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- Blockfolio has now collaborated with TokenTax to simplify the Crypto taxes further to be paid.
- The partnership with TokenTax has acclaimed to be the best in the solution for crypto tax solutions said Blockfolio.
- Blockfolio has a carefully integrated system that stores details of your entire crypto portfolio in a single account or file.
Blockfolio, an integrated system that manages all your cryptocurrency-related portfolios on different platforms, has now collaborated with TokenTax to simplify the Crypto taxes further to be paid.
As the Cryptocurrency is volatile and the regulations surrounding it are constantly evolving, the users need to stay up with the new rules and need to keep track of their crypto transactions and pay the taxes accordingly.
Blockfolio came into existence in the year 2014 and has helped many crypto account holders in managing since then, along the way, it has curated many updates which has enhanced user experience on the platform.
Blockfolio has a carefully integrated system that stores details of your entire crypto portfolio in a single account or file so as to spend less time tracking all the transactions and emphasizing on learning more on crypto taxes. The partnership with TokenTax has acclaimed to be the best in the solution for crypto tax solutions said Blockfolio.
TokenTax works in an efficient way, it automates all your crypto tax reporting, one has to simply give in the details of their history of transactions of Crypto to the account on TokenTax, and the platform itself will do the further report of tax.
With the account of Blockfolio, users who have already imported the portfolio into the account have added an advantage to auto-import using TokenTax. It also has the option to enter your tax records, or TaokenTax manually does the automation for you.
This collaboration is not a new software but rather a real-time CPA built software tool that understands the processes occurring on your account and will help you navigate through complexity.
The new collaboration has welcomed optimistic reviews and is further looking to build its network, and further Blockfolio members get 10% off any TokenTax products the users purchase.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
