How to do your OceanEx taxes with Koinly
OceanEx is an AI-powered crypto exchange, launched in 2018, serving investors worldwide trading on the VeChainThor Ecosystem. Whatever your OceanEx investments, Koinly can help with your crypto taxes. Here's how.
- Sign up to Koinly and choose your country and currency
- Connect OceanEx with Koinly to import all your OceanEx trades safely and securely
- Koinly categorizes OceanEx transactions into gains, losses, and income
- Download your crypto tax report from Koinly
- File your crypto taxes online or with your crypto tax accountant
How do I file my OceanEx taxes?
You'll need to calculate and report any income or capital gains you made from Bitcoin with your tax office. For most people, this happens as part of your annual tax return.
There are a couple of ways you can do this - do it yourself, by identifying your taxable transactions, calculating your net capital gain or loss, and the fair market value of any crypto income.
Or, use a crypto tax calculator like Koinly to easily calculate your taxable income for you, and generate your crypto tax report, ready to file with your tax office. Koinly lets you manage all your crypto transactions - from all the blockchains, wallets, and exchanges you use - from one single platform, making crypto tax simple.
Koinly works by importing your crypto transaction data to analyze what's taxable, and what's not. All you need to do is upload your OceanEx CSV files or connect using API. Due to the API limitations, you may find it easier to use CSV files.
How to integrate OceanEx with Koinly using CSV
You can integrate Koinly with OceanEx by uploading CSV files of your transaction history. OceanEx offers multiple files for users, and all of these have a maximum date range of a year, so it can be difficult exporting your entire transaction history. An easier option is to contact OceanEx support, who can email you your complete transaction history.
How to download and export transaction history CSV from OceanEx
- Log in to OceanEx
- You'll find your order history and trade history CSV files if you select the funds tab, then orders. As there are time limits to the amount of data you can export, make sure you export enough files to cover your entire trading history on OceanEx.
- You'll also need to export other CSV files relevant to your transactions including your deposit and withdrawal CSV files and more. As there are time limits to the amount of data you can export, make sure you export enough files to cover your entire trading history on OceanEx.
How to upload your OceanEx CSV file to Koinly
- Sign up or log in to your Koinly account and go to wallets
- Select add new wallet: OceanEx
- Select import from file
- Upload your CSV file(s)
Important
OceanEx CSV files are limited to certain time periods - for example, a month or a year. But Koinly needs your complete transaction history on OceanEx in order to calculate your OceanEx taxes correctly, so make sure you export however many CSV files you need to cover your entire transaction history on OceanEx.
How to connect OceanEx to Koinly automatically using API
On OceanEx
- Log in to OceanEx
- Select your profile icon
- Select API management
- Create a new read-only API key
- Copy your UID, API key & API private key
On Koinly
- Sign up or log in to your Koinly account and go to wallets
- Select add new wallet:Â OceanEx
- Select set up auto-sync
- Paste your UID, API key & API private key into Koinly
- Select secure import
Important
1. The OceanEx API returns limited data - specifically, it will only return orders for the last 24 hours. As such, we recommend using CSV files instead.
2. You'll need to have a verified account in order to create an API key on OceanEx.
How do I troubleshoot my OceanEx integration to Koinly?
If you need help connecting OceanEx and Koinly, check out these great resources:
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter or Reddit
- Contact us by email or live chat
- Got a feature request? Give us feedback on Canny
Calculate your OceanEx taxes
Sign up free today and calculate your OceanEx taxes
Does OceanEx provide tax documents?
No. OceanEx does not provide tax documents for users, instead you'll need to export your OceanEx transaction history and calculate your taxes yourself, or use crypto tax software like Koinly to do it for you.
How do I get tax reports and forms from OceanEx?
The simplest way to get your OceanEx tax report is to upload your OceanEx CSV files to Koinly and let it calculate your taxes for you and generate your crypto tax report.
Does OceanEx provide financial or end of year statements?
OceanEx provides users with CSV files of their transaction history, and users can pick set date ranges like one month or one year.
Is OceanEx safe?
OceanEx offers account security features like Google Authenticator & email 2FA and is partnered with CertiK, a leading blockchain security provider. However, as always, whenever you're not actively trading, you should always store your crypto in a non-custodial, hardware wallet to keep it safe.
Which countries can I use OceanEx in?
OceanEx serves crypto investors globally but with some notable exceptions including the USA, China, Japan, Sudan, Syria, North Korea, Iran, Liberia, Cuba, Ivory Coast, Macedonia, South Sudan, Belarus, Congo, Zimbabwe, Central African Republic, Albania, Lebanon, Libya, Eritrea, Somalia, Myanmar, Yemen, Afghanistan, Iraq, Bosnia-Herzegovina, Burundi, Chad, Crimea, and Venezuela.