Importing Kraken transactions for your Belgian tax return

1. The challenge with Kraken data

Kraken is one of the most popular crypto platforms among Belgian investors, but anyone who has ever tried to analyze their transactions manually knows it is a nightmare.

Kraken delivers multiple CSV files (Trades, Ledgers, Staking Rewards and more) with strange column names, separate fees and sometimes even duplicate entries.

The result? Hours of Excel work, error-prone calculations and uncertainty about what exactly is taxable.

Cryptotax solves that, fully automatically.

2. Automatic import via Cryptotax

With Cryptotax you import your entire Kraken history in just a few minutes.

• ✅ Support for manual CSV upload and API import(Your API key is stored securely encrypted, only you have access.)
• 🔍 All transaction types are recognized:
  • Purchases & sales
  • Staking rewards
  • Airdrops
  • Trading fees
  • Deposits & withdrawals
• 💶 All amounts are converted to historical EUR exchange rates at the moment of the transaction.

💡 So you no longer have to look up price data or build formulas yourself, Cryptotax does it for you.

(A mini screenshot or visual of the import step could optionally be added here.)

3. What happens next

After the import, the system automatically processes each transaction according to Belgian rules:

• 📊 Classification by type: purchase, sale, fee, income, and so on
• 🔁 FIFO method applied for capital gains
• 🎁 Staking rewards are automatically processed as miscellaneous income (diverse inkomsten)
• 📄 PDF report with:
  • Total taxable capital gain
  • Income from staking
  • Detailed transaction list

Everything in one overview, ready for your accountant.

4. Example: one year of Kraken history

"I had 430 transactions in my Kraken account.

Processing them manually used to take three hours, with Cryptotax I had my complete report in three minutes."

A realistic example: a user imported their full year history (430 transactions, including staking rewards). Within minutes they received:

• A complete tax report based on EUR FIFO
• A PDF summary per category
• A clear gain and income calculation

5. How to use it yourself

1. Create an API key in Kraken Go to Settings → API → Add Key
   • Tick only Read-only (no withdrawal rights)
   • Copy the API Key and Private Key
2. Add your key on Cryptotax Under "Wallets" → "Kraken". Your data is stored securely encrypted, only you have access.
3. Synchronize your Kraken wallets Cryptotax automatically retrieves your full history: trades, staking rewards, fees and more.
4. Review your report Within minutes you see a complete overview of your gains, losses and income.Then export the PDF report for your accountant.

6. Why this matters

The Belgian tax authorities are looking more and more closely at crypto flows. Correct reporting

• Reduces the risk of errors or penalties
• Builds credibility in case of an audit
• Gives you peace of mind

Cryptotax is made in Belgium, uses EUR FIFO and follows the Belgian interpretation of the law, no generic "international" tools, but a solution that really fits your tax return.