How to File Your Bitvo Taxes with Koinly

How to do your Bitvo taxes with Koinly

Bitvo is a Canadian crypto platform that lets investors buy, sell and trade a variety of popular cryptocurrencies. But the Canada Revenue Agency is clear that your gains and income from crypto may be taxed. Don't worry, Koinly can help you calculate your Bitvo taxes and file with the CRA. Here's how.


Follow these steps to sync your Bitvo data automatically to Koinly:

  1. Log in to your Bitvo account
  2. Go to the API settings page
  3. Create a new api key for Koinly
  4. Make sure to give it permission to read your deposits/withdrawals/trades. Koinly does NOT need access to your funds so you should disable any fund management permissions.
  5. Copy your API key and API secret

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find Bitvo in the list
  3. Select API > Paste the API keys you copied above in the appropriate box
  4. Hit Import and wait for Koinly to sync your data. This can take a few minutes
  5. Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
  6. Go to the Tax Reports page to view your tax liability!
Having trouble connecting Bitvo with Koinly?

How do I file my Bitvo taxes?

You'll need to calculate and report any income or capital gains you made 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 works by importing your crypto transaction data to analyze what's taxable, and what's not.

Koinly lets you manage all your crypto transactions - from all the blockchains, wallets, and other crypto platforms you use - from one single platform, making crypto tax simple. You just need to upload a CSV file of your transaction history from Bitvo.

Your frequently asked questions

Does Bitvo provide tax documents?
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