How To Calculate Your Probit Taxes With Kryptos

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

How To Connect Probit With Kryptos Using API

On Probit :

1. Log in to your Probit account.
2. Click on the "API" tab at the top of the page.
3. Click on the "Create API Key" button.
4. Enter a name for your API key, which can help you identify the key later.
5. Select the "Read" permission for the key.
6. Select the relevant permissions based on what you need to access. For example, if you only need to access account information, select only those permissions.
7. Click on the "Create" button to generate the key.
8. You will be provided with an API key and a secret key. Make sure to store these keys in a safe place.

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

On Probit :

1. Log in to your ProBit account.
2. Click on the "API" tab at the top of the page.
3. Click on the "Export Trade History" button.
4. Select the date range for which you want to generate the CSV file.
5. Choose the currency pair for which you want to export the trade history.
6. Click on the "Export" button.
7. A pop-up window will appear, where you can select the format of the file. Choose "CSV" as the file format.
8. Click on "Download" to start the download.
9. The CSV file will be downloaded to your computer.

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

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How are Probit 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 Probit 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 Probit

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