Cryptocurrency tax season can feel like navigating a maze. You have to track transaction histories, calculate gains and losses, and ensure you’re in full compliance, and it’s easy to get overwhelmed. However, with Coinledger, the process becomes far more streamlined for Tangem Wallet users. In this guide, we’ll walk you through everything you need to know to file your crypto taxes confidently.
What is Coinledger?
CoinLedger is a crypto tax software and portfolio tracker used by over 700,000 investors worldwide. It simplifies the process of tracking your portfolio and generating a comprehensive crypto tax report. Users can effortlessly import transactions from Tangem and many other wallets and exchanges, making financial management a breeze.
How does CoinLedger work?
With CoinLedger, you can import your transactions from Tangem and other wallets and exchanges. This platform seamlessly integrates with Ethereum and many different blockchains, allowing you to monitor your crypto assets in one convenient dashboard.
When tax season approaches, you can generate a comprehensive tax report, which can be easily imported into TurboTax, TaxAct, and other tax preparation software. CoinLedger’s portfolio tracking features are free! There’s no need to pay until you wish to download your tax report.
How to integrate Tangem Wallet with CoinLedger
Here’s how you can import Tangem Wallet transactions into CoinLedger.
On the CoinLedger interface, click Account and choose Tangem Wallet.
Log in to your Tangem Wallet and select the token you want to import.
Tap Receive on the token page.
Tap Copy to copy your wallet address for this blockchain to your clipboard.
Return to CoinLedger and select Connect Wallet on the new Tangem Wallet tab.
Paste your address into the Wallet Address field. You’ll also be prompted to select the blockchain you would like to import.
CoinLedger will automatically scan this address to see if it was used on any other blockchains. Click Agree.
After a moment, CoinLedger will ask you to review each of the blockchains it recognized. This allows you to import all of your Tangem Wallet transactions in one click. You can remove or modify any of the suggested blockchains on this screen.
Once you’re ready to proceed with your import, select Sync Transactions.
Once you’ve completed these steps, your Tangem Wallet transactions should be imported to your CoinLedger account. After you import your other wallets, you can generate a complete crypto tax report.
How much does CoinLedger cost?
While CoinLedger’s portfolio tracking features are free, the cost for a tax report varies depending on how many transactions you have. Typically, a tax report costs between $49-199. For more information on CoinLedger’s pricing, click here.
Does CoinLedger offer customer support?
CoinLedger offers customer support to all users (including those on the free plan). You can reach out via [email protected] or by using live chat within the CoinLedger app.
Is CoinLedger safe?
CoinLedger imports transactions through your publicly available blockchain address. The platform does not have the ability to access your wallet or make trades on your behalf. CoinLedger also follows security best practices, like 256-bit encryption, to keep customer data safe.
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