CeX Import & Accounting

BlockPeer provides seamless integration for importing historical transactions from various centralized exchanges (CeXs) such as Binance, Coinbase, Kraken, and more. This feature enables finance teams to eliminate the manual entry of crypto transactions into the accounting system, saving time and reducing errors. With BlockPeer, businesses can securely connect to more than 15 centralized exchanges to import crypto transactions and transfer data, as well as balances, without needing to set up API keys.

Steps to Import CeX Transactions and Automate Accounting:

1. Navigate to CeX Import:

   • Go to Wallet → Centralized Exchange Import.

2. Select Centralized Exchange:

   • Choose the centralized exchange (e.g., Binance, Coinbase, Kraken, FTX, etc.) from which you want to import your historical transactions. BlockPeer currently supports over 55 exchanges.

3. Connect to the Exchange Account:

   • Follow the prompts to securely connect to the centralized exchange account. This process uses trusted and audited connectors for exchange integration, ensuring that BlockPeer never has direct access to your exchange account or sensitive credentials.

   

   • No need to generate or provide API keys; the integration is handled securely through a direct connection.

4. Import Historical Transactions:

   • Once connected, BlockPeer will pull the entire transaction history from the selected exchange. This includes all types of transactions, such as:

     • Crypto transactions (e.g., buying, selling, transfers, staking)

     • Fiat transactions (e.g., deposits, withdrawals)

     • Account balances (both crypto and fiat holdings)

5. Review Imported Transactions:

   • After the transaction data is imported, BlockPeer presents it in a human-readable format, making it easy for finance teams to review the details. This includes descriptions of each transaction (e.g., crypto purchases, sales, transfers between accounts, and more).

6. Assign Accounts & Categories:

   • BlockPeer’s intuitive accounting interface allows you to directly map imported transactions to the appropriate debit and credit accounts. This ensures that all transactions are correctly accounted for in your organization’s books.

   

   • You can also create rules for automatically tagging and categorizing similar types of transactions to streamline future imports.

7. Bulk Apply Rules:

   • For large volumes of imported transactions, you can create accounting rules and apply them in bulk. For example, you can create a rule to automatically tag all deposits from a specific exchange as "Investment Income" and map them to the correct accounting entry.

8. Automated Accounting Entries:

   • Once the transactions are reviewed and categorized, BlockPeer automatically posts the accounting entries for each transaction. This reduces the manual effort involved and ensures accuracy in your accounting records.

9. Track Balances:

   • BlockPeer also imports crypto and fiat balances from the connected exchanges. You can view your holdings in real time and incorporate these balances into your financial reports and statements.

10. Generate Reports:

    • Once the transactions are imported and accounted for, you can generate various financial reports to gain insights into your centralized exchange activities. Reports can be customized to show transaction history, balances, gains/losses, and more.

11. Supported Centralized Exchanges:

    • BlockPeer supports transaction imports from over 15 centralized exchanges, including but not limited to:

      • Binance

      • Coinbase

      • Kraken

      • Bitfinix

      • Webull

      • Bitstamp

      • KuCoin

      • Gate.io

      • ByBit

      • OKX

      • Gemini

      • Crypto.com

      • BitFlyer

      • Opensea

      • Huobi

      • OkCoin

Key Benefits:

• Seamless Exchange Integration: Directly connect to centralized exchanges without API keys or manual data entry.

• Human-readable Transaction Data: Finance teams can easily understand crypto and fiat transactions for better financial control.

• Automated Accounting: Import and account for transactions in just a few clicks.

• Supports Over 15 Major Exchanges: Access a broad range of exchanges to manage historical and ongoing transaction data.

• Time-saving: Eliminates manual data entry, significantly speeding up the accounting process.