How to Connect Bitfinex with Koinly

How to connect Bitfinex with Koinly

Bitfinex is a popular crypto exchange for advanced investors looking to conduct large transactions with a range of digital assets and a host of trading options including margin trades and lending.

How to get a tax statement from Bitfinex

You might be wondering, does Bitfinex provide CSV tax and trade history reports? Is it even possible to get tax info and statements from Bitfinex? What about a Bitfinex tax API? The good news is, while Bitfinex might not provide tax forms and documents, Bitfinex does offer 2 easy ways to export transaction and trade history to our cryptocurrency tax software.

Bitfinex pairs with Koinly through API or CSV file import to make reporting your crypto taxes easy. Once connected, Koinly becomes the ultimate Bitfinex tax tool. How? Koinly will calculate your Bitfinex taxes based on your location AND generate your EOFY tax report, all within 20 minutes! All you’ll need to do at tax time is download your Bitfinex tax statement from Koinly and file it with your local tax authority. Done!

Connect to Koinly with the Bitfinex tax report API

On Koinly

Sign up or log in to your Koinly account and head to the wallets page.
Select add new wallet: Bitfinex.
Select set up auto-sync.
Head over to Bitfinex.

On Bitfinex

Log in to your Bitfinex account.
In the top right hand corner, scroll over the profile icon to open up the drop down menu.
From the drop down menu, select security.
On the right hand navigation bar, select API.
Select create new key.
The permissions granted should already be set to read-only access, but you may want to double check this.
Select generate API key.
Complete the two-factor verification.
Copy both the API key and the API key secret from Bitfinex.

Back to Koinly

Paste the API key into the API key box.
Paste the API key secret into the API secret box.
Select secure import.

Please note, if you have margin trade transactions in your Bitfinex account, API auto-sync can't import this transaction data just yet. Don't worry, you can use the CSV file import method below instead.

Good to know
When using the API integration method, it takes a couple of minutes for your data to sync in Koinly, especially if you have a lot of transactions. Once your data has synced, you may see a small yellow icon next to your Bitfinex wallet on Koinly. This is Koinly letting you know there's some issue with the data. This could be due to missing data, like if you've not synced up another wallet you moved funds to. Click on the icon and there will be a list of the transactions Koinly has identified issues with. You can learn how to fix these issues here.

How to import your Bitfinex tax report CSV file to Koinly

On Koinly

Sign up or log in to your Koinly account and head to the wallets page.
Select add new wallet: Bitfinex.
Select import from file.
Head over to Bitfinex.

On Bitfinex

Log in to your Bitfinex account.
In the top right hand corner, scroll over the profile icon to open up the drop down menu.
Select reports.
Select export in the top navigation bar.
In the new pop-up, under data to export, select ledgers from the drop down menu.
Select export.
This CSV file is sent via email, so log into your email account and download the CSV file there.

Back to Koinly

Upload your CSV file.
Select import.

Good to know
Bitfinex offers a lot of different data to export. It's really important you download the ledgers file. This has your complete transaction history, so it gives Koinly the information it needs to generate an accurate tax report with no missing data. You'll receive your ledgers CSV file to the email account associated with your Bitfinex account. When you download the CSV file, it will be a zip file. You'll need to extract this before uploading it to Koinly.

How do I troubleshoot my Bitfinex integration to Koinly?

Problems with Bitfinex? Not to worry - there’s plenty of help available:

Check out our help forum.
Look at our discussion boards.
Ask us on social media - we’re on Twitter and Reddit.
Contact us on email or live chat.