Hi there 👋
This tutorial shows you how to label your trades made via trading robot.
Waltio allows you to easily declare your cryptocurrencies by calculating your realized capital gains or losses and thus deduct your tax amount.
💡 Some types of trading robots allow you to trade Forex using cryptos. Waltio does not support Forex related taxation, but we can provide support for crypto trading related to your Forex earnings.
Here is a simple example:
You deposit 3,000 EUR on Binance, which you then exchange for 3,000 USDT.
You withdraw the 3,000 USDT from Binance and deposit it on a Forex trading robot.
--> It will be necessary to label the withdrawal operation as an “Other Withdrawal” on Waltio and to create a deposit transaction if it is not present.
You generate a profit of 1,000 USDT by using the robot.
--> It will be necessary to create a deposit transaction to be labeled as “Other gain” on Waltio in case this earning is not present.
You withdraw 4,000 USDT from your robot and deposit it on Binance.
--> It will be necessary to label the withdrawal as an “Other gain” on Waltio.
If you have any other questions, do not hesitate to contact us via the chat just at the bottom right of your screen! 💬
The Waltio team