How to integrate Ledger Nano X with Kryptos?

To integrate Ledger Nano X 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 Ledger Nano X to Kryptos - Crypto Tax Software?

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

How frequently does Kryptos sync transactions from Ledger Nano X?

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

What should I do if I encounter an error syncing Ledger Nano X?

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

Can I import historical transaction data from Ledger Nano X to Kryptos?

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

Does Kryptos calculate the cost basis for transactions from Ledger Nano X?

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 Ledger Nano X, simplifying capital gains and losses reporting.

Can I connect multiple exchanges or wallets, including Ledger Nano X, to Kryptos?

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

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How to connect Ledger Nano X with Kryptos & Generate Tax Reports

Varun Mehra

Reviewed by

min read

Last updated:

2024-01-12

Follow these steps below and get insights into your Ledger Nano X wallet and file your crypto taxes stress free with Kryptos

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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 Ledger Nano X Taxes With Kryptos

If you are using Ledger Nano X, 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 Ledger Wallet wallet to Kryptos.
View and analyze all your transactions in a single dashboard and manage your portfolio
Kryptos automatically categorizes all your Ledger Wallet transactions into gains/losses or income.
Now you can sit back and relax while we calculate your Capital Gains Tax and Income Tax from your Ledger Wallet!
Generate the Ledger Wallet tax report for free and download it once everything looks good.
File your Ledger Wallet taxes online or leverage our crypto tax accountant network to help you out.

How To Connect Ledger Nano X With Kryptos

On Ledger Wallet App:

Go to your Ledger Wallet app on your Android or iOS device.
Select your blockchain on the search bar. We currently support Bitcoin, Ethereum, Solana, Cardano and Cosmos. We’re constantly adding new blockchains for Ledger Wallets!
Copy your wallet address belonging to that particular blockchain.

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 Ledger Wallet or select it from the list below.
Now, click on the Ledger Wallet icon.
Select your blockchain & name your wallet anything you would like.
Paste your blockchain address.
Click on Import Your Transactions if you wish to proceed with single-blockchain integration, however, if you want to add multiple blockchains, repeat steps 5 & 6 and then click on Import your Transactions.
Sit back and let Kryptos synchronize with all of your wallets from Ledger Wallet.

How to download Ledger Nano X Tax Reports

Once synchronization finishes, head to Reports under Menu on Kryptos.
Under summary, click on the Download Tax Report button.
Choose your Tax Report Type and click on download.

How are Ledger Nano X 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 Ledger Wallet 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, BTC, ATOM, ETH, etc.), you incur capital gains tax.

Essential things to keep in mind while integrating Ledger Wallet

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

Facing Issues While Connecting Ledger Nano X 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.