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How to do your SouthXchange taxes & integrate SouthXchange with Accointing

Integrate your SouthXchange account with Accointing through API or CSV. Enjoy our portfolio tracker and tax calculator for free to determine SouthXchange taxes through Accointing for desktop and mobile.

SouthXchange ranks among the oldest crypto trading platforms, having been awarded in 2019 as the best crypto platform in South America. It boasts of low trading fees, a large crypto asset support, and gambling features support, such as Dice.

How does SouthXchange tax reporting work?

SouthXchange is a robust crypto platform with numerous features for investors. But it falls short when it comes to tax reporting because it doesn’t offer a tax report directly. Accointing’s SouthXchange tax calculator and portfolio tracker let you analyze transaction history, calculate taxes, and create tax reports according to your country’s format.

You only need to integrate your SouthXchange account to Accointing and import trade history. The following are ways to do that:

  • API – Allow Accointing to automatically connect to and sync your SouthXchange transactions.
  • CSV – Export your SouthXchange transaction history and import it into Accointing
  • Accointing template - download and fill in our simple template and upload it to Accointing.

Integrate with Accointing via the SouthXchange API

Connecting SouthXchange to Accointing via API will grant Accointing read-only access, hence cannot move funds or access private keys.

  1. Login to your SouthXchange account.
  2. In the top right corner, click the settings icon then select settings.
  3. In the left-hand side vertical menu, click 2FA and enable it if it's not enabled.
  4. Then click the Private API keys.
  5. Under the Permissions list, click on Get info only to grant Accointing read-only access.
  6. Enter the 2FA authentication code then click Generate New API key.
  7. Copy the API key and the secret key displayed and keep them safe because they’re shown only once.
  8. Login to SouthXchange.
  9. Under the Wallets menu, click on Add wallet.
  10. Enter SouthXchange in the search input and select it from the list.
  11. Choose the Automatic option displayed and click Continue.
  12. Specify the wallet name as SouthXchange.
  13. Paste the API key and secret key in their respective inputs.
  14. Under the Import from dropdown, select All.
  15. Click Continue to initiate the API integration.

API supported features:

  • Withdrawals.
  • Deposits.
  • Trades.

API unsupported features:

  • Fees.
  • Referral incentives.

Integrate with Accointing via the SouthXchange CSV/XLSX file

Downloading CSV files from SouthXchange

If you don’t want to link your SouthXchange 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 SouthXchange account.
  2. On the right-hand side, under your account’s email address, click the Orders menu.
  3. Your transaction history data will be displayed in tabular format.
  4. Highlight the data, copy, and paste it into a CSV file, keeping the column names the same.
  5. Save the CSV file for later use.

Importing CSV files into Accointing

  1. Login to your Accointing profile.
  2. Under the Wallets menu, click on Add wallet.
  3. Enter SouthXchange in the search input and select it from the list.
  4. Select the ‘File Import’ option and click Continue.
  5. Set the wallet name as SouthXchange.
  6. Browse the file location and select it ready for import.
  7. Set the ‘Import from’ option to ‘All’.
  8. Click on the Save button to start the import.

How to review and track your SouthXchange transactions in Accointing

  1. Once done importing transactions into SouthXchange, go to your Accointing dashboard to check your portfolio performance summary.
  2. Choose the applicable date range to start analyzing your SouthXchange transaction history, gains, and losses.
  3. Click the different crypto assets to view and analyze the buy and sell dates. You can also choose multiple assets at one go to compare performance for the chosen dates.
  4. You’re now ready to start monitoring your SouthXchange investment portfolio. You can also keep track of your distribution and spread and be able to tell if an asset is kept in an exchange or wallet.

Common issues with importing transactions from SouthXchange

SouthXchange doesn’t offer a way to download transaction history CSV files. Instead, you can navigate to your Orders page, highlight the data, and copy it from the web UI to a CSV file. This can be tedious because the data format may be compromised when copying and this may cause problems during the upload process.

You can avoid this hassle by sending an email to the support team requesting a CSV file of your complete transaction history.