Koinly Reviews

0xProcessing Reviews

1. Barrie Grubb

   · Branch Manager at J & W Carpets · 23 days ago
   Easy to fit into our existing process

   We were looking for a way to accept crypto payments with no changes to the rest of our workflow. After reviewing payment gateways, 0xProcessing was deemed more feasible than others. The setup was simple and once it ran, never required day-to-day attention. The ability to create payment requests is hassle-free and clear for daily transaction uses; hence, there is no confusion.

   🏁 Competitors: CoinGate, RIZON

   👍 Pros:    Quick to get started|Supports multiple cryptocurrencies|Simple payment request|Clear transaction status

   👎 Cons:    More detailed reporting would be useful|Dashboard customization is limited
2. Cimin Cohen

   · Founder and CEO at Idea Peddler · 27 days ago
   The goal is to move BitPay in order to utilize it globally.

   Following numerous payment drops and unexpected compliance holds with BitPay, we switched our primary checkout flow to 0xProcessing. Our global clients rely on cross-border technology, services, and products. We needed a payment gateway that is used to handling payment processing and won’t raise flags about something this usual. Actually the onboarding as merchant was quite easy. The API integration into Vettrack’s custom billing stack has taken the dev team the best part of about two afternoons and the docs don’t leave much to the imagination.

   To run its day-to-day operations, Stable is used. We rely heavily on this payment links feature, which is completely automated. The VRCS feature converts incoming volatile assets to stablecoins automatically. The latter aspect alone has given adequate protection to our margins during the dips which get tied up in the afternoon. The 18 supported networks includes nearly everything our clients use. The processing time in so minimal, and we have still yet to have our first chargeback or false fraud flag since we started using it. The interface is effective but has glitches.

   🏁 Competitors: BitPay, CoinGate, RIZON, Coinbase

   👍 Pros:    Vrcs effectively mitigates market volatility risk|Supports a wide range of native tokens and|Transparent fee structure with no hidden billing surprises

   👎 Cons:    Ui dashboard feels overly basic for complex financial analysis|No native fiat payout options available
3. Ahsanul Hasan Amit

   · CEO and Founder at Dream Workers Tech · 29 days ago
   A practical option for making crypto payments on occasion.

   Since we don't usually process such payments, we weren’t looking for one that was equipped with many sophisticated tools. The first things were reliability and setup that shouldn’t be hard to get used to.

   After looking at a number of options Fireblocks included we found 0xProcessing easier to work with. The on-boarding process was simple and the documentation covered the majority of our needs. It has been doing its job with no additional work since implementation.

   🏁 Competitors: CoinGate, Fireblocks, BitPay

   👍 Pros:    Straightforward on-boarding|Supports several networks|Easy to understand pricing

   👎 Cons:    Limited analytics|Few dashboard customization options

Koinly mentions (306)

• Tax Question. If i buy $1000 worth of crypto and sell 50% on a double and then let the balance ride. Am i exempt from paying tax on that transaction?

  Every transaction you make with crypto is a taxable event. Even buying something with your bitcoin is a taxable event. So instead of looking at your balance, you have to look at each and every transaction and see how much you paid for the asset, how much you sold it for, and how long you held it. The ATO will also want a report on your crypto transactions, which you can get from koinly.io. That will also... Source: over 2 years ago

• 48-nation bloc to crack down on using crypto assets to avoid tax

  Https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended... - Source: Hacker News / over 2 years ago

• Questions about defi

  -is it possible to track swaps and trades I'm making in defi via koinly.io or another tax tracking provider? I want to take advantage of long term capital gains vs short term whenever possible. Source: about 3 years ago

• I made around 90K profit from a meme coin (crypto)recently and I’m 18 years old and have no idea how to go about taxes. Please help me . Also what could I do with my profits ?

  Every trade where you go from 1 coin to another is a capital gains event. Take a look into https://koinly.io/ to calculate it for you. Source: about 3 years ago

• Staked ETH Rewards on Coinbase

  I just bit the bullet and pay koinly.io to do it for me. The one thing I like about it is you can tag staked transaction (eth to eth2) as swaps so they don't show up on your taxes. It's actually free until you want them to generate a tax form for you. Source: about 3 years ago

0xProcessing mentions (0)