There are two types of automatic Depots:
- Exchange Depots, which fetch data from Exchanges via API key
For Depots that are connected to an exchange via API, you only have to enter your API key and the matching secret one time to receive your transactions fully automated.
- Wallet Depots, which fetch data from the blockchain using a public key
Wallet Depots are created via public key and import transactions directly from the blockchain into your Depot. Depending on the wallet (MetaMask, Ledger, Trezor, Exodus, ...) or blockchain (Bitcoin, Ethereum, Litecoin, Dogecoin, ...), different public keys can be used.
On both Exchange and Wallet Depots, trades and balances are automatically read and synchronized directly from the source without you having to do anything. Transactions and balances are normally updated every few hours, price feeds every 7 minutes.
Tip: Transactions can also be created manually individually in Exchange and Wallet Depots or uploaded collectively via an Excel Template.
Manual Unsynced Depots
In manual Unsynced Depots, you have to enter and edit all data yourself.
New Transactions can be added either individually or collectively via CSV or Excel import. When creating transactions directly in the WebApp, please note to use your set local time and for CSV/Excel imported transactions the exchange time UTC.
In Unsynced Portfolios, asset balances are displayed and calculated exclusively on the basis of your transactions.
What should I bear in mind for Automatic Depots?
Please note that the asset balance of your Exchange or Wallet Depot is not calculated on the basis of your transactions, but all displayed asset quantities are taken directly from the exchange or wallet. In contrast, the asset balance of your tax report or the one in the Unrealized Gains feature is exclusively calculated on the basis of your transactions.
Tip: A comparison of your Exchange and Wallet Depot balances with those of the Unrealized Gains feature is, in addition to the warning and error display implemented in Blockpit, a useful tool to detect possible deviations in your transaction history.