Do you need to buy Bitcoin in Canada? There are not many exchanges accepting people from Canada, but with the establishment of the MyBTC.ca platform, it has become very easy to get the most popular cryptocurrency in Canada. You will agree that it is necessary to find a reliable and trusted crypto exchange to accept the Canadian dollar and it can be a challenging task.
Look: this review will offer detailed information about MyBTC.ca exchange for you to understand if it meets your expectations for buy Bitcoin.
Canada is a country that follows modern trends so it is not surprising why the number of crypto holders in this country is growing steadily. At the same time, not all of them want to exchange their national money for other currencies to be able to purchase Bitcoin. Therefore, the creators of MyBTC.ca decided to launch a platform for Canadians who want to get Bitcoin and avoid losing money on exchanging rates and fees. As a result, the CEO of the company who has been in the Bitcoin industry since 2014 and was a successful Bitcoin broker with over 10k clients decided to establish a crypto exchange meant truly for Canadians.
Where is MyBTC.ca Exchange Located?
Being an absolutely Canadian broker, MyBTC.ca official address is 260 Adelaide St E #206, Toronto, ON M5A 1N1. It operates the website that allows residents of Canada who have a local phone number and bank account purchase Bitcoin directly on the platform.
How Does it Work?
Every citizen of Canada who uses services of local mobile providers and has an account in one of the Canadian banks can access the website and select the option ‘Buy Bitcoin’. It is possible to do that using 4 different methods. Users need to select one of 4 payment methods and enter the Bitcoin amount in CAD equivalent a person wants to buy. To register an account on the exchange and have Bitcoin delivered to the necessary wallet address then, it is necessary to pass through the SMS verification and two more verification steps to be able to buy coins in a matter of seconds.
When it comes to the features of MyBTC.ca platform, they look quite impressive including:
- Instant transactions using 4 payment processing methods;
- Fast verification procedure;
- Having been a source of Bitcoin in Canada since 2014;
- Agreements with Interac and Flexepin payment systems and Canadian Post;
- Round the clock customer support;
- Step-by-step guidance;
- 100% Canadian.
How to Start Using MyBTC.ca
Since MyBTC.ca is an online platform, it is enough to open the website of the broker to start using it. Every Canadian who wants to purchase BTC on the platform should confirm this fact by the SMS verification which can be completed only if this phone number is registered in Canada. Only then the system will take you to the registration page and offer you to create an account. Each time a user wants to enter the account created, he or she will need to verify a phone number to be able to do that.
It is possible to register on MyBTC.ca only after a citizen of Canada enters an active mobile phone number to receive a message with a code and enters it on the platform. After that, it will be possible to create an account where a user is asked to provide some personal information and confirm the email address following the link sent in the letter.
MyBTC.ca offers 3 types of verification and every buyer should complete two of them. The first verification is made via a mobile phone. A user should provide his valid phone number and verify it entering the code sent to this mobile number by the platform.
Two other types of verification are necessary to confirm your identity. Every person can choose one of two verification methods offered: online or in-person one.
- Online verification
It is possible to send an email to the customer support of the platform providing the following information and files:
- Close up photo of the ID card issued by the government;
- A photo of the user who is holding an ID card (the photo must be signed with a date and the following inscription: “MyBTC.ca ID Verification for Bitcoin Purchase”;
- A copy of the document (e. g. utility, phone bill) to show the address;
- A copy of a loan, credit card or bank statement.
MyBTC.ca has signed an agreement with the Canada Post according to which every person can verify the identity in person turning to the agent working there. For this purpose, a user should provide the following documents:
- Valid photo ID issued by the Government;
- The profile information listed on MyBTC.ca site.
How to Buy Bitcoin on MyBTC.ca
It is worth stating that MyBTC.ca sells only Bitcoin and accepts only Canadian Dollars processed in 4 acceptable ways. The procedure of buying is very simple and consists of several steps:
- Open the platform and press ‘Buy Bitcoin’ selecting one of 4 suitable ways.
- Provide the CAD amount you want to spend. The system displays how many BTC you will receive.
- Provide the address of your Bitcoin wallet.
- Verify your mobile phone by entering the code.
- Register an account and follow the link sent to your email address.
- Complete the identity verification procedure.
- Transfer money to the account generated by the platform.
- Receive your Bitcoins to the wallet address provided.
Deposit and Withdrawal Options
Since this broker is suitable only for buying Bitcoin, the only option available in this case is depositing. According to the official website of the exchange, there are 4 ways to make a CAD deposit for buying cryptocurrency:
- INTERAC E-TRANSFER
The minimum amount to send is $100 and the maximum is $5,000. This payment resolve is supported by all Canadian banks, is delivered the same day, and has a fee of 7.75%.
- Bank Wire transfer
A daily minimum and maximum range are between $7,500 and $100,000. Funds can be processed using services of every Canadian bank and they are received the next business day. A standard fee per transaction is $4.75.
- Cash or debit
It is possible to buy Bitcoins using cash or debit card directly at the post. The minimum amount is $50 and the maximum daily limit is $2,500. Coins are delivered almost instantly, while the commission is 7.75%.
- Flexepin Voucher
One more instant method of Bitcoin purchase is Flexepin Voucher. The purchase can be made round the clock online or in some retail locations supported. The min/max daily range is between $50 and $2,500, while the commission is also 7.75%.
We have already mentioned that fees depend on the payment method chosen for purchase. The lowest transaction fee is in bank wire transfers – 4.75%. All other deposit methods have the same fee of 7.75% or $10 whichever is greater.
Bitcoin purchase limits on MyBTC.ca are divided into daily, weekly and monthly as well as depend on the payment method chosen. The minimum amount for purchase is $50 processed via a credit or debit card or Flexepin Voucher. The maximum daily limit is $100,000 paid using bank wire transfer method. The lowest minimum amounts are in debit and credit card transfers being $1,000 per day, $7,000 per week, and $30,000 per month. The highest ones are in bank wire transfers where a monthly maximum limit can reach $500,000, while a weekly limit is only two times lower.
MyBTC.ca is happy to reward everybody who attracts new clients to the platform. In case when a referred user completes an order estimated at $100 or more, a person who invited this user will get a $20 reward to the account balance.
When it comes to the customer support team working on MyBTC.ca, it is friendly and helpful. Users can connect with the representatives not only via email but also via a telephone and a live chat. One more way to connect it is pages on popular social media platforms such as Facebook and Twitter.
Is MyBTC.ca Safe?
According to the website, it is running on the hardware in secure Cloud Providers. There is the SSL encryption for all communications while an extra protection level is provided by Cloudflare. The platform also informs that it never stores private information about users and their credit cards.
As MyBTC.ca is a non-custodial exchange, they do not host a wallet or have access to your Bitcoin after they have been delivered. Moreover, the website offers to enable 2-factor authentication for better protection of the user account.
MyBTC.ca is a crypto exchange where every citizen of Canada can buy Bitcoin for Canadian dollars without a necessity to exchange them. It offers a fast and easy way to get Bitcoin but users should verify their identity and have an active phone number for this purpose. There are no hidden charges and the platform can be trusted if to consider that this exchange used to function as a private broker for 5 years before its creation.
Have you ever experienced that utmost fun of casino games and betting? It is unforgettable to feel how blood runs through the veins when you get closer to your next impressive winning. Keen players got used to betting fiat money but modern gambling can be much more exciting if you play for cryptocurrency. One of the platforms which have made this way of entertainment available to everyone is 1xBit. It is a popular gambling platform where holders of different crypto coins can try their luck playing a variety of games and betting on sports events. You will agree that every person desires to get a big prize having fun online.
Look: this article will cover all features of 1xBit platform for you to learn more about a reliable destination for crypto gambling.
What is 1xBit
Since its establishment in 2016, 1xBit has become one of the best-visited online platforms where players and sports fan can use cryptocurrency for betting and gambling. It can boast a wide range of sports events to make bets on as well as a diversity of games including popular casino and self-developed casual games to enjoy. Ones of the most appealing features of this website are undoubtedly the highest odds with minimum wagering requirements as well as a support of 60 different languages. The platform is responsive, so it can be accessed not only from a PC but also different mobile devices which are very comfortable. It supports over 20 popular cryptocurrencies for players not to waste time for exchanging tokens and dive into the world of utmost entertainment immediately!
When it comes to features that make 1xBit outstanding among other crypto betting and gambling platforms, they look as follows:
- All modern betting types including pre-match and live betting are supported by the platform;
- Access to a betting constructor and betting exchange;
- Possibility to choose from over 50 different sports including exotic, virtual, and eSports;
- All live events can be followed on the platform in real-time or in the form of informative graphic simulations;
- An extensive collection of slot games featuring more than 5000 examples from over 100 leading software game providers;
- An opportunity to play several games (up to 4) simultaneously;
- Availability of fascinating live dealer games of multiple types;
- A unique interface for money bets and own casino table;
- Over 90 casual games developed by the platform for its players only;
- Responsive website and mobile apps for iOS and Android;
- Instant no-fee deposits and withdrawals;
- The most competitive odds, wagering options, and an abundance of bonuses and prizes!
How to Get Started With 1xBit.com
One more feature of 1xBit is ease of registration. It will take no more than 2-3 seconds for a new player to register on the platform. The last one offers two variants of sign-up:
- One-click sign-up;
- Registering an account via e-mail.
The second way is a standard sign-up process for most of the websites where you need to enter the address, password, and confirm registration following the link sent to the email provided. When a player chooses “one-click” registration, it is enough to choose the currency and enter the email address to get a letter of confirmation and start having fun!
Available Games at 1xBit
Since the number of games on 1xBit is incredibly big, it would be reasonable to group them by types:
Being different from live dealer games, this tab offers access to high-quality video streams of real live games and an opportunity to bet on them. These are usually eSports and live feeds for placing wagers.
Live Casino (Dealer) games
These games have received their names thanks to live dealers that manage it and here, at 1xBit, it is possible to experience this unique joy offered by multiple live casino providers – one of the most extensive numbers of companies gathered on one platform. The number of games to play in such casinos will not disappoint players as well!
Standard casino and Casual games
This category of games is the most extensive one since it has united such leaders of the gambling market as slots, roulette, poker, blackjack, baccarat, and other table and dice games. Moreover, the platform offers not only casino games from the leading game development companies but also casual games developed especially for 1xBit.
Sportsbook section of the website is devoted to sports betting and can be found if you click on SPORTS tab to open a drop-down menu. It is possible to choose a sports event to bet on by type, country, or from the random list provided. There is also a unique feature called ‘Match of the Day” where players can bet on the given sport being played at the moment. It is possible to bet not only on different sports event taking place all around the globe but also virtual and eSports.
Another type of getting available on the platform is guessing figures of the exchange market. Users of the platform can bet on pairs with fiat money or even opt for Forex trading.
Payment and Withdrawal Options
Since 1xBit is a crypto gambling platform, both deposit and withdrawal are performed in cryptocurrency. For this purpose, a player should have an existing crypto wallet with coins. The service accepts payments in more than 20 cryptocurrencies including Bitcoin, Litecoin, Dogecoin, Dash, Ethereum, ZCash, GameCredits, NEM, Bytecoin, Sibcoin, Digibyte, Bitcoin gold, Bitcoin Cash, Ethereum Classic, BitShares, Verge, QTUM, Monero, STRATIS, Ripple, Tron. 4 more Stablecoins such as Tether, USD Coin, True USD and PAXOS ST were added too. Other payment methods are not accepted.
One of the reasons why 1xBit has become so popular for such a short period of time is bonuses and promotions offered by the platform. Players can benefit from the following types of bonuses:
Welcome package up 7 BTC
To get this bonus, a player needs to register an account on the platform and make a minimum deposit of 5 mBTC (or the equivalent). There are bonuses for the first four deposits is they are equal or each of them is higher than the previous one. However, the winnings received thanks to this bonus can be withdrawn wagering a deposit amount 40 times within 30 days. Also this package is accumulated for the 2-4th deposits too, not only for the 1st one.
A Weekly Tournament “Blackjack on Thursdays”
Every Thursday, blackjack players can play at an exclusive Bit BlackJack table in Live Casino Evolution Gaming from 4 p.m. to 12 p.m. This is a tournament where all the players get 1 point for a deposit of 2 mBTC and need to gather 200 points to get a prize. The prizes are given to winners from the fund accumulated by deposits.
Unlimited Cash Back Bonus
This bonus offers players to get bonus points for all bets they have made: no matter whether they are winning or not. Every 500-point bonus can be exchanged for $10 to be added to the account in the currency it has been opened. Bonus points are awarded for every sports bet and are calculated by the formula provided on the website.
VIP Cashback Bonus
Players of the platform can accumulate experience points and get rewards for participating in the loyalty program. Depending on the player’s level of experience, there is a different amount of cashback. The last one is given when you run out of coins on your balance but want to continue playing and can be claimed if your amount of coins on the balance is below 0.2 mBTC.
Accumulator of The Day
The platform gathers the most interesting and exciting events for betting and combines them into several Accumulators of the day (both Sports and Live events) as well as increases odds on these events by 10%.
It is possible to take advantage of Advancebet even if a player’s balance is empty. This bet is given by the platform for betting on sports and live events which will start in 48 hours and information on its amount can be found on Bet Slip. If you Advancebet loses, this bet will be deemed void. However, if it wins, you get a refund to your account in the amount you have added to this bet.
Game of the day
Every day on 1xBit has a game of the day. Playing it and activating a certain number of FS gamblers can get a prize in a form of free spins or a coin gift.
There are websites which provide special bonus codes for 1xBit. Using them, players get a certain bonus from the platform.
Any deposit and withdrawal fees are absent.
Every player can contact customer support of 1xBit 24/7. It works round the clock to solve any issues faced by players. To contact a representative of Customer Support, it is necessary to click the Live Chat button located in the right corner at the bottom of the screen. Another way to get a response from the support team is to send an email. Phone support is unfortunately absent.
It is very rewarding to encourage other players to register on the platform since 1xBit is ready to return up to 40% from the commission according to the affiliate program. The more people will join the platform following the affiliate link, the higher income this player will receive. This commission is paid eternally while a player makes bets on the service. They are paid out on a weekly basis and it is possible to choose a comfortable payment method.
1xBit has its own social media accounts on the most popular social networks as:
- Instagram instagram.com/1xbit
- YouTube youtube.com/channel/UCPAFo4OYJGHCxWlENrdRtWA
- Twitter twitter.com/1x_bit
- 1xBit Blog 1xbit.com/blog
Pros and Cons
Like many other online gaming platforms, 1xBit has a number of advantages and disadvantages.
- An abundance of games, sports, and live events to select from;
- Support of over 20 cryptocurrencies;`
- Availability in 60 languages;
- Round the clock support;
- Awesome bonuses and promotions;
- Easy and fast registration;
- No deposit and withdrawal fee.
- No other payment methods except for crypto;
- Not user-friendly website design.
Sometimes, it can be challenging to find a good platform for playing and sports betting, but with 1xBit, there is no need to look for alternatives. It has gathered everything even the most demanded player can ask for, but gamblers possessing no cryptocurrency have to buy it to be able to join this world of game and sport fun!
How safe is it to make Bitcoin transactions? Despite being called a secure and anonymous way of making payments, there is still a necessity to mix coins to make them untraceable and clean. Anonymix is a platform which was created for protecting privacy, keeping identity and financial information secure. It aims at breaking continuity of Bitcoin transactions and can be used by anyone who wants to keep privacy and own clean coins.
Look: this review will tell about Anonymix platform including its features, fees, support and how it works.
What is Anonymix?
Anonymix is a platform created for mixing Bitcoins you own with ones contained in the reserve pool of the company. It means that tinted coins can be cleaned in this way while every Bitcoin transaction performed via the platform is absolutely confidential and impossible to trace.
The service aims at breaking the continuity between the previous activity of a user and a current one. After mixing coins, it is impossible to find traces of the transactions made and compare them with new ones since new Bitcoins are used for them.
Anonymix is a relatively new tumbler which appeared in 2019 but it has already served a big number of Bitcoin holders. It is only gaining popularity next to other blends platforms operating nowadays.
How Does it Work?
The tumbler works similar to other mixing services functioning today. A user has a certain amount of coins to be mixed, so he or she needs to create a new crypto address or several of them for clean coins to be delivered there. After that, he or she sends the amount to the address provided by the service where all these coins are mixed with private reserves of the company for a certain period of time (the delay time is indicated by a user) and then, clean untainted coins are delivered to one or several addresses provided by the user. There is a viewpoint that the longer coins spend on the platform, the fewer chances there are to trace them.
The main goal of every blender platform is to guarantee privacy to its users since they turn to such services with this purpose. Anonymix has a number of features which help to take the level of anonymity to a much higher level and spend less time and effort on tumbling.
- Quick mix
One of the benefits of the service is a possibility to simplify the transaction confirmation process from 6 stages to only 1. When a user is offered to select a delay time, there is a possibility to choose ‘Quick mix’ function and get only one confirmation to start mixing the user’s coins.
- No registration
The platform has no sign-up feature so there is no need to create any accounts to be able to use it. This is a sign that the service does not keep information about its users in a special database.
The service accepts a minimum of 0.002 BTC and a maximum of 100 BTC per one transaction. Every single mix is valid for up to 120 hours since the time of its initiating.
- Up to 10 address
The service offers its users to distribute clean coins between up to 10 different Bitcoin addresses and even set the percentage from the total amount to receive by every address (many mixing services do that randomly).
- Time delays
It is possible to select quick and random mix as well as choose a 1, 3, 7, 12 and 24-hour delay.
- No logs policy with the possibility to delete logs manually
The No logs policy features a retention period of 7 days, but users can delete it immediately after transaction manually pressing the corresponding button.
- Certification of Origin
Together with clean coins, every user gets a certification of origin confirming that mixed Bitcoins have been received from Anonymix.
Transaction fees of Anonymix are charged from the total amount of the initial unclean deposit. It is similar to standard fees charged by other services and is 0.3% of the total amount. It does not change depending on the amount, but you should pay 0.0001 BTC extra for every additional address to send clean Bitcoins to.
How to Mix Bitcoins
Even if a person is a newbie in coin mixing, there is no need to read for manuals to understand how it works. The service operates without registration which is a guarantee of a higher confidentiality level and requires a user to make several simple steps:
- Open the website and click the ‘New Mix’ button at the top of the page.
- Enter the address (or up to 10 addresses pressing the ‘Add address’ button) where you want to receive mixed Bitcoins. Next to the address, choose the delay time (up to 24 hours) and press ‘Begin Mix’.
- You are redirected to the payment page. Save the ID code provided to be able to check the status of the transaction and transfer funds to the Bitcoin address provided. This page also shows you all the deposit payments and mixed payouts made earlier.
- After you confirm the transaction, the proves is completed and it is left to wait for mixed coins to be delivered to the address(es) mentioned.
Any issues connected with tumbling on Anonymix are solved by a customer support team. Every user of the platform can send a company representative an email using the ‘Contact’ link. It is necessary to provide an email, subject of the message and Mix-ID to get a response. Anonymous emails at supported too.
Any information about the service can be found in the FAQ section on the official website.
The platform offers every user to become a winner of Bitcoins. Every 100th mix on the platform is rewarded with a 25% bonus from the amount mixed. The award is applicable no for first-time users and regular clients.
Anonymix is a new trusted scrambler which will take care of your tinted Bitcoins for a minimum commission. The platform allows mixing coins without registration and almost instantly which can make it outstanding in the market.
Have you ever paid with cryptocurrency for any goods or services? If yes, did you know that the recipient of your payment can easily trace the history of your transactions knowing only your wallet address? All the transactions in cryptocurrency are recorded in the blockchain open-source software, but there is a possibility to leave no trace using SmartMixer platform.
You will agree that there is hardly any crypto holder who will be pleased with the fact that someone can trace his or her funds anonymously.
Look: SmartMixer can be a perfect service to prevent your funds from being traced and this article will tell you how to use it efficiently to leave anyone curious confused.
What is SmartMixer?
SmartMixer is an online tumbler service which allows crypto holders to assume complete anonymity in their funds transactions. It is a mixing platform where every person can mix his or her coins in the pools owned by the service. It means that the cryptocurrencies of a certain person will be mixed with hundreds of other coins and prevent curious people from being capable of tracing other users’ funds online. The trail back to the original source is impossible to determine so it will lead to confusion and nothing else, while user’s coins become clean and impossible to trace after being mixed on SmartMixer platform.
How Does it Work?
If you think that you may wait for hours to get your coins mixed, you are mistaken, it is a fast and simple process which consists of three simple steps:
- Provide the wallet address and transfer coins.
- Have your cryptocurrency mixed.
- Get clean coins.
On theory, it looks very easy to mix your funds online on the platform, but it is important to pay a closer look at the first step of the mixing process since it involves several important points.
First of all, a user needs to select the cryptocurrency required. The platform supports mixing of BitCoin, LiteCoin, BitCoin Cash, and is on the point of introducing Ethereum mixing. The next step is to provide the destination address where clean coins must be delivered. According to the official website of SmartMixer, the more wallet addresses you provide, the better anonymity level there is. Another factor which impact anonymity is the percentage fee set by the crypto holder: the higher fee you pay, the more confidentiality is guaranteed.
It is natural that ordering SmartMixer services you delay your transaction for a certain period of time. That is why the platform suggests its users to set the delay duration since it also impacts the anonymity level.
The next step which is of utmost importance is downloading the Letter of Guarantee. This document specifies that you have sent a certain amount of certain crypto coin and it must be delivered to the final recipient after the stated time period. As soon as you do that, it is necessary to transfer your cryptocurrency to the address offered and receive clean cryptocurrency.
If you are looking for a platform which can remove the trace of your coin transactions, it is necessary to consider the features of SmartMixer platform:
- 100% confidentiality: all the transaction details are deleted immediately after its completion, while the link which allows checking the mixing process status is deleted automatically in 24 hours or by the sender manually;
- No need to sign up: we do not require any personal information of our customers (such as email, for example) since the platform does not have an account system;
- Referral program: by sending a referral link to another person who follows it you will earn up 70% commission on all the fees paid by this user;
- Reliability: you are guaranteed to get your free coins back;
- 24/7 customer support: friendly and professional team is ready to respond every minute;
- Easy-to-use: no special skills required, even a child can cope with this task;
- Utmost privacy and security thanks to the use of Tor Browser.
The platform uses a basic charge on miners’ fee which is given to miners when they confirm the transaction. The minimal service fee for all crypto coins supported is 1%, while miners’ fee per receiving address depends on the cryptocurrency mixed:
- Bitcoin – 0.00045529 BTC
- Litecoin – 0.01072904 LTC
- Bitcoin Cash – 0.00273174 BCH
In addition, the platform rewards every user with a Smart Code which prevents them from receiving funds they mixed earlier and provides with a possibility to get a discount (its size depends on the total amount of cryptocurrency mixed).
How to Mix Bitcoins
As it was mentioned earlier, there are several steps to completed to get your Bitcoins mixed. When you choose BitCoin as a cryptocurrency for mixing, you are asked to provide order details including a Smart Code (if there is any), the receiver address, select the pool assignment, and a transfer delay (up to 72 hours).
It is worth mentioning that pool assignments at SmartMixer can be of three types:
- Standard Pool (client’s coins are mixed with incoming funds of other users).
- Smart Pool (client’s coins are mixed with incoming funds of other users, private reserves of the service, and coins from investors).
- Stealth Pool (client’s coins are mixed only with private reserves of the service, and coins from investors).
As soon as you fill in this data, you will be redirected to the page with Terms to read and agree with. The next step is sending your digital money to the address suggested. This page also offers a client to download the Letter of Guarantee and copy the Smart Code. You can also learn how much you will receive using a calculator at the bottom of the page. When you send your crypto assets to the address provided, the mixing process is finished. The only thing left is to wait for your clean funds to be delivered to the recipient.
The support team of SmartMixer is always ready to give a helping hand to the users of the platform. It is available round the clock so you can easily connect with its representative.
The ‘Support’ button is located in the upper right corner and when you press it, you see a window which suggests you leave a message for the support team. Users are asked to enter their name, explain how this team can help you and upload the Letter of Guarantee.
The following blender platform offers a referral program for its users. It features one of the highest commissions on the web which reach up to 70%. The service pays a 55% commission on all fees the referral pays. Moreover, you will get 10% and 5% commissions of the referrals invited by your referrals.
How to invite referrals? It is enough to share the link provided on the website to earn money thanks to your friends and relatives. The access to referral program is free and is given for a lifetime when you provide your BitCoin address.
SmartMixer is a great solution for crypto holders who want to keep their transactions secure and confidential. The service can be accessed by everyone who transfers BitCoin, LiteCoin, BitCoin Cash and soon Ethereum will be added to this list too. The mixing process is easy and quick as well as reliable. Moreover, there is a minimum commission and a possibility to earn on referrals.
There are many countries around the globe that are starting to more seriously enforce cryptocurrency tax reporting requirements. If you have not been keeping a detailed record of all of your cryptocurrency transactions, reporting can become a time consuming and challenging task. CryptoTrader.Tax is a platform that is built to make your crypto tax reporting a fast and simple process.
This article will provide you with more details about this tax management software and help you to start using it for your benefit.
What is Cryptotrader.Tax
CryptoTrader.Tax is a crypto tax management software created for calculating trading gains and losses and preparing official tax reports on them. It is one of the most user-friendly tools which makes tax reporting much less painful. The software has built a large historical database of all crypto prices so the tax reports provided are known for their accuracy down to the minute. As a result, every user can create and send his or her tax report with the click of a button without spending hours preparing it. The platform offers access to all reports made between 2010 and 2018 years.
There are several types of crypto tax reports to be created on the platform:
- Audit Trail Report (shows the numbers used for calculating trading gains).
- IRS Form 8949 (includes all of your short term and long term gains from cryptocurrency trading).
- Short & Long Term Gains Report (includes Cost Basis, Proceeds, and Net Gain/Loss).
- Cryptocurrency Income Report (includes Gifts, Mining, and Income).
How Does it Work?
Without the use of software, creating your crypto tax reports can take hours if not days; however, with Cryptotrader.Tax this process takes only several minutes. To build your tax report, follow 5 simple steps:
- Select one or several exchanges you have used
- Import your trades
- Add your crypto income as well as other crypto transactions
- Look through the data provided to ensure its accuracy
- Create your tax report and download from the platform
The main benefit of Cryptotrader.Tax is the support of all the existing crypto exchanges, so there are no difficulties in importing a user’s trading history. There is an import guide on every exchange, and it can be accessed directly from the platform by clicking it. This helps to walk users through the import process. It is important to provide data from all exchanges and from all years so that you do not miss any transaction data.
The platform is quite versatile offering its users multiple features including:
- Support of multiple cryptocurrencies;
- Simplified data import;
- Data visualization;
- Tax management;
- Different tax calculation modes;
- Income, opening, and closing balance reports;
- Yearly long and short-term balance summary;
- Possibility to export to Excel, CSV, and PDF;
- Easy tax reporting with TurboTax.
Supported Crypto Exchanges
When it comes to the list of crypto exchanges supported by Cryptotrader.Tax, it includes both the most prominent and gaining popularity services such as:
- Huobi etc.
The total number of exchanges supported is 23. These are ALL trusted crypto exchanges existing on the web nowadays. Users can import their trades automatically from these platforms using their API keys, or can import the CSV transaction history file that their exchanges exports to them.
How to Switch Your Crypto Taxation to CryptoTrader.Tax
Every crypto trader realizes the importance of providing accurate data, and that is one of the reasons why CryptoTrader.Tax platform is a good choice to calculate tax liability for crypto holders. This platform prevents traders from overpaying as well as minimizes the tax liability.
Even if a person used to make up crypto tax documentation manually previously, it will not cause any difficulties to switch to this simplified variant.
The first step to make for every trader is to sign up for CryptoTrader.Tax platform. It is an absolutely free procedure without any obligations or information about users’ credit cards or personal identifying information.
The only information you need to provide is your email and password. The platform also encourages its users to read Terms and Conditions and agree with the information mentioned there. As soon as you confirm your email following the link, you can login your account and start working on your tax report.
The cost of the report ordered from CryptoTrader.Tax depends on the number of trades made. However, there is a free plan too. It allows users to:
At the same time, if a user wants to get a tax report and access all the functionality of the service, it is necessary to buy one of three paid packages. Each of them differs in the number of trades and cost but includes the following features:
- Unlimited Report Revisions;
- IRS Form 8949;
- Capital Gains Report;
- TurboTax Integration;
- Live Chat Support.
This plan is suitable for users with up to 100 trades and costs $49 per tax season.
The following plan is for users with up to 2,500 trades and its price is $99 per tax season.
High Volume Trader
Users of this plan have made over 2,500 trades and need to pay $199 per tax season.
How to Pay Taxes
CryptoTrader.Tax is the first cryptocurrency tax company to partner up with TurboTax. The last one is the software used for tax preparation. It is enough to import both gains and losses into TurboTax Online or a desktop version of this software to allow every user to E-File crypto gains and losses with his or her full tax return.
Taxes are paid in the national currency of the country where you live. In the US, for example, it is necessary to convert cryptocurrency to the dollar and then pay taxes. The IRS states that it is necessary to determine the fair market dollar value of the cryptocurrency as of the day a person received it for complete cryptocurrency taxes reporting.
If users of the service have any questions or want to learn more about the process of preparing a tax report, it is possible to open the Support tab and read articles as well as answers to FAQ. There are four sections which include Getting started Guides, Common Issues, FAQs, and Taxes.
If there are any issues which are not mentioned in any of these sections and articles contained there, it is possible to send a message at [email protected]
One more pleasant benefit was prepared for affiliates since CryptoTrader.Tax will reward everyone who attracts new users to the platform. It offers to earn a 25% recurring commission for each referred customer.
Moreover, there is one more benefit for Cryptalker users who can use coupon code CRYPTALKER10 and get a 10% discount on all tax reports.
CryptoTrader.Tax is a great service for people who do not want to waste their time for time-consuming calculations and filling in the forms to make up tax reports on their crypto gains and losses. With this software, this process gets much faster and less painstaking as well as minimizes possible mistakes. For more information about crypto tax calculators like CryptoTrader.Tax, you can visit their website.
It is not easy to find a reliable bot which can increase your earnings from crypto trading. However, there is one platform which can improve this experience and its name is Cap Club.
You may wonder what sense there is to use this platform to trade crypto. Its are installed not only to simplify the process of trading but also make profits grow. This review will tell you the basic information about Cap Club platform and how to use it to your advantage.
Tronipay is a Fintech payment company that specializes in online monetization solutions, online payments, merchants service, and e-wallet
The high growth of the market has created new opportunities and attracted talented entrepreneurs to come up with novel business models using the blockchain technology, this is the example of Tronipay, a Fintech payment company that specializes in online monetization solutions, online payments, merchants service, and e-wallet.
“We have integrated and develop payment methods across Latin America, in countries such as Mexico, Brazil, Colombia, Argentina. Our API allows more settlement solution across the globe and helps the Merchant to collect Locally a get settle international. In Asia, Tronipay has integrated Alipay and Union Pay”, says Paulo Samuels, COO of Tronipay.
Tronipay has extend options for cross-border eCommerce in Brazil for Boleto and card processing. Tronipay’s payment platform provides gateway services, processing and collecting, fraud prevention for both Brazilian and international merchants, Visa & MasterCard card processing, prepaid debit card solutions, banking and payment solutions and currency exchange.
Also, the company has launch its Tronipay (TRP) currency, that will be very useful for users, since it will have a great differential of being a currency with instant liquidity through the TronipayCard, where users can withdraw in ATM and buy worldwide. You can get your token on Bitker.com, ProBit.com, Fubt.com, Coinmarketcap.com, Coingecko.com, Latoken.com and soon it will be on more exchanges.
The objective of the TRP is to be an integral part of the Tronipay ecosystem, where customers can have all the solutions for their business or personal life within a single click. Living with financial freedom is a decision that cannot wait. Tronipay is the ideal solution, with a global platform where you can make transactions in an agile, simplified and secure way.
“What makes our project different is that our TRP is not like any Token you have seen. Our company Tronipay has been in business since 2014, helping international merchants to sell locally in Latin America mainly in Brazil, our payment platform has integrated payment solutions such as Visa, MasterCard and Amex”, says Paulo Samuels, COO of Tronipay.
In Brazil Tronipay is one of the biggest companies to process Boleto and provide an API for international merchant to accept this payment method. Today we have 13 thousand Tronipay user and over 100 Merchants processing through our payment platform and wallet.
Tronipay has a partnership with China Union Pay for e-commerce card processing and POS solution in Latin America using Tronipay payment network and provide POS terminals with UnionPay logo to stores in Latin America.
Also, we have launch Tronipay Union Pay Card that is accepted on ATM and POS worldwide. You can use your TronipayCard to withdrawal cash and to purchase in stores and the TRP is linked to our card.
Our platform allows controlling different portfolios of digital assets and having access to a mix of services that includes deposits, payments, withdrawals and transfer of balance to other users. Security is guaranteed by a rigid protocol, with more than 400 rules of analysis, ensuring that your data and contracts are fully protected.
Tronipay is creating a universal decentralized reputation and trust solution that works seamlessly with our UnionPay Card, where users can buy or withdraw from anywhere in the world in the Ethereum blockchain, leveraging smart contract technology. The card is available in www.tronipaycard.com
“Today we serve all Latin America and Asia, with payment processing, and with our cards, we can also reach every community of users of crypto-coins since our Tronipay Card-UnionPay is accepted worldwide for purchases and ATM withdrawals”, said Samuels.
The company goal is to solve the problems of liquidity, sending and receiving of values to other countries presented by the other companies that currently operate globally, offering services of excellence, with more advantages.
Tronipay enable companies to reach their full potential in high-growth markets by transacting locally with minimal operational exposure and maximum reach.
Tronipay is making every effort to become the best payment processor in the world, always respecting the users and observing the legislation of the countries in which we operate. For more information you can write us at [email protected]
The anonymity of transactions is a core tenet of Bitcoin’s functionality, so many users are dismayed when they learn that their financial information is not as secure as they believed. With every transaction is recorded on the blockchain, some dedicated research can link a Bitcoin address to the owner’s real identity. Those truly concerned with protecting the anonymity of their Bitcoin transactions turn to the services of Bitcoin mixers like smartmix.io.
Bitcoin is the pinnacle of mobile money. Therefore, you needn’t be surprised to know that crypto apps are becoming increasingly popular, and plentiful.
Bitcoin Clicker is one of those popular crypto apps. It is available on iOS and on Android. Here is our review of this app.
Perhaps the biggest drawback for people who wish to enter the Crypto markets, if the difficulty in exchanging their fiat currency for crypto, and then exchanging it back again. There is a lot of investment, worldwide, going into solving this problem. Here, we are going to focus on the Sipira Crypto exchange Service.
Sipira is a digital currency exchange, known for being one of the fastest platforms to exchange your Bitcoin for fiat currency. Sounds like something the world needs, desperately! Right? Here is our review of Sipira.