Hodlnaut Announces Partnership With Koinly

Cryptocurrency
First published
March 27, 2022
Last updated
June 30, 2022
Hodlnaut has partnered with Koinly to streamline tax reporting for hodlers

Singapore, March 27, 2022 – Hodlnaut, a crypto lending and interest-earning platform based in Singapore, is proud to announce that it has partnered with crypto tax reporting firm Koinly to simplify the tax reporting process for hodlers.

Koinly is a reliable platform that calculates cryptocurrency taxes, helping investors to calculate their reportable crypto income correctly, and potentially avoid paying too much tax due to miscalculations. It is available in 20+ countries and also supports IRS Form 8949 and TurboTax. With Koinly, hodlers can import their ETH, BTC, Tezos, and other transactions directly from the ledger and also sync their exchange trading history with a single click. One can get a ready-to-file tax report within minutes with Koinly.

Koinly also offers a user-friendly dashboard that allows hodlers to monitor their total holdings, ROI, and growth over time. Hodlers can also view realized and unrealized capital gains.

Hodlnaut constantly strives to provide better service to customers and partnering with Koinly will help the firm achieve this. As per the partnership, Koinly will provide a 20% discount to Hodlnaut users and it will be valid till May 16, 2022. To avail of the discount, use code BD8AE816.

“Our partnership with Koinly aims to make tax reporting easier for hodlers. Koinly offers a gamut of features that will provide the necessary tax form support to our customers and enhance their hodling experience,” said Juntao Zhu, CEO, and Co-Founder of Hodlnaut.
“With tax offices clamping down on crypto around the world, investors are under a lot of pressure to get their crypto reporting right. Of course, this is no easy task, and spreadsheets simply don’t cut it. Koinly is built to make every part of crypto tax calculation easy, intuitive, and most importantly, accurate. We look forward to taking care of the Hodlnaut community at tax time”, said Tony Dhanjal, Head of Tax of Koinly. 

Koinly helps users securely sync their transaction data to get a complete picture of all their trading activity. The platform also enables hodlers to generate tax documents and say farewell to absurd gains as well as inaccurate tax reports. Moreover, the platform is packed with tools to spot, troubleshoot and correct any tricky transactions. 

About Hodlnaut

Hodlnaut is a Singapore-based cryptocurrency borrowing and lending platform that allows users to earn interest of up to 7.25% on their cryptocurrencies by lending them to vetted institutions. Founded in April 2019 by bitcoin maximalists Juntao Zhu and Simon Lee, Hodlnaut has grown remarkably over the years. 

Hodlnaut has received an in-principle approval (IPA) for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PS Act) for its Token Swap feature. The firm is also a certified Fintech by the Singapore Fintech Association, an accreditation recognized by the MAS.

For more information, please visit www.hodlnaut.com.

About Koinly

Koinly was founded in 2018 and was built with the idea of solving crypto tracking and tax reporting for investors. The platform believes that cryptocurrency acceptance goes beyond wallets and exchanges and needs the right tools to manage cryptocurrency. Over 11k tax reports have been filed on Koinly with $250 million funds tracked.

For more information, please visit: https://koinly.io/

Disclaimer: 

The content of this webpage is not intended to be and does not constitute any tax advice or recommendation in any form. It is for general purposes only and does not take into account your individual needs, tax obligations, and specific financial circumstances. You are encouraged to consult your tax advisors or tax authorities concerning any tax obligations.

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Disclaimer: By using Hodlnaut, users expressly acknowledge and agree to the Terms of Use listed on our website at www.hodlnaut.com. This includes the relevant risk warnings applicable to you as a user of Hodlnaut's services, prior to/when carrying out Digital Payment Token (DPT) transactions. This article is for informational purposes only, and is not an offer nor a solicitation to invest in DPT, securities, funds, partnership interests or other investments or funding or purchasing loans. It is the user's sole responsibility to conduct due diligence and research extensively into each DPT and platform, and understand that the volatility and unpredictability of the price of DPT may result in significant loss over a short period of time. No information on Hodlnaut should be considered to be business, legal, financial or tax advice regarding the use of Hodlnaut. Users should consult their own legal, financial, tax or other professional advisors before using Hodlnaut. Please refer to our website at https://www.hodlnaut.com/tos for the full Terms of Use.

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