How to connect Metis blockchain with Kryptos

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How to connect Metis blockchain with Kryptos

by
Varun Mehra
Reviewed by
Sukesh Tedla
min read
Last updated:
2023-02-23
Follow the steps below and get insights into your Metis blockchain portfolio and crypto taxes, stress free with Kryptos

How To Calculate Your Metis Taxes With Kryptos

If you are using Metis, follow these steps to connect it with Kryptos – auto-sync all your transactions, analyze your portfolio, and calculate your crypto taxes in minutes. We help users with Defi Taxes and show their DeFi portfolio overview as well.

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

How To Connect Metis With Kryptos 

On Metis :

  1. Go to your browser-based Metis wallet.
  2. It can be Metamask, Ledger, or any wallet that supports the Metis Andromeda Mainnet. For this guide, we’ll be sticking to Metamask.
  3. On your wallet, make sure that you’ve selected the Metis Andromeda Mainnet as your primary network. 
  4. Copy your wallet address.

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 Metis or select it from the list below.
  4. Now, click on the Metis icon.
  5. Name your wallet anything you would like.
  6. Paste your Metis wallet address.
  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.
  9. Sit back and let Kryptos generate the report for you!

Integrating EVMs automatically with Ethereum Address

Kryptos supports a multi-integration mode which is the first of its kind in the Crypto Space. Just integrate your Ethereum wallet & Kryptos will automatically identify the EVM chains linked to your Ethereum wallet address.

While integrating your Ethereum wallet, select all the EVM chains that you want to generate your tax reports from & Kryptos will automatically import all the transactions. 

In the above example, while integrating the Ethereum wallet, Kryptos detected Arbitrum linked with the same address.

From here, you can choose to select or deselect the EVM & generate your DeFi tax reports Stress-Free!

How are Metis 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 Metis 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, METIS, ETH, etc.), you incur capital gains tax.

Essential things to keep in mind while integrating Metis

  • 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 Metis 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.

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