How to file your BitMart taxes with Koinly

How to do your BitMart taxes with Koinly

BitMart is a global crypto exchange offering spot, margin, and futures trading, as well as staking, NFTs and more. Whatever your BitMart investments, Koinly can help with your BitMart taxes.

CSV

Follow these steps to sync your BitMart data automatically to Koinly:

  1. Log in to BitMart.
  2. Select your account name in the top right corner.
  3. Select API Management from the drop-down menu.
  4. Under create new API, write a name in the memo box.
  5. Make sure that under authority, only read-only is selected.
  6. Complete 2FA.
  7. Select submit.
  8. Copy your API key - store it somewhere safe, you won't be able to see it again.
  9. Select confirm.
  10. Paste your API key into the field in Koinly.

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find BitMart in the list
  3. Select API > Paste the API keys you copied above in the appropriate box
  4. Hit Import and wait for Koinly to sync your data. This can take a few minutes
  5. Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
  6. Go to the Tax Reports page to view your tax liability!
Notes / Limitations

This API can only provide the 200 most recent trades. If you have more trades than this then you will need to use CSV files instead

Having trouble connecting BitMart with Koinly?

Does BitMart report to the IRS?

As BitMart operates in the US, it’s likely the exchange has faced pressure from the IRS to share customer data in order to ensure tax compliance. The IRS is able to request KYC data from centralized crypto exchanges. The best way to remain tax compliant is to report your BitMart transactions accurately.

Your frequently asked questions

Does BitMart have tax documents?
How do I get BitMart tax documents?
Do you get a 1099 from BitMart?
Does BitMart provide financial or end of year statements?
Do I have to pay taxes on BitMart?
Does BitMart have KYC?
Is BitMart safe?
Does BitMart report to other tax offices?

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