BitOK has integrated the Fuse Network into its all-in-one crypto asset management tool to give users easy access to their crypto portfolio, profit and loss, AML risk management, accounting documents, and tax information.
Effective crypto portfolio management is essential for maximizing your returns and minimizing risks. By tracking your investments with the help of crypto portfolio management software or apps, you can stay on top of your performance and make necessary adjustments. Moreover, you can reduce the work required when evaluating your assets for tax purposes.
This latest integration with BitOK gives Fuse blockchain users a convenient portfolio tracker with powerful features currently unavailable anywhere in one platform. For example, with BitOK, users can add notes, tags, and files to transactions, generate free tax reports, export Excel docs with a list of transactions, and more.
The BitOK platform offers users several significant crypto portfolio services in one convenient place. Firstly, the Portfolio Tracker supports over 500 wallets and exchanges alongside over 20,000 cryptocurrencies. Alongside this, powerful tax reporting lets users create a tax report for any country by linking the API of all their exchanges and the address of their wallets and blockchains to get complete information about their profits and losses during a specific tax period.
Another nice feature is the ability of BitOK to screen your connected wallets and transactions for illicit funds and AML risks. But, more importantly, offering a way to protect against issues with exchanges or banks.
Getting started with BitOK
With the right tools and knowledge, anyone can learn how to manage their crypto portfolio and tax requirements effectively. You can improve your financial returns from crypto investing by following basic rules, such as diversification, minimizing the chance of total capital loss, and tracking your investments.
Whether you’re new to crypto or an experienced investor, mastering the art of crypto portfolio management can help you stay on top of the ever-changing crypto market and make the most of your investments.