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Why should I use Coinpanda?
Why should I use Coinpanda?
Written by Eivind Semb
Updated over a week ago

We all love crypto, DeFi, and NFTs, and most of us prefer to spend our time trading or investing rather than doing taxes. Unfortunately, there is no way around the fact that almost every country in the world taxes cryptocurrency in one way or another (only a few exceptions). How much tax you must pay may vary greatly from country to country, but almost every tax authority requires people to report their holdings and capital gains each year.

We built Coinpanda to simplify and automate the process of calculating and filing crypto taxes. Simply put, we want you to focus on what you care about and let us do all the hard work and number crunching instead.

This way, you can sleep well at night, knowing you are staying on the right side of the law. If you ever get audited or contacted by your tax authority, you can download a complete audit-ready tax report containing your entire transaction history from the first day you bought or traded crypto.

It is totally up to everyone to decide for themselves if they want to report their crypto taxes or not. Coinpanda offers a simple, robust, and automated solution, and it's even 100% free to use almost all features, including importing your entire transaction history.

Here are a few reasons why you should use Coinpanda:

  • auto-sync transactions from more than 900+ exchanges, blockchains, and wallets

  • support for more than 500,000+ cryptocurrencies

  • gain insight into your portfolio and performance for free

  • see your total gain/loss (including margin/futures trading)

  • support for more than 65+ countries

  • download international tax reports

  • download country-specific PDF reports (ex: Australia, the UK, Canada)

  • download country-specific tax forms (ex: Form 8949 for the US)

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