How to Connect ByBit and Koinly

How to connect ByBit with Koinly

ByBit is a leveraged crypto exchange, specializing in derivatives and popular with veteran crypto investors. Though the exchange only launched in 2018, it has quickly amassed 1.5 million users trading millions daily.

How to get a tax statement from ByBit

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

ByBit pairs with Koinly through API or CSV file import to make reporting your crypto taxes easy. Once connected, Koinly becomes the ultimate ByBit tax tool. How? Koinly will calculate your ByBit 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 ByBit tax statement from Koinly and file it with your local tax authority. Done!

Connect to Koinly with the ByBit tax report API

On Koinly

Sign up or log in to Koinly and go to wallets.
Select add new wallet: ByBit.
Select set up auto-sync.
Head over to ByBit.

On ByBit

Log in to your ByBit account.
In the top right hand corner, hover over your profile icon.
From the drop-down menu, select API.
Select create new API key.
Select API transaction.
Enter a name for your API key, like Koinly.
Leave the IP address box empty.
Under API key permissions, check all boxes.
Check read-only.
Select confirm.
Complete two-factor verification.
Copy the API key and API secret.

Back to Koinly

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

Good to know
You'll need to have two-factor authentication enabled in your ByBit account to create a new API key, so make sure you've set this up before you try and sync with Koinly. ByBit uses SMS and Google Authenticator for its two-factor authentication. Your API secret will only appear once, when you first create it. So copy this first and paste it somewhere safe so you don't lose it, otherwise you'll have to start all over again. You don't have to enter an IP address when you're making your API key . This means you'll need to create a new API key in ByBit every three months.

How to import your ByBit tax report CSV file to Koinly

On Koinly

Sign up or log in to Koinly and head to wallets.
Select add new wallet: ByBit.
Select import from file.
Head over to ByBit.

On ByBit

Log in to your ByBit account.
Scroll down to the footer and select help center.
In the top navigation select submit a request.
From the drop-down menu select request for data export.
Enter your email address.
Check the relevant trading pair boxes.
Select a start and end date.
Under data requested, select assets history, closed profits and loss and trade history.
Under file type, check CSV.
Write a subject line and description. In the description, state the purpose of the CSV file and that you would like it to include your complete transaction history.
Select submit.
Wait for the data to be sent to your email and download it when it arrives.

Back to Koinly

Upload the CSV file(s).
Select import.

Good to know
ByBit say they respond to requests within 3 business days, so it's unlikely you'll get your CSV file straight away. If you're still waiting on your CSV file after three days, you can get in touch with ByBit via their live chat, Twitter or on the ByBit subreddit to chase this up.

How do I troubleshoot my ByBit integration to Koinly?

Having trouble connecting ByBit with Koinly? No worries - check out these resources:

Head to our help forum to read our guides.
Look through our discussion boards for common user queries.
Talk to us on Twitter or Reddit.
Contact us on email or live chat.