DigiFinex is a global cryptocurrency exchange offering services such as spot trading, futures, margin trading, and staking. It supports a wide range of digital assets and provides a secure platform with advanced trading tools. DigiFinex is known for its user-friendly interface and features designed for both beginner and professional traders.
With Kryptos, you can easily track your Digifinex portfolio in real-time and gain insights into your holdings. Simply connect your Digifinex 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.
Pick your import method.
On Digifinex
- Log in to your Digifinex Exchange account.
- Click on your profile picture in the top-right corner and select API from the dropdown menu.
- Click on the Create API Key button.
- Give your API key a name and select Read Only as the key type.
- Choose the specific permissions for the read-only API key, such as “view balance” and “view orders.”
- Under IP Whitelist, select Any IP address or specify the IP addresses you want to allow.
- Click the Create button to generate your API key.
- Copy the API key and secret key and store them safely, as the secret key will not be shown again.
On Kryptos
- Sign up on Kryptos.io using your Google account.
- Go to Integrations, click on Add Integration, and select Digifinex.
- 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.
Managing Your Portfolio with Kryptos
After integrating your Digifinex account, Kryptos offers a suite of tools to help you manage and optimize your portfolio effectively. Here are some key use cases:
- 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.
Tax Reporting
How to Generate Tax Reports
Once you have integrated all of your wallets and exchanges, generating tax reports is straightforward:
- 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.
How are Digifinex 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.
Kryptos automatically calculates these taxes based on your Digifinex transaction data, ensuring accuracy and compliance with local regulations.
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 Digifinex.
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.
FAQs
Can I connect multiple wallets and exchanges?
Absolutely. Kryptos allows you to connect multiple wallets and exchange accounts, providing a comprehensive view of your entire crypto portfolio. This data is then used to calculate your taxes and give you valuable insights.
Does Kryptos offer customer support?
Yes, we offer 24/7 customer support through multiple channels, including email, live chat, and a comprehensive help center, ensuring that you get timely assistance whenever you need it.
How do I get started with Kryptos?
Getting started with Kryptos is easy. Simply sign up, connect your crypto accounts, and start managing your taxes, analytics, and portfolio with our user-friendly interface.
How does Kryptos help with NFT tax reporting?
Kryptos automatically tracks and categorises your NFT transactions, generating detailed reports that simplify tax preparation. Our solution ensures compliance with the latest tax regulations, saving you time and effort.
How do I upgrade to a premium plan?
You can upgrade directly from your account dashboard. Choose the plan that suits your needs and follow the on-screen instructions.
What types of transactions can I manage with Kryptos?
Kryptos supports a wide range of transactions including trades, transfers, and wallet interactions across various blockchain networks and decentralised finance (DeFi) platforms, ensuring comprehensive management of all your crypto activities.