The Transaction Label Margin Fee is used to record independent outgoing fees from spot margin trading (spot market) in your integrations.
💡 The 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 Fee?
Open your Blockpit Account and click on the 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 Fee.
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.
How do manually created transactions affect my balance?
Manual Integration (CSV/Excel)
Incoming and outgoing transactions created within a manual integration directly affect the displayed asset balance of that integration.
Automatic Exchange or Blockchain Integration (API)
Incoming and outgoing transactions created manually within an automatic exchange or blockchain integration do not affect the automatically imported Synced Balance of that integration. However, they can affect the Calculated Balance and therefore influence the results shown in your tax report.
How are extra fees taken into consideration for Margin Fee?
Example: Margin Fee of 0.1 ETH with 0.0001 ETH fee.
Fees are mostly considered on the withdrawal side, but can also occur on deposits.
Fees, if paid in the outgoing asset, 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