Bitvavo X Blockpit
Calculate crypto taxes for your entire portfolio with Blockpit. Their mission is to provide everyone with a simple tool to do their taxes and have the utmost confidence that they are doing it right.
From your Bitvavo transaction history, you can click ['tax report via Blockpit'].
As a Bitvavo customer, you get a discount of 35% on your first tax report by registering at Blockpit via this link. These tax reports are tailored to the UK tax system and you can track all your digital assets in one dashboard, including your activities on other exchanges and wallets.
Which Bitvavo transaction data will be imported automatically into Blockpit?
Blockpit categorises your Bitvavo transaction data by UK gains, losses, and income types. These will then be calculated according to UK tax law.
Therefore, Blockpit can automatically differentiate between the following Bitvavo products:
Assets:
Fiat (GBP)Crypto (Coins & Tokens)
Transactions:Deposits & WithdrawalsFee PaymentsSpot Market Trades
Assets: Fiat (GBP, USD, CHF, etc.)NFTs (NFT Collections)Commodities (Gold, Silver, etc.)Derivatives (Tokenised Stocks, Tokenised Commodities, etc.)
What does a sample Bitvavo tax report look like?
Blockpit creates tax reports with pre-filled tax forms for HMRC in PDF format. The tax reports also contain clear explanations in terms of legal interpretation for submission to HMRC.
The report provides information about all your balances, realised profits and losses and can be used as proof of origin with banks or tax advisers. It contains all relevant transactions of your account, always refers to the selected tax year, and shows details such as time stamp, amount, asset, costs, and fees of the individual transactions.
You can view some of our country-specific tax reports here: Blockpit sample tax reports
How to import your Bitvavo transaction data into Blockpit?
Blockpit uses highly sophisticated API integrations to interpret your Bitvavo transaction data and enable the import of multiple Bitvavo products in a fully automated way. This guide will walk you through the first steps to integrate your Bitvavo Exchange data into the Blockpit web app.
Step 1: Log in to your Blockpit account
Visit the Blockpit website and log into your Blockpit account. If you do not have an account yet, please sign up first.
Step 2: Select 'Create New'
Once you have logged in, click on 'Create New' followed by 'Add Depot' in the navigation.
Step 3: Select 'Bitvavo' from the list of exchanges
In the now visible depot creation dialogue, select 'Bitvavo' from the list of exchanges.
Step 4: Wait for the data import to finish
Depending on the data load, the automated import can take between several minutes and up to several hours.
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