Quick Summary Box:
Category | Information |
Supported Methods | XLSX Only |
Estimated Time | 5 to 10 minutes |
Platforms Supported | Web and Mobile |
Filing Support | 100+ Countries |
Ideal For | Investors, Stakers, Traders |
Get Started |
Gate.io is a top choice for investors seeking access to a vast array of elusive cryptocurrencies. With over 1,300 available coins, including most of the top 20 market cap cryptos and lesser-known coins, it’s easy to see why it ranks among the investors favorite. Advanced trading features, margin trading in select countries, and acceptance of roughly 50 fiat currencies add to the appeal.
Crypto investors using Gate.io need to stay informed about the tax implications of their activities. KoinX offers a comprehensive solution to managing crypto taxes, portfolios, and accounting with its user-friendly automated systems. As the leading tax-calculation platform for crypto users in India, KoinX is an excellent tool for those who trade on Gate.io.
This post provides a detailed guide on how to generate a Gate.io tax report using KoinX, making it easy for traders to manage their taxes while staying compliant.
How to Integrate Gate.io with KoinX?
KoinX allows you to calculate your crypto taxes with ease. Here’s how you integrate it with Gate.io:
Step 1: Visit the Gate.io website and log into your account using your credentials.
Step 2: Once you are in, click on Asset, which is present at the top right of the screen.
Step 3: In the Asset dropdown menu, select Transaction History.
Step 4: Once the Request batch data window appears, click Date.
Step 5: Select the date range for which you want the transaction history.
Note: Select a time period not exceeding 180 days. So, if you want the Tax Report for the whole financial year, do this step 3 times.
Step 6: Click on Submit Application to create the file.
Step 7: Next click the To Audit option, and download the file.
Step 8: Log in to your KoinX account.
Step 9: Click on the Integration tab in the sidebar, then click on Add Integration.
Step 10: Type in Gate.io on the search bar and click on its Icon.
Step 12: Upload the downloaded Transaction History on the space and click Submit.
What to Do After Integration?
Once your data is fetched on KoinX, you can do the following things:
Review Transactions:
Go to the “Transactions” tab in your KoinX dashboard. You’ll find all your Mudrex trades, deposits, and withdrawals listed. Review these carefully to confirm all data has been correctly imported and nothing is missing or misclassified.
Verify Auto-Classification Activities:
KoinX automatically classifies all imported transactions into categories like buys, sells, staking rewards, and more. This saves you hours of manual tagging. Still, it’s a good practice to scan the classifications to ensure they accurately reflect your activities on Mudrex.
Generate Tax Reports:
Navigate to the “Tax Reports” tab and choose your financial year. KoinX will prepare a tax-compliant report based on your Mudrex data. These reports are ready for filing across 100+ countries and can be downloaded for submission or shared with your tax advisor.
File Your Crypto Taxes With Confidence:
With KoinX, you’ll never miss a taxable transaction again. Once your report is generated, use it to file directly or pass it to your tax consultant. KoinX ensures the report is 100% compliant with your country’s crypto tax rules.
Common Errors and Troubleshooting
- Opening the XLSX File Before Upload: Never open the XLSX file after downloading it from Mudrex. This can alter the formatting and lead to upload errors in KoinX.
- Editing the XLSX File Manually: Any edits to the XLSX file may corrupt the structure and break the integration. Always upload the unedited original.
- Wrong File Format: Make sure the file format is exactly .xlsx. Other formats like .xls or .csv will not work and may cause import errors.
- Data Exported from Wrong Year: Ensure you’ve selected the correct financial year while exporting your data from Mudrex. Uploading records from the wrong year may result in incorrect reports.
- Missing Transaction Data: Double-check that the file includes all relevant transaction types—deposits, trades, and withdrawals. Incomplete files may lead to inaccurate tax calculations.
If issues persist, contact KoinX support or visit our Help Center.
Need Help?
Having trouble connecting your Bitget account to KoinX?
- Visit our Help Centre
- Reach out to us on Twitter
- Email us at support@koinx.com
- Chat with us directly via live support from your dashboard
Frequently Asked Questions
Do I need to report my Gate.io for tax purposes?
If you have a crypto portfolio, you need to report your profits according to tax laws in your country.
Does Gate.io provide tax reports?
No, Gate.io doesn’t provide any tax reports. It only provides you with a transaction history, which you can upload to KoinX to calculate your taxes.
How are Gate.io transactions taxed in India?
In India, Gate.io transactions are covered under tax jurisdiction, which means a 30% tax on profits and a 1% TDS on all transactions.
How does Gate.io's tax reporting with KoinX work?
After the Gate.io and KoinX integration, you are presented with a tax report that gives you a comprehensive overview of the taxes you’re liable to pay on your trades.
What are the most common issues with importing transactions from Gate.io to KoinX?
Even though the KoinX-Gate.io integration is seamless, there are instances where you sometimes upload the wrong file or submit the wrong report to KoinX. Try double-checking the file before uploading.
If you are facing any issues, please feel free to contact our support team.
How do I troubleshoot my integration with KoinX?
If you encounter any issues despite following the above steps, don’t hesitate to contact our support team through our live chat, social media (Twitter), or by emailing.
You can also visit our help centre.
Our customer support executives will respond promptly and will be glad to assist you with any questions you may have.
Does KoinX support exchanges other than Gate.io?
Yes, KoinX supports a variety of major cryptocurrency exchanges and wallets, including Binance, Coinbase, Bitfinex, and others. This enables you to import all of your transaction data from various sources and precisely calculate your cryptocurrency taxes in a single location. With KoinX, you can effortlessly manage your whole cryptocurrency portfolio and tax filing procedure.
