How to Connect KuCoin with Kryptoskatt

How To Calculate Your KuCoin Taxes With Kryptoskatt

KuCoin is one of the most popular exchanges in the world for crypto trading. If you are using KuCoin, follow these steps to easily connect it with Kryptoskatt – auto-sync all your transactions, analyze your portfolio and calculate your crypto taxes in minutes.

1. To get started – Sign up on Kryptoskatt here and choose your country and currency.
2. Once done, link your KuCoin account to Kryptoskatt. To do this, you can use any of the following three methods: 
3. API. Add API Keys to Kryptoskatt 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. Kryptoskatt automatically categorizes all your KuCoin 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 KuCoin
9. Generate the KuCoin tax report for free and download it once everything looks good
10. File your KuCoin taxes online or leverage our crypto tax accountant network to help you out

How To Connect KuCoin With Kryptoskatt Using API

On KuCoin :

1. Log into your KuCoin account
2. Click on your account icon where either your phone digits or email initials are displayed
3. Click on API Management
4. Press the green button Create API
5. Configure your API Name and API Passphrase (Password), then select the function and IP restrictions
6. Make sure that only General permission is checked
7. Also, make sure that the IP Restriction is set to No
8. You will be shown your newly generated API key and secret. Make sure to copy and save them in a secure place, as they will not be shown again.

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On Kryptoskatt :

1. Go to kryptoskatt.com & signup using your Google account.
2. From the menu, click on Add Wallets/Exchanges. Go to the Wallets/Exchanges page.
3. Search for KuCoin or select it from the list below.
4. Now, click on the KuCoin 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 KuCoin With Kryptoskatt Using CSV

On KuCoin :

1. Log in to your KuCoin account.
2. Click on your account icon on the top right corner, and select the Page icon.
3. In the drop-down menu, select Spot Trade History.
4. Click on Export History button.
5. Select ALL under export & choose your Time Frame.
6. Click on the Confirm.
7. Once KuCoin is done processing, click on Download.
8. This will save the CSV file to your Downloads folder by default.

On Kryptoskatt :

1. Go to kryptoskatt.com & signup using your Google account.
2. From the menu, click on Add Wallets/Exchanges. Go to the Wallets/Exchanges page.
3. Search for KuCoin or select it from the list below.
4. Now, click on the KuCoin icon.
5. Choose Upload CSV & choose the trade history CSV you wish to generate the tax report for (margin, spot, or futures)
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 KuCoin 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 KuCoin 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 KuCoin

1. When importing a CSV file, match your KuCoin account Time Zone in the Kryptoskatt 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 KuCoin To Kryptoskatt?

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@kryptoskatt.com.