Use Binocs to make your Bybit tax reporting easy. It imports your data and helps you create the right tax forms to submit.
Bybit is a popular cryptocurrency derivatives exchange that has quickly established itself as a leading platform for trading digital assets. Founded in March 2018, Bybit has rapidly grown in popularity and now boasts a user base of over 2 million traders worldwide. The platform offers a range of features, including a user-friendly interface, low fees, and a wide range of trading options, making it a go-to destination for both novice and experienced traders. Bybit supports trading in multiple cryptocurrencies, including Bitcoin, Ethereum, and XRP, and offers a range of trading pairs and tools to help users optimize their trading strategies.
No, Bybit does not issue tax documents. You can find transaction history or trading Reports. To calculate your crypto taxes, you can use your Bybit transaction history and do the calculations yourself or utilize a crypto tax calculator.
Simplify your tax process with Bybit and Binocs. Connect Bybit to Binocs by importing your transaction history via API integration or uploading a CSV file. Binocs will quickly calculate your taxes, generate a comprehensive report, and have you ready to file with the Tax department. Enjoy a stress-free tax season with the ultimate crypto tax tool.
To Connect Bybit in Binocs, you require an API key.
STEP 1: Access your Bybit account and log in.
STEP 2: Click on your profile icon located in the top right-hand corner of the screen.
STEP 3: From the drop-down menu, select API.
STEP 4: Choose "create new API key".
STEP 5: And select API transaction.
STEP 6: Enter a name for your API key, such as ‘Binocs tax’, and leave the IP address box empty.
STEP 7: Under API key permissions, check all the boxes and select "read-only."
STEP 8: Click on "Submit" and complete the two-factor verification process.
STEP 9: Finally, copy both the API key and API secret for your records.
STEP 1: Visit https://app.binocs.co/login to log in or signup on to the Binocs app
STEP 2: Users can log in with their user credentials or choose the option Login with Google (Log in with google can also help you Sign up)
STEP 3: Once you sign in, the interface will direct you to > Connect my account
STEP 4: Search from the list available and select > Bybit
STEP 5: Click on the API key sync button to add the Bybit API key and secret.
No credit card required