The aim of Binance Tax is to simplify the calculation of gains and losses throughout the year. For frequent traders, this could amount to thousands of transactions, meaning many hours of work to ensure correct calculation. Still, the product is in an early phase and does not support all types of transactions. Users will need to make adjustments.
Crypto Exchange Binance Introduces Tool for Calculating Taxes on Transactions
Written by Bankerage Published on February 6, 2023