FAQs

Having questions? We’re here to help you out
Do I need to file taxes?

Yes, crypto is taxed in most jurisdictions today. So you will have to pay taxes on your profits or claim losses as well. Kryptoskatt helps you stay Stress Free by automating the process with 1000+ integrations.

Some of my income seems to be missing!

Please review the warnings and errors page in the application to check if there are any issues. If not please review your transactions to ensure all the data is present. You can also add and edit transaction within the app easily.

How do I ensure my tax report is accurate?

We do a lot of automatic checks and provide you detailed insights if there are some issues with missing prices, transactions, uneven balances within the application. Kryptoskatt cannot legally offer any guarantees on the accuracy, if you have further questions or concerns we recommend to contact your accountant or tax consultant.

What is DeFi?

DeFi is an acronym of Decentralized Finance, where you can trade Digital Assets and everything is Decentralized.

What’s the difference between DeFi and traditional finance?

Traditional Finance is the existing banking system and financial infrastructure we have, whereas with DeFi everything is Digital and Decentralized, the logic and workflows of traditional finance are coded on the blockchains as smart contracts in DeFi, increasing overall efficiency and reducing fees for investors.

Can DeFi activity be taxed?

Yes, DeFi activity is also taxable in many jurisdictions. You'll have to report capital gains on the cryptocurrencies or tokens and also have to report the earned LP or lending rewards as income. We support Auto-Sync on 1000+ DeFi protocols across 35+ blockchains to help you offer a complete DeFi suite.

Can I buy extra transactions when my total count is just over the subscription limit?

Yes, we offer an add-on which helps you get additional transactions. You can buy from the pricing plans page when you login to the application.

How are transactions measured?

We count transactions from day-1 of your crypto journey and not each year separately, as we need full data from the beginning to calculate your gains accurately.

Do you count each trade or order as a transaction when trading on exchanges?

We only count each order as a transaction not micro trades when you trade on an exchange unlike other Crypto Tax Software's in the market.

What does Kryptoskatt NFT Module include?

Kryptoskatt NFT module gives you access to full NFT dashboard (Inventory, Listings, Sold, Bought, Transactions) and NFT reports as well. With NFT module you could get a complete overview of your NFT portfolio. More blockchains and integrations are being added regularly.

What does Kryptoskatt DeFi module include?

DeFi module gives you access to a DeFi dashboard where you can see your whole DeFi portfolio including active positions, rewards and full transaction history as well. With Kryptoskatt DeFi module, you can get a complete overview of your DeFi portfolio on the go.

Do you support auto sync of transactions from crypto exchanges?

Yes, Kryptoskatt has 1000+ integrations with Crypto Exchanges, Blockchains, Wallets, DeFi and NFT protocols. With all the major exchanges we have API integrations to support auto-syncing of transactions. Some exchanges have limitations, please refer the respective integrations page for further details.