How does Awaken work?

Awaken operates by automatically capturing and categorizing all on-chain transactions related to cryptocurrencies, including trading, staking, and NFTs. The platform utilizes advanced algorithms to reconcile transactions and calculate the cost basis accurately, making tax reporting simpler for users. By learning from user interactions, it can automatically label multiple transactions based on a single input, saving significant time.

Is Awaken a secure platform?

Yes, Awaken is designed with user security in mind; it does not require users to connect their wallets or provide private keys, ensuring that sensitive information remains protected. The platform only requires an email for sign-up, maintaining user anonymity while accessing its features. Additionally, it employs robust encryption methods to safeguard data during transmission and storage.

To use Awaken, users can sign up for free and begin by adding their cryptocurrency accounts to the platform. Once accounts are linked, users can view their transaction history and tax summaries at no cost; payment is only required when generating detailed tax reports. The user-friendly interface guides individuals through the process of managing their crypto taxes efficiently.

What services does Awaken offer?

Awaken offers a range of services aimed at simplifying crypto tax management, including automatic transaction classification, tax report generation, and historical transaction tracking. It supports various complex transactions across multiple blockchains and exchanges, making it versatile for different crypto activities. Users can access features for tax loss harvesting and receive real-time updates on tax regulations as well.

Accrue Finance Inc.

Free

Paid

Other

Try the power of Dedicated Nodes

No rate limits

99.9% Availability

Dedicated server

What is Awaken?

Awaken is a crypto project that aims to revolutionize the tax system through blockchain technology. The project proposes a decentralized approach to taxation, with more transparency and efficiency in tax collection and distribution. It offers an innovative ways to integrate cryptocurrency and taxation processes.

Benefits of using Awaken

Awaken provides automatic classification of transactions, which simplifies the often complex process of calculating taxes on various crypto activities, including trading, staking, and lending. Additionally, the platform is completely free if user has less than 365 transactions per year. Lastly, Awaken supports a wide range of DeFi protocols and NFT platforms, ensuring comprehensive coverage for users engaged in diverse blockchain activities.

Pricing start from:

$199/year if more than 365 transactions/year

FAQ

Frequently Asked Questions

How does Awaken work?
Awaken operates by automatically capturing and categorizing all on-chain transactions related to cryptocurrencies, including trading, staking, and NFTs. The platform utilizes advanced algorithms to reconcile transactions and calculate the cost basis accurately, making tax reporting simpler for users. By learning from user interactions, it can automatically label multiple transactions based on a single input, saving significant time.
Is Awaken a secure platform?
Yes, Awaken is designed with user security in mind; it does not require users to connect their wallets or provide private keys, ensuring that sensitive information remains protected. The platform only requires an email for sign-up, maintaining user anonymity while accessing its features. Additionally, it employs robust encryption methods to safeguard data during transmission and storage.
How to use Awaken?
To use Awaken, users can sign up for free and begin by adding their cryptocurrency accounts to the platform. Once accounts are linked, users can view their transaction history and tax summaries at no cost; payment is only required when generating detailed tax reports. The user-friendly interface guides individuals through the process of managing their crypto taxes efficiently.
What services does Awaken offer?
Awaken offers a range of services aimed at simplifying crypto tax management, including automatic transaction classification, tax report generation, and historical transaction tracking. It supports various complex transactions across multiple blockchains and exchanges, making it versatile for different crypto activities. Users can access features for tax loss harvesting and receive real-time updates on tax regulations as well.

To update your project information on this page, please reach out to us.