The Transaction Label Margin Trade is used to record leveraged trades from spot margin trading (spot market) in your integration. These are usually directly related to a borrowed margin (loan/credit) which is represented in Blockpit using the transaction label “Receive Loan” and repaid when the position is sold using the transaction label “Repay Loan.”
> Basics on Labeling and Merging of Transactions
✔ Existing Margin Trades that have already been imported and were previously displayed using the Transaction Label “Trade” do not need to be changed, as both labels have the same function. The new label is primarily intended to provide a better overview.
💡 The alternative Transaction Labels “Margin Profit/Loss/Fee” should only be used if the actual transaction chain consisting of loan, margin trade, and repayment has not already been recorded in your Blockpit account. The representation using the Transaction Labels “Receive Loan/Margin Trade/Repay Loan” is therefore always preferable, if possible.
❗ Please also note that the Labels “Derivative Profit/Loss/Fee” should be used for profits and losses from futures, options, and derivative trading.
🎓 More details on the tax implications and categorization of all transaction labels can be found in the tax results under the menu item “Reports” and in the last pages of your tax report.
How do I create a Margin Trade?
Open your Blockpit Account and click on the top menu item Transactions.
Now select + Transaction.
Enter the Date and Time of the transaction.
In case of a manually created transaction directly in the WebApp, use your local time.
If the transaction is imported via CSV/Excel, use the standard exchange time UTC.
Now select the Transaction Label Margin Trade.
Now enter the Integration, Asset and Amount. If you paid Fees, enter them with quantity and currency as well.
Tip:In the input fields for assets, you can enter the short name (BTC) or long name (Bitcoin) as a search term to narrow down the search of the displayed list. If your asset is not selectable, you can get more information here.
Finally, click Save to complete the process and display the transaction in the Integration.
🧮 Effects of manually created transactions on your integration balance
If a Margin Trade is created as a manual transaction in a Manual Integration, it will have a direct impact on the displayed asset balance of your integration.
If a Margin Trade is created as a manual transaction in an Exchange or Wallet Integration, it will not directly affect the automatically and independently imported synced asset balance of your integration, but it will affect the calculated asset balance and your tax report
How are fees considered on a Margin Trade?
Example: A Margin Trade of 10000 EURO to 0.10 BTC with 0.001 BTC fee.
Fees can be recorded either in the incoming or in the outgoing asset.
Fees, if paid in incoming or outgoing assets, will be considered as follows:
If fees are paid in the outgoing asset:
"The fee is treated as a separate outflow."
Outgoing Amount: Net transaction amount (amount excluding fees)
Fee Amount: Enter fee amount extra
If fees are paid in the incoming asset:
Case1: No additional fee on the deposit side.
Incoming Amount: Net transaction amount (amount excluding fees)
Fees Amount: Enter nothing or 0
Case2: Additional fee on the deposit side.
"If the fee is paid in the incoming currency, the input must be increased by the amount of the fee. The fee will be treated as a separate outflow."
Incoming Amount: Net transaction amount (amount excluding fees) + fee amount
Fee Amount: Enter fee amount as well