Will the Partnership of Unocoin and Binocs Turn Out As a Relief For Crypto Holders?

One of the major headaches of crypto traders includes calculating a fair tax on their crypto profits that they have to file by the end of the financial year. 

Calculating your taxes is not as easy as it might seem as a lot of rules and regulations must be kept in mind. But now the recent collaboration of Unocoin with Binocs can make things easy for crypto investors. 

Uncoin is an Indian cryptocurrency exchange that has come together with Binocs to make it easier for its users to calculate their crypto taxes. Binocs is a platform that enables you to calculate taxes on your crypto transactions within minutes. Binocs ensures that all the calculations are compliant with Indian regulations, accurate, and efficient. 

According to the reports, India's first crypto exchange, Unocoin is partnering with Binocs as a tax partner. With this, Unocoin aims to simplify the entire accounting procedure for crypto users while also adding another key feature to its website. Unocoin is trying to regain its position in the Indian market by broadening its portfolio of services and this collaboration is likely to add a layer to that.

Now the users of Unocoin exchange can directly calculate the total tax that they have to pay to the government at the rate of 30%. It will be a matter of relief for those investors who were planning to pay a hefty sum to accounts professionals to calculate and file their taxes. With a single Binocs integration, you can calculate the total tax on your investments

With time, crypto platforms are working towards making it easier for users to adapt to the crypto ecosystem. This collaboration indicates the efforts that Uncoin is putting forward to improve the lives of its customers. 

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