Why is a complete transaction history important?

Coinfox creates tax reports always based on your complete transaction history. This means that all purchases, sales, deposits, and withdrawals of your cryptocurrencies must be recorded in order to carry out correct calculations. If transactions are missing, Coinfox cannot determine certain cost bases (purchase prices). As a result, gains/losses could be incorrectly calculated or marked as unknown in the tax report. To obtain precise tax results, you should always connect and maintain all your wallets and exchanges continuously – from the first transaction to the current one.