Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Tax is already complicated – let alone adding crypto into the mix. As the cryptocurrency space continues to grow in Australia, Koinly and Cointree have announced a partnership to make doing crypto taxes easier than ever.
Plus, the first 1,000 Cointree customers who log in to Koinly via the new SSO will get access to a comprehensive Koinly tax report, up to the value of $389 each.
Koinly is Australia’s leading crypto tax tool, used by hundreds of thousands of crypto investors globally with over 700+ integrations across the most popular exchanges, wallets and blockchains.
Cointree has helped more than 100,000 Australian investors access crypto since launching in 2013.
In an industry-first, all Cointree customers will now be able to seamlessly use their Cointree login details through Single Sign-On (SSO) and instantly view their crypto transactions within Koinly’s dashboard.
So what is SSO, how does it work, and how can it provide crypto investors with a seamless experience when doing their crypto taxes?
How is SSO similar to Web3?
SSO allows users to log in with one username and password to access multiple platforms. In this instance, existing Cointree customers will be able to use their Cointree login details to log in to crypto tax platform Koinly, all in one click.
Crypto enthusiasts are probably familiar with using wallets such as MetaMask. In a Web3 world, using your MetaMask wallet to connect with platforms like Opensea, Uniswap, or Maker is simple and secure.
Similarly, Koinly and Cointree (by enabling SSO logins) are narrowing the gap with Web3 experiences. Crypto exchanges can now collaborate with crypto tax software such as Koinly, making it easier than ever for crypto investors to securely view their transactions and generate a report showing how much tax they owe.
Use Koinly to simplify your crypto tax
Crypto tax software can help ensure you know your tax liability throughout the entire financial year – so you’re not left with a surprise bill you can’t afford. Plus, it helps you accurately calculate and report your taxes to the ATO. It even helps you provide records for the ATO should you ever be subject to a crypto tax audit.
Jess Renden, Cointree’s Chief Executive Officer, said, “Tax time can be one of the most frustrating times for crypto investors and this year, we wanted to go further than providing educational tools by partnering with a crypto tax leader aligned with our goals of making crypto tax easy and accessible.”
Adam Saville-Brown, Regional Head of Koinly in Australia, also shared his excitement about the recent announcement, stating, “Our partnership with Cointree reflects Koinly’s mission to collaborate with crypto exchanges to make crypto taxes easy and front of mind for crypto investors.”
How to get a free crypto tax report
To celebrate this partnership, the first 1,000 Cointree customers who use this new SSO feature located on the transaction screen of their account will get access to a comprehensive Koinly tax report, up to the value of $389 each.
Not only is the announcement exciting for Cointree customers, but it’s also timely, with the ATO recently announcing crypto would be a focus for them again this tax season. So don’t delay. Get your crypto taxes done with Koinly.
About Koinly: Koinly is Australia’s leading crypto tax tool, catering to investors and traders at all levels. Whether it’s Crypto, DeFi or NFTs, the platform saves you valuable time by reconciling your holdings to generate an ATO-compliant tax report in under 20 minutes.
See more at koinly.com.au
About Cointree: Founded in 2013, Melbourne-based Cointree operates one of Australia’s leading cryptocurrency exchanges. Handling over AUD $250 million in cryptocurrency transactions, Cointree has built a platform that trades more than 260 cryptocurrencies, including Bitcoin, Ethereum, and many others.
Due to its secure technology, ease of use and low fees, and mission to help their customers grow with the digital economy, Cointree has become one of Australia’s longest-running and most trusted cryptocurrency exchanges. It has also become the platform of choice for SMSFs. See www.cointree.com