Binocs is an AI-driven platform designed to simplify cryptocurrency portfolio management and tax compliance for both individual investors and institutions. By integrating with over 300 exchanges and 50 wallets, Binocs offers a comprehensive solution for tracking, analyzing, and reporting on diverse crypto assets, including NFTs and DeFi protocols. Its user-friendly interface ensures accurate tax computations and real-time portfolio insights, enabling users to stay compliant with evolving regulations across multiple jurisdictions.
Key Features and Functionality:
- Comprehensive Portfolio Tracking: Binocs consolidates data from centralized and decentralized exchanges, wallets, and on-chain transactions, providing a unified view of your crypto holdings.
- Automated Tax Reporting: The platform computes crypto taxes in under 30 minutes, generating reports compliant with regulations in countries like the US, UK, Australia, South Africa, and India.
- Integration with Multiple Platforms: Supports connections to over 300 exchanges and 50 wallets, facilitating seamless data synchronization.
- Advanced Analytics: Offers insights into portfolio performance, including realized and unrealized gains and losses, ROI, and capital gains across all exchanges.
- Security and Privacy: Utilizes OAuth integration systems, two-factor authentication, and end-to-end encryption to ensure data security and user privacy.
Primary Value and User Solutions:
Binocs addresses the complexities of cryptocurrency portfolio management and tax compliance by automating data aggregation and reporting processes. This reduces the manual effort required to track diverse crypto assets and ensures adherence to tax regulations, thereby mitigating the risk of errors and penalties. By providing real-time insights and comprehensive reports, Binocs empowers users to make informed investment decisions and maintain compliance with ease.