Quick Summary Box:
Category | Information |
Supported Methods | Direct Integration and XLSX Upload |
Estimated Time | 5 to 10 minutes |
Platforms Supported | Web and Mobile |
Filing Support | 100+ Countries |
Ideal For | Investors, Stakers, Traders |
Get Started |
Mudrex is a popular crypto trading platform that offers a user-friendly experience for both beginners and veterans. It provides advanced features like basket orders, in-depth charting tools, and social trading to help you navigate the crypto markets. But when it comes to tax season, even the most seasoned traders need a little help.
That’s where KoinX comes in. Mudrex and KoinX have joined forces to bring you a seamless integration that enables you to import your transaction data from Mudrex directly into KoinX. Now, you can view and download a comprehensive tax report as per the government guidelines within seconds. KoinX ensures every Mudrex investor stays tax-compliant with minimal effort and zero errors.
How to Integrate Mudrex with KoinX?
You can seamlessly integrate your Mudrex with KoinX either through one-click direct integration or by uploading the trade reports on KoinX.
Direct Integration with KoinX
Step 1: Log in to your KoinX account.
Step 2: Click on the Integration tab in the sidebar, then click on Add Integration.
Step 3: Click on the Mudrex exchange icon
Step 4: Under Direct Connect, click on the Connect Mudrex button.
Step 5: You will be redirected to the Mudrex website.
Click on Accept to enable secure and seamless integration with KoinX.
If you are not logged in, log in first and then you proceed with this step.
Step 6: You are done
Once you click on Accept, you will be redirected back to KoinX.
KoinX will start fetching your transactions, and you can track all your trading with the portfolio tracker. Additionally, you can generate your tax report seamlessly.
XLSX Upload with KoinX
Step 1: Log in to your Mudrex account using the mobile application.
Step 2: Click on your profile in the upper left section of the screen(which displays your name’s initials or an emoji).
Step 3: In the profile section, scroll down the page and click Transaction Statement under Reports and Statements.
Step 4: Select the Financial Year you want to generate your crypto tax report.
Step 5: Then click on Request Statement. Once done, you will receive an email containing all the details of your statement.
Step 6: Once you have the reports, log into your KoinX account.
Step 7: Click on the Integration tab in the sidebar, then click on Add Integration.
Step 8: Locate Mudrex exchange using the search bar or scrolling.
Step 9: Upload your downloaded Transaction Statement under the Upload Data and click Submit to complete the integration process.
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
What Is the Tax on Mudrex?
Profits earned from trading or selling crypto on Mudrex are taxed at a flat rate of 30% without any deductions except for the cost of acquisition. Additionally, a 1% TDS is applicable on transactions exceeding ₹10,000 or ₹50,000, depending on the taxpayer category, as per Indian tax regulations.
Is Mudrex Registered With SEBI?
Mudrex is not registered with SEBI, but it operates under RPFAS Technologies Private Limited. The platform is registered with the Financial Intelligence Unit (FIU) of India, ensuring that it complies with the country’s financial laws and reporting obligations as required by regulatory authorities.
Is Mudrex Safe in India?
Yes, Mudrex is considered a secure crypto investment platform in India. It stores user assets in insured wallets and implements bank-grade security, including two-factor authentication (2FA). These protective measures ensure the safety of your digital assets and personal data while trading on the platform.
Can You Withdraw From Mudrex?
Yes, Mudrex allows users to withdraw funds to linked and verified bank accounts or crypto wallets. For any exceptional withdrawal requests beyond preset limits, users can contact Mudrex customer support to make special arrangements and ensure the smooth processing of emergency transactions.
Can I Buy USDT on Mudrex?
Yes, Mudrex users can buy Tether USDt (USDT) using Indian Rupees (INR). The platform enables the purchase of USDT and other cryptocurrencies directly with INR, making it easy for Indian users to invest in stablecoins and diversify their digital asset portfolios.
