Kryptoskatt is a platform that provides Web3 financial services such as accounting, portfolio management, tax reporting, and professional support to many user profiles in multiple countries. The project received investment from Binance Labs and Gate.io Labs in a seed round in June 2023. Let’s learn about Kryptoskatt in the article below!
What is Kryptoskatt?
Kryptoskatt is a platform that provides Web3 financial services such as accounting, portfolio management, tax reporting, and professional support to many user profiles in multiple countries. Currently, Kryptoskatt supports over 2,000 DeFi protocols, over 100 crypto wallets and exchanges, and over 50 different blockchains.
Kryptoskatt allows users to import all crypto transactions directly through API or CSV files and automatically calculate your taxes in just a few minutes. The platform integrates with multiple exchanges, blockchains, crypto wallets, DeFi protocols for users to choose from, and they can manage all transactions on a single dashboard without switching between multiple communications. Users can track their portfolios including DeFi and NFT transactions and take advantage of the many tax-saving mechanisms available to save thousands of dollars in taxes.
Additionally, the platform allows you to create free tax reports to comply with the laws of the country where you live and have your own network of accountants who you can turn to if you need help paying your taxes. Kryptoskatt aims to build a comprehensive financial platform to support individuals and businesses in the Web3 industry.
Features of Kryptoskatt
Automatically synchronize transactions
This is a feature that allows users to automatically sync their DeFi and NFT transactions from supported exchanges and wallets to Kryptoskatt. This can help users save time and effort as they do not need to manually enter their transactions.
Kryptoskatt supports automatic synchronization of more than 100 exchanges and wallets, including Binance, OpenSea, MetaMask, etc. To use the automatic synchronization transaction function, users need to create an account on Kryptoskatt and connect their exchange account or wallet. Once your account is connected successfully, Kryptoskatt will automatically synchronize your transaction records every 24 hours.
Additionally, the automatic sync trade feature is a convenient way to update the taxes on each user's trades. Kryptoskatt also generates reports, calculates taxes, and calculates the user's profit and loss from real-time trades to help users easily manage their portfolios.
NFT Module
This feature provides users with access to an NFT dashboard, which syncs all information when they connect to Kryptoskatt, including:
NFT holdings.
Sold NFTs.
Purchased NFTs.
On-chain transaction history of NFTs.
The profit and loss situation of NFT.
With the NFT module, users can get an overview of their NFT portfolio and generate tax reports.
DeFi Module
This is a feature that allows users to access a DeFi dashboard where they can view their entire portfolio in more than 2,000 DeFi protocols supported by Kryptoskatt. The platform will automatically classify all of the user's DeFi transactions, such as staking, adding liquidity providers (LPs), borrowing, etc., to simplify and generate tax reports for these transactions.
Integrations
This is a feature that allows users to connect their exchange accounts, crypto wallets to Kryptoskatt so that the platform automatically imports their transactions and generates tax reports. Currently, Kryptoskatt supports more than 100 exchanges, more than 100 wallets, more than 50 blockchains, and more than 2,000 DeFi protocols.
To use the integration, users need to create an account on Kryptoskatt and connect their exchange account or wallet. Once the user’s account is connected, Kryptoskatt will automatically import their transactions and generate tax reports.
Pricing
This is a list of prices that users can register to use Kryptoskatt features, divided into four categories: Free Edition, Hobbyist Edition, Starter Edition, and Professional Edition. Each type will have different features and benefits when users register to use it. You can refer to it here.
For Accountants
This is a feature for accountants who manage the taxation of their clients’ crypto transactions. Some accounting support features include:
Easy access to clients' portfolios, transactions and tax reports
Manage multiple customers, invoices and payments from one dashboard
Has chat functionality, forum with other accountants and users.
Kryptoskatt Highlights
Integration of multiple exchanges, wallets, blockchains, and DeFi protocols: Kryptoskatt has integrated more than 2,000 DeFi protocols, more than 50 blockchains, more than 100 crypto wallets, and 100 exchanges, and even supports multiple NFT standards.
Automatic Data Synchronization: Kryptoskatt automatically synchronizes all user data via API, and transaction records can also be uploaded using CSV files.
Multi-country support: Kryptoskatt supports multiple countries including Canada, Sweden, the United Kingdom, the United States, and is constantly working to expand support to other countries.
Free Tax Report: Kryptoskatt allows users to create free tax reports based on local regulations and laws. Simply select the country you need to report to and the platform will take care of all aspects of compliance.
24/7 Customer Support: Kryptoskatt offers fast customer support with someone always available to answer your questions. Additionally, users can choose a paid plan if they want additional guidance in the crypto transaction tax reporting process.
Professional Accounting Network: Kryptoskatt not only helps calculate taxes on users’ crypto transactions, but also helps them pay their taxes with the help of the platform’s professional accounting network.
Development Roadmap
Currently, Kryptoskatt is continuing to expand and develop its services for enterprises and crypto exchanges. In addition, the project also plans to expand its operations in many countries in 2023 to support the integration and compliance of crypto transactions.
development team
Notable members of the Kryptoskatt development team include:
Sukesh Kumar Tedla: He is the co-founder and CEO of Kryptoskatt.
Mahathi Poreddy: She is the co-founder and advisor of Kryptoskatt.
Rohan Gulati: He is the head of marketing at Kryptoskatt.
investor
In June 2023, Kryptoskatt received an undisclosed amount of seed round investment from Binance Labs and Gate.io Labs.
Partner
Kryptoskatt works with exchanges, wallets, and blockchains using financial services provided by projects including: Bitgert, SafePal, INATBA, and RocketX.
Summarize
Kryptoskatt is a platform that provides financial services such as accounting, portfolio management, tax reporting and professional support to many users in many countries. Kryptoskatt's goal is to build a comprehensive financial platform to empower individuals and businesses.
