Cases Crypto Tax Management and Payment Innovative Tool

Blockchain

Crypto Tax Management and Payment Innovative Tool

A new solution for web and mobile cryptocurrency tax calculations. With this tool the workflow is 30% faster, with tax reporting in just 20 minutes. More than 20 governments have already accepted the generated reports. The platform ships with multilingual support across five languages on mobile and web.

Crypto Tax Management and Payment Innovative Tool

Goal

Our customer wanted to get solutions for this project that are aimed to:

  • Increase the speed of reports production (decrease the time and actions before sending this report to the tax agencies).
  • Have the ability to import transactions from multiple data sources (crypto wallets, exchanges, etc.). In addition, it must work with margin/futures, DeFi's, and stacking platforms.
  • Create the platform, accessible from any device (desktop, laptop, tablet, or smartphone) and multilinguistic (English, German, French, Swedish, etc.).

Challenges

Creating a complex project meantime following prior goals our team encountered several difficulties to overcome. Our main challenges that were resolved to foster the project:

  • Secure login: as the platform is connected with finances, it was a time-consuming process of providing high-level security for mobile & web login with lots of captchas, password encryption, etc.
  • Development & maintenance of three apps simultaneously: landing, web, and mobile.
  • In-app updates for mobile app: without leaving it to the Google Play store or App Store.
  • App translation for many languages & data import for each platform, including mobile apps.
  • Unify user experience from multiple platforms, practices, etc.

Solution

How we built it.

The team created an innovative mobile project from scratch containing all web-version features — graphs, filters, transaction import and more. As a time-efficient mobile app, it provides diverse documentation (including form 8949 and transaction history). The platform is oriented towards crypto integrations and the ability to add new wallets, combining high-level security with in-app updates and internationalization.

01

Wallets

The first screen shows a list of all wallets added by the user with information about last sync time and wallet's holdings. On the second screen after creating an account the user is asked to add his wallet from the list.

02

Dashboard

On the first screen below the graph there is a list of user's holdings. It contains such info as balance, cost, market value and ROI. On the second screen a user can see a total value and cost of all his crypto holdings displayed on the graph.

03

Transactions

The first screen shows a list of user's transactions which can be filtered and sorted by multiple different parameters. On the second screen there is also a detailed screen where the full info about each transaction is displayed.

04

Markets

The first screen shows current market prices for various crypto currencies. The second one is also a detailed screen for every currency with a graph.

05

Tax Reports

On this screen a user can see his gains (or losses) for the chosen year and download a tax report.

06

Plans

To improve the user experience, there are different plans available to purchase with various additional services.

Tech stack

What it runs on.

Infrastructure
Netlify REST API
Development Stack
React Native Redux Document Picker WebView React Google Analytics i18n Highcharts

Outcomes

Outcomes and Benefits

Our team has built a high-tech crypto taxes project that helps our customer manages the workflow and payment making-process. The usage of this app and our software helps customers create their annual crypto reports within just 20 minutes — the workflow became 30% faster, and more than 20 governments have already accepted the generated reports. This result makes the management project not only easy to use but time-effective. Moreover, the app calculates the cryptocurrency value and provides lots of analytics for portfolio trends, margin gains, etc.

20 min
Tax-report turnaround
20+
Governments accept reports
5
Languages (mobile + web)

"

The usage of this app and our software helps customers create their annual crypto reports within just 20 minutes.

Client team

Tell us what you're building.

40+ shipped engagements behind us. We don't take on every opportunity — but the ones where the problem fits the work we do exceptionally, we're glad to partner on, often for years.

14
Years in practice
5+
Avg partnership yrs

Recognized by Clutch

Top IoT Developer Companies — California Top Web Developers — Los Angeles

HubSpot form (portal 242984681, form ba6582dd-2a5a-4698-8d78-3ddcc471cb4e) — loads on the client.

We work with a deliberate roster of clients each year. If we're not the right fit, we'll tell you — and point you somewhere that is.