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How to do your Coinsbit taxes & integrate Coinsbit with Accointing

Link your Coinsbit account with Accointing through API or CSV. Enjoy our tax calculator and portfolio tracker for free. Generate your Coinsbit tax report via Accointing for desktop and mobile.

Ranking among the top crypto exchanges by daily trading volume, Coinsbit offers more than 73 trading markets with the main coins offered as Bitcoin, Litecoin, and Ethereum. On top of that, the platform offers a good number of stablecoins to its investors through an easy-to-use UI.

How does Coinsbit tax reporting work?

Coinsbit offers every reason to trust it for your cryptocurrency asset investments. However, it doesn’t offer much when you need to file your crypto taxes. Thankfully, Accointing offers an intelligent portfolio tracker and tax calculator that allows you to create a Coinsbit tax report in your country’s format.

You simply need to integrate your Coinsbit account with Accointing then import your transaction and trade history. Here are a few ways you can do that:

  1.  API – Give Accointing automatic access and auto-sync to your Coinsbit account.
  2. CSV – Download a CSV file of your transaction history from Coinsbit and import it into Accointing.
  3. Accointing template – download and fill our simple template then upload it into Accointing.

Integrate with Accointing via the Coinsbit API

  1. Login to your Coinsbit account.
  2. In the top right corner, under your profile icon, click on Security to enable the 2F authentication.
  3. Hover over the profile icon again and click on API Manager.
  4. Copy the API key and the secret key and save them for later use.
  5. Login to your Accointing profile.
  6. Under the Wallets menu, click on Add wallet.
  7. Search for Coinsbit in the search input and select it from the list.
  8. Choose the first option of Automatic and click continue.
  9. Set the wallet name as Coinsbit.
  10. Paste the API key and the secret key into their respective fields.
  11. Select All under the ‘Import from’ dropdown.
  12. Click the Save button to complete the API integration.

API supported features:

  1. Deposits.
  2. Withdrawals.
  3. Fees.

API unsupported features:

  1. Airdrops and forks.
  2. Referrals.

Integrate with Accointing via the Coinsbit CSV/XLSX file

Downloading CSV files from Coinsbit

If you don’t want to link your Coinsbit 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. Login to your Coinsbit account.
  2. In the top right corner, under the Orders menu, select Trade History. 
  3. Under the pair dropdown, select All pairs.
  4. Proceed to download the transactions or simply copy the data from the web UI and paste it into a CSV file.

Importing CSV files into Accointing

  1. Login to your Accointing profile.
  2. Under the Wallets menu, select Add wallet.
  3. In the search input, key in Coinsbit and select it to form the list.
  4. Select the File import option and click continue.
  5. Specify the wallet name as Coinsbit.
  6. Browse the CSV file and select it ready for import.
  7. Select All from the ‘Import from’ dropdown.
  8. Click the Save button to initiate the import.

How to review and track your Coinsbit transactions in Accointing

  1. One through with importing transactions from Coinsbit, go to your Accointing dashboard to see the general performance of your portfolio.
  2. Set the desired date range to begin analyzing your Coinsbit transactions, gains, and losses.
  3. Click the different crypto assets to evaluate your buy and sell dates. You can choose multiple assets at one time to compare performance for the specified dates.
  4. You’re now set to start tracking your Coinsbit investment portfolio in real-time. you’ll also be able to view your distribution and spread, and know whether an asset is stored in an exchange or wallet.

Common issues with importing transactions from Coinsbit

Coinsbit’s API may not sync all your transactions as required. If you notice some missing transactions, delete the synced data, remove the API integration and try the CSV import option. When downloading a CSV file containing the transactions, the process may delay to kick off. If you experience this challenge, you can as well highlight the transactions, and copy and paste them into a CSV file.

If still encountering challenges retrieving the CSV file, send an email to the Coinsbit support team requesting your complete transactions in a CSV.