News • 5 min read
Taxes are not everyone’s favourite part of trading cryptocurrencies. With all those transactions, keeping track of taxable events can be challenging. Fortunately, Blockpit provides the solution.
Filing your tax returns can be a challenging and time-consuming task, if you are not using Blockpit, who would do the heavy lifting for you. Just in time for the tax season, you have the chance to take advantage of Blockpit’s partnership with Bitpanda and Bitpanda Pro.
Sign up to Blockpit via Bitpanda or Bitpanda Pro, simply sync your trading account with your Blockpit account via the API import function to automate the importing process and to get a real-time overview of your tax liabilities. When it’s time to file your taxes, you can export your country-specific tax report ready for the authorities. Generating tax reports has never been more user-friendly.
Before we dive into the details, we are also pleased to announce that Blockpit, following Bitpanda’s expansion, is now offering tax reports based on an audited framework for users residing in Spain and France as well!
Founded in 2017 in Austria, Blockpit is a Linz-based company with a mission of strengthening trust and embracing the vital transparency of blockchain-based financial markets with compliance solutions software. Blockpit makes the filing of taxes for cryptocurrency transactions a lot easier for individuals.
Many countries consider cryptocurrency transactions to be taxable events. For example, selling your cryptocurrencies for various fiat currencies, such as EUR, USD, using your assets with your Bitpanda Card for transactions and trading one asset for another are all taxable events.
The hard part comes when you are a trader with tens, hundreds or even more transactions: it is virtually impossible to keep track of every realised change in each position over time. With Blockpit, you stay on top of your transactions at all times.
If you signed up to Blockpit through Bitpanda or Bitpanda Pro, you will get a discount of 25% on advanced and professional tax licences for the 2020 and 2021 tax years, even if you already registered during our previous Blockpit promotion in November. Plus that is not all! All new Blockpit users, who sign up through Bitpanda between the 6th and 25th of May, 2021, get between €5 and €200 in BEST! You have to fulfil the following conditions to be eligible to participate in the BEST Airdrop:
BEST Airdrop on Bitpanda:
Alternatively, if you are a trader on Bitpanda Pro, you must fulfil the criteria listed below to participate in the Airdrop:
BEST Airdrop on Bitpanda Pro:
BEST VIP users have it even better once again, as Bitpanda will issue professional Blockpit tax licences to all users who are BEST VIP level 3.
Furthermore, 200 more professional Blockpit licences will go to randomly-selected winners who are BEST VIP level 2 users.
Additionally, 100 professional Blockpit licences will be distributed to individuals who are BEST VIP level 1 users, based on the same random selection method.
Please note that only users who have not received a licence in a previous giveaway will be eligible to take part in the giveaway.
If you are not a BEST VIP yet, don’t worry, if you become one until the 25th of May, 2021 (by 23:59:59 UTC+2), you can still take part in the giveaway as a BEST VIP.
However, it is not just the BEST VIPs who will have a chance. Bitpanda will randomly allocate 50 professional Blockpit licences between non-BEST VIP users as well!
And more good news for recently verified Bitpanda Pro users: if you registered, verified your Bitpanda Pro account and completed at least one successful transaction, you can become one of the lucky 100 who will also receive a professional Blockpit licence!
On Bitpanda, you can create your Blockpit account when you follow this link to get 25% off on your Blockpit tax licence and to participate in the BEST Airdrop.
Follow this link to set up your Blockpit account via Bitpanda Pro, get 25% off on your Blockpit tax licence and to participate in the BEST Airdrop.
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 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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