Binance Tax : a free tool to help calculate crypto taxes launched in France
Defi and Exchanges

Binance Tax : a free tool to help calculate crypto taxes launched in France

The Binance platform has announced the launch in France of Binance Tax, a free tool to help calculate taxes on Bitcoin (BTC) and crypto transactions.

Indeed, offered in beta and only to French and Canadian customers, Binance Tax should be deployed in other countries soon. The number 1 cryptocurrency exchange specifies that the software does not yet cover all types of transactions.

By making this crypto tax calculator tool available, Binance also allows its Binance Tax users to stay up to date with the tax obligations related to Bitcoin and taxable cryptocurrency transactions. Binance explained:

“Tax season is a dreaded time of year for many. For day traders, who process thousands of transactions each year, it means putting in long hours and stress to ensure their returns are accurate. With one click, you can now import your Binance trades into our calculator and get a simple yet comprehensive estimate of your tax liability.

Binance Tax could also drive new customer sign-ups who will appreciate the ability to use this simple calculator built into the platform that is not available on competing crypto exchanges.

Article written by:

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.

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