SINGAPORE, Aug. 23, 2022 (GLOBE NEWSWIRE) — Tax is a complicated matter, and it’s even more complicated when it comes to cryptocurrencies. BitYard, as a leading cryptocurrency trading platform dedicated to creating the best platform for traders, is pleased to announce a partnership with Koinly.
Koinly is a professional tax software that helps users track and calculate cryptocurrency taxes easily and reliably. The tax reporting process for cryptocurrencies can prove difficult and time-consuming, especially for those who trade frequently or have assets in multiple projects across different platforms, and the frequent transactions also make the tax calculation more complicated. The emergence of software-based tax preparation solutions such as Koinly solves these challenges.
Koinly has a simple and user-friendly interface that generates highly compliant local tax reports. You just need to export the data from BitYard first, then upload it to Koinly, allowing users to easily generate tax reports. It used to take a lot of time, but now it only takes minutes.
In addition, users can track their assets and portfolio using Koinly, and users can see their return on investment (ROI) over a specific period of time, as well as how their holdings have grown over time. Koinly also provides a clear dashboard showing profit and loss as well as costs to help users know their current investment status.
Koinly’s Head of Tax Tony Dhanjal had this to say “We are excited to partner with cryptocurrency exchange platform, BitYard which brings a spirit of innovation and offers more choice and convenience to Koinly users. We are proud to be the preferred option for BitYard users to to use our industry-leading software to accurately calculate your crypto tax or invite your accountants to generate audit-proof crypto tax reports on your behalf in minutes.”
About Koinly
Koinly is a tax reporting software for cryptocurrency investors, hobbyists and accountants. With over 700 integrations, Koinly supports over 400 exchanges, 100 wallets and over 170 blockchains, Koinly makes it easier for you to calculate taxes and get the most out of your crypto by automating the regulatory hurdles of tax compliance and asset tracking.
About BitYard
BitYard is a one-stop cryptocurrency trading platform with the most professional services. BitYard provides users with a trading solution through Spot, Contracts for Differences (CFDs), Inverse Perpetual Contracts, USDT Perpetual Contracts, Grid trading and Copy-trading services.
BitYard:www.bityard.com
Media contact: Jeanne Hsieh
Contact: [email protected]
