Bybit launched the Tax API Reporting Tool to help Bybit users easily track their crypto transactions so that they can comply with regulatory reporting guidelines.
Disclaimer: Bybit is not responsible for ensuring the quality or accuracy of products or services provided by our tax partners. Bybit expressly disclaims any liabilities that may arise from products or services provided by our tax partners to Bybit users. Bybit users agree to engage our tax partners at their own risk.
Here is a step-by-step guide on how to use the Tax API service on Bybit. Currently, the service is only available on our website.
Step 1: Login to your Bybit account and head to the footer of the page. Click on Tax API to head to the Tax API Page under Services.
Step 2: Click on Create Tax API to generate your own API Key and API Secret Key.
Step 3: Enter the API Key name and complete the API Settings Authentication. Please note that Google Authentication is compulsory to create an API Key. For more information, please click here.
You have successfully created your Tax API Key! Please note that the API Key will expire after three months and you can create a new API Key.
For the safety of your assets, please note that your API Secret Key will only appear once upon creation, and will be hidden afterward. Please copy and paste it somewhere safe so that you don't lose it, otherwise, you'll have to restart the entire process.
Step 4: Select the third-party tax vendor you wish to integrate and head to their platform.
Take Koinly as an example.
3) Select Setup auto-sync.
4) Paste the Bybit API Key into the API Key Box and the Bybit API Secret Key into the API Secret Box. Click on Secure Import.
Done! The API keys will download your Bybit transaction history automatically and keep your data in sync. Your tax form will be ready soon.
For more information, please refer to FAQ — Tax API.