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CoinPanda is an established cryptocurrency tax calculations platform
Read 100% Free CoinPanda Review by Scamorno Team
FULL REVIEW OF CoinPanda
Are you currently thinking about using the cryptocurrency tax calculation service CoinPanda, but you want to know if this is truly a service that you can trust with your information and to do your taxes correctly? Currently supporting more than 7,000+ cryptocurrency and users from more than 35 countries, CoinPanda has been created with the promise of delivering tax file downloads that can be done in just 15 minutes or less. So far, user experiences have shown that CoinPanda has truly lived up to these expectations and are well-known by cryptocurrency users as one of the most automated and painless crypto tax calculation services around today.
All users’ trades can be imported directly into the platform either through CSV file upload or API integration. CoinPanda currently has integrations to over 300+ cryptocurrency wallets and exchanges, making them one of the most seamless when it comes to aggregating all trades for fast and accurate tax calculations. The 3 basic and easy steps are:
- Import crypto trades
- Preview your capital gains
- Download your tax reports
When it comes to crypto tax calculations, we have found that both platforms are able to do their main job very well, which is to calculate crypto taxes accurately and generate easy-to-understand reports.
In terms of differences, we do think that CoinPanda appears to be simpler and built for the layman, whereas Koinly has features that would appeal to accountants who are seeking a tax solution. Koinly on the other hand has 24/7 live support whereas CoinPanda’s support may not be online 24/7. This is understandable since CoinPanda’s interfaces are generally simpler and they also have more integrations (total of 36 integrations with the likes of Binance, Bitstamp and Coinbase etc) as compared to Koinly’s 27 integrations.
Review Verdict: CoinPanda is a legitimate service
Consumer Fraud Alert Regarding CoinPanda
The success of CoinPanda has given rise to many frauds who try to sell their own fake services in its name. This is a big issue as many customers have lost their money in buying from such fake sites. It is advised that customers should be really careful when they are purchasing and should do some research before they buy from any website. To spot these, watch out and avoid sites that claim to write about CoinPanda, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid buying from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy from the site from the official website here – http://CoinPanda.io/Official (link opens in a new window). The official website that they have includes the legitimate service.