Crypto tax for KuCoin trader
Functions of the crypto app Blockpit
About the cryptocurrency exchange KuCoin
KuCoin is an exchange platform that went online in September 2017. The cryptocurrency exchange has its own app for Android and iOS so that users can also trade mobile. The large number of trading pairs is particularly noteworthy. Namely 300 in number. The crypto exchange has its own cryptocurrency – the KucCoin Shares KCS. In contrast to many other exchanges, Fiat currencies of any kind are not supported by KuCoin. KuCoin does not require a credit card, PayPal or bank account. All deposits can only be made via a wallet with existing cryptocurrencies. That means, only if you already have cryptocurrencies, you can exchange them for other cryptos or coins.
Wie auch bei anderen Kryptobörsen werden Fiat-Währungen ausschließlich zum Erwerb verschiedener Coins genutzt. Die Transaktionen sind bei Coinbase mit einer Schritt-für-Schritt Anleitung ausgestattet. Ebenfalls bietet Coinbase eine mobile App an. Diese besitzt im Gegensatz zur Desktop-Version zusätzlich einen Wallet zur Aufbewahrung.
Das Angebot an Kryptowährungen ist bei Coinbase im Vergleich zu anderen Kryptobörsen wie Kraken, Binance oder Bitpanda sehr bescheiden. Die Nutzer können lediglich nur mit folgenden fünf Coins handeln: Bitcoin, Ethereum, Litecoin, Bitcoin Dash und USD Coin.
Security at KuCoin
The website of the crypto exchange is secured by a two-factor authentication and meets the standards of the financial world. Sensitive data is encrypted and protected.
Fees for KuCoin vary and depend on the cryptocurrency selected. The deposit is free and there is a trading fee of 0.1% per transaction. If withdrawals or payoffs are made in an external wallet, there is also a fee. However, this depends on the currency you choose.
KuCoin vs. Poloniex vs. Coinbase vs. Cryptopia
Trading beginners are faced with a big decision: Which exchange should I use? For example: KuCoin vs. Bitstamp, KuCoin vs. Huobi, KuCoin vs. Bittrex, KuCoin vs. Coinbase, KuCoin vs. HitBTC or KuCoin vs. Binance. It is important to get an overview of the various exchanges and their functionalities.
KuCoin Review & Experience
More than 150 coins are tradable at the Exchange KuCoin. Unfortunately, Fiat currencies are not accepted. Forks are also not supported. Compared to other crypto exchanges, the deposits and withdrawals are done quickly.
How do I get my KuCoin API key?
Easy import of your transactions via API import from KuCoin
- Go to your KuCoin account and navigate to API Management
- Click on Create API
- Enter a API Name and as the passphrase use “blockpit”
- Then you have to insert your trading code, 2FA and confirm by e-mail
- Please disable “Trade” and “Withdraw” and set “no limit” and save your settings
- Enter your Key and your Secret into your Blockpit Account
Please keep in mind, that KuCoin deactivated the old API on Februar 18th 2019. The new API only takes trades after that date.
- Find more information in our Help Center.
Enter crypto taxes from KuCoin
How do I enter my KuCoin trades in my tax return?
The topic of cryptocurrencies and taxes is one of the most neglected topics in the crypto industry. There is hardly any information collected about taxes on Bitcoin & Co. Therefore, Blockpit deals with this complex topic and offers an understandable solution for KuCoin crypto trader. Blockpit is a tax report and portfolio management tool for cryptocurrencies. With Blockpit, users can track their portfolio in real time, monitor profits/losses, calculate taxes and keep an eye on their crypto trades in addition to the web app thanks to the mobile app for Android and iOS. Transactions can be synchronized automatically via API access. Blockpit thus forms the interface between traders, tax consultants and institutions such as banks and tax offices
Portfolio tracking and tax filing made easy
Let Blockpit do the work for yoy