How To Calculate Your Bitglobal Taxes With Kryptos

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

How To Connect Bitglobal With Kryptos Using API

On Bitglobal :

1. Log in to your Bitglobal account.
2. Click on your account icon in the top right corner of the page, and then click on "API Management".
3. Click on the "Create New Key" button.
4. Give a name to your API key in the "API Key Name" field.
5. Choose the "Read Only" option in the "API Key Permission" dropdown menu.
6. Enable any additional permissions if needed.
7. Click on the "Create" button to generate your API key.
8. Your API key and secret key will be displayed on the page. Make sure to save them in a secure location.

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

On Bitglobal :

1. Log in to your Bitglobal account.
2. Click on "Funds" in the top right corner of the page.
3. Select the cryptocurrency you want to generate the trade history for.
4. Click on "Trade History" in the "Action" column for that cryptocurrency.
5. Select the date range for which you want to generate the trade history.
6. Click on the "Export CSV" button at the bottom of the page.
7. Save the CSV file to your PC.

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

How are Bitglobal 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 Bitglobal transactions.

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

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