Binance, the world’s largest exchange by volume, has launched a new utility to help users easily calculate cryptocurrency taxes.
In an official blog post shared by Binance, a system that allows users to easily calculate the tax required for cryptocurrency transactions. Binance Tax introduced. Binance, which defines the tax season as one of the most feared times of the year for many people, especially crypto users, thanks to this new utility launched. Up to 100,000 transactions emphasized that it can be easily calculated.
According to the statement, Binance Tax will help users stay up-to-date on crypto-related tax liabilities. In addition, Binance does not use any of this service. will not charge. Binance Tax It is currently only available to users in Canada and France.
If you’re having trouble keeping track of your crypto taxes or just want to speed up the process, don’t forget to take a look at Binance Tax, our crypto tax calculator that we recently launched. Now, with one click, you can transfer your Binance transactions to our calculator and get a simple yet comprehensive estimate of your tax liabilities based on your jurisdiction.
On the other hand, Binance Tax, which is at an early launch stage, is currently Futures And NFT in the wide cryptocurrency ecosystem, such as does not support all transaction types.