After entering all your data into the system, go to the “My Transactions” screen to confirm their accuracy and complete missing data if needed.
To view the complete history of a transaction, click on it.
The system extracts the appropriate data from the blockchain and automatically identifies addresses that belong to you as “My Wallet”, those that belong to a third-party as “3rd Party“. The system will also identify the addresses from which deposits and withdrawals have been made and associate them accordingly as belonging to “My Exchange“.
If you upload your data in its entirety, the system will automatically detect activity that has occurred between your wallets and exchanges, as well as internal transactions between My Exchanges. Each transaction has four classification options:
Non-exchange – Does not involve any of My Exchanges
Deposit – Deposit to My Exchange
Withdrawal – Withdrawal from My Exchange
Exchange to Exchange – Internal transaction between My Exchanges
Bittax Flagging System
If the system detects any inconsistencies, an alert will be presented requesting a review of the transaction. The system has four types of alerts – – that indicate which transactions need to be reviewed or triaged for missing information:
MISSING EXCHANGE INFO – A transaction was classified as a deposit or withdrawal from an exchange on the blockchain, but did not connect to a supporting .csv file. Please click the “MISSING EXCHANGE INFO” alert anselect the relevant file that specifies the transaction.
MISSING BLOCKCHAIN INFO – A CSV file specifies deposits or withdrawals that do not connect to any of your transactions on the blockchain. if you deposit or withdraw to/from your personal wallet, please add the address in the “Add New Items/Txids” screen, and make sure it connected at “My Transactions” screen. If you did not specify an address to be associated with this deposit/withdrawal, we will treat it as a buy/sell.
CLASSIFICATION MISMATCH – Transaction classification does not match some input and/or output classification.
Please check the following options:
1. Address label needs to be changed:
If the transaction classification is correct please change the label of the appropriate address(es) to “My wallet”, “My Exchange” or ”3rd party”.
2. Transaction classification need to be changed:
If the addresses are labeled correctly, please change the transaction label to “Non-exchange”, ”Deposit”, ”Withdrawal”, or ”Exchange to Exchange” according to the transaction.
CHANGE ADDRESS MUST BE MARKED – UTXO based cryptocurrencies transactions usually include change that returns to the wallet. In most cases the change will return to a new address within the sending wallet, therefore, it is important to distinguish between change addresses that should be marked as “My Wallet” and recipient’s addresses that should be marked as “3rd Party”.
SUCCESSFUL CONNECTION – This alert will appear when a deposit, withdrawal, or exchange to exchange transaction specified on the blockchain was successfully connected to the supporting data from an exchange.
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