Overview
Bitwave supports a robust ingestion of customer data from custom applications such as exchanges and more. This capability accomplishes two goals - first, collecting customer data for cost basis and gain / loss reporting, and second, collecting commission information for on the books revenue and tax recognition purposes.
Step | Name | Description |
|---|---|---|
0 | Generate API Key | Follow the steps outlined in the API Reference to create an API |
1 | Submit Customer Transactions | There are two types of transactions you can submit from customer standpoint - a trade or a transfer. A transfer implies the movement of coins or fiat into or out of your exchange, and includes any fee information as part of that transaction. A trade is the exchange of digital assets from one individual to another, or from your exchange to a customer. |
2 | Fill in cost basis data | In order to generate gain / loss report data, we need to understand the full cost basis history for a customer. In the case where a customer moved assets onto your platform, we need to capture that data |
3 | Generate reports | The final step on a yearly basis is to generate a customer report. We do this at a particular point in time so that all data is captured. |
Customer Data APIs
Endpoint | Schema |
|---|---|
TransactionID Retrieves relevant information regarding transaction based off of a transaction ID | |
Transactions Fetches information about the transaction as well as the customer(s) involved | |
Gain/Loss Report Executes the Gain/Loss Report and returns a copy of the report | |
Reports Returns all the reports for that customer |