The Partnership that Makes Crypto Life Easier: Dogechain and Binocs.co Offer Live Portfolio Tracking and Tax Reporting for Dogechain Users
Your biggest ordeal in crypto is figuring out how to keep track of your tax. This proves to be a very difficult task. How do you go through all your transactions in several exchanges and wallets and account for every tax on them? Almost impossible, if you ask me.
It is complicated and time-consuming to keep track of your portfolio, report your taxes and do your accounting. You have to deal with multiple exchanges, wallets, platforms, and protocols, each with its own data formats, fees, and tax rules.
You have to constantly update your spreadsheets, calculate your gains and losses, and figure out how much you owe to the tax authorities.
Dogechain, as a blockchain that is committed to making its community’s members’ lives much easier and helping them with tools that could make painstakingly slow processes faster, decided to find a solution to help their community manage their Dogechain portfolio, stay committed to paying their taxes, and avoiding tax evasion. That solution was Binocs.
Binocs.co has fully integrated Dogechain and you can start tracking data immediately with the app. But first, let’s fully understand what Binocs is, what you can do with it, and how to get started on it.
What is Binocs.co?
Binocs is the simplest crypto accounting and tax platform for everyone, designed to make your crypto life easier, whether you are an individual, an institution, or an enterprise. It offers live, accurate portfolio tracking combining Centralized Finance (CeFi) and Decentralized Finance (DeFi) and is 100% trusted by tax and accounting professionals.
Binocs is a platform that provides these 3 solutions:
1. Tracks your crypto portfolio
2. Reports your taxes
3. Performs seamless accounting and calculation of your taxes.
Binocs is used in over 50 countries around the world and is completely in line and compliant with the Tax laws of the governments of India, the USA, South Africa, the UK, and Australia. It has over 6M+ transactions, worth $3B processed.
Binocs.co supports over 300 exchanges and chains, from Bitbns, and WazirX to Binance and Coinbase. You can easily import your trades from both CeFi and DeFi by connecting your wallets and exchanges to your Binocs account.
All your transactions are automatically synced in Binocs.co, so you always have the most up-to-date information. And if you ever need to export your data, you can do so in CSV format.
But what about your privacy?
Binocs.co respects your privacy and does not ask for any KYC verification. It also uses 2FA and end-to-end encryption protocols to prevent unauthorized access to your data, even in the event of a security breach. And if you ever decide to delete your account, you can use the permanent data deletion feature that ensures that your information is wiped from their servers.
With Binocs, you can set your tax reporting to autopilot and achieve the following seamlessly:
1. Connect your wallets and exchanges and import your trades easily.
No matter what kind of crypto assets you have, Binocs can handle them. Whether you are into NFTs, ICOs, crypto tokens, or even metaverse land, Binocs can import your trades from over 300 wallets and exchanges. You don’t have to worry about different data formats, fees, or tax rules. Binocs does it all for you.
2. See your portfolio performance at a glance.
Binocs gives you a clear picture of your crypto portfolio, both from CeFi and DeFi. You can see your realized and unrealized gains and losses across multiple platforms in one dashboard. You can also get an estimate of your capital gains and tax liability for the financial year, so you can plan ahead.
3. Generate IRS-compliant reports with a click.
Binocs saves you time and hassle by generating accurate crypto tax reports that are ready to be submitted to the IRS. You can download them in various formats, such as CSV, PDF, or Excel, and upload them directly to the IRS website. No more manual data entry or calculations are required.
Partnership With Dogechain
Dogechain’s partnership with Binocs is seemingly clear. Binocs has features the Dogechain community requires to enable them to manage their crypto portfolios and taxes.
As a Dogechain user, you can easily connect your wallets and exchanges and track your Dogechain transactions via your wallet addresses to get a comprehensive overview of your holdings.
You can also view your portfolio performance, calculate your capital gains and tax liability, and generate IRS-compliant reports with a click.
All it takes is for you to sign up on Binocs and get started!
Signing Up on Binocs
Signing up on Binocs and managing your crypto accounts is completely free. How to do so?
1. Go to https://app.binocs.co/signup
2. Sign up with your Google account or input your details.
3. Click on ‘Create Account’ and you will be automatically signed in.
To connect to/add your Dogechain account, follow these steps.
1. On the Accounts section, search for Dogechain.
2. Enter your public address.
3. Click on “Sync Data”.
- Once synched, your Dogechain account would read on the Dashboard.
- Go to the ‘Transactions’ section to see all your transactions on the Dogechain blockchain.
- Go to the ‘Taxes’ section to see all your curated taxes. If you find a notification of unresolved issues, click on it, review it, and resolve them.
- From the Taxes section, you can book an expert for consultation.
There is also 24/7 Support available around the clock to provide support and assistance whenever you need it.
The partnership between Dogechain and Binocs.co is a major milestone for the Dogechain ecosystem. It shows how the Dogechain team is working continuously to create value for their users and the wider community.
Sign up for today and start keeping track of your portfolio and taxes effortlessly.
Dogechain is a Layer 1 blockchain that leverages the Polygon Edge framework to become a stand-alone EVM-compatible chain. It was created to bring utility to Dogecoin ($DOGE) by enabling it to be wrapped by a smart contract and bridged to the chain where it can be used to engage in different Web3 and DeFi use cases.
Dogechain is popularly called the “memechain” and it is a community-first ecosystem for $DOGE believers and holders created by Dogecoin enthusiasts who believed that $DOGE can do more than just be held.
Connect and stay updated with the latest news and updates of the Dogechain Family by joining its social sites: https://linktr.ee/dogechain