- Trust Wallet partnered with Coinpanda, Koinly, and CoinTracker.
- The partnership will allow users to track their crypto taxes easily.
- Trust Wallet users will receive a discount on generating their tax reports with one of the partners.
Trust Wallet, one of the largest self-custodial and multi-chain mobile wallets, has introduced a new feature on its wallet.
On Monday, the company announced that it partnered with Coinpanda, Koinly, and CoinTracker to provide its users with free insights reports to gain deeper insights into their crypto holdings.
The new integration means Trust Wallet users can now enjoy a seamless one-click service without manually inputting information, helping users more easily understand their crypto tax liability and handle the complexities of reporting during the upcoming tax season.
Sponsored
Eric Chang, Trust Wallet’s Head of Product, said that Trust Wallet’s decision to integrate the new feature is another step “towards empowering our users with insights.”
“Our free insights report offers a comprehensive overview of a user's crypto holdings, which can be just as useful for those who don't want to file taxes. We're committed to making the Trust Wallet experience as seamless as possible for our users. With this new feature, we're taking another step towards empowering our users with insights, and simplifying the crypto tax reporting process.”
Trust Wallet and its partner services will give users a discount on generating their tax reports. All Trust Wallet users will receive a more affordable price for a full tax report using any partner service, with additional discounts offered to holders of 50 $TWT.
Trust Wallet has launched its new feature per users’ needs, with the understanding that tax liability is one of the most pressing questions for users during tax season. The feature is an optional reference tool to help users more easily comply with tax regulations in different regions.
Sponsored
Eivind Semb, CEO and Founder at Coinpanda, said that the partnership with Trust Wallet will enable users to report their crypto taxes “regardless of their level of expertise.”
“We believe that everyone should be able to easily and accurately report their cryptocurrency taxes, regardless of their level of expertise. We are very excited to partner with Trust Wallet to offer their users a seamless integration with Coinpanda's tax software. Together, we are making tax reporting accessible to everyone in the cryptocurrency community.”
On the Flipside
- Some countries still have yet to provide clear guidelines on how crypto taxes should be calculated.
Why You Should Care
Crypto taxes can be confusing. Having third-party apps that can help calculate crypto taxes can be very helpful, especially for those living in countries with obscure crypto tax laws.
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