Connect WazirX with Binocs

Use Binocs to make your WazirX tax reporting easy. It imports your data and helps you create the right tax forms to submit.

WazirX is a cryptocurrency exchange based in India that was founded in 2018. The platform was created to make it easy for people in India to buy, sell, and trade cryptocurrencies. WazirX has since become one of India's largest and most popular cryptocurrency exchanges, offering a wide range of cryptocurrencies for trading and a user-friendly interface for both new and experienced traders.

With its strong focus on security and compliance, WazirX has earned a reputation for being a reliable and trustworthy platform for Indian cryptocurrency enthusiasts. No matter your portfolio, let Binocs take the stress out of calculating your WazirX taxes. Stay on top of your finances with ease. 

How are transactions in WazirX taxed?

Your WazirX transactions are subject to two types of taxes:

1. TDS (Tax Deducted at Source) of 1% for transactions over Rs. 50,000 in a year
2. A 30% flat tax on all profits from selling, swapping, or mining cryptocurrency

Stay informed with our India Crypto Tax Guide.

Does WazirX provide tax documents?

No, WazirX does not issue tax documents. You can find TDS information in your order details or Trading Report. To calculate your crypto taxes, you can use your WazirX transaction history and do the calculations yourself or utilize a crypto tax calculator.

How to get your WazirX tax report with Binocs?

Simplify your tax process with WazirX and Binocs. Connect WazirX to Binocs by uploading your transaction history via a CSV file. Binocs will quickly calculate your taxes, generate a comprehensive report, and have you ready to file with the ITD in no time. Enjoy a stress-free tax season with the ultimate Crypto tax tool. 

How to connect Wazirx to Binocs?

To Connect Wazirx in Binocs, you require an API key or CSV.

How to connect Wazirx to Binocs via API?

To Connect with Wazirx, 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 Wazirx?

Note -
1. API keys are for read-only access.
2.Supported transaction types for this API connection are:(Withdrawals, All Trades)

STEP 1: Log in to your Wazirx account using your login credentials.

STEP 2: It will navigate to the dashboard page.

STEP 3: Click on the "profile icon" located at the top right corner of the page, and select "Account Settings" from the dropdown menu.

STEP 4: From the Account Settings page, select "API Key Manager",using the link https://alpha-web.wazirx.com/settings/keys.

STEP 5: Next, choose "Create New Key".

STEP 6: Enter your API key name (e.g., Binocs API) and click "Continue".

STEP 7: Complete the 2FA by entering the code sent to your registered mobile number in the designated box and clicking "Authenticate".

STEP 8: Enter the email verification code sent to your registered email in the designated box and click "Authenticate".

STEP 9: Once the security verification is complete, click on “Continue”. You will be presented with your “API and “Secret Key”.

STEP 10: Copy both the API and Secret Keys and paste them in the Binocs Application.

STEP 11: Store the keys in a separate file that you can refer to in case you need them again.

Note that, you should not use the same pair of key and secret keys anywhere else as it may result in API errors in the application.
 

How to connect WazirX to Binocs with CSV file?

Before uploading it to Binocs, you must first download a CSV/XLSX file from WazirX containing your complete trade history. The CSV/XLSX file is used to read your account history to generate portfolio and compute taxes, only.

Note -
1. Please upload all CSVs for current and past years.

2. Only upload Wazirx CSVs in the format given below. 

3. In case there are multiple CSVs for the same account (same account label), then add all of them with the same label. 

4. Please ensure that for incremental transactions, data is added only after the last transaction date and with the same account label.

5. Supported transaction types are: 

• ExchangeTrades
• P2P Trades
• OTC Trades
• Deposit and Withdrawals
• Additional Transfers
• STF Trades
• WazirX Binance Transfers
   

How to download and export your transaction history CSV file from Wazirx?
 

STEP 1: Log in to your Wazirx account using your login credentials. It will navigate to the dashboard page.

STEP 2: Click on the "profile icon" located at the top right corner of the page, and select "Account Settings" from the dropdown menu.

STEP 3: From the Account Settings page, select "Download Reports" using the link https://alpha-web.wazirx.com/settings/reports

STEP 4: Next, choose "Trade Reports" from the available options.

STEP 5: Select the date range for which you want to generate the CSV report. You can choose a custom date range or the entire financial year.

STEP 6: Select the option to include all trades in the report by checking all applicable boxes under the "The Report will Include" section. This ensures that the report will include all relevant information regarding your trades during the selected time period.

STEP 7: Click on the "Request Trading Report" button.

STEP 8: The report will be generated and sent to your authorised email address.

STEP 9: Open your email and download the CSV file from Wazirx.

STEP 10: Your csv will look like this ,when you open the Wazirx csv.

STEP 11: Save the CSV file to your device for future reference.
 

Is WazirX obligated to report to the ITD?

Yes, WazirX is obligated, like all Indian crypto exchanges, to report TDS to the ITD. The ITD may also request customer data to enforce tax compliance.