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How to do your Poloniex taxes & integrate Poloniex with Accointing

Integrate your Poloniex portfolio with Accointing through API or CSV. Enjoy our cost-free portfolio tracker and tax calculator. Generate Poloniex tax reports using Accointing for desktop and mobile.

Poloniex is a renowned decentralized cryptocurrency exchange platform supporting more than 350 digital assets with low trading fees. It offers Bitcoin, Ethereum, Tron, Tether, and many other popular altcoins. The platform also allows traders to carry out lending and margin trading.

How does Poloniex tax reporting work?

Poloniex doesn’t offer any tax documents to investors to allow them to file their crypto taxes. However, with Accointing’s Poloniex tax calculator and portfolio tracker, you can analyze profits, and losses, and create income tax reports. Accointing allows you to produce Poloniex tax reports matching your country’s required format.

See the following methods of connecting and importing Poloniex transactions into Accointing:

  1. API – allow Accointing to connect to and sync automatically with Poloniex.
  2. CSV - export your Poloniex transaction history and import it into Accointing.
  3. Accointing template - Download and fill out our simple template and upload it to Accointing.

Integrate with Accointing via the Poloniex API

  1. Sign in to your Poloniex account.
  2. In the top-right menu, click ‘Settings’ then ‘API Keys.’
  3. Click ‘Create New Key’
  4. Complete the 2F authentication.
  5. Click the verification link in your email sent by Poloniex.
  6. Ensure the checkboxes for ‘Enable withdrawal’ and ‘Enable trading’ are unchecked.
  7. Change the IP access constraint to ‘Unrestricted.’
  8. Copy the shown API key and the secret key to a file and keep it safe.
  9. Sign in to your Accointing account.
  10. Select ‘Add wallet’ on hovering over ‘Wallets’.
  11. Search for ‘Poloniex’ in the search input and select it from the list.
  12. Select the recommended ‘Automatic’ option and click ‘Continue.’
  13. Set the wallet name as Poloniex.
  14. Copy and paste the API key and secret key into their respective inputs.
  15. Select ‘All’ from the ‘Import from’ dropdown.
  16. Click the ‘Save’ button to complete the API integration.

API supported features:

  • Deposits
  • Withdrawals.
  • Trades and fees.
  • airdrops.
  • Futures trading.
  • Lending.

API unsupported features:

  • Margin trading.
  • Bonuses, rewards, and commissions from referrals.

Integrate with Accointing via the Poloniex CSV/XLSX file

Downloading CSV files from Poloniex

If you don’t want to link your Poloniex 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. Sign in to your Poloniex account.
  2. In your header menu, click ‘Activity’ followed by ‘Trades.’
  3. In the top right corner, click ‘Export.’
  4. Select ‘Trade’ and specify your date range as desired.
  5. Click the ‘Download’ button.
  6. Repeat the same procedure for the ‘Withdrawals’, ‘Deposits’, and ‘Distributions.’

Importing CSV files into Accointing

  1. Log in to your Accointing account.
  2. Hover over the ‘Wallet’ menu, and choose ‘Add wallet.’
  3. Search for Poloniex in the search input and click on it from the dropdown list.
  4. Select the ‘File import’ option then click ‘Continue.’
  5. Specify your wallet name as ‘Poloniex.’
  6. Click the ‘Trades’ file chooser, and browse to the location of the ‘Distributions’ CSV file.
  7. Repeat the same with the ‘Withdrawals’ and ‘Deposits’ file choosers.
  8. Select ‘All’ from the ‘Import from’ dropdown.
  9. Click the ‘Save’ button to initiate data import.

How to review and track your Poloniex transactions in Accointing

  1. After the integration of Poloniex with Accointing, go to your dashboard for a summary view of your portfolio.
  2. Set the applicable date range to analyze Poloniex transaction history, gains, and losses.
  3. Choose a crypto asset from the vast list to view and analyze its buy and sell dates. You can also select multiple assets at the same time to compare their performance for the set date range.
  4. Everything is set, you can track your investment portfolio and keep tabs on the distribution and spread. You can also find out where your assets are kept, whether in an exchange or a wallet.

Common issues with importing transactions from Poloniex

The Poloniex API may fail to sync transaction history properly by sending the wrong values. At times, the connectivity may fail. If you experience this challenge, you can overcome it by removing the existing API integration and creating a new API on Poloniex.

If the missing data isn’t much, you can make manual entries, otherwise, you can also try using the CSV import option.

Typically, Poloniex doesn’t support both API and CSV integration at the same time. if you encountered problems with API connection, delete the integration and use CSV only. Once done importing via CSV, you can complete API integration to allow sync of future transactions.