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How to do your Bitstamp taxes & integrate Bitstamp with Accointing

Link your Bitstamp account with Accointing through API or CSV. Enjoy our zero-cost portfolio tracker and generate Bitstamp tax report using Accointing for desktop and mobile.

Bitstamp is a renowned crypto platform supporting trades between cryptocurrency assets and fiat currencies. Traders can deposit and withdraw fiat currencies and cryptos such as Bitcoin and Ethereum. Bitstamp supports up to 45 digital assets for its investors including XRP, XLM, and Bitcoin cash, among others.

How does Bitstamp tax reporting work?

Crypto investors after a Bitstamp tax report will not get it from the platform since Bitstamp doesn’t support tax reporting. However, if you use Accointing’s Bitstamp tax calculator and portfolio tracker, we can generate a report that fits the format specified by your country's tax reporting requirements.

To get started, integrate your Bitstamp account with Accointing and import your transactions history. Here are the different ways to do that.

  • API – Allow Accointing an automatic connection and auto-sync with your Bitstamp.
  • CSV - export Bitstamp transaction history and import it into Accointing.
  • Accointing template - download and fill out our simple template, then upload it into Accointing.

Integrate with Accointing via the Bitstamp API

  1. Log in to your Bitstamp account.
  2. In the top right corner, click the profile icon and click on ‘Settings’
  3. Under ‘Access control’ click ‘API access’.
  4. Click the ‘New API Key’ button.
  5. Set the API name as Accointing.
  6. Enable the ‘user transactions’ and ‘Account balance permissions only.
  7. Complete the 2F authentication then click the ‘Activate’ button.
  8. Check your email inbox for a verification email.
  9. After verification, copy the displayed API key and secret key and keep them safe.
  10. Now log in to your Accointing account.
  11. Under the Wallets menu, click on ‘Add wallet.’
  12. Enter Bitstamp in the search input and click on it from the list.
  13. Select the Automatic option and click Continue.
  14. Set the wallet name as Bitstamp.
  15. Paste the API key and secret key into their respective inputs.
  16. Select ‘All’ under the ‘Import from’ dropdown.
  17. Click the Save button to initiate the integration.

API supported features:

  • Deposits
  • Withdrawals.
  • Trades
  • Staking rewards

API unsupported features:

  • Referral program commission.

Integrate with Accointing via the Bitstamp CSV/XLSX file

Downloading CSV files from Bitstamp

If you don’t want to link your Bitstamp account with Accointing using the API, you can also do so by importing a CSV file containing your history of trades, withdrawals, and deposits. Here is a simple step to go about it.

  1. Log into your Bitstamp account.
  2. In the top right corner, click the profile icon, then choose ‘Activity’
  3. In the left sidebar, select ‘Transaction history.’
  4. Select ‘Export’ and click the ‘Export All’ button at the bottom of the page to download the CSV file.

Importing CSV files into Accointing

  1. Sign in to your Accointing account.
  2. Hover over the Wallets menu and click on ‘Add wallet.’
  3. Search for Bitstamp in the search input and click on it from the list.
  4. Choose the ‘File import’ option, and click Continue.
  5. Specify Bitstamp as the wallet name.
  6. Browse the CSV file downloaded earlier and select it for upload.
  7. Select ‘All’ from the ‘Import from’ dropdown.
  8. Click the Save button to start the import process.

How to review and track your Bitstamp transactions in Accointing

  1. After completing the Bitstamp integration and data import into Accointing, go to the dashboard to view your trading portfolio summary.
  2. Set the desired date range and start evaluating your Bitstamp portfolio history, gains, and losses.
  3. Pick a cryptocurrency asset from the list to start analyzing your buy and sell dates. You can also select multiple assets concurrently to compare their performance for the selected dates.
  4. You’re ready to track your Bitstamp portfolio, distribution, and spread. You can also find out where each asset is stored, whether in a wallet or an exchange.

Common issues with importing transactions from Bitstamp

The Bitstamp API indicates timestamp in milliseconds. This may cause problems when integrating with the API. If faced with this issue, you can contact their support team for assistance. Alternatively, you can opt for the CSV import option.

When importing the CSV file, some users also may encounter an error with a message, “no headers found.” If that’s the case, open the file to verify that the headers are there. You can copy the headers from the Bitstamp web UI that displays the transactions and insert them in the top row of the CSV. Another way is to request the support team to share a complete CSV file with headers and all transactions.