SunCrypto - India's Leading Cryptocurrency Exchange Collaborates With Taxation Giant TaxCryp

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SunCrypto being the leading cryptocurrency exchange/platform has received love from more than 1 million people in the short span of just 1.5 years. And has been continuously growing to become the best exchange for all Indian users including Tier3, and Tier4 cities.

Updated On May 15, 2023 at 12:30 AM IST

Read by: 100 Industry Professionals

Read by 100 Industry Professionals

The founders of SunCrypto Mr. Umesh Kumar and Mr. Pramod Yadav had a vision of creating India's simplest platform for people to trade in crypto. Based on their tough experience of crypto trading, they decided to build an exchange that will be easy enough to be used by all three generations. Not only this they focused on providing security and partnered with Ledger, the top cold wallet service provider. This collaboration promised the best security and insurance of $150 Million to SunCrypto users. SunCrypto founders turned its business into this success with their respective skills in the marketing and IT field where Mr. Umesh Kumar (Founder & CEO) comes from Marketing and Mr. Pramod from the IT field and is now also the CTO & Co-founder of the company.

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Why SunCrypto Is Getting So Popular? Fintech is not similar to any entertainment industry where you can get popular based on hype and attention only. To make your name in the Fintech world a company has to provide the top services, education, and platform to learn and grow. This is what made SunCrypto successful as it focused on its motto of "Learn & Earn," where the exchange grew from a crypto exchange to an educator for crypto users. SunCrypto runs its Youtube channel and SunCrypto Academy to educate its users and other crypto enthusiasts about the cryptocurrency and blockchain industry.

SunCrypto Collaborated With TaxCryp After the government introduced the 1% TDS and 30% tax, the problems of crypto users were far more than just paying the tax. That is the need of calculating the profits and losses and analyze the data for the whole financial year. And because of that SunCrypto joined hands with the leading taxation platform TaxCryp to make the tax calculation part easier for all SunCrypto users. This collaboration must be solving the biggest issues of tax calculation for crypto users. Here users got the one-touch integration of Taxcryp on SunCrypto and because of that users could directly see their trade report and summary from the SunCrypto and TaxCryp will provide the data of the exact amount that the individual needs to pay to the Indian government. With this SunCrypto has cleared two goals, one becoming the best cryptocurrency platform to use. Secondly, It became one of the earliest exchanges to implement one-touch integration with Taxcryp to generate crypto taxation reports and limited the daunting process of crypto tax calculation.

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TaxCryp Becoming A Reliable Source For SunCrypto

Users Taxcryp is not any simple taxation platform as its more focused on empowering the customers to get complete control of their tax obligations, along with making informed decisions. Taxcryp as a company was started in April 2022 with its three founders Mr. Anmol Chawla, Mr. Indy Sarker, and Mr. Vaibhav Gupta. Meet Indy Sarker, a seasoned capital markets professional turned entrepreneur, co-founding ANALEC and spearheading innovative financial technology solutions. Joining him on this journey is Anmol Chawla, a dynamic entrepreneur passionate about driving India's digital assets ecosystem forward. Adding to the team is Vaibhav Gupta, a tax specialist with extensive consulting experience, providing invaluable tax and regulatory expertise to TaxCryp. Altogether, Indy, Anmol, and Vaibhav aim to revolutionize India's crypto landscape with TaxCryp's smart technology, ensuring accuracy, transparency, and compliance. Closing Thoughts The collaboration between SunCrypto, and TaxCryp, is set to revolutionize the crypto landscape in India. SunCrypto's rapid growth and popularity can be attributed to its focus on simplicity, security, and education for its users. By partnering with TaxCryp, SunCrypto addresses the challenges of tax calculation and provides a seamless solution for its users. Together, they are driving the transformation of India's crypto ecosystem with their commitment to accuracy, transparency, and compliance.