Key Takeaways
- KoinX’s new tax calculator widget aims to simplify tax filing for cryptocurrency transactions.
- The new tool will benefit not only cryptocurrency investors but also exchanges, crypto projects, and accounting and tax preparation services, by providing a value-added service that can increase user engagement and loyalty.
- KoinX’s new tax calculator widget will help raise awareness about the importance of tax compliance in the cryptocurrency industry, encouraging more users to comply with tax regulations and contributing to the industry’s legitimacy.
- KoinX’s new tool can enhance user experience, increase user engagement and retention, and attract new readers interested in cryptocurrency taxes, thereby improving the overall credibility of the industry.
India based crypto-taxation platform KoinX has recently launched a new tax calculator widget aimed at simplifying the tax process for cryptocurrency transactions. With over 20 million Indian citizens investing in cryptocurrencies, KoinX’s new tool will help users evaluate their taxes in a seamless and cohesive manner.
The platform has been backed by several VCs, including iSeed Ventures, KubeVC, Ratio Ventures, and Founders Fund, along with notable leaders like Polygon, Ripple, Netflix, Robinhood, Bain Capital, Freshworks, and Amazon, among others. KoinX’s automated system allows cryptocurrency investors to integrate their portfolios and transactions on a single, centralized platform.
Cryptocurrency trading has become increasingly popular in recent years, and tax authorities worldwide are keeping a close eye on crypto traders. With KoinX’s new tax calculator widget, the company aims to simplify tax filing, making it easier and more efficient for customers.
Apart from simplifying the tax process for crypto traders, KoinX’s new tool will also benefit exchanges and crypto projects by providing a value-added service that can increase user engagement and loyalty. Accounting and tax preparation services that integrate the tax calculator widget can also benefit from offering their clients a tool that simplifies the tax process for cryptocurrency transactions.
Founder of KoinX, Punit Agarwal, said, “We understand that tax filing can be a challenging and time-consuming process for cryptocurrency traders. With our new tax calculator widget, we hope to simplify the process and help our customers file their taxes with ease and accuracy.”
By simplifying the crypto tax process, KoinX’s new tool can raise awareness about the importance of tax compliance in the cryptocurrency industry, encourage more users to comply with tax regulations, and contribute to the industry’s legitimacy. KoinX’s new tool can also enhance user experience, increase user engagement and retention, and attract new readers interested in cryptocurrency taxes.
“Our innovative tool is designed to educate and make users on exchanges, crypto projects, news websites, and accounting and tax preparation services aware. We believe that this value-added service will increase user engagement and loyalty and contribute to the legitimacy of the cryptocurrency industry,” Punit added.
Following the recent announcement of a 30% tax on digital assets, Indian investors are increasingly searching for efficient and comprehensive ways to manage their cryptocurrency taxes.
KoinX has emerged as a useful platform for simplifying the crypto taxation process, as it is seamlessly integrated with the largest exchanges and blockchains commonly used by Indian investors. This integration enables crypto investors to consolidate their transactions and calculate their taxes accurately and efficiently, all in one place.
KoinX has made the new tax calculator widget available to all its users absolutely free. You can access it here: https://www.koinx.com/get-crypto-tax-calculator
Read Also: KoinX Introduces A New Crypto Taxation Platform For Indian Tax Professionals
