CoinTracker is a software designed to handle the calculation of taxes based on the earnings resulting from transactions using cryptocurrencies. This software is available for both computers and mobile devices using iOS or Android. Among its main features we can find the following ones:
It is simple to use: this is very important because the reason to use this type of tools is to simplify the entire tax calculation process. In this sense, CoinTracker can be connected to the exchange platform the customer is using as well as the virtual wallet. This way, it can automate a large part of the process and generate the corresponding tax's calculations.
It is precise: when it comes to calculating taxes the accuracy is of the utmost importance because any failure can generate a loss for the client due to an overpayment of the tax, or it can also result in an insufficient payment which can cause legal problems. Fortunately, CoinTracker is extremely precise in its calculations and procedures.
It is scalable: CoinTracker is able to manage calculations even from customers with thousands of different trades. This allows it to be a valuable tool for all types of investors, both small and large.
This is my English translation of a segment from one of my previous Spanish articles.
DISCLAIMER
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.