Effortless Crypto Tax Reports: CoinDCX Joins Forces with KoinX

CoinDCX, being a pioneer in the Indian crypto space, has always catered to crypto products and features that simplify the crypto trading or investing journey for its users. To make crypto trading even simpler, we have introduced a three-step process for your crypto tax filing! You heard that right!

KoinX joins forces with CoinDCX

What is KoinX?

KoinX stands at the forefront of crypto tax solutions, employing advanced technology to automate the calculation of crypto tax obligations specifically for Indian investors. With its impressive array of features, KoinX offers users access to real-time market data, in-depth analysis capabilities, and comprehensive tax reports.

Furthermore, KoinX goes beyond its core functionality by providing valuable free resources and tips designed to assist users in comprehending and successfully completing their crypto tax filing obligations.

BREAKING:
2 mins to get your crypto tax reports? Possible? Yes! 🎉
Teaming up with @KoinXOfficial to turn complex into effortless. Brew a coffee, grab a snack, and by then, we’ve got your crypto tax report sorted. 🚀 Check it out 👇🏻 #2MinsCryptoTax. pic.twitter.com/eEm4I2b0fS

— CoinDCX: Making Crypto Accessible to Indians (@CoinDCX) June 29, 2023

KoinX & CoinDCX joins force!

Keeping our promise to make your crypto trading journey as compliant as possible, CoinDCX has now joined forces with KoinX, the prominent platform for crypto taxation. This strategic partnership aims to streamline and accelerate the crypto tax reporting procedure for Indian crypto investors. Through this collaboration, CoinDCX traders will be able to obtain their crypto tax reports effortlessly with just a few clicks, making the process incredibly efficient.

The partnership is made available during a period of notable growth and progress in the Indian crypto industry. However, this industry also confronts challenges in terms of regulatory uncertainty and compliance. According to a recent Chainalysis report, India stands as the second-largest adopter of crypto globally, boasting over 100 million users and $40 billion worth of transactions in 2022. Despite this, the Indian government has yet to provide clear guidance regarding crypto taxation and regulation, leaving investors uncertain and concerned.

CoinDCX and KoinX have united with the objective of bridging this gap by offering a seamless and user-friendly solution for crypto tax reporting that aligns with Indian tax laws. Our aim is to equip Indian crypto investors with the necessary tools and knowledge to accurately file their taxes, thus empowering them in the process.

Read more on: Crypto Tax India

Features of the KoinX integration

This partnership between CoinDCX and KoinX will bring forth several benefits for users, including:

1. Streamlined integration from CoinDCX: Users will enjoy a seamless experience by effortlessly connecting their CoinDCX account to KoinX’s platform. This integration eliminates the complexities of dealing with intricate crypto addresses while allowing users to import their transactions swiftly.

2. Integration with multiple exchanges and wallets: In addition to CoinDCX, users can integrate their various wallets and exchanges with KoinX’s platform. This integration provides users with a consolidated view of their crypto portfolio and tax liabilities, allowing for better management and analysis.

3. Accurate and efficient crypto tax calculations: Leveraging KoinX’s advanced technology and expertise, users can accurately and efficiently calculate their crypto tax liabilities. With support for over 25,000 crypto assets, 120+ wallets and exchanges, NFTs, and DEXes, KoinX ensures comprehensive coverage. The platform also generates transparent and fully compliant tax reports in accordance with Indian tax laws.

Moreover, CoinDCX, as India’s most trusted and user-friendly crypto investment app, caters to investors of all levels, from beginners to experts. Offering a diverse range of products, CoinDCX enables users to invest in over 200 crypto assets, including Bitcoin and Ethereum. The platform stands out for its fast, easy-to-use, and secure software. Additionally, CoinDCX provides valuable educational resources and a supportive community to facilitate user learning and growth within the crypto space.

Conclusion

The collaboration between CoinDCX and KoinX is set to give a boost to the expansion and advancement of the Indian crypto ecosystem, delivering a vital service to millions of investors. This partnership not only addresses a pressing need but also signifies a significant step toward fostering growth and innovation in the industry. Furthermore, both companies have committed to working together on additional initiatives aimed at educating and empowering the Indian crypto community.

Through these joint efforts, we aim to provide valuable resources and knowledge to support the ongoing development and success of crypto enthusiasts in India.