Creating an Delta Exchange API or Delta API key is a simple process. Here’s a step-by-step guide to help you do it effortlessly:
- Log in to Your Delta Exchange Account using your credentials.
- Click on the profile icon in the top-right corner, then select API Keys from the dropdown menu to open the API management section.
- Enter a name for your API key, choose “Read Data Only” under Permissions, and then click the “Create API Key” button to proceed.
- Complete the security verification by entering the required OTP or following the on-screen authentication steps to confirm your identity.
- Once the verification is successful, your API Key and Secret Key will be generated. Copy and store them safely, as the Secret Key will only be shown once.
How Cryptocurrency Tax Software Helps You Calculate Your Delta Exchange Taxes
When you integrate Delta Exchange with Catax, handling your crypto taxes becomes easy and stress-free. Here’s how it works:
1. Automatic Data Sync with Delta Exchange API:
Once you connect Catax to the Delta Exchange API, it automatically imports all your trading details, saving you from the hassle of manually entering each buy or sell transaction. This automation eliminates errors, improves accuracy, and saves time, making tax calculations effortless.
2. Tracking Your Crypto Costs
Catax uses the data fetched from Delta Exchange to determine the exact price at which you bought your crypto. Why is this important? Because your tax liability depends on the difference between your buying and selling price (capital gains). With precise calculations, Catax ensures you report your taxes accurately and without errors.
3. Real-Time Market Value Updates
The Delta Exchange API provides real-time market data, helping you track your crypto’s current value. With this up-to-date information, you can make better investment decisions and plan for potential tax savings based on your holdings.
4. Tax-Ready Reports for Easy Filing
Using your transaction history from Delta Exchange, Catax generates detailed tax reports that comply with Indian tax laws. When tax season arrives, you’ll have all your transactions organized and ready, ensuring smooth and hassle-free tax filing.
With Catax and Delta Exchange working together, you can focus on trading while the software takes care of your crypto tax obligations.
How to Use Your Delta Exchange API Key and Secret Key Securely
To ensure a safe and seamless integration, follow these important security steps:
1. Keep Your API Keys Secure
Treat your Delta Exchange API key and Secret Key like your most confidential passwords. Once generated, store them securely—use a password manager for easy access or write them down and keep them in a safe place.
2. Link Your Delta Exchange Account to Catax
After securing your API keys, log in to Catax and navigate to the exchange connection section. Enter your Delta Exchange API key and Secret Key to establish a secure link between your Delta Exchange trading account and Catax.
3. Let Catax Handle Your Taxes Automatically
Once your account is linked, Catax automatically imports your transaction history and calculates your crypto taxes based on Indian tax laws. This means you can focus on trading while Catax ensures your tax obligations are met accurately and efficiently.
By following these steps, you can keep your Delta Exchange account secure while enjoying a hassle-free crypto tax experience with Catax.