What is Descrypt?
Descrypt has emerged as the leading crypto taxation software in India, gaining popularity since its launch in 2022 and offering support for over 35 wallets and exchanges, which will be accessible by that time.
The software boasts numerous advantages, including its seamless integrations with exchanges that enhance the precision of tax profit and loss calculations compared to other platforms. Its cost-effectiveness is a significant factor behind its appeal among crypto investors. Descrypt also enhances the crypto-taxation process through exclusive collaborations with major taxation software firms in India, like Clear and TaxBuddy.
In addition to these features, Descrypt provides a broad range of products and services tailored for various users, including:
- Crypto investors
- Tax firms, tax preparers, Chartered Accountants, and CPAs through their dedicated partner portal.
The API Suites offered by Descrypt are particularly beneficial for tax software firms as they enable efficient tax collection.
Now, not only is Descrypt the most affordable solution in its category, but it is also expanding its reach to investors in the US and UK markets, further solidifying its status as a versatile tool in the crypto taxation landscape.
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Descrypt Customer Reviews
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Most accurate & fast.
Date: Aug 30 2023SummaryOverall it was quite seamless. Within 10 minutes I was able to sign-up, connect all my exchanges and then was able to download P&L report. This was a blessing as I was filing my tax returns at the last minute. I had a question about the P&L report as I'm a trader with more than 100K transactions so had to reach out to their support. They went out of their way to immediately address my query and in fact even cross verified it with their in-house tax expert. Definitely recommend it to others.
Positive* The most accurate P&L calculation.
* Seamless fetching of cost basis.
* Integration with most of the exchanges I traded.
* Terrific customer support.
* Domain experts in US, and Indian crypto tax laws.
* Bulk transaction upload support.
* Their P&L reports are vetted by independent tax experts.
* The UI is quite slick and intuitive to use.Negative* The cost basis correction for more than 20 transactions gets tedious. I hope they roll out a bulk update feature here.
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