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How to do your DeversiFi taxes & integrate DeversiFi with Accointing

Link your DeversiFi account to Accounting through API or CSV. Track your DeversiFi portfolio through our cost-free portfolio tracker. Generate DeversiFi tax reports using Accointing for desktop and mobile.

DeversiFi is a pretty new decentralized hybrid Ethereum exchange offering spot trading, P2P funding, and margin trading. The platform’s most notable feature is its high liquidity and low fees ranging from 0 to 0.2%. Their user interface is rather complex, hence most suitable for experienced crypto investors.

How does DeversiFi tax reporting work?

DeversiFi doesn’t offer much to enable you conveniently file your portfolio taxes. But you can use Accointing’s DeversiFi tax calculator and the portfolio tracker to get an analysis of your transaction history. You can also use the tax calculator to generate detailed tax reports matching your country’s requirements.

You can achieve this by integrating DeversiFi to Accointing and importing your transactions history. Here are ways to do that:

  • API – Grant Accointing an automatic connection and sync to your DeversiFi account
  • CSV - Export your DeversiFi transaction history and import it into Accointing
  • Accointing template – Fill out our simple template and upload the data into Accointing.

Integrate with Accointing via the DeversiFi API

  1. Connect your wallet to DeversiFi to allow sign in to your account.
  2. On the left sidebar, click on ‘History.’
  3. Click the ‘API Settings’ tab.
  4. Click the two toggle buttons to allow read-only access to your transaction history and account balance.
  5. Send an email request to the support team requesting the API key and secret key to give third-party applications read-only access to your transaction data.
  6. Sign in to your Accointing account.
  7. Select ‘Add wallet’ under the ‘Wallets’ menu.
  8. Search for DeversiFi in the search input and select it from the list.
  9. Choose the recommended ‘Automatic’ option and click Continue.
  10. Set the wallet name as DeversiFi.
  11. Copy and paste the API key and secret key into their respective inputs.
  12. Select ‘All’ under the ‘Import from’ dropdown.
  13. Click the Save button to start the integration.

API supported features:

  • Deposits.
  • Withdrawals.
  • Trade fees.

API unsupported features:

  • Referral program commissions.

Integrate with Accointing via the DeversiFi CSV/XLSX file

Downloading CSV files from DeversiFi

If you don’t want to link your DeversiFi 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. Connect your wallet to DeversiFi to allow sign in to your account.
  2. On the left sidebar, click the ‘History’ option.
  3. Under the ‘Deposits & Withdrawals’ tab, set the token dropdown to ‘All tokens.’
  4. Set the date dropdown to ‘All time.’
  5. Click the ‘Download CSV’ button to get your CSV file.
  6. Click the ‘Trades & orders’ tab and repeat the same process to get your trades CSV file.
  7. Repeat the process for the ‘Transfers’ tab to get a CSV file of all transfer transactions.

Importing CSV files into Accointing

  1. Log in to your Accointing account.
  2. Under the Wallet menu, select ‘Add wallet.’
  3. Search for DeversiFi in the search input then select it from the list.
  4. Select the ‘File import’ option then click Continue.
  5. Set  DeversiFi as your wallet name.
  6. Click the ‘Trades’ file chooser, browse and select the trades CSV file downloaded earlier.
  7. Repeat the same for the deposits and withdrawals history file choosers.
  8. Select ‘All’ from the ‘Import from’ dropdown.
  9. Click the ‘Save’ button to start the import.

How to review and track your DeversiFi transactions in Accointing

  1. After connecting DeversiFi to Accointing and syncing your data, head to your Accointing dashboard for a portfolio summary view.
  2. Choose the applicable start and end date to begin analyzing your DeversiFi portfolio transactions, gains, and losses.
  3. Select a crypto asset to evaluate the buy and sell dates. You can also choose multiple assets at a go to compare their performance under the set date range.
  4. You’re good to go; start tracking your DeversiFi portfolio performance, distribution, and spread. Find out where each asset is kept, whether in exchanges or wallets.

Common issues with importing transactions from DeversiFi

DeversiFi has a rather complex API integration mechanism. Accessing the API is not readily available on the website. Instead, there is technical documentation provided on how to access the API keys. The best bet for non-technical traders or those who don’t have the time to read the documentation is to send a request to the support team requesting the API keys.

If all fails, you can use the CSV export method. For a very active portfolio with a lot of transactions, downloading the CSV files for all transactions takes longer. You can therefore download multiple CSV files for every month of the year.