Preparing your Kraken Taxes

CryptoTaxCalculator supports two main options for uploading data from Kraken so you can calculate your Kraken taxes. Kraken has an easy-to-use API which allows you to automatically upload data, they also offer CSV history downloads allowing you to upload the files manually.

On Kraken:

  1. Login to Kraken.com
  2. Click on the History Tab once signed in
  3. Then click on the Export tab
  4. Select Trades from the drop-down menu
  5. Submit your request for the date range you have traded. Once your request goes from “Queued to “Processed”, you can download it to your computer

On CryptoTaxCalculator:

  1. Login to CryptoTaxCalculator and navigate to the import page
  2. From the drop-down menu select Kraken
  3. Import the file previously downloaded from Kraken
  4. While the file is uploading you can continue importing data from your other exchange accounts and wallets

On Kraken:

  1. Once logged in navigate to the settings > API page
  2. Click on the “Generate new key” button
  3. Select the “Export data” and “Query Closed Orders & Trades” permissions
  4. Generate key for the date range you have traded
  5. Save and copy your API and secret key somewhere secure

On CryptoTaxCalculator:

  1. Login to CryptoTaxCalculator and navigate to the import page
  2. Select Kraken from the drop-down menu
  3. Enter your API and Secret Key and click Import.
  4. The process might take a few minutes, but in the meantime, you can continue adding other exchange data

That’s it, from the two options you can upload all your transactions from Kraken to calculate your taxes using CryptoTaxCalculator. If you find for whatever reason you are missing some transactions you can upload transactions manually 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.

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