How to Create API in Kraken?

Creating aKraken APIkey is simple. Follow this step-by-step guide to generate API effortlessly:

Here are the steps to create an API key on Kraken:

1. Visit Kraken.com and log in to your Kraken account using your credentials.

2. Go to the Profile section of your account and Select the Security from the drop-down menu.

3. Go to API section and click on the Create API key button.

4. You will be redirected to Kraken Pro. Click on Create API Key.

5. Name your API key and select the following permissions: Query, Deposit, Withdraw, Query Closed Orders & Trades, Query Ledger Entries, and Export Data. Then, click on Generate Key.

6. Your API key will be generated. Please copy and save it securely, as you will only be able to view it once.

How Cryptocurrency Tax Software Helps You Calculate Your Kraken Taxes?

1. Automatic Data Sync with Kraken API: When you connect Catax to your Kraken account, it automatically pulls all your trading data. This means you don’t have to enter each transaction manually, saving time and reducing errors.
   
2. Accurate Tracking of Your Crypto Costs: Catax collects your purchase price details from Kraken to calculate your capital gains. It compares the price you bought crypto at with the price you sold it for, ensuring accurate tax calculations.
   
3. Real-Time Market Value Updates: Catax fetches live market data from Kraken, helping you track your crypto’s current value. This makes it easier to make smart investment decisions and plan your taxes in advance.
   
4. Tax-Ready Reports for Easy Filing: Catax organizes your Kraken transaction history into tax reports that follow Indian tax laws. When it’s time to file your taxes, all your data is ready, making the process simple and hassle-free.

How to Use Your Kraken API Key and Secret Key Securely

1. Keep Your API Keys Safe: Your Kraken API Key and Secret Key are private. Store them securely in a password manager or write them down in a safe place.
   
2. Connect Your Kraken Account to Catax: Log in to Catax, go to the exchange connection section, and enter your Kraken API details to set up a secure link.
   
3. 3. Let Catax Handle Your Taxes Automatically: Once connected, Catax will fetch your transaction history, calculate your crypto taxes following Indian tax laws, and keep everything organized. This ensures accuracy and compliance, so you can focus on your investments stress-free.

Once linked, Catax will automatically fetch your transaction history and calculate your crypto taxes based on Indian tax laws. This ensures accuracy and compliance while allowing you to focus on your investments.

How to Calculate Your Kraken Taxes?

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