Automatic and manual linking of transactions

Deposits and withdrawals should be linked or processed accordingly in order to create as complete a basis as possible for calculating the actual tax burden.

If no matching transactions are found during automatic linking, the link can also be established manually.

In addition, if the deposits and withdrawals are actually of a different transaction type, the transaction can be edited directly and overwritten with the matching transaction type.

Automatic linking

 In order to be able to trace the course of transactions, deposits and withdrawals must be linked. Blockpit offers an automatic link for transactions that took place within a period of 6 hours. To do this, follow the steps below: 

1. Click on the menu item Transactions in your Blockpit account. 
2. At the top center, there is a note Link now. This note appears if there are unlinked transactions among the trades.
   
   
   
   
3. To link them, click on the Link Now button.
4. If Blockpit finds matching transactions, they get displayed in the form of a list.
5. Carefully check the proposed list. If the suggested automatic link is not correct, you can deselect the recommended link by clicking on the checkbox symbol (checkmark, which is located on the far left of each transaction).
6. By clicking on the button Create Link you complete the automatic linking.
7. If transactions have been deselected from automatic linking, we ask you to link them manually. Please read the instructions below.

Manual linking

If no matching transactions can be found, they must be linked manually, as only unique transactions are suggested for automatic linking.

1. Click on the menu item Transactions in your Blockpit account.
2. Clicking on Link Now opens a pop-up window with which the filter setup Status, Equal, Unlinked will be set in the background. Now close the window to view the list of all unlinked transactions.
3. Select the transaction you want to link to a Depot and click on New Link.
   
   
4. Now you can choose between Create Withdrawal/Deposit or Link Withdrawal/Deposit:
   
   • Create withdrawal/Deposit
     Select a Depot for your transaction. Click on the drop-down menu and confirm the allocation by clicking on the button Create transaction. (This creates a transaction with the same timestamp, amount, and currency).
     
     
   • Link withdrawal/Deposit
     If you have already added similar transactions to your Blockpit account, you will be shown a list of transactions whose timestamps are within a period of approximately 3 days. Click on the Link button to connect the transactions.
     
     
5. Done - the unlinked transaction should now be manually linked and therefore disappear from the Unlinked only list. 
   
   

Counterpart for deposit or withdrawal not found?

On the one hand, deposits and withdrawals can be understood as a related transaction pair, but if there is no matching counterpart transaction, the stand-alone transaction could also be a different transaction type.

In order to determine what happened to the corresponding asset at the time of the transaction, one should use one's own exchange or wallet transaction history to determine which transaction type actually matches.
If the corresponding transaction type was found, the transaction can be edited directly and overwritten with the matching transaction type.