2020 Year in Crypto Tax Review
Tags: Cryptocurrency, Taxes, Cryptocurrency News, Blockchain, Bitcoin

2020 is coming to a close, and we wanted to reflect on the achievements and progress that we’ve made here at ZenLedger this year.

We also want to thank our customers for providing us with feedback so we can continuously improve our product for you. We are working hard to make sure that doing your cryptocurrency taxes with us is easy and stress-free.

A special highlight this year was the launch of our resolution center which helps customers resolve missing or incorrect data in their transaction history, and review any historical cryptocurrency tax income such as mining, staking, lending, gifts, or even exchange rewards like airdrops and forks.

In 2020, we had over 15 million transactions routed through the ZenLedger platform, so the resolution center was a must!

We are proud to say that ZenLedger supports more exchanges, coin types, wallets, and DeFi protocols than our competitors, and are continuously adding more integrations. We also support Margin Trading, Staking, and Lending.

Here is a 2020 highlight of new features and benefits that we added to ZenLedger this year, so you can see why we’re the best crypto tax calculator on the market. And, a small taste of what’s to come in 2021!

🔰 DeFi

We are on a mission to be the go-to resource for DeFi taxes and are leading the way with integration for 20+ DeFi protocols. We are proud to say we were the first to launch and integrate DeFi support. This year we also launched our reconcile center which has built-in special algorithms to reconcile your DeFi tokens.

DeFi Integration Highlights:

Zerion

Defisnap

Aave V1 + V2

Uniswap V1 + V2

Binance DEX: Track Yield Farming Swap

Synthetix Network Token (SNX)

Polkadot (DOT) Support is live and includes: DOT Staking, Old DOT to Mainnet

WETH, WBTC, YFI

Compound

LUNA Coin Blockchain Support

Kava Coin Blockchain Support

Balancer Protocol

🚀 Exchanges

We support over 400+ exchanges. Exchanges added this year.

Okcoin

Tidex

OKEX

CashApp

Lykke

Cex.io

Vinex

💼 Wallets

Wallets added this year.

Trust Wallet

Ledger Live Parser

Mycrypto Wallet

Coinomi Wallet

MetaMask Wallet

Exodus Wallet

Tezos (XTZ) V2

🏵 Tokens

We support over 7000+ tokens. Tokens added this year.

BEP2 Token Ecosystem

Bancor Network

EverCoin

Support Coin: VALUE, VETH, YFV, EMN, STA, PRQ, RARI, DIA, KAI

JOY

NFT & ERC-721

ETH Complex Fee Support

🧩 Blockchains

We support 37 Blockchains, the HIGHEST number compared to other crypto tax and bitcoin tax providers.

Blockchain Support Highlights:

Harmony (ONE)

Syscoin (SYS)

Vertcoin (VTC)

DigiByte (DGB)

Verge (XVG)

Aion (AION)

Zillaqa (ZIL)

Algorand (ALGO)

📈 Margin Trading

We now support margin trading for Poloniex, Deribit, Kraken, Liquid, KuCoin, BitMex, and Gemini, and can handle these for you.

Margin Trading Fee

Margin Trading Gain

Margin Trading Loss

Margin Trading Rollover

Margin Trade Settled

Staking Reward

🔒 Security

We care deeply about our clients’ privacy and now offer 2FA (two-factor authentication).

📍 Tax Professional Suite

We offer the most robust features for tax professionals to use ZenLedger, and we launched a new portal for you this year. In our latest release, you now have a master view of all of your client’s transactions in one easy dashboard. Tax Professionals can also be invited into ZenLedger at no cost to complete their client’s crypto tax forms.

🤝 Partnerships

We have some of the best partnerships in the crypto space! We also have some exciting developments for 2021, and can’t wait to announce those next year.

🔮 What’s to Come for 2021

We are working hard to bring improvements across the entire ZenLedger ecosystem, including a new UI, a new user-friendly dashboard, and overhauling our website. And as always, we are adding integrations as fast as we can!

Have cryptocurrency tax or bitcoin tax questions for us? We’re all ears!

Drop a note to hello@zenledger.io or visit us over at our website https://zenledger.io/

See you all in 2021!