The strategic partnership aims to provide BingX users with a streamlined solution for tracking their crypto investments and generating accurate tax reports. CoinTracking is one of the leading crypto portfolio tracker and tax software on the market. The app offers a user-friendly interface and a wide range of features that allow users to effortlessly track their cryptocurrency portfolios, monitor real-time market prices, and generate accurate tax reports.
Cryptocurrency tax laws are constantly changing, increasing the pressure on the shoulders of crypto investors to keep up with and fully adapt to the changes. Luckily, tools like CoinTracking make it easy to achieve full tax compliance. We’re excited to make these capabilities available to the BingX ecosystem with our new Excel importer. We encourage all BingX users to import their trades into CoinTracking, automatically calculate their profits and create the correct cryptocurrency tax forms. This is just the beginning of an exciting partnership between two leading crypto brands!
Malte Harwardt, Head of Business Development at CoinTracking
By syncing BingX trading accounts with CoinTracking, users can easily import their transaction data including trades, deposits and withdrawals. The platform automatically categorizes and calculates the taxable events, eliminating the need for manual data entry and reducing the risk of errors.
From now on, the tax processing is smooth
Managing and tracking cryptocurrency investments can be a complex task, especially when it comes to accurately calculating taxes and preparing comprehensive tax reports. With the integration of CoinTracking, BingX users now have access to a powerful tool that simplifies the process and ensures compliance with ever-evolving tax regulations. CoinTracking assists users in generating detailed reports on capital gains, losses, income and other taxable events, ensuring smooth and hassle-free tax processing.
The partnership between BingX and CoinTracking is an important step in bridging the gap between cryptocurrency trading and tax compliance. Our integration with CoinTracking underscores our commitment to provide our users with a reliable and easy-to-use platform that meets their varied needs. By offering users a convenient and reliable tax reporting solution, BingX reinforces its commitment to a transparent and compliant trading environment.
Elvisco Carrington, BingX PR and Communications Director
BingX is a leading crypto exchange offering spot, derivatives, copy and grid trading services in over 100 countries and regions worldwide with over 5 million users. BingX securely and innovatively connects users to experienced traders and the platform.
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