Connect
Yoroi Wallet with Kryptos
Yoroi is a light wallet for Cardano and Ergo, designed for fast and secure interactions with the blockchain. It allows users to easily send, receive, and store ADA and ERG tokens. Yoroi is known for its simplicity, security, and efficiency, supporting both desktop and mobile platforms. With Kryptos, you can easily track your Yoroi 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 Yoroi Wallet
- Go to your browser-based Yoroi Wallet.
- Copy your wallet address.
On Kryptos
- Go to Kryptos.io & sign up using your Google account.
- From the menu, click on Integrations.
- Click on Add Integration on the top right
- Search for Yoroi Wallet or select it from the list below.
- Now, click on the Yoroi Wallet icon.
- Name your wallet anything you would like.
- Paste your Yoroi Wallet address.
- Click on Import Your Transactions. All transactions are directly imported and tagged by default.
- If you wish to import custom history, select Advanced Options. Now you can specify the start and end date of your transaction history.
- Sit back and let Kryptos generate the report for you!
Managing your portfolio with Kryptos
After integrating Yoroi wallet, 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 Cardano 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 ADA, BTC or ETH, are typically subject to capital gains tax.
Kryptos automatically calculates these taxes based on your Cardano transaction data, ensuring accuracy and compliance with local regulations.
Troubleshooting and Support
Common Issues
- Invalid Credentials: Make sure to copy the entire wallet address string.
- Sync Failed: Make sure to copy the correct address from the respective network.
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.
Try Kryptos for FREE!
Frequently asked questions
Get started today
