What is Coinfox

Short answer:

Coinfox is a user-friendly crypto tracking and tax reporting software specifically designed for beginners and holders looking for a simple and cost-effective solution to manage and report their cryptocurrency investments.

Detailed answer:

Coinfox is an intuitive platform that enables users to efficiently track their cryptocurrency portfolios and generate tax reports. Unlike other more comprehensive tools, Coinfox is specifically aimed at lite users, meaning users who:

• Conduct few transactions.
• Are not deeply involved in DeFi (Decentralized Finance).
• Are looking for a straightforward and cost-effective solution for managing their crypto investments.

This orientation makes Coinfox particularly attractive for crypto beginners and long-term investors (holders) who value simplicity and clarity.

While platforms like CoinTracking offer a wide range of features for professional traders and companies, Coinfox focuses on the essentials: clear and understandable management of crypto assets without unnecessary complexity. This focus allows users to concentrate on their investments without being overwhelmed by a multitude of features.

In summary, Coinfox is the ideal solution for anyone looking for a simple, clear, and cost-effective way to track and document their cryptocurrency investments accurately for tax purposes.