Preparing Your HitBTC Taxes
As the first step in your crypto tax process, you will need to upload all your transactions to CryptoTaxCalculator. For HitBTC there are two ways to do so, through an API upload or through a CSV history file upload. Either will work and allow CryptoTaxCalculator to calculate your crypto taxes and specifically your HitBTC tax obligation.
The easiest way to transfer data is to generate an API and share the details with CryptoTaxCalculator.
On HitBTC: 1. Open the HitBTC API page 2. Click the New API key button 3. Enable the following two permissions: Order book, History, Trading balance Payment information Enter your two-factor authentication code Copy the API Key and Secret
On CryptoTaxCalculator: Once logged in navigate to the Import page and select HitBTC from the dropdown menu Paste in your API key, secret key, and passphrase used to create the API The process might take a few minutes but in the meantime, you can upload data from your other exchange accounts and wallets
The alternative to using an API is downloading your transaction data from HitBTC and uploading the files to CryptoTaxCalculator.
On HitBTC: 1. For trades: Select My Trades (https://hitbtc.com/reports/trades) under Reports. For deposits and withdrawals: Select Payment History (https://hitbtc.com/reports/history) under Reports 2. Click Export as .csv
On CryptoTaxCalculator: 1. Once logged in navigate to the import page 2. Select HitBTC from the dropdown menu 3. Click the import button and upload all the files you have downloaded from HitBTC
Once you have uploaded all your crypto data CryptoTaxCalculator can calculate your portfolio breakdown and crypto tax obligation. If for some reason you can’t upload your transactions you can add them individually on the review transactions page.
All content in this article is general information only and does not constitute financial, tax or legal advice. It is not intended to be used by anyone for the purpose of financial advice, legal advice, tax advice, tax avoidance, promoting, marketing or recommending to any other party any matter addressed herein. For tax, financial or legal advice please consult your own professional.