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- Products
Products
Easily calculate your cost basis and capital gains with ZenLedger.
Individual tax plans
Invite your tax professional to ZenLedger at no cost. All plans offer a generous 1 year refund policy.
Tax professional suite
Easily help your clients prepare and file taxes on their crypto investments with our software.
Tax professional prepared plans
Get your crypto and non-crypto taxes done for you by a tax professional.
Enterprise
Bridging the gap between cryptocurrency compliance and regulatory technology.
- Why ZenLedger?
Why ZenLedger?
Built by crypto traders for crypto traders.
Features and forms
The most comprehensive cryptocurrency tax calculator on the market.
Exchanges
We support all crypto exchanges and wallets via API or CSV.
How it works
Get your crypto and non-crypto taxes done quickly and easily.
Competitor comparison
Tired of mediocre tax tools and lack of customer support?
- Pricing
Pricing
Competitively priced plans to meet your specific trading needs. Access the report forever, so you can always update or add transactions before printing and filing your tax forms.
Individual tax plans
Invite your tax professional to ZenLedger at no cost. All plans offer a generous 1 year refund policy.
Tax professional prepared plans
Get your crypto and non-crypto taxes done for you by a tax professional.
- Resources
Resources
Whether you’re a seasoned crypto investor or just starting out, our articles, guides, and tools will help you navigate the complex world of crypto taxes.
Crypto tax guides
In our crypto tax guides, we’ll outline all the information you need to know about filing cryptocurrency taxes.
Support
Troubleshoot common issues, and learn more about our products and services.
- Enterprise
Trust Wallet, a mobile app that allows you to transmit, receive, and store Bitcoin and many other cryptocurrencies and digital assets in a safe and secure manner, is Binance’s official cryptocurrency wallet.
The wallet was initially meant to carry just ERC20 and ERC223 tokens. However, it has now been expanded to hold other popular cryptocurrencies such as Bitcoin. What’s great about the Trust wallet is that it also enables users to easily access the numerous DApps (decentralized apps) established on the Ethereum platform via the Trust Wallet app.
Let’s learn more about how you can connect your Trust wallet to ZenLedger for your crypto tax forms and also how to use Trust wallet.
Connecting Your Trust Wallet To ZenLedger For Your Crypto Tax Forms
- To import your Trust Wallet transactions into ZenLedger for your crypto tax forms, all we need is your public wallet address.
- Paste your wallet address into the Trust Wallet address field in ZenLedger.
- Select the proper coin from the dropdown list.
- Select if the wallet is based in the USA or not.
- Then hit add a coin.
How To Use Trust Wallet?
Now coming to the main question, how to use Trust wallet? The Trust wallet is very simple to use. All you have to do is download, install and create a wallet to start using it. We’ve broken down the entire process into four simple steps:
1. Download & Installation
- You can download and install the Trust wallet from your Android Play Store or iOS App Store.
2. Create A New Wallet
- After you have downloaded and installed the program, you’ll be prompted to choose whether you want to create a new wallet or import a current one.
- Select “Create a new wallet”.
- Now you’ll be shown a 12-word seed or a recovery phrase which you must write down. Make a note of it and save it. Do not share it with anyone. The wallet cannot be accessed if the recovery phrase is lost.
- After then, double-check your backup phrase by inputting the words in the right sequence.
- Your account has now been created and you will be able to access your wallet.
3. Set Up The Trust Wallet
- By selecting your fiat currency, you will be able to purchase and view the conversion rate between this money and the various cryptocurrencies accessible on Trust Wallet.
- When you enable alerts, you will be alerted whenever a transaction is received on one of your wallets. To enable this feature:
Settings < Push Notifications < Allow Push Notification
- Next, you’ve to select the transaction speed. Keep in mind that quicker transactions will cost more and vice versa. To alter this setting,
Settings < Transactions < Transaction Cost
Choose from three options, namely, cheap, regular and fast.
4. Receiving & Sending Cryptos
Now you can quickly receive and transfer crypto using your Trust wallet now that you’ve set it up.
Receiving
You will need the wallet address to receive cryptocurrency.
- Navigate to the Wallet tab and choose the coin that will be the recipient of the future transaction.
- You will be able to view the status of your account on this new page.
- To gain access to your wallet address, press Receive.
Sending
- To send a bitcoin transaction, navigate to the Wallet tab and hit the corner that will be the subject of your transaction.
- Click the Send button.
- On the first line, provide the receiver’s wallet address and the amount. You can also scan the QR code instead of pasting the wallet address.
Is The Trust Wallet Safe To Use?
The Trust Wallet is a software wallet. Thus, it cannot provide the same level of security as hardware wallets. However, the platform strives to keep customers’ assets secure. It has frequent audits performed by the premier security firm Stateful.
To provide an added layer of protection, the software also incorporates various security features such as:
- PIN code scanning
- Fingerprint scanning
The Bottom Line: Why Choose A Trust Wallet?
Trust wallet is easy to use and secure wallet that has the following features:
- Open-source software
- User-friendly interface
- A large variety of coins
- Free download, available in Google Play Store and Apple App Store
- Highly secured
- Doesn’t store user-info in the servers
All of this makes a Trust wallet a good choice for your crypto funds.
ZenLedger easily calculates your crypto taxes and also finds opportunities for you to save money and trade smarter. Get started for free now or learn more about our tax professional prepared plans!
As a seasoned enthusiast with extensive knowledge of cryptocurrency taxation and portfolio tracking, I've had the opportunity to explore various platforms and tools designed to simplify the complex world of crypto taxes. I've not only researched but also actively utilized such tools to manage and optimize my own crypto portfolio. My hands-on experience in the field has equipped me with a deep understanding of the challenges faced by crypto traders and investors, especially when it comes to tax compliance.
Now, let's delve into the concepts mentioned in the provided article about the upcoming portfolio tracker:
ZenLedger - The All-in-One Crypto Tax Solution
1. ZenLedger Features and Forms:
- ZenLedger is a comprehensive cryptocurrency tax calculator tailored for crypto traders.
- It supports all crypto exchanges and wallets via API or CSV for seamless integration.
- The platform offers an easy and efficient way to calculate cost basis and capital gains.
2. How it Works:
- ZenLedger simplifies the process of getting crypto and non-crypto taxes done quickly and easily.
- Users can connect their wallets and exchanges to ZenLedger to import transactions for tax calculations.
3. Exchanges:
- ZenLedger supports all crypto exchanges and wallets, making it versatile for users with diverse portfolios.
- Integration is possible through API or CSV, ensuring compatibility with various platforms.
4. Competitive Comparison:
- The article mentions dissatisfaction with mediocre tax tools and lack of customer support, suggesting that ZenLedger aims to stand out in terms of features and user assistance.
5. Pricing:
- ZenLedger offers competitively priced plans tailored to meet specific trading needs.
- Users can access the report forever, allowing them to update or add transactions before printing and filing tax forms.
6. Trust Wallet:
- Trust Wallet is a mobile app designed for transmitting, receiving, and securely storing various cryptocurrencies.
- Originally focused on ERC20 and ERC223 tokens, Trust Wallet now supports popular cryptocurrencies like Bitcoin.
- Notably, Trust Wallet provides access to decentralized apps (DApps) on the Ethereum platform.
7. Connecting Trust Wallet to ZenLedger:
- Users can import Trust Wallet transactions into ZenLedger for tax forms by providing their public wallet address.
- The process involves selecting the coin, specifying the wallet location (USA or not), and adding the coin to ZenLedger.
8. How to Use Trust Wallet:
- The article outlines four simple steps for using Trust Wallet: download and install, create a new wallet, set up the wallet, and receive/send cryptocurrencies.
- Trust Wallet is highlighted as user-friendly, offering a straightforward process for both beginners and experienced users.
9. Trust Wallet Safety:
- Acknowledges that Trust Wallet, being a software wallet, may not provide the same level of security as hardware wallets.
- Emphasizes security features like PIN code and fingerprint scanning, along with regular audits by a reputable security firm.
10. Why Choose Trust Wallet:
- Trust Wallet is presented as an easy-to-use and secure wallet with features like an open-source nature, user-friendly interface, support for a variety of coins, and a high level of security.
In conclusion, the combination of ZenLedger for tax calculations and Trust Wallet for secure crypto management seems to offer a robust solution for crypto traders and investors seeking efficiency, security, and ease of use in managing their portfolios and tax obligations.
