How to integrate Harmony with Kryptos?

To integrate Harmony with Kryptos, follow our step-by-step guide which includes connecting your account, syncing transactions, and setting up portfolio tracking.

Is my data secure when connecting Harmony to Kryptos - Crypto Tax Software?

Absolutely. Ensuring the security of your data is a top priority. All information from Harmony is encrypted and securely processed.

How frequently does Kryptos sync transactions from Harmony?

Kryptos automatically syncs your transactions from Harmony at regular intervals to keep your portfolio up-to-date.

What should I do if I encounter an error syncing Harmony?

If you experience any syncing issues with Harmony, please refer to our troubleshooting guide or contact our support team.

Can I import historical transaction data from Harmony to Kryptos?

Yes, Kryptos allows you to import and analyze historical transaction data from Harmony for comprehensive portfolio insights.

Does Kryptos calculate the cost basis for transactions from Harmony?

Kryptos supports multiple cost-basis methodologies like FIFO, LIFO, ACB, ACB-HMRC, HIFO etc. The platform will automatically calculate the cost basis for your transactions from Harmony, simplifying capital gains and losses reporting.

Can I connect multiple exchanges or wallets, including Harmony, to Kryptos?

Certainly! Kryptos supports connections with multiple exchanges and wallets, including Harmony, for a unified view of your crypto assets.

Back

How to connect Harmony blockchain with Kryptos

Varun Mehra

Reviewed by

min read

Last updated:

2024-04-23

Follow the steps below and get insights into your Harmony blockchain portfolio and crypto taxes, stress free with Kryptos

Jump to Section

How To Calculate Your MEXC Taxes With Kryptos

How To Connect MEXC With Kryptos Using API

Example H4

Example H5

Example H6

How To Calculate Your Harmony Taxes With Kryptos

Harmony is a blockchain platform designed to be Ethereum Virtual Machine (EVM)-compatible, which means it can run smart contracts and decentralized applications (DApps) originally developed for Ethereum. Its main goal is to improve system efficiency and lower transaction costs, addressing some of the scalability issues faced by Ethereum. Harmony achieves this by increasing throughput and using a proof-of-stake consensus mechanism.

If you are using Harmony, follow these steps to connect it with Kryptos – auto-sync all your transactions, analyze your portfolio, and calculate your crypto taxes in minutes.

To get started – Sign up on Kryptos here and choose your country and currency.
Once done, link your Harmony wallet to Kryptos.
View and analyze all your transactions in a single dashboard and manage your portfolio
Kryptos automatically categorizes all your Harmony transactions into gains/losses or income.
Now you can sit back and relax while we calculate your Capital Gains Tax and Income Tax.
Generate the Harmony tax report for free and download it once everything looks good.
File your Harmony taxes online or leverage our crypto tax accountant network to help you out.

How To Connect Harmony With Kryptos

On Harmony :

Go to your browser-based or any Harmony wallet.
It can be Metamask, Ledger, or any wallet that supports the Harmony blockchain.
Copy your wallet address.

On Kryptos :

Go to kryptos.io & signup using your Google account.
From the menu, click on Add Wallets/Exchanges. Go to the Wallets/Exchanges page.
Search for Harmony or select it from the list below.
Now, click on the Harmony icon.
Name your wallet anything you would like.
Paste your Harmony 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.
You can specify the start and end date of your transaction history.
Sit back and let Kryptos generate the report for you!

How are Harmony 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 Harmony 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, ONE, BTC, ETH, etc.), you incur capital gains tax.

Essential things to keep in mind while integrating Harmony

In your wallet, make sure you’ve selected the correct network.
Do not use your private keys for integrations on Kryptos.

Facing Issues While Connecting Harmony 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 a critical or urgent issue 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.