Connect Binance
Binance, in the same book as your salary.
A read only key, and your trades, deposits and withdrawals arrive as transactions next to the rent, with a cost basis kept.
Read only, and refused if the key can trade or withdraw. How we check that is below.
What lands in the book
Not a balance. The movements behind it.
A tracker shows today's value. That number answers nothing in January.
- →Spot fills arrive as a pair of legs, what left and what arrived, so a sale has a real price and not a guess
- →Fees arrive as their own line, in the currency they were charged in
- →Deposits and withdrawals arrive as transfers, and when the other side is a wallet you also connected, the two are joined into one move
- →The first sync reaches back to 1 January of the previous calendar year, which covers this tax year and the one before it
- →After that it keeps up hourly
The key you give us
We ask Binance what your key can do, and refuse it if the answer is wrong.
Promising read only is easy. This is what we do instead of promising.
| Before the connection existsNot after | The key is tried against Binance first. Nothing is saved until it answers |
| What we ask BinanceTheir own answer, not our guess | Binance publishes the restrictions on a key. We read them, and a key that reports the right to trade or to withdraw is rejected outright |
| If the answer is unclearThe important half | Refused. An answer without the flags we read is treated as no answer, because a venue that renamed them would otherwise pass every key as read only |
| Where the secret livesAfter it is accepted | Encrypted at rest, and never returned by our API again, not to you and not to us |
| If the key stops workingRotation and expiry | Sync stops after repeated auth failures, the space owner gets one message, and you replace the key in place |
Give the key permission to read, and nothing else. If you give it more, this page is where the connection stops.
The part that gets tax wrong
Moving your own coins is not a sale.
Most tools book it as one anyway, and the bill is real.
- →A withdrawal to your own wallet is matched to the arrival on the other side, by transaction hash where the venue gives one
- →Matched, the two legs become one internal move and no gain is calculated
- →Unmatched, it is left out of disposals rather than counted as a sale: an unknown address is more often your own wallet
Questions
The questions people ask before pasting a key.
Can Orla trade or withdraw with my Binance key?
Does it import my trade history or just the balance?
Will moving coins from Binance to my own wallet look like a sale?
Didn't find your answer? [email protected]
Read next: how crypto works in the ledger, capital gains and the tax year, what getting paid in crypto really costs.
Start
Connect Binance, and see the year add up.
Connecting an exchange is on the paid plans; the free plan holds the book, manual accounts and imports.