallet, make sure you’ve selected the correct network before integrating it.
  • Do not use your private keys for integrations on Kryptos.

Facing Issues While Connecting Coin98 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 a critical or urgent issue 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.

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