Determining the original purchase price of crypto assets, especially with frequent trading on multiple exchanges, pose hurdles for crypto tax and accounting..
Crypto prices are highly volatile and trade 24/7. Calculating the fiat value of transactions at the exact time they occurred across different time zones can be burdensome. Moreover, users often trade on global exchanges, creating confusion about which country's tax rules apply. Other jurisdictions treat crypto assets and transactions differently.
What are the pain points when performing crypto taxes and accounting?
Complex crypto transactions and the need to track cost basis accurately
Handling large volumes of transaction data and ensuring data accuracy
Integrating crypto transactions with existing accounting systems
Dealing with different types of crypto assets and their varying tax treatment
Lack of historical data from the cryptocurrency market
Spending a lot of time collecting data from various resources
Poor data quality
How does CoinAPI solve this issue?
Get transaction details
- CoinAPI consolidates transaction details, simplifying tax reporting and accounting
- You'll get transaction details from various sources, streamlining tax reporting and accounting
- Synchronize transaction data in real-time, ensuring up-to-date tax reports and accurate accounting records
One API to access all of your customers' balances and trades
- Simplified and standardized data for tax calculations, saving developer hours and reducing complexity
- Leveraging standardized data for tax calculations, eliminating manual data processing and enabling efficient tax reporting
Get access to real-time and historical crypto market data
- Track multiple cryptocurrencies' prices in one place instead of attaching data from different resources
- Access to features like data filtering, aggregation, and transformation to improve data accessibility and usefulness
High-quality, normalized data
- Access structured data from multiple exchanges, simplifying integration and processing
- Access high-frequency exchange rates, order books, and unique low-frequency data
- Gain comprehensive insights from aggregated data across multiple exchanges
Reduced development cost & time
- Developers can easily implement APIs without dealing with multiple APIs themselves
- CoinAPI enables seamless app integration for an efficient stack
- CoinAPI offers REST, WebSocket, and FIX protocols to facilitate faster integration between API and users
Integrate easily
- Easy integration with third-party trading systems
- Quick response time
- Interact with crypto data easily to focus on your own solution development
Full API maintenance
- Leverage CoinAPI's SDK infrastructure to avoid the burden of maintaining your own API
- Easily synchronize your crypto wallet with the cryptocurrency ecosystem using CoinAPI
- API integration unlocks new features and functionality, and CoinAPI offers infrastructure and tools for seamless integration
Why Developers Love Us?
Our API is built by developers, for developers. We give the right tools and resources to streamline your workflow and complete products faster and more efficiently.
Our core values
Why Choose CoinAPI?
Serge Kaulitz, Head DLT / Blockchain & Digital Assets
Luzerner Kantonalbank (LUKB)
"For us, selecting a Coin API is about reliability, transparency, and value. We look for broad currency coverage, consistent and verifiable pricing, and robust data access. Easy integration and responsive support are essential to build secure and scalable services."
