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.
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