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"Use Binocs to make your Gemini tax reporting easy. It imports your data and helps you create the right tax forms to submit."
Gemini is a leading cryptocurrency exchange that offers users a secure and reliable platform to buy, sell, and store various digital assets. Founded in 2014 by Tyler and Cameron Winklevoss, Gemini has quickly become a popular choice among cryptocurrency enthusiasts and investors. As of September 2021, Gemini had over 30 million users and supported trading in more than 40 cryptocurrencies.
Gemini's founders, who are well-known for their early involvement in the development of Facebook, have brought their expertise in technology and finance to create a platform that is not only easy to use but also puts a strong emphasis on security and compliance.
Whether you are a seasoned trader or new to the world of cryptocurrency, Gemini provides a user-friendly interface and a range of tools to help you make informed investment decisions.
No, Gemini does not issue tax documents. You can find transaction history or trading Reports. To calculate your crypto taxes, you can use your Gemini transaction history and do the calculations yourself or utilize a crypto tax calculator.
Simplify your tax process with Gemini and Binocs. Connect Gemini 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 Gemini in Binocs, you require an API key or CSV file.
How to connect Gemini to Binocs Via API?
To Connect with Gemini, you require a pair of keys - an API key and a secret key. These keys allow our system to read your account history to generate portfolio and compute taxes.
How to create an API key and Secret Key in Gemini?
Before you create the API key and secret, please take note of the below points:
1. API keys are for read-only access.
2. Supported transaction types for this API connection are: Transfers, All Trades
STEP 1: Log in to your Gemini account.
STEP 2: Click on the "Account" icon located in the top right corner of the page. From the dropdown menu, select “Settings.”
STEP 3: Scroll down the left side of the settings page until you find the "API" section. Click on it.
STEP 4: From the API section, click on the "Create API Key" button.
STEP 5: Complete the two-factor authentication code .
STEP 6: Select the scope of the API key as "Primary" and click on “Next.”
STEP 7: You will now be presented with an API key and a Secret Key. Copy both of these keys and save them somewhere secure.
STEP 8: Under the API key settings, select the “Auditor.”
STEP 9: Click on the checkbox for “API Secret Acknowledgement.”
STEP 10: Click on the "Create API Key" button to activate your API key and Secret Key.
STEP 11: A pop-up message will appear confirming that your API key and Secret Key have been Activated successfully.
How to import your Gemini data to Binocs via CSV file?
Before uploading it to Binocs, you must first download a CSV file from Gemini containing your complete trade history.These csv allow our system to read your account history to generate portfolio and compute taxes.
Note -
1. Please upload all CSVs for current and past years.
2. Only upload Gemini CSVs for this exchange.
3. Please ensure that for incremental transactions, data is added only after the last transaction date and with the same account label.
4. Supported transaction types for Gemini are: Buy, Sell, Credit, Debit
STEP 1: Log in to your Gemini account.
STEP 2: Click on the "Portfolio" button located in the top left corner of the page.
STEP 3: Under the "Quick Links" section, click on “Transaction History.”
STEP 4: On the portfolio page, click on the ellipsis symbol (three dots) and select “Download History.”
STEP 5: In the "Transaction History" section, select "Exchange Transaction History" to access your trading history.
STEP 6: Choose the time range for which you want to download your CSV file.
STEP 7: Click on "Download XLSX" to initiate the download of your transaction history in CSV format.
STEP 8: Your CSV file will be downloaded.
STEP 9: Your CSV will look like this, when you open the Gemini CSV.
STEP 10: Save all the downloaded CSV files to your device for future reference.
NOTE - There is no restriction for downloading CSV. You can choose any date or year. There is only one type of account statement to download CSV, no other type.
No credit card required