Don't forget!
It is possible to reduce your taxes by declaring your losses. Take advantage of the bear market!
How to do your Kraken taxes in 2022
| Transaction type | File Import | Automatic Import |
|---|---|---|
| Withdrawals | ||
| Deposits | ||
| Trades | ||
| Trading Fees | ||
| Realized PNL | ||
| Staking Rewards |
How to export your Kraken transaction history
Automatic import
You can import transactions from Kraken into Divly by using our API integration. After you have provided the API keys, Divly will be able to fetch your latest transactions anytime you click "Import Transactions" in the wallet page.
Step by step guide:
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Sign in to Kraken.
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In the top right corner click on your username, then Security, and finally API. Alternatively use this link.
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Click Add key in the right top corner of the page.
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Type in Divly in the description. Enable the following Key Permissions:
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Query Funds
- Query Closed Orders & Trades
- Query Ledger Entries
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Export Data
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Click the Generate key button.
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Copy the API Key and API Secret into Divly.
File import
You can import transactions from Kraken 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
Rollover fees are summed up based on their reference ID. This avoids the clutter of potentially thousands of miniscule transactions.
Step by step guide:
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Sign in to Kraken.
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In the navigation bar at the top right click on the History tab.
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Click on the Export in the submenu below.
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Select Ledgers from the dropdown (do not select Trades). Select All fields and set the correct time period. Click on Submit.
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It may take a few minutes up to a few days for the file to process depending on Krakens server resources.
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Once the request goes from Queued to Processed, click on the button with 3 dots to the right and select Download. Extract the CSV from the zip file.
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Drag and drop the CSV file to where it says Upload CSV. Make sure the CSV file is unzipped. Divly will import the transactions.
Common issues
Here are some potential issues that we have seen from our Kraken users:
- The KFEE (Kraken fee credits) does not have a pricing history in Divly. If used please adjust this manually for the time being.
If you have any issues with calculating your Krakentaxes, 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.