Search for SafePal or select it from the list below.
Now, click on the SafePal icon.
Select your blockchain & name your wallet anything you would like.
Paste your blockchain address.
Click on Import Your Transactionsif 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 Kryptoskatt synchronize with all of your wallets from SafePal.
How to download SafePal Tax Reports
Once synchronization finishes, head to Reports under Menu on Kryptoskatt.
Under summary, click on the Download Tax Report button.
Choose your Tax Report Type and click on download.
How are SafePal 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 SafePal 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, BNB, ETH, etc.), you incur capital gains tax.
Essential things to keep in mind while integrating SafePal
In your wallet, make sure you’ve selected the correct network before integrating it.
Do not use your private keys for integrations on Kryptoskatt.
Facing Issues While Connecting SafePal 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 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 email@example.com.
Ready To Experience A Stress-Free Crypto Tax Journey?
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