How To Calculate Your IDEX Taxes With Kryptos

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

How To Connect IDEX With Kryptos Using API

On IDEX :

1. Log in to your IDEX account.
2. Click on the "Settings" button in the top-right corner of the screen.
3. From the drop-down menu, select "API Keys".
4. Click on the "Add API Key" button.
5. Choose a name for your API key (this can be any name you choose).
6. Under "Permissions", select "Read Only".
7. Leave the "Trade" and "Withdraw" options unchecked, as these are not necessary for read-only keys.
8. Click on the "Generate Key" button.
9. You will then be prompted to enter your 2FA code for verification.
10. After entering the code, click on "Create" to save your new API key.
11. Copy and save the API Key & API Secret.

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

On IDEX :

1. Log in to your IDEX account.
2. Click on the "Trading" tab in the top navigation bar.
3. On the "Trading" page, click on the "Trade History" button.
4. In the "Trade History" section, you can filter your trades by a specific date range and market.
5. Once you have applied the desired filters, click on the "Export CSV" button.
6. A pop-up window will appear, asking you to confirm that you want to export your trade history.
7. Click "Export" to confirm the export.
8. IDEX will then generate a CSV file of your trade history, which you can download and save to your computer.
9. The file will be named in the format "IDEX_TradeHistory_[date].csv", where "[date]" represents the date range you selected.

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

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