How to do your WhiteBIT taxes with Koinly

WhiteBIT is a large crypto exchange, particularly popular with European investors, with a huge range of investment opportunities. Investors can buy, sell and trade more than 190 cryptocurrencies, including with margin and futures trading, as well as earn crypto through lending and staking. Whatever your WhiteBIT transactions, Koinly can help you when it comes to tax time. Here's how.

CSV

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

  1. Log in to your WhiteBIT account.
  2. Click on your profile icon in the right corner and select API.
  3. Select Generate a new key.
  4. Copy the API key and API secret and add them to the fields in Koinly.


Important: You will also need to add access restrictions to your API keys. To do this:


  1. Enable Endpoint access restrictions.
  2. Permissions to enable:
  • Enable Trade balance and Order history category,
  • Enable Wallet balance and history category.
  • Under the Convert category, enable the /convert/history permission
  1. Click Apply changes in the bottom right corner.

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find WhiteBIT 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!
Having trouble connecting WhiteBIT with Koinly?

WhiteBIT has SSO with Koinly, so if you're new to Koinly you can sign up using your WhiteBit account, or log in to an existing Koinly account via WhiteBIT.

Your frequently asked questions

Does WhiteBIT provide tax reports?
How do I get a WhiteBIT tax report?
Does WhiteBIT provide end of year or financial statements?
Does WhiteBIT report to tax offices?
Can I use WhiteBIT in the US?
Is WhiteBIT legit?
Does WhiteBIT require KYC?
loading