What is blockpit?
Blockpit is a tool that provides cryptocurrency tax calculation, optimization, reporting, and portfolio tracking. With over 400 integrations, generating a tax report is made easy. Simply connect your desired account or wallet using API keys or CSV files and download your tax report for your specific country. Blockpit ensures maximum legal compliance for multiple jurisdictions within Europe and the US.
Uphold doesn’t automatically withhold taxes for you.
If you're trading and transferring between different exchanges or wallets, Uphold would also need to calculate your acquisition costs. For accurate tax determination and declaration at the tax office, it's important to have a complete and accurate documentation of all transactions.
Connecting your Uphold account to Blockpit is a fast and easy process. This guide will help you integrate blockpit into the Uphold web app.
- Log into your Uphold account Visit the Uphold website and log into your account.
- Select “Integrations” Once you have logged in, click on “Integrations” which can be found on your menu sidebar.
- Select “Blockpit” In the appearing list of possible integrations, select Blockpit from the list.
- Select “Visit partner website” Click the link and get directly referred to our trusted partner Blockpit.
- Select “Sign up for free”.
Create your Blockpit account and start saving on your taxes today. As an Uphold user you are eligible to receive a discount which will be automatically deducted after your first purchase.
Blockpit offers advanced integrations to process your Uphold data. This guide will help you integrate your data into the Blockpit web app.
Blockpit classifies your Uphold transaction data based on country-specific gain, loss, and income categories, then computes them in alignment with your national tax regulations. As a result, Blockpit can distinguish automatically among these asset classes and Uphold transactions:
| Assets | Transactions |
|
✅ Fiat (EUR, USD, CHF, etc.) ✅ Crypto (Coins & Token) ✅ NFTs (NFT Collections) ✅ Commodities (Gold, Silver, etc.) ✅ Derivatives (Tokenized Stocks, Tokenized Commodities, etc.) |
✅ Deposits & Withdrawals ✅ Fee Payments ✅ Spot Market Trades ✅ Staking Rewards |
Blockpit seamlessly links and organizes your Uphold transaction data. Once all data is imported, the following features ensure clarity and assist in verifying data accuracy:
- Identifying unlinked transfers
- Flagging unlabeled transactions
- Highlighting mismatched balances
- Pinpointing potential issues
- Filtering of assets and transactions
- Access to help center guides
For an in-depth overview of Blockpit's review capabilities, refer to
troubleshooting.Depending on your tax residency, it is possible to realize profits and losses in order to optimize your taxes (offsetting of losses against gains & tax loss harvesting). Blockpit’s Tax Optimization Feature allows you to identify unrealized gains and losses as well as the holding period of your Uphold assets.
A more detailed description of the Blockpit Tax Optimization Feature can be found
here.Blockpit specifically supports 9 countries, based on the complexity of their tax framework. For all other countries a generic tax report can also be downloaded. For the following countries, a specialized report can be created:
- Germany
- Austria
- Switzerland
- France
- Spain
- Netherlands
- Belgium
- UK
- USA