Bitstamp is a cryptocurrency exchange that offers a professional trading experience with many advanced tools and staking. Our Cryptiony integration makes calculating your Bitstamp crypto taxes effortless.
This guide will show you the steps to integrate Bitstamp with Cryptiony.
Bitstamp is a cryptocurrency exchange founded in 2011 as a way for people to trade Bitcoin. It has now developed into a high-spec trading platform everybody uses, from retail to institutional investors.
To import your transactions via an API, first, you need to generate API keys on Bitstamp and input them into the Cryptiony platform. Here is how:
Generate your Bitstamp API keys
Log in to Bitstamp.
From the Bitstamp dashboard, click the user icon, then settings.
Select the API access tab and then click create new API key.
Complete the 2FA.
Save your API key and API secret for the Cryptiony integration.
Import your transactions
Sign up for Cryptiony.
From the Cryptiony dashboard, click transactions, then add transactions.
Select Bitstamp, the integrate with the exchange API.
Input your Bitstamp API keys into Cryptiony and click integrate.
Then you can either import transactions from another exchange or head over to the taxes section to generate a report.
Although we recommend the API method, sometimes it is better to export a CSV from Bitstamp and upload it to Cryptiony. Here are the steps to do so.
How to download Bitstamp Transactions
Log into your Bitstamp account.
Click the user icon, then the transaction history tab.
Next, select open export options, then export all.
How to upload Bitstamp transactions to Cryptiony
Log in to Cryptiony.
From the dashboard, select transactions, then add transactions.
Click integrate the exchange on the top right of the screen.
Select Bitstamp, then import the transaction file.
Select your Cryptiony transactions CSV files and hit import.
Bitstamp referrals are not supported via the API. Instead, you will need to use a CSV to import referral earnings to Cryptiony.
Bitstamp is not regulated by the Financial Conduct Authority, although it is relatively compliant by maintaining KYC, AML and counter-terrorism checks. The company has a UK office, so they likely cooperate with UK authorities when requested to.
Bitstamp has not explicitly stated they report to HMRC; however, as the exchange has a UK office, it is very likely they are cooperative and have had contact with HMRC in the past.
You can withdraw money on Bitstamp in your local currency to your bank, or you can withdraw it to your blockchain wallet. If you withdraw to your blockchain wallet, Cryptiony has API integrations for those too!
Taker fees for trading on Bitstamp are between 0.00% and 0.40%. On the other hand, maker fees are between 0.00% and 0.30%. Check out our blog post on how the crypto market works to learn more about makers and takers.