News • 5 min read
If life were a hamburger, tax would be the pickle - no one likes eating it but it’s always in there, and no burger would be complete without it. The great news is that Bitpanda, Bitpanda Pro and the crypto tax solutions provider, Blockpit, have joined forces to make your life a lot easier.
The tedious task of filing your tax returns for cryptocurrency and metals trading has just gotten a lot easier. Effective immediately, Bitpanda, Bitpanda Pro and Blockpit, one of Europe’s leading providers for crypto tax filing, are happy to announce that they have entered into a partnership.
Bitpanda and Blockpit are a perfect match: Bitpanda makes it as easy as possible to buy digital assets like Bitcoin, Ethereum and XRP, as well as digitised gold or silver and the recently-launched Bitpanda Crypto Index.
In the meantime, Blockpit takes care of everything related to taxes: you can easily sync your accounts via the API import function or just import a CSV file. This way, you can monitor the development of your portfolio across different brokers and exchanges in real-time and generate tax reports in a user-friendly way.
Founded in 2017, Blockpit is based in Linz, Austria and has set out to improve trust and increase the necessary transparency of blockchain-based financial markets with compliance solutions software. Blockpit’s goal is to make the filing of taxes on cryptocurrency transactions for individuals and businesses alike as easy as possible.
In most countries, including Austria, cryptocurrency transactions are considered “taxable events”. For instance, the following acts are considered a “sale of cryptocurrency” under Austrian law: if you exchange a cryptocurrency into a fiat currency such as EUR, USD and others, if you pay in a cryptocurrency when buying a product or service, and, if you exchange/swap one cryptocurrency for another cryptocurrency or for another crypto-asset, producing gains and losses.
You get the picture: if you do a lot of trading, it is easy to quickly lose track of all your transactions.
To celebrate our partnership, Blockpit offers new users an automatic discount on the first tax year licence of their Blockpit subscription. In order to get the discount, you need to register your new Blockpit account through Bitpanda or Bitpanda Pro.
If you sign up via the link in the “History” section of your Bitpanda account, or via the link in the “Partners” section of your Bitpanda Pro account between the 27th of October, 2020 and the 25th of November, 2020, you will receive a discount of 55% on your Blockpit subscription for the tax year 2020 (which also unlocks all previous years for free). Or, in other words, the 55% discount applies to the current tax year and unlocks tax reporting for 2020 and all previous years.
After the 25th of November, a regular discount of 10% for every additional tax year will apply if you purchase your new licence from the 26th of November, 2020 onwards.
Also, from the 27th of October to the 18th of November, 2020, Bitpanda and Blockpit celebrate their new partnership with a BEST Airdrop powered by Blockpit, find out how you can participate below.
Bitpanda is distributing BEST worth between €5 and €200 among the first 9,500 Bitpanda users who register their first-time account on Blockpit between the 27th of October, 2020 and the 18th of November, 2020. The BEST Airdrop payout will be conducted by the end of November 2020.
Please note that in order to be eligible to win, you need to fulfil the following requirements:
Bitpanda Pro is distributing BEST worth between €5 and €200 among the first 500 Bitpanda Pro users who register their first-time account on Blockpit between the 27th of October, 2020 and the 18th of November, 2020. The BEST Airdrop payout will be conducted by the end of November 2020.
Please note that to be eligible to win, you need to fulfil the following requirements:
All winners will be notified and receive their BEST Airdrop payout by the end of November 2020.
Finally, it pays off once again if you are a BEST VIP level 3 user on Bitpanda. All BEST VIP level 3 users should keep an eye on their email inboxes because they will receive exclusive access to the professional Blockpit licenses powered by Blockpit.
We are going to distribute these licences to our BEST level 3 VIPs on the 19th of November, 2020. Please note that you can still become a BEST VIP level 3 holder until midnight CET of the 18th of November, 2020 to receive a professional Blockpit licence on the 19th of November, 2020. If you are not a BEST VIP level 3 USER, make sure you tune in to our blog on a regular basis for similar giveaways in the future.
Follow this link to set up your Blockpit subscription, get 55% off on your new Blockpit account subscription and to participate in the BEST Airdrop if you are a verified Bitpanda user.
Follow this link to set up your Blockpit subscription, get 55% off on your new Blockpit account subscription and to participate in the BEST Airdrop if you are a verified Bitpanda Pro user.
Please note: As tax issues involving cryptocurrencies can be complex and every country has its own legislation, we still advise you to contact your personal tax adviser for further information about your individual situation. You can find the terms and conditions (in German only) of the BEST airdrop powered by Blockpit here.
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Bitpanda GmbH ve grup şirketleri (Bitpanda) Türk Parasının Kıymetini’nin Korunması Hakkında 32 sayılı Karar’ın 2/b maddesine göre Türkiye’de yerleşik sayılan hiçbir kişiye yönelik olarak 6362 sayılı Sermaye Piyasası Kanunu başta olmak üzere Türkiye Cumhuriyeti Devleti mevzuatı hükümleri gereği Türkiye’de faaliyet izni gerektiren hiçbir sermaye piyasası faaliyetine dair hizmet sunmamaktadır. Şayet Bitpanda’nın yabancı sermaye piyasalarında vermiş olduğu hizmetlerden Türkiye’de yerleşik kişilerin faydalandığı tespit edilecek olursa tüm zararları kullanıcıya ait olmak üzere bu hizmetler ivedilikle sona erdirilecektir.
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