Preparing Your BTC Market Taxes
Summ has integrated Bittrex into our platform to help users easily calculate their cryptocurrency tax obligations. Users can upload via an API or CSV import following the instructions in this guide.
Summ Introduction
As the first step in your crypto tax process, you will need to upload all your transactions to Summ. For BTC Markets there are two ways to do so, through an API upload or through a CSV history file upload. Either will work and allow Summ to calculate your crypto taxes and specifically your BTC Markets tax obligation.
Using an API
The easiest way to transfer data is to generate an API key and share the details with Summ.
- Login to BTC Markets
- Navigate to Account > API Key
- Click the ‘Add new API key’ button
- Add a name to the API key (optional)
- Make sure READ ONLY is selected on all options
- Click the ‘Submit’ button
- Copy/make a note of the Private (Secret) API Key from the pop-up and click ‘Okay’
- Click the ‘Copy Public API Key’ button or make a note of the Public API Key
- Copy both the Public Key and the Secret Key and paste them into Summ
Using a CSV upload
The alternative to using an API is downloading your transaction data from BTC Markets and uploading the files to Summ.
For Trading Data:
- Login to BTC Markets and Navigate to Buy/Sell > Trade History
- Click on 'Export to CSV' (This should download as 'AccountTradingReport_XXX.csv')
- Upload the CSV file here Summ
For Deposits & Withdrawals:
- Login to BTC Markets and Navigate to Account > Transaction History
- Make sure Currency is 'ALL' and click on 'Export to CSV' (This should download as 'TransactionReport_XXX.csv').
- Upload the CSV file here to Summ
Wrapping Up
Once you have uploaded all your crypto data Summ can calculate your portfolio breakdown and crypto tax obligation. If for some reason you can’t upload your transactions you can add them individually on the review transactions page.