• Trust Wallet has partnered with Coinpanda, Koinly, and CoinTracker to offer its users insights into their crypto taxes.
• The new integration allows users to generate their tax reports with a one-click service.
• All Trust Wallet users will receive discounted prices for generating their tax reports, with additional discounts offered to holders of $TWT.
Trust Wallet Partners With Three Companies
Trust Wallet, one of the largest self-custodial and multi-chain mobile wallets, announced a partnership with Coinpanda, Koinly, and CoinTracker. The new integration enables users to track their crypto taxes easily. Users can benefit from a one-click service without manually inputting information and gain insight into their crypto liability during the upcoming tax season.
Discounted Price For Tax Reports
All Trust Wallet users will receive discounted prices for generating their tax reports using any partner service. In addition, holders of 50 $TWT will receive even more affordable prices for full tax reports.
Empowering Users With Insights
Eric Chang, Trust Wallet’s Head of Product commented on the decision to integrate the new feature stating that it is another step „towards empowering our users with insights.“ Eivind Semb, CEO and Founder at Coinpanda added that the partnership between Trust Wallet and its partners services will enable users to report their crypto taxes „regardless of their level of expertise.“
Optional Reference Tool
The feature is an optional reference tool meant to help users more easily comply with different regions‘ regulations during tax season. The free insights report offers a comprehensive overview of a user’s holdings which can be beneficial for those who do not want to file taxes as well.