Los Angeles – Token Tax and Blockfolio today announced a new integration, through which Blockfolio’s millions of users will now be able to seamlessly import their existing portfolios into Token Tax’s automated software for the easiest crypto tax filing process yet.
“Taxes aren’t fun for anyone, but for crypto users, they’re especially painful. Our goal at Token Tax is to take as much of the pain out of filing taxes as possible through both software automation, a best in class user experience, and the best support team in the business,” said TokenTax co-founder Alex Miles. “One of the biggest time sinks for users is how they get their transactions into the Token Tax system. Given how many people already track their transactions in Blockfolio, an integration just made perfect sense.”
The way the integration works is simple. Blockfolio users track their crypto portfolios by either manually entering data for each transaction or more often, by connecting their exchange accounts and syncing their transactions automatically. Now when a user signs up for TokenTax, they will be offered the option to import their existing Blockfolio transactions in one step.
Ultimately, the Blockfolio-TokenTax integration means that all of those Blockfolio users who have already done the work to get their transaction data into Blockfolio don’t have to repeat that work again.
“Our user base represents some of the most passionate, engaged, and active crypto users in the world,” said Blockfolio CEO Edward Moncada. “Unfortunately, “active” means more work come tax season. We’ve looked across the market and believe that TokenTax’s product hits on all levels – from user experience to reporting accuracy to actual tax expertise and customer service. We’re thrilled that through this integration and partnership, the already massively time saving TokenTax experience becomes even easier for our users.
Blockfolio is the leading network for mobile cryptocurrency portfolio tracking and management. Millions of people trust Blockfolio to stay connected to the pulse of the industry through market data, news, and direct updates from leaders of top crypto projects.
TokenTax is a tax and accounting platform for crypto investors worldwide. Users can automatically import data from any exchange, analyze their crypto tax liability, and generate their tax forms. TokenTax also offers full tax filing as well as support for advanced crypto activities like margin trading and DeFi.