Zenledger: Advanced Crypto Taxes with Zenledger

Zenledger in TEXT

Crypto currencies have finally been accepted as legitimate financial sources in the US. Substantial American populations have made terrific fortune in these encrypted currencies. In fact the governmental agency of revenue has set and elicits taxes on these digital fortunes. Taxmen have also been able to track down those people that evaded payment of these taxes. Therefore, planning to skip crypto taxes is never a wise decision.

In this regard, the crypto taxes payment platform called ZenLedger can provide you with assistance in tracking of crypto transactions and thereby filing your taxes. Although, it is a nascent player in the crypto taxpaying software market, it has received positive reviews from the digital currency user community. It has been attempted in this article to provide you with a brief introduction to the Zenledger and its striking features.

What is ZenLedger?

Crypto currency users make several encrypted deals and it becomes challenging for them to keep a record of every sale and purchase. In order to avoid this crisis, the users can resort to the ZenLedge, cryptocurrency tax software. Not only does this application manage your overall crypto transaction data, but also assists you in filing of your taxes. Zenledge is amongst the most popular taxpaying software available in the market today.

Significant features of ZenLedger

Its exceptional features, convenient price scheme and quality customer service have made Zenledger a valuable treasure to the crypto currency traders. Some of its stupendous functional facets have been discussed below.

Aligns with Internal Revenue Service

ZenLedger software helps you with systematic generation of the loss and profit statements that in turn facilitates the organized filing of correct taxes. Furthermore, this tax payment platform is not only just accessible to the American citizens, but also to the worldwide clients. You can be a crypto trader from any part of the globe and still rip advanced crypt taxpaying benefits with the use of this application. The in-built structure of ZenLedger has been designed in such a manner that it allows instantaneous transmission of tax relevant documents to the taxes returns, without a hassle.

Allows every currency and exchange transaction

With the aim of making ZenLedger a major player in tax software, the developers have been striving to make it compatible with every exchange. Some of these exchanges are Bittrex, GDAX, Coinbase, Kucoin and Polonix. In addition, the application intends to lend support to all crypto currency coins of BCH and BTC to LTC and XRP, inclusive of fiat currency. Therefore, liaison of this tax payment software with various forms of digital currencies will ensure high-standard user experience.

Prepare important documents for traders

Documents

Importation features enables ZenLedger for importing of all transaction records from exchanges. This collected data can further be used to prepare tax related important documents such as reports on donations, capital gain taxes, income and closing. With this application at your disposal, you can easily manage the documentations that are crucial for tax filing to the government.
Automated actions all throughout

Using this crypto tax software eliminates any chances of your manual labor in documentation compilations. Its striking functional framework imports your documents and generates statements absolutely in an automated form. It reduces your trouble to maintain any physical bookkeeping. Advantage of this tax compilation tool is that it ensures that you are made to pay the right amount of taxes thereby preventing overpayment and underpayment.

Affordable pricing features

The concerned software developers have been providing differential ZenLedger packages for catering to multifarious demand of the customers. This application is available in three packages and these are starter, premium, executive and unlimited.

A nominal price has been set upon the starter pack and allows equal to or less 500 transactional processes. Higher price is set on the premium, followed by executive pack. The unlimited is priced the highest amongst all the four. It is palpable that the most expensive plan will provide you with better features, while the lowest prices pack would not accommodate such extensive activities.

Therefore, the company allows you to choose a package that matches your convenience. It is suggested that of you are a general user, opting for a starter pack would be sufficient as it comprises basic yet useful features. On the other hand, if you are a professional trader in crypto currency then feel free to experience the sophisticated activities provided by the executive or unlimited plan.

Advantageous customer service features

ZenLedger crypto software has well-constructed platform that offers the users with swift accessibility to all the website pages. It takes the aspect of customer service seriously since any query from your part will fetch you response in just a day. It can take even lesser time of an hour if question has been posted in business hours.

ZenLedge users have agreed to the point that they have had no issue in communicating with the company head or supporting staffs during any difficulty. Its user friendly software design has made ZenLedge a current favorite among the crypto currency dealers.

With crypto currencies occupying significant place in global financial domain, ZenLedger aims to offer you ease in crypto related tax filing for the governmental requirement. Current customer reviews on this software has presented a favorable picture and will stimulate its further popularity. Advanced yet user convenient features of ZenLedger have contributed enormously to provide quality satisfaction to its users. Based on the positive reviews, usage of this application can be highly recommended to the potential customers. …

The Blockchain Isn’t Going Anywhere. Here’s How To Stay Ahead Today And Ensure Success Tomorrow

Everyone’s talking about blockchain.

In 2012, I watched some of my long-time friends leave very successful businesses to go all in on Bitcoin. Here were people with killer business acumen, who I had worked with for years, and they were leaving everything behind for this new technology.

For example, two of my friends created Tether—a cryptocurrency token that’s backed one-to-one by real currency. This was how I first got involved in blockchain. As soon as I realized its potential, I fell in love with the use cases distributed ledgers could solve around the world.

The technology applications have the potential to impact everything from banking and real estate to copyright and government. And more. For example: blockchain’s ability to safely store and transmit sensitive data can drastically improve voting, healthcare, and even law enforcement. In many ways, we have only just begun to explore how the blockchain will affect us in our everyday lives.

There’s just one problem: Not enough of us understand what blockchain technology is, let alone what it does.

Whether you want to use blockchain to make money, store information or connect to the global community, everyone needs to learn about it. This technology is the future, and there is more than enough data already to support that claim. It’s the next internet, and will bring with it unprecedented opportunities to people all across the globe.

Which is why everyone should be educating themselves on a few key pillars of blockchain technology, and the pain points it solves:

1. Blockchain technology is not a trend.

Talk to any average person, and 9.9 times out of 10, they’ll have no idea what blockchain is, with the exception of maybe Bitcoin. If they do know, it’s surface level details at best.

When a trend emerges, some people don’t want to wait to see how things play out—especially when there’s money to be made. Perhaps this story can be an example:

Remember the massive excitement Bitcoin last year? Speculative investment exploded. As the price soared, it gained public appeal. And legitimacy. And a lot of people made a lot of money, very fast.

Then the price dropped by 50%.

By the time Bitcoin’s value plummeted, it seemed like most people had lost faith. But that “lost faith” reaction really only happened among those who had jumped into the space at the last minute, hoping to enjoy Bitcoin’s climb. People with knowledge of blockchain and cryptocurrencies saw this coming—in some way, shape, or form. Active participants in the emerging industry were hardly surprised by the plummet in price that followed. These are “growing pains” that arise with any new technology.

Unfortunately, that patience was not widespread. Many people who jumped into the industry looking to make a quick buck ended up jumping back out at its lowest slump. They chalked their ill-timed participation as the fault of blockchain being a “trend,” opposed to looking at the long-term nature of what it means to build something globally impactful—and the rising (and falling) tides that come with such a massive undertaking.

This is why, as markets begin to recover (and they already have), and new variations of blockchain technology cement themselves into our everyday lives, everyone from general consumers to high-profile investors need to have a firm understanding of the tech.

2. Blockchain will soon be part of the fabric of our society—so it’s best to begin the learning process now.

Most people in the United States don’t understand cryptocurrencies, let alone use it (or even own it). But to look at the blockchain and crypto space purely through the lens of North America would be flawed. Because the truth is, one out of every three South Koreans own cryptocurrencies, or get paid using it already.

This statistic is what prompted me to dive head-first into the space.

Between lagging education surrounding blockchain and cryptocurrencies, and realizing parts of the world are already utilizing cryptocurrencies in their everyday lives, I saw an opportunity to build a new kind of ecosystem. Whether you’re a beginner just stepping into the space, or an expert looking to participate further in the global blockchain community, I wanted to solve these pain points in a way that catered to all audiences. This is what prompted me to launch HybridBlock.

While reading articles about blockchain technology and cryptocurrency use cases can be helpful, we wanted to make it it easier to progress from beginner to expert. The goal of our platform is to teach users everything they need to know about the space, and gamifying the education in a way that doesn’t feel cumbersome or overly complicated. For example: do you know what Bitcoin is, and how it works? How about Ethereum? What is a smart contract, and why should you care about it?

These are the questions we believe need to be answered—in the same way that everyone had to learn the basics of the Internet, and what it means to upload, download, or share a file.…

5 Reasons People are Bullish About Bitcoin

If you are a “hodler” for Bitcoin, it has not been an easy ride for you to keep the faith in cryptocurrency. Sure you may have your reasons overall of why you believe it’s a worth “hodling” when Bitcoin is experiencing a bearishdowntrend it is pretty easy for anyone to jump on the detractors’ bandwagon.

There are a lot of reasons why detractors are claiming Bitcoin is going to crash. They say it’s a scam that’s bubble burst in January 2018. It’s unregulated, and they are telling everyone that government regulations will eventually shut it down as they become stricter and enforce them.

They say that it’s a Ponzi scheme that is going to crash so fast and so hard it will not be worth mining anymore, and everyone is going to lose their money. The list goes on and on.

However, for every detractor, there is a faithful “hodler.” There is more to Bitcoin than meets the eye to people that don’t understand the space. Bitcoin was founded right after the infamous 2008 banking crash.

This crash proved that the government regulating bodies were not capable of effectively managing the value of fiat currency. They let it get out of hand to the point that it crashed. During this time when the stock market and real estate were crashing, people started turning in droves to hard assets.

Here are five reasons why people are still bullish on Bitcoin.

1.) Known Limited Quantity

The price of gold went up immensely. Everyone wanted to be able to turn to something that was independent of government control in regards to its value. Sadly, small central groups that make decisions for the majority don’t always make the best decisions for the larger group. Bitcoin was developed as a way for people worldwide to be able to hold something that would be decentralized and immune from government’s influence on its value.

There are only 21 million Bitcoins in existence. This total means there is not an unlimited amount available that will enter circulation at the whim of a tiny few. What this means there is known scarcity of units something that carries a monetary value, this is very similar to gold whose value dramatically. The known limited quantity alone gives Bitcoin value, it’s something that is insurance against fiat currencies worldwide.

2.) Easy to Transfer

Bitcoin is the only form of money that can be transferred from anyone to someone else anywhere in the world in less than 30 minutes. There isn’t a third party that needs to get involved with the transfer, like a bank for example.

You don’t have to worry about bank holidays preventing the money transferring right away. Also, you don’t have to worry about converting one currency into another currency. Right now you don’t have to both with the different countries’ money transfer laws, and you can send it directly to the recipient without the hassle of dealing with the various regulations.

3.) Liquidity

Right now Bitcoin is the most liquid out of all of the cryptocurrencies as far was liquidity. It has the highest trading volume and highest value. When something has a lot of value and activity, it is easier to liquidate. It also serves as the primary on-ramp to trade and purchase altcoins, because Bitcoin has the most fiat onramps available. Since it has the most fiat onramps, this also makes it the easiest to liquidate into local fiat currency.

4.) Largest Decentralized Network

Bitcoin has the largest decentralized network out of any cryptocurrency available. This large network size makes it the hardest cryptocurrency network to penetrate for malicious hackers. It also makes it harder for centralized mining groups to get enough computing power to take over 51% of the network.

This extensive network size also safeguards Bitcoin from the corruption of a tiny group of few controlling a system for the masses. Decentralization helps promote the honor system for people to manage and regulate the transactions. So it’s less likely to be susceptible to corruption.

5.) Hard to Counterfeit

With the decentralized network that connects to one universal ledger that records each transaction and is publicly available to everyone on the blockchain network, this transparency makes it hard to counterfeit. It also prevents the double spending problem that other digital transactions can’t as easily prevent from occurring.

When something is easy to counterfeit, it brings its value down. It’s hard to verify the authenticity of something if it’s easily counterfeited and more of it could end up in circulation which devalues the rest of it.

So this is the list of five key reasons some people are bullish for Bitcoinduring this bearish time. The future is still unpredictable for the value of Bitcoin. However, there is an undeniable need in the market for a simplistic, secure and digital way to transfer and store money.…