How To Calculate Your AscenDEX Taxes With Kryptos

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

How To Connect AscenDEX With Kryptos Using API

On AscenDEX :

1. Log in to your AscenDEX account.
2. On the top right corner, look for the Profile Icon & select it. 
3. In the drop-down menu, look for API Settings.
4. Now choose New API Key. 
5. Name the API Key anything you would like.
6. Under API Permission, choose View.
7. You can choose to restrict IP Addresses for an added layer of security or simply choose No Restrictions.
8. Enter your email and 2FA verification codes & click on Generate API Key.
9. Copy the API Key & the API Secret. Save it somewhere safe. 

Note: Do not navigate away from the screen displaying the API Key and the API secret. Make sure to save it somewhere.

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

On AscenDEX :

1. Log in to your AscenDEX account.
2. Scroll over the profile icon in the top right corner to open the drop-down menu.
3. Go to orders.
4. Under Cash Orders, go to Order History.
5. Click on the ‘Request to Export’ icon on the right side & customize the time according to your needs.
6. Select export.
7. Wait for AscenDEX to process the request & click on Download once it’s done.

Note: You can repeat the steps for Margin and Futures orders too.

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 AscenDEX or select it from the list below.
4. Now, click on the AscenDEX 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.

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How are AscenDEX 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 AscenDEX transactions.

• Income Tax- If you are earning rewards (e.g. through lending or staking) or 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 AscenDEX

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