How do I add data from the previous year or new to an existing wallet on KoinX?
Keeping accurate cryptocurrency records is essential for managing your portfolio and planning for tax season. The fast-paced world of crypto makes it prone for gaps to grow, especially when monitoring transactions across numerous wallets and exchanges. These missing or insufficient details might lead to errors in tax calculations, perhaps incurring unnecessary hassles around filing time.
This is where KoinX makes things easier. With a few clicks, KoinX will automatically sync your transactions, fill in any missing information, and remove duplicate entries. Need to add year data to an existing wallet? KoinX manages it efficiently, ensuring that your records are up to date, accurate, and tax-ready. Thus allowing you to focus on what's most important.
Follow this simple guide to add new data or integrate your blockchain wallets seamlessly.
Log In to Your KoinX Account
- Navigate to KoinX Platform (opens in a new tab).
- Log in to your KoinX account using your credentials.
Go to the Integrations Page
- After logging in, navigate to the Integrations (opens in a new tab) page.
Here, you will see a list of integrated exchanges in your account.
Select the Wallet You Want to Update
- Select the wallet to update with new or old year data.
- Click "Sync Now" next to the wallet.
Automatic Sync for API Key or Address-Based Wallets
- If your wallet is integrated with an API Key or Address-Based, the sync will begin automatically.
- KoinX will retrieve all new trades and transaction data from the exchange or blockchain linked to the wallet.
No further action is needed.
Wallets integrated by File Upload
Follow these steps to update your data:
- Click “Add integration” in the top-right corner of your screen.
- Create trade history files in KoinX-compatible CSV or Excel format.
- Choose your files and upload them on the following screen to complete the procedure.
Click Submit
- After submitting the files or initiating the sync, you’ll see a loading screen indicating the sync is in progress.
- The sync duration depends on the size and volume of the transaction data being uploaded.
See your last synced wallet
- Click on "Integrations" from the Overview page.
- Check your recently synced wallet for "Last Synced" here. Show a recent timestamp ("less than a minute ago").
Why Is It Necessary to Add Previous Year or New Data to an Existing Wallet on KoinX?
- Accurate Tax Reporting: Guarantees the exact tax calculations and adherence to local tax regulations.
- Comprehensive Transaction History: Maintains your portfolio and financial records in a current state.
- Profit and Loss Clarity: Displays all profits, losses, and adjustments to the cost basis.
- Enhanced Investment Insights: Helps evaluate past performance to make informed decisions for the future.
Including data from the past and present in your wallet ensures accurate tracking, precise tax filings, and better decision-making. Keep the records up to date to ensure effective management and accurate reporting.