Preparing Your Bittrex Tax Reports
Effortlessly calculate your bittrex taxes and generate the correct tax reports to send to your tax authority. Koinly integrates with Bittrex and makes tax reporting a breeze.
How It Works
The first and usually the only step is to download all your data from Bittrex and upload it to Koinly. There are a few ways you can do this:
As Bittrex has an API, the most efficient way to import everything is to just add your read-only API keys (api key, api secret). After that Koinly will import all your transaction data and you are ready to generate your tax form.
If you don't have access to your API keys you can also import transactions by importing your CSV files.
If you only have a few transactions and the above method(s) are not possible for you, you can even add the transactions manually via Koinly's web interface.
Note that if you decide to import CSV files, you have to make sure to import your deposits/withdrawals and trades for ALL previous years - not just the current one!
That's it. The only other thing to be vary of is to tag your airdrops/forks so they show up as Income on your final cryptocurrency tax forms!
Importing Bittrex transactions automatically via API
Follow these steps to get your API keys:
- Open the Bittrex API Keys page
- Click the Add new key... button
- Enable the READ INFO permission for the new key
- Click Save
- If applicable, enter your two-factor authentication code
- Copy the Key and Secret
Bittrex API only allows syncing the last 100 deposits. If you have more, you will need to import them via CSV.
Importing Bittrex transactions manually via CSV files
Follow these steps to download your transaction files:
- Sign into your Bittrex Account
- Click on the Orders page
- Click on the Download History button (next to Recent Orders)
- Select year - Koinly needs ALL of your trades so repeat this process for every year that you traded
- Also download your deposits and withdrawals
- Upload the downloaded file to Koinly