Connect Wanchain blockchain with Kryptos

OAuth Import

API Import

CSV File Import

Manual Import

Last updated:

2024-10-03

min read

Wanchain is a blockchain platform enabling decentralized cross-chain transactions, connecting assets and data between various blockchains like Bitcoin and Ethereum. It focuses on interoperability to support decentralized finance and enterprise applications. With Kryptos, you can easily track your Wanchain wallet in real-time and gain insights into your holdings, generate holdings and tax reports, and manage your portfolio.

On Kryptos

‍

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.

‍

On Wanchain

‍

Go to your Wanchain wallet.
It can be Metamask, Ledger, or any wallet that supports the Wanchain.
On your wallet, ensure you’ve selected Wanchain as your primary network.
Copy your wallet address.

‍

On Kryptos

‍

Go to Kryptos.io & signup using your Google account.
From the menu, click on Integrations.
Click on Add Integration, and search for Wanchain.
Now, click on the Wanchain icon.
Select Import using Address
Name your wallet anything you would like.
Paste your Wanchain wallet address.
Click on Import Your Transactions. All transactions are directly imported and tagged by default.

‍

Managing Your Portfolio with Kryptos

After integrating your Wanchain 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 Wanchain Transactions Taxed?

Income Tax: If you earn rewards from staking, lending, or receiving crypto payments, you may need to pay income tax.
Capital Gains Tax: Profits from selling or disposing of crypto assets, such as WAN or wETH, are typically subject to capital gains tax.

‍

Kryptos automatically calculates these taxes based on your Wanchain 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 Wanchain.

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.

Written by