Guide: First steps with Blockpit

After registering, you can start setting up your Blockpit Cryptotax account. Follow the steps explained below to ensure proper configuration.

Note: Our Help Centre helps you establish the best possible mapping of your transaction history to different depots. If you have any questions that are not answered in the help centre articles, you can always contact our support team.

Step 1: Create a depot
Step 2: Import transactions
Step 3: Check/link transactions - You're done!

Step 1: Create a depot

1. Click on the menu item Depots in the web app.

2. In order to enter your data, you must first create a Depot.
   To do so, click on the button Add Depot.

Step 2: Import Transactions

Now a screen will open where you can choose between Exchange, Wallet, and Unsynced Depot. In this article the differences between the different depot types are explained. 
Once you have decided which type of depot you would like to use, follow the instructions below:

• Exchange Depot
  
  
  
  1. Select Exchange if you want to import data using an API connection.
     Then click on the desired Exchange in the list.
     
     
     
     To import data to your new repository via API access, you will need the API key and secret from your Exchange account. Please follow the instructions in the Blockpit tool to get your key and secret (Instructions for creating API keys).
  2. After you have received the API key and the secret, copy them into the input fields to create your new depot.
  3. Name your new depot by filling in the appropriate input field.
  4. Finally, click Create to save your new Exchange Depot.
     
     
• Wallet Depot
  
  1. Select Wallet if you want to import data via public key.
     Then click on the appropriate Coin or Token in the list.
  2. Enter a depot name as well as your public wallet address (public key).
  3. Finally, click Create to save your new Wallet Depot.
     
      
     
     
• Unsynced Depot
  
  
  
  
  1. Select Unsynced (manual unsynchronized depot) if you want to import data one by one manually or using our CSV/XLS template.
  2. Enter a name for the new depot.
  3. Finally, click Create to save your new Unsynced Depot.
  4. Now you can add transactions to the account manually or using our CSV/XLS template.
     
     

Step 3: Check & link transactions

After you have uploaded your transactions, you should link deposits and withdrawals between your depots. You can use automatic or manual linking. Click on the Transactions menu item to view unlinked transactions, warnings, or errors.

Automatic & manual linking of transactions

To create your transaction history transparently, deposits and withdrawals should be linked. For transactions that have taken place within a period of 6 hours, Blockpit offers an automatic link via the Link now button.
In addition, there is the possibility of manual linking via the button +New link directly on the transaction.

Here you will find instructions on how to link transactions automatically & manually.

Fix warnings & errors

A correct calculation of your profits and losses is based on complete transaction history.
Warnings and errors help to identify possible gaps in your history. They can be caused by unconnected depots or unlinked deposits and withdrawals and should always be corrected to the best of your knowledge and belief.

Here you can find instructions on how to solve warnings and errors.

Congratulations! You have set up Blockpit and have access to your tax reports. You can now trade in a tax-optimized way, keep track of your realized and unrealized gains as well as holding periods of your assets and benefit from the continuous development and new features of our Cryptotax application.

Please subscribe to our newsletter and visit the My Account category from time to time to stay informed about news & updates.
In the other categories of our Help Center, you will also find a lot of useful information that can help you with the selection of your first licenses up to the completion of your tax return!