Guide: First steps with Blockpit

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

Step 1: Create a depot

1. Click on the menu item Depot.
2. To be able to enter your data, you first have to create a Depot. Click on the button Add depot. 

Step 2: Import Transactions

This will open a window where you can choose between Exchange, Wallet and Unsynchronized (manual import).

• Exchange
  
  
  
  1. Select Exchange if you want to import data using API.
  2. Click on the desired Exchange in the list. To import data into you need your API key and the secret from your exchange account (Here you find instructions on how to import your API key from Bitpanda, Binance, Kraken,...). Follow the instructions in the Blockpit software tool to get your API key and secret. After you have retrieved the API key and secret, copy them into the input fields to create your new portfolio.
  3. Name your new Depot by filling in the appropriate input field.
  4. Finally, click Create to save your new API repository. 
  5. If you can't find the desired exchange in the list, automatic import is not yet available for this exchange. Please select Unsynced to enter transactions manually.
     
     
• Wallet
  
  
  1. Wallets can be inserted using a Smart Contract Address.
  2. Click on the appropriate coin displayed.
  3. Enter a depot name and a wallet address.
  4. For confirmation please click on the button Create.
     
     
• Unsynced
  
  
  
  1. Unsynced means an unsynchronized / manual Depot / CSV Depot.
  2. Enter a name for the new Depot in the input field and click on Create Depot.
  3. Now you can add transactions to the portfolio.
  4. Here you will find instructions on how to add the respective transaction types to a Depot.
  5. Here you will find instructions on how to add transactions to a Depot using a CSV file. 

Step 3: Check/link transactions

After uploading your transactions, you should link deposits and withdrawals between your accounts. Classify unlinked deposits and withdrawals correctly (e.g. an unlinked deposit could be an airdrop or mining reward, an unlinked withdrawal could be a direct payment with crypto). You can use automatic or manual linking. Click on the menu item Transactions. In the right corner, you can see if there are any errors or gaps and you can link transactions.

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. In the upper right corner, there is a hint Unlinked found. This hint appears if there are unlinked transactions under the trades.
3. To fix them, click on the Solve 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 chain symbol (which is located on the far left of each transaction).
6. By clicking on the button Link Transaction/s automatically 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. In the dropdown select Unlinked only to show all unlinked transactions.
3. Select the transaction you want to link to a portfolio 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 7 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.

Complete any missing data to the best of your belief.

Congratulations! You have set up Blockpit and gained access to your tax reports. In order to be able to trade in the future in a tax-optimized way, keep an eye on your realized and open profits as well as the holding periods of your assets!

Related articles:

• Create a depot
• Rename a depot
• Update a depot
• Delete a depot
• View transactions of the depot
• Remove transactions from a depot
• How to create an API Depot?
• How to create an unsynced or manual Depot?
• How do I import a wallet?

More information about API & CSV import can be found in the Help Center area:  "API Keys & Depots".

More information about Transactions can be found in the Help Center area: "Transactions".