Blockpit - a cloud platform that simplifies crypto tax reporting

Alex Shchetynin

Backend Engineer
Frontend Engineer
Java
React
Spring Boot

Client

Blockpit AG

a leading startup in crypto taxation, secured $11M in Series A funding. Awarded "Best Blockchain Startup in Central Europe" and part of Austria's startup300 ecosystem.

At the very beginning, we worked on a service - cryptotax.io, which also solved financial accounting problems. Still, after attracting investment and merging with Blockpit, we took on the burden of responsibility to free users from long calculations of their transactions. We developed a service to connect accounts from all popular platforms and generate a detailed report of all financial transactions in one click.

To support most of the possible crypto world providers, we have done the following:

• Integration with all popular centralized crypto exchanges (Binance, Coinbase, Huobi, FTX, etc.)

• Direct integration of transactions of top blockchain platforms (Bitcoin, Ripple, DOGE, Ethereum)

• Integration with Metamask, Trust Wallet, Ledger, and other popular non-custodial wallets.

Problems

Here are a few details of what problems we have solved for our users:

• Creation of a detailed tax report in one click, taking into account the tax rules of each specific country

• Unloading reporting in the form .csv, .pdf, or any convenient format

• Calculation of realized and unrealized gains

• Connection of any crypto asset and portfolio management

• Ability to upload transaction history from any sources (in .csv format) to calculate the taxes.

With our cooperation, the project is evolving quite dynamically. We look forward to developing many new features that help Blockpit’s customers calculate their taxes.

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