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Why Should You Use Coinpanda?
We all love crypto, DeFi, and NFTs, but let’s face it: dealing with taxes isn’t exactly thrilling. However, almost every country in the world requires cryptocurrency holders to report their holdings and capital gains. That’s where Coinpanda comes in.
What Is Coinpanda?
Coinpanda is a cryptocurrency tax software and portfolio tracker. It simplifies and automates the process of calculating and filing crypto taxes, so you can focus on what matters most: trading and investing.
Why Choose Coinpanda?
Auto-Sync Transactions: Coinpanda supports auto-syncing transactions fromover 900+ exchanges, blockchains, and wallets. No more manual data entry!
Wide Cryptocurrency Coverage: With support forover 500,000+ cryptocurrencies, Coinpanda ensures you can track all your assets.
Portfolio Insights: Gain valuable insights into your portfolio’s performance for free.
Total Gain/Loss Calculation: Coinpanda calculates your total gain/loss, including margin and futures trading.
Global Support: Coinpanda covers65+ countries, making it suitable for an international audience.
Tax Reports: Download international tax reports and country-specific PDF reports (e.g., Australia, the UK, Canada).
Audit-Ready Reports: If you ever get audited, Coinpanda provides a complete audit-ready tax report from day one of your crypto journey.
Remember, reporting crypto taxes is essential, and Coinpanda makes it easy. Plus, it’s100% free to use most features, including importing your transaction history.
Can I avoid paying taxes on my crypto?
Avoiding taxes is both very difficult and usually not legal. In most countries, tax authorities are now tracking down people who own or have bought cryptocurrencies in the past. Some exchanges like Coinbase and Binance have also handed over user data to several tax agencies worldwide.
Do I need to pay taxes on staking rewards?
In most cases, staking rewards are considered income from a tax perspective. You should report the fair market value at the time of receipt of the cryptocurrency received in your tax return.
