How to Connect Deribit with Kryptos

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API Import
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CSV File Import

How to Connect Deribit with Kryptos

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Last updated:
2023-03-14
Easily connect Deribit, track your portfolio, and calculate crypto taxes stress-free with Kryptos

How To Calculate Your Deribit Taxes With Kryptos

Deribit is one of the most popular exchanges in the world for crypto trading. If you are using Deribit, 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 Deribit 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 Deribit 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 Deribit
  9. Generate the Deribit tax report for free and download it once everything looks good
  10. File your Deribit taxes online or leverage our crypto tax accountant network to help you out

How To Connect Deribit With Kryptos Using API

On Deribit :
  1. Log in to your Deribit Exchange account.
  2. Click on the Profile Icon in the top right-hand corner of the screen and select "API" from the dropdown menu.
  3. On the API page, click the "Add new key" button.
  4. Under the pull-down menus, select "Read" on all & name your key.
  5. Under “IP Whitelist," select "Allow all IP addresses"
  6. Click the "Create" button to generate your read-only API key.
  7. Your API key and secret key will be displayed on the next screen. Be sure to copy your secret key and keep it in a safe place, as it will not be displayed again.

Note: Each Deribit Sub-account has it's own API key. If you wish to add your sub-account transaction data, make sure to create API keys for that particular sub-account.

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 Deribit or select it from the list below.
  4. Now, click on the Deribit 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 Deribit With Kryptos Using CSV

On Deribit :
  1. Log in to your Deribit Exchange account.
  2. Click on the profile icon in the top right-hand corner of the screen and select "Transaction Log" from the dropdown menu.
  3. Click on “Download Logs”.
  4. The trade history CSV file will be automatically 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 Deribit or select it from the list below.
  4. Now, click on the Deribit 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 Deribit 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 Deribit 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 Deribit

  1. When importing a CSV file, match your Deribit 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 Deribit 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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