One of the largest self-custodial and multi-chain mobile wallets, Trust Wallet, has announced today that it has integrated with Coinpanda, Koinly, and CoinTracker to offer its users free insights reports to gain a deeper understanding of their cryptocurrency holdings as well as a quick, easy, and reasonably priced way to generate tax reports to better adhere to crypto tax regulations.
Users of Trust Wallet can now take advantage of a seamless one-click service without having to manually input information thanks to the new integration, which makes it easier for users to comprehend their cryptocurrency tax liability and manage the challenges of reporting during the upcoming tax season. Understanding tax liabilities is one of the most important issues for customers during tax season, thus Trust Wallet released its new functionality in response to user demands. The function acts as an optional reference tool to make it easier for users to adhere to local tax laws.
Users that use Trust Wallet and one of its partner services will get a discount when creating their tax report. All Trust Wallet users will pay less for a complete tax report when utilizing any partner service, and holders of 50 $TWT will also enjoy further reductions.
“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,” said Eric Chang, Trust Wallet’s Head of Product. “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.”
“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.” said Eivind Semb, CEO and Founder at Coinpanda.
“We’re thrilled to partner with Trust Wallet!,” said Vera Tzoneva, COO at CoinTracker. “At CoinTracker, our mission is to enable everyone to use crypto with peace of mind. A huge part of that is simplifying crypto taxes. This partnership lets users calculate their tax liability quickly and accurately and then file!”
“We are very excited about our partnership with Trust Wallet, the market-leading self-custodial wallet. Trust Wallet users can sign up directly through the Trust Wallet app, in just one click, making it one of our most seamless integrations. Users can easily calculate their taxes in time for the upcoming tax season.” said Jane McEvoy, Global Head of Partnerships at Koinly.