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How to do your Bitrue taxes in 2022
| Transaction type | File Import 1 | File Import 2 | File Import 3 |
|---|---|---|---|
| Withdrawals | |||
| Deposits | |||
| Trades | |||
| Trading Fees |
Introduction to Bitrue
Bitrue is a crypto exchange platform that was established in Singapore in 2018. The only thing to match the more than 700 currencies traded on Bitrue, is the 4.2 million users from all over the world. While it is easy for new users to use the site, Bitrue can be better used by experienced traders as that is where they put more of their focus.
Their mission is to “provide safe, convenient, and diversified services to meet all crypto needs”. They accomplish this by having a robust security policy of two factor authentication and multisignature cold wallet storage, to be faster by having rapid trade matches due to a unique core pair system, and by making their site “powerful enough for experts, simple enough for your grandma”.
How to export your Bitrue transaction history
Automatic import
Divly does not yet support the Bitrue API but plans to do so in the future.
Step by step guide:
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Login to your Bitrue account.
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From the dashboard, click on your account icon so that the drop down menu is shown.
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Click on the API tab in the submenu.
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Generate an API by naming it “Divly” , Bitrue will send a confirmation email to your email.
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Then click Save Settings to generate a new API key.
File import
You can import transactions into Divly by downloading and importing a CSV file. Make sure to download the CSV file every time you want to include the latest transactions.
Important
Bitrue requires you to download three CSV's (one for deposits, one for withdrawals, and one for trades).
Trades are merged based on timestamp and currency to avoid clutter and an excess transaction count.
Step by step guide:
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Sign in to Bitrue.
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Withdrawals CSV: Click Assets in the top menu and then select My Assets. Select export asset transaction history. Select Withdrawal, All, and the entire time period. Download the CSV file.
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Deposits CSV: Click Assets in the top menu and then select My Assets. Select export asset transaction history. Select Deposit, All, and the entire time period. Download the CSV file.
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Trades CSV: Click Assets in the top menu and then select My Assets. Select export asset transaction history. Select Trade History, All, and the entire time period. Download the CSV file.
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Drag and drop all three CSV files to where it says Upload CSV. Divly will import the transactions.''
Common issues when calculating your Bitrue taxes
If you have any issues with calculating your Bitrue taxes, feel free to contact our support team which is available via the online chat on the bottom right hand corner of our website. Good luck!
Any tax-related information provided by us is not tax advice, financial advice, accounting advice, or legal advice and cannot be used by you or any other party for the purpose of avoiding tax penalties. You should seek the advice of a tax professional regarding your particular circumstances. We make no claims, promises, or warranties about the accuracy of the information provided herein. Everything included herein is our opinion and not a statement of fact. This article may contain affiliate links.