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How to do your IDEX taxes & integrate IDEX with Accointing

Link your IDEX account to Accounting through API or CSV. Enjoy our cost-free portfolio tracker and IDEX tax calculator. Generate IDEX tax report using Accointing for desktop and mobile.

IDEX is a decentralized Ethereum exchange platform with its own token, IDEX. It offers an order book combined with an automated market maker. The platform also offers other popular cryptocurrencies, including Bitcoin, USD Coin, Dogecoin, Tether, and Binance USD. Trades can also stake tokens and earn rewards. 

How does IDEX tax reporting work?

Are you an IDEX trader looking for an IDEX tax report? The platform doesn’t offer any tax documents, but you can make use of Accointing’s IDEX tax calculator and portfolio tracker. The tracker allows you to analyze your transactions history while the tax calculator can generate detailed IDEX tax reports according to your country’s required format.

To achieve this, simply connect your IDEX account to Accointing and import your trades history data. Here are different ways of achieving this:

  • API – Allow Accointing to connect automatically to your IDEX account and sync your transaction data.
  • CSV - Export IDEX transaction history and import it into Accointing.
  • Accointing template - Download and fill our template then upload the data into Accointing.

Integrate with Accointing via the IDEX API

  1. Log in to your IDEX account.
  2. Navigate to the far right at the top and hover over the profile icon.
  3. Click on ‘My Account.’
  4. Next, click on ‘Generate New API Key.’
  5. Ensure the read-only access checkbox is checked.
  6. Copy the API key and the secret key and keep them safe.
  7. Sign in to your Accointing account.
  8. Hover over the ‘Wallets’ menu and select ‘Add wallet.’
  9. In the search input, enter ‘IDEX’ and select it from the dropdown list.
  10. Select the ‘Automatic’ option from the list then click Continue.
  11. Set the wallet name as ‘IDEX.’
  12. Copy and paste your API key and secret key into their respective inputs.
  13. Choose ‘All’ from the ‘Import from’ dropdown.
  14. Click the ‘Save’ button to initiate API integration.

API supported features:

  • Deposits
  • Withdrawals.
  • Trades

API unsupported features:

  • Fees.
  • Referral program commission.

Integrate with Accointing via the IDEX CSV/XLSX file

Downloading CSV files from IDEX

If you don’t want to link your IDEX 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 in to your IDEX account.
  2. On the header menu, select ‘My Activity.’
  3. Click on ‘Download CSV’ to generate your IDEX transaction history CSV file.

Importing CSV files into Accointing

  1. Log in to your Accointing account.
  2. Hover over the ‘Wallet’ menu, and select ‘Add wallet.’
  3. Key in ‘IDEX’ in the search input and select it from the list.
  4. Choose ‘File import’ then click ‘Continue.’
  5. Set IDEX as your wallet name.
  6. Click the file chooser to browse the CSV file downloaded and select it for upload.
  7. Choose ‘All’ from the ‘Import from’ dropdown.
  8. Click the ‘Save’ button to start the import.

How to review and track your IDEX transactions in Accointing

  1. After connecting IDEX to Accointing and syncing your transaction history, proceed to your dashboard for a summary view of your portfolio.
  2. Set the applicable date range to start analyzing your IDEX transaction data, gains, and losses.
  3. Select a crypto asset to analyze its buy and sell dates. You can also choose multiple assets at a go and compare their performance for the chosen dates.
  4. You’re all set to track your IDEX distribution, spread, and portfolio in real-time. If you wish to know where each asset is kept, Accointing allows you to know whether it’s stored in an exchange or a wallet.

Common issues with importing transactions from IDEX

The IDEX CSV file contains trading data but not trading fees, withdrawals, and deposits. To get a comprehensive tax report, these data are also required. You can send a request to IDEX support requesting a complete CSV file containing withdrawals, deposits, and fees.

The IDEX API on the other hand, will not sync fees charged on completed trades. However, IDEX has been working to upgrade its API to support this. If you notice that trade fees are missing, you can request their support team for a complete CSV file to allow you to import all your transaction history.