To find the total cash (USD/CAD/EUR) value of your balances on a particular date:
- Take inventory of all your balances on that date.
- Find the prices for the cryptocurrencies you held on that date.
You can use the closing price on the daily charts on Kraken Terminal for this.
Please note that certain currency pairs are not available on Kraken, such as LTC/CAD or GBP/AUD. You can view the different currency pairs available on Kraken on our support article.
For certain currency pairs you may need to divide your USD balance using the EUR/USD exchange rate. For example, when converting USD to EUR you'll need to divide your USD balance using the EUR/USD daily closing price.
- Multiply each cryptocurrency balance by the relevant cash price.
- Add up the cash values.
If you are using the Kraken Pro interface you will be able to see a comprehensive view of your historical balances on the Portfolio tab. This will show you a graph of the value in your selected currency over time.
It will help to organize your work on a spreadsheet application, as shown below:
IMPORTANT: Countries differ on how cryptocurrency transactions, trades, and holdings are taxed (if at all) and how they view cryptocurrencies in general (e.g. as money, as property, as a commodity, etc). Please consult a local accountant, tax lawyer, and/or government official for advice.