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November 26, 2020

Preparing your Bibox Taxes

Summ has integrated Bibox into our platform to help users easily calculate their cryptocurrency tax obligations. Users can upload via an API following the instructions in this guide

Summ
This tax guide is regularly updated: Last Update August 31, 2021

Introduction

The first step in using Summ to calculate your Bibox and other crypto taxes is uploading your transaction data. At this stage, this can be done using an API to automatically upload data.

Using an API

On Bibox:

  1. Login to bibox.com
  2. Click on your profile icon (upper right) and navigate to the API section �IMG0�
  3. Create a new API, entering your two-factor authentication code if required
  4. Click Show under Secret
  5. Save and copy your API and Secret keys to a safe place

On Summ:

  1. Login to Summ and navigate to the import page
  2. Select Bibox from the drop-down menu �IMG1�
  3. Enter your API and Secret Key and click Import
  4. The process might take a few minutes, but in the meantime, you can continue adding other exchange data

Wrapping up

This is the first step in calculating your crypto taxes, after this Summ can use the data to calculate your complete tax obligation and portfolio breakdown. If there are any missing transactions that couldn’t be captured from the import process you can add them manually in the review transactions section.

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