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How to do your HitBTC taxes

What is HitBTC?

HitBTC is a popular crypto exchange founded in 2013 with more than 500 cryptocurrencies and 800 trading pairs available, as well as futures, staking, and an OTC offering.

Where is HitBTC based?

HitBTC has offices around the world including in Hong Kong and Chile.

Is HitBTC safe?

Wondering if HitBTC is legit? Despite being an old-timer having been founded in 2013, HitBTC has not suffered any notable hacks or compromises since it launched. The exchange also offers good account security features like 2FA, pin, and touch ID. All this said, you should always follow best security practices and store any crypto you're not actively trading or investing in a secure cold wallet.

How to do your HitBTC taxes

You can use a HitBTC tax calculator like Koinly to easily generate a HitBTC tax statement. Here's how it works.

  1. Sign up to Koinly and choose your country and currency
  2. Connect HitBTC with Koinly by API or CSV to import all your trades safely and securely
  3. Koinly categorizes your transactions into gains, losses, and income
  4. Download your crypto tax report from Koinly
  5. File your crypto taxes online or hand your crypto tax report over to your accountant

Watch how to do your HitBTC taxes fast

How to connect HitBTC to Koinly automatically using API

On HitBTC

  1. Log in to HitBTC
  2. Select the settings cog icon in the top right corner
  3. Select the API keys tab
  4. Select new API key
  5. Copy your API key and secret

On Koinly

  1. Sign up or log in to Koinly and go to wallets
  2. Select add new wallet: HitBTC
  3. Select set up auto-sync
  4. Paste your API key & secret
  5. Select secure import

Important

1. You will need to grant the payment information permission after generating the API keys.

2. The HitBTC API does not provide any trades for delisted pairs. You'll need to add these manually or by uploading a CSV file.

How to integrate HitBTC with Koinly using CSV

You'll need to start by downloading a CSV file with your full trading history from HitBTC before you can upload it to Koinly - here's how.

How to download and export your transaction history CSV file from HitBTC

  1. Log in to HitBTC
  2. Select reports in the top navigation bar
  3. Under spot, select my trades
  4. Pick a date range
  5. Select export CSV

Please note if you have other trades like futures, you'll need to export CSV files for these transactions too.

How to upload your HitBTC CSV to Koinly

Now you've got your CSV file, here's how to upload it to Koinly.

  1. Sign up or log in to Koinly and go to wallets
  2. Select add new wallet: HitBTC
  3. Select import from file
  4. Upload your CSV file

Important

1. Don’t forget to double-check and tag your income transactions according to your country's crypto tax rules.

How do I troubleshoot my HitBTC integration to Koinly?

If you need a little help connecting or troubleshooting, try out these resources:

What are the HitBTC fees?

HitBTC uses a tiered maker/taker trading fee structure for both spot and futures trades. Fees vary between -0.02% to 0.25% depending on your 30-day trading volume. HIT token holders also receive a discount. See all HitBTC trading fees.

Is HitBTC available in the US?

No. You cannot use HitBTC if you're in the US. If you have an unverified HitBTC account, trading functions may be disabled should KYC reveal a user is in the US.

Does HitBTC have an API?

Yes. HitBTC has a REST & Streaming API. It makes the platform very appealing for automated day traders looking to use bots.

Does HitBTC have a trading bot?

Yes. HitBTC has a customizable trading bot that can use DCA or grid strategies, or you can use API to connect your trading bot to HitBTC.

What's the best trading bot for HitBTC?

The best trading bot for HitBTC depends on your technical knowledge and unique investment strategy. To learn more about crypto trading bots, check out our best trading bots guide for expert tips.

Where can I find a HitBTC review?

Looking for HitBTC reviews? You should use a variety of sources to get a complete picture of HitBTC for users, including community-driven platforms like Reddit, news sites, exchange aggregators like CoinMarketCap, and review sites like Trustpilot. At the time of writing, HitBTC has a 1.6 star Trustpilot score and a very new subreddit, while CoinMarketCap reveals the platform has very high daily spot trading volumes.