Okay... tracking crypto for tax stuff is a right pain in the arse... The onchain stuff is a bit annoying, but at least there is very little pretense that everything is normalised there at the moment... and everything is easily viewable on the blockchain explorers if you have the time and patience to read them... or if not, there are developers that develop the various tracking software that are in the business of reading them.

Anyway, the more painful part of things tend to the CEXs!!! Now, you would think that dealing with a centralised entity would make things much easier... seeing as they hold ALL the bloody history of your account. But no... they have non standard ways of doing things that probably make some sort internal sense... but from the outside it makes for weird arbitrary limitations on lengths of queries and what is actually reported to you!

I have found that most of them are really annoying, but at least Coinbase and Binance tend to be easy. But the worst offender that I have had to deal with has been KuCoin! Now, no gripe about the exchange itself... but the history exports are a right pain in the arse, and the APIs are also pretty damn annoying.

The way that they segregate various accounts and don't really reconcile them properly means that you will have weird mis-reporting and artifacts... if you are lucky... and then completely missing other parts.

Today, I was just poking around trying to figure out why it wasn't reporting my SUI balances correctly... and it turns out that I had been receiving a distribution from a Spotlight sale into my funding account... but it was being reported as bonus rewards... so, it was omitted from the actual funding account history that I had exported in the last couple of years!

ARRRGHGHGHG... and this isn't the first time. In a first year of dealing with their exports, I had lots of dust interest that was being reported as income on the complete principal along with the dust interest... at several times a day for the whole year... making for a stupidly huge income when it was only supposed to be the tiny interest that was being reported. Sigh... that was a long process of pruning that import! And it was my first lesson in vetting the imports in a seperate Cointracking account before merging into my main account.

Oh well... now that I know... I won't make that mistake again... or more likely, I will do the same mistake in a year's time when it is tax time... and I forget about the jankiness of everything!

Handy Crypto Tools

Ledger Nano S/X: Keep your crypto safe and offline with the leading hardware wallet provider. Not your keys, not your crypto!
Coinbase Wallet: Multi chain wallet with lots of opportunities to Learn and Earn!
Binance: My first choice of centralised exchange, featuring a wide variety of crypto and savings products.
WooX: The centralised version of WooFi. Stake WOO for fee-free trades and free withdrawals! This link also gives you back 25% of the commission.
GMX.io: Decentralised perpetual futures trading on Arbitrum!
Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
Cointracking: Automated or manual tracking of crypto for accounting and taxation reports.
KuCoin: I still use this exchange to take part in the Spotlight and Burning Drop launches.
MEXC: Accepts HIVE, and trades in most poopcoins! Join the casino!
ByBit: Leverage and spot trading, next Binance?
OkX: Again, another Binance contender?