Wherever ACCOINTING.com supports both the API / blockchain and a csv import, we always recommend using the API / blockchain connection rather than a csv file. Many users have privacy concerns, but we have no KYC or sensitive information and only gather read-only data. Your tax reports never have any personal information nor do we have any edit access over any data.
The benefits of connecting via a blockchain / API are:
- Automatic updates of data without the need to constantly download and upload new files
- Avoids user error at forgetting to download transactions in a given period of time
- Avoids risk of improper mapping of CSV files
- Full history of data is automated and can be easily verified via 3rd party data - if the tax authorities audit a taxpayer, direct data from the blockchain / exchanges would be provide better audit evidence as there is less risk of user modification / error
Click here for a Summary of Wallet/Exchanges Accointing connects to and how to connect to them.
Click here to learn how to use Accointing's template to import transactions