Products & Services
Coinsmonk’s
Story
The Introduction
Coinsmonk is a cryptocurrency portfolio and taxation management app designed to simplify and streamline the management of various cryptocurrencies across different exchanges and wallets. Alongside providing a comprehensive view of the user’s crypto portfolio, Coinsmonk also calculates and generates tax reports, providing a holistic, simplified experience to crypto investors.
Coinsmonk aims to democratize cryptocurrency management and tax accounting in India. Our solution combines ease of use with powerful analytical and reporting tools, designed to cater to both novice and experienced crypto investors.
Problem Statement
With the rapid increase in the adoption of cryptocurrency in India, more and more investors are diversifying their portfolios to include various digital currencies. However, managing cryptocurrencies across different exchanges and wallets can be a complicated and time consuming process. Additionally, the calculation and generation of tax reports pertaining to cryptocurrency investments is often a complex task, given the lack of user-friendly and comprehensive tools that cater to the Indian market.
This complexity is further compounded by frequent changes in the value of cryptocurrencies, making it challenging for both novice and experienced investors to maintain an accurate, holistic view of their investments and fulfill their tax obligations accurately and on time.
Solutions
Coinsmonk is a cutting-edge cryptocurrency portfolio management app specifically designed to address these challenges. It simplifies the process of managing multiple cryptocurrencies by providing a comprehensive, real-time view of the user’s crypto portfolio across various exchanges and wallets. Its robust analytical tools allow for the tracking of portfolio performance and the provision of strategic investment insights, catering to the needs of crypto traders & investors.
Furthermore, Coinsmonk alleviates the burden of tax accounting by automatically calculating and generating tax reports based on the user’s crypto investments. It simplifies the often complex and confusing process of cryptocurrency tax reporting, ensuring compliance with Indian tax regulations.
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