Bitget simplifies the calculation of crypto tax

Bitget, one of the world’s leading crypto exchanges, is excited to announce a strategic partnership with CoinTracking, one of the most comprehensive wallet trackers and tax calculation software available in the industry. 

The goal of the collaboration is to make efficient calculation of one’s taxes on crypto assets

This collaboration aims to simplify the cryptocurrency tax experience for users around the world, providing them with an efficient and hassle-free way to calculate their tax liabilities. 

As part of this exciting partnership, Bitget users can sign up with CoinTracking at an exclusive 10% discount, making it even more attractive for cryptocurrency investors to effectively manage their taxes.

CoinTracking has built a stellar reputation over the years, boasting more than 1.3 million customers in 100 countries who have successfully simplified their cryptocurrency tax experience using the platform. 

The software’s versatility allows users to import transactions from more than 100 sources, including exchanges, wallets, legacy imports and blockchain addresses, making it convenient for users with different wallets.

Once transactions are imported, investors can take advantage of more than 25 advanced reporting features to track their wallet, including transaction statistics, balances, and market analysis. 

A particularly valuable feature for investors is the “Tax Preference Coins” feature, which highlights holdings that qualify for a reduced tax rate based on the holding period, particularly those held for more than 12 months.

CoinTracking supports major tax reporting requirements in various countries, from the United States to Germany, offering more than 10 accounting methods. This ensures users can generate accurate tax reports that comply with their respective jurisdictions.

The benefit of being a Bitget user 

Bitget users will benefit from Bitget’s updated CSV importer and API importer provided by CoinTracking. 

This integration allows Bitget users to seamlessly import their trades and track their wallets across various operations, including spot trading, leverage history, and futures trading. 

The imported data can be used to calculate capital gains/losses, simplifying the process of generating accurate cryptocurrency tax forms.

To take advantage of these exclusive benefits, Bitget users can register on the CoinTracking platform and enjoy a 10% discount on all tax plans. 

The procedure is simple and involves creating a free account on CoinTracking, importing transactions from Bitget via API keys or CSV files, and selecting the appropriate tax plan based on the total number of transactions.

The integration of CoinTracking’s cutting-edge tax software with Bitget’s comprehensive exchange platform is in line with both companies’ missions to empower users in the cryptocurrency space. 

Bitget’s reputation as a secure and easy-to-use exchange, combined with CoinTracking’s expertise in tax management, makes this partnership a valuable resource for cryptocurrency enthusiasts looking for a simplified tax solution.

By offering a 10% discount to Bitget users, CoinTracking aims to incentivize investors to take advantage of its top-notch services. 

The exclusive discount further sweetens the deal, providing investors with a cheap but powerful tool to efficiently navigate the complexities of cryptocurrency taxes.

Particular care is required in the crypto sector at these times, especially when referring to taxes

As the cryptocurrency market continues to attract new investors and institutional interest, regulatory scrutiny has also increased. 

Tax authorities are closely monitoring cryptocurrency transactions, making it imperative for investors to maintain accurate and transparent records of their transactions. 

CoinTracking’s advanced reporting features and support for various accounting methods ensure that users can fulfill their tax obligations while benefiting from an easy-to-use interface.

With CoinTracking’s ability to import transactions from various sources, including exchanges, wallets and traditional imports, users can conveniently consolidate transaction data into a single platform. 

This simplifies the process of calculating capital gains or losses and generating comprehensive tax reports, saving investors time and effort.

In addition, the inclusion of tax-privileged currencies in CoinTracking’s directory is a valuable tool for investors seeking to optimize their tax obligations. 

By identifying assets that qualify for lower tax rates through extended holding periods, investors can strategically manage their portfolios to maximize tax benefits.

Bitget’s updated CSV importer and API importer offered by CoinTracking also meet the diverse needs of Bitget users. 

Regardless of their trading activities, from spot trading to futures, users can now seamlessly integrate their trading data into CoinTracking. 

This data synchronization ensures users have a holistic view of their cryptocurrency portfolio, making it easier to monitor and manage their investments.

Conclusions on the Bitget x CoinTracking collaboration

With the continued collaboration between Bitget and CoinTracking, users will enjoy additional benefits and features aimed at enhancing their experience with cryptocurrencies. 

The partnership demonstrates the industry’s commitment to meeting the evolving needs of cryptocurrency investors while promoting transparency and compliance in the industry.

In conclusion, the partnership between Bitget and CoinTracking represents a significant step forward in simplifying the cryptocurrency tax experience for investors worldwide. 

By offering an exclusive 10% discount on CoinTracking’s tax plans, Bitget facilitates users’ access to powerful tax software that ensures accurate and compliant tax reporting. 

As the cryptocurrency market matures, partnerships like this will play a key role in supporting and promoting the widespread adoption of cryptocurrencies while complying with regulatory requirements. 

Investors can now navigate the complex world of cryptocurrency tax with confidence, supported by the experience and convenience offered by Bitget and CoinTracking.