CoinPanda Review - Is CoinPanda Legit?
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:
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Import crypto trades
Preview your capital gains
Download your tax reports
CoinPanda vs. Koinly: Which Is Right For You?
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....
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