What is the difference between Synced and Manual Integrations?

Synced Integrations

  • Exchange Integrations fetch data from exchanges mostly via API key.

    For integrations that are connected to an exchange via API, you only have to enter your API key and the matching secret to automate your data import.

     

  • Wallet Integrations fetch data from the blockchain using a public key.

    The base layer of a Wallet Integration is always a blockchain like Bitcoin, Ethereum, BNB Smart Chain or others. By entering the public key of your Blockchain-Wallets or Multi-Wallet product like MetaMask, Ledger, Trezor, Exodus, etc. your transactions will be imported automatically.

You can find detailed descriptions of the import scopes of every single Exchange- and Wallet Integrations directly in our help center.

Transactions can also be created manually in Exchange and Wallet Integrations, or uploaded collectively via an Excel Template.

 

Manual Integrations

In Manual Integrations, you have to enter and edit all data yourself.

New transactions can be added either individually or collectively via Excel tempalte. When creating transactions directly in the WebApp, please note to use your set local time and for Excel imported transactions the exchange time UTC.

 

 

How does the calculation of the asset balance differ between Synced and Manual Integrations?

What is the difference between Synced Balance and Calculated Balance?

The asset balance of your Exchange or Wallet Integration is taken directly from the exchange or wallet and is therefore referred to as a so-called Synced Balance or simply Balance.

In contrast, the asset balance of your tax report or the one in the Tax Optimization Feature is exclusively calculated on the basis of your transactions and therefore referred to as so-called Calculated Balance.

Synced vs Calculated Balance.png


In Manual Integrations, asset balances are also displayed and calculated exclusively on the basis of your transactions, as there is no API or public key dependency. This also means that in Manual Integrations, the Synced Balance always equals the Calculated Balance and will therefor simply be referred to simply as Balance.

Please also note that Mismatched Balances between Synced and Calculated Balance can only happen in Exchange or Wallet Integrations but not in Manual Integrations, as the Synced and Calculated Balance are always the same. If this is not the case and Mismatched Balance Issues are shown, you should contact our support-team to identify potential bugs.

 

> More information about the Blockpit dashboard in full detail

> More information on how to solve Missmatched Balance issues and reconcile balances

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