For those who are catching on to the popularity of trading in cryptocurrency, it can be a lot to digest. However, before long the joys of making profits through buying, selling, and exchanging overcome any fears, only enjoying the decentralized way of going about it.
You can forget all about world events and governments and their federal banks determining your finances through their deliberate decision-making. Instead, it is time to take advantage of the freedom cryptocurrency offers, which will be even more enjoyable when investing in the best crypto accounting software.
- There are over 20,000 different cryptocurrencies and that number is set to rise further, such is its popularity. That can seem like a logistical and time-consuming exercise to those who trade in multiple currencies, but not when using a software or app that connects wallets and exchanges and puts them into one place with other transfers and currencies all kept together automatically.
- Traders can collate all their transaction history automatically, with the tool being able to connect with exchanges or blockchain, as data is imported from CSV files or Excel. There’s no need to shift data manually like alternative systems required, which will save both time and money.
- The saving of those two precious commodities continues as the software all-in-one accountancy tool will generate a tax report, with the multiple previous years being accumulated free of charge. Staking or interest payments that have earned income will be accounted for and summarized so that everything is in one place for the trader’s actual accountant to access easily.
- It’s always handy for a trader to be able to compare how they are doing with their performances against those of commodities such as gold, NASDAQ, and Bitcoin. The power of analytics on the amazing tool will do just that on a simple chart that offers guidance and potential earnings in future trades.
- Informed decisions become easier with data being securely stored and protected by end-to-end encryption. Price data is continually updated allowing traders to get in at exactly the right time.
The software and app are the perfect all-in-one solution to hugely improve trading performance through analytics and to create unlimited tax reports for each year. Everything is kept in one place saving a trader stress, time, and money, so that they can concentrate on making profits, from the right deals at the right moment.