Unocoin is a cryptocurrency exchange based in India which is hailed as the first entrant to the crypto exchange space from the country. Unocoin offers many features, from crypto trading to its unique buying plans.
KoinX has now integrated Unocoin into our platform so that you can quickly figure out and report taxes on your crypto gains.
Below is a step-by-step guide on importing tax files from Unocoin and making tax reports quickly.
You need to download the tax file from Unocoin first. This will be in a CSV format that Koinx can easily recognize. Below are the steps to download the data.
Step 1 – Go to the official site of Unocoin or open their iOS/Android app and login into your account.
Step 2- Once you log in, you will see the dashboard. Open the sidebar and click on the ‘Wallet’ option.
Step 3 – A dashboard with all your wallet and portfolio will appear. Below the portfolio option, click on the Cumulative Tax Summary option.
Step 4 –On the next page that opens, you have the option to select the duration of the statement you need. Ensure you choose the correct duration here. For instance, if you are trying to get reports from the 2021-22 financial year, choose the tenure between April 2021 and March 2022. Once you choose that, a download option will appear. You may click on that, and the download will begin.
The file that got downloaded here will be in CSV format. You may save the file in a folder of your choice. Ensure you know where the file is kept to make the process easier. The file can be found in the ‘downloads’ folder in default settings.
Now, let us import this file to KoinX and complete the rest of the process.
Step 1 – Go to the KoinX website and sign in. If you do not have an account yet, complete the simple sign-up process, which will hardly take a few minutes.
Step 2 – Once you log in, your KoinX dashboard will open. Click on the ‘Exchanges’ option, which is the third option in the upper navigation bar. And then click on ‘Add exchange’ option.
Step 3 – You will see a list of integrations on the next page. KoinX supports integrations to all the listed exchanges by default. For the purpose of this tutorial, choose ‘Unocoin’ option.
Step 4 – An upload page will load in this step. You have to click on the ‘click to upload’ option here.
Step 5 – Once you click the upload option, your operating software’s file explorer window will open. You must go to the location where you can save the file and choose the right CSV file.
Step 6 – In the final step, recheck the file name to confirm you have uploaded the right one and click on submit.
Voila – that’s it!
KoinX will compute your capital gains and generate a tax report for you that is ready to download and may be used for the purpose of reporting your cryptocurrency income.