How to Connect Coinspot with Kryptos

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How to Connect Coinspot with Kryptos

by
Varun Mehra
Reviewed by
Sukesh Tedla
5
min read
Last updated:
2023-03-07
Easily connect Coinspot, track your portfolio, and calculate crypto taxes stress-free with Kryptos

How To Calculate Your Coinspot Taxes With Kryptos

Coinspot is one of the most popular exchanges in the world for crypto trading. If you are using Coinspot, follow these steps to easily connect it with Kryptos – auto-sync all your transactions, analyze your portfolio and calculate your crypto taxes in minutes.

  1. To get started – Sign up on Kryptos here and choose your country and currency.
  2. Once done, link your Coinspot account to Kryptos. To do this, you can use any of the following three methods: 
  3. API. Add API Keys to Kryptos and import everything at once.
  4. CSV. If you do not have API keys, don't worry! We also support CSV files to import all your transactions.
  5. Manually. Import transactions manually using our custom CSV upload feature.
  6. View and analyze all your transactions in a single dashboard and manage your portfolio
  7. Kryptos automatically categorizes all your Coinspot transactions into gains/losses or income.
  8. Now you can sit back and relax while we calculate your Capital Gains Tax and Income Tax from Coinspot
  9. Generate the Coinspot tax report for free and download it once everything looks good
  10. File your Coinspot taxes online or leverage our crypto tax accountant network to help you out

Note: we currently don't support GST data. No worries, you can manually add your total GST for your trades after importing your Coinspot account!

How To Connect Coinspot With Kryptos Using API

On Coinspot :
  1. Log in to your Coinspot account and navigate to the API settings page. You can find this by clicking on your profile icon in the top right corner of the screen, and then selecting "API" from the dropdown menu.
  2. Click on the "Create a new API key" button located in the top right corner of the page.
  3. On the "Create API Key" page, you will need to configure your API key settings. First, give your API key a name in the "Name" field. This can be anything you want, but it's best to choose a name that will help you identify the key later.
  4. Under the "Permission" section, select "Read" for all the permissions you want to grant to this key. This will enable read-only access to the specified features of your Coinspot account.
  5. After configuring your settings, click the "Create Key" button at the bottom of the page.
  6. Your new API key will now be displayed on the screen. Make sure to copy both the API key and the secret somewhere safe, as you will not be able to view them again after leaving this page.

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 Coinspot or select it from the list below.
  4. Now, click on the Coinspot icon.
  5. Choose Import using API Keys.
  6. Paste your API Key & API Secret.
  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.

How To Connect Coinspot With Kryptos Using CSV

On Coinspot :
  1. Log into your CoinSpot account.
  2. Navigate to your profile by clicking the icon in the top-right corner.
  3. From the resulting drop-down menu, click on 'Order History'.
  4. Download two CSV files: 'Sends/Receives' and 'Buys/Sells'.
  5. Your transaction history CSV file will be generated and downloaded to your computer.
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 Coinspot or select it from the list below.
  4. Now, click on the Coinspot icon.
  5. Choose Upload CSV.
  6. Click on Import Your Transactions. All transactions are imported and tagged by default.
  7. 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 Coinspot 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 Coinspot transactions.

  • Income Tax- If you are earning rewards (e.g. through lending or staking) or maybe 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 Coinspot

  1. When importing a CSV file, match your Coinspot account Time Zone in the Kryptos import form.
  2. While creating a new key, make the API key read-only.
  3. Keep your API Key and API Secret somewhere safe, preferably offline. 

Facing Issues While Connecting Coinspot 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.

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