Connect your Kraken account to CryptoTax.be via an API key and automatically import your transactions for your Belgian crypto tax return.
How to connect Kraken to CryptoTax.be
What you need
- An account on Kraken
- An account on CryptoTax.be (see create account)
Step 1: Create an API key on Kraken
- Log in to your Kraken account.
- Click your username in the top right and choose Security.
- Go to the API tab.
- Click Generate new key.
the Kraken API page with the "Generate new key" button
Which permissions do you need
When creating the key, check the following permissions:
- Query Funds (for your balance)
- Query Ledger Entries (for your transaction history)
- Query Closed Orders & Trades (for your trading history)
Do not check any other permissions. Cryptotax does not need trading or withdrawal rights.
the permissions overview when creating the API key, with the correct permissions checked
- Give the key a recognisable name, such as CryptoTax.be.
- Click Generate Key. You now see your API Key and Private Key. Copy both to a safe place.
Note: the Private Key (API Secret) is shown only once. Copy it immediately.
the generated API Key and Private Key
Step 2: Enter the key in CryptoTax.be
- Log in to CryptoTax.be and go to Exchanges.
- Click Kraken.
- Paste your API Key into the API Key field.
- Paste your Private Key into the API Secret field.
- Click Connect.
the entry form on CryptoTax.be for Kraken
Step 3: Check synchronisation
After connecting, CryptoTax.be automatically starts fetching your transactions. This may take a few minutes if you have a long history. You can see the progress via the status bar.
the synchronisation status for Kraken
Important notes
- The Kraken API can sometimes not return the complete history. If you are missing transactions from before 2018, consider a CSV export as a supplement.
- Make sure your API key does not expire. Kraken lets you set an expiry date; choose No expiry for a permanent connection.
- If you have two-factor authentication set up on Kraken, this has no effect on the API connection.
Troubleshooting
- Error "Invalid key": Check that you have not swapped the API Key and the Private Key.
- Incomplete transactions: Export a CSV from Kraken and import it as a supplement via CSV import.
- Connection broken after some time: Your API key may have expired. Create a new one on Kraken.
