2 Crypto Tax Business Success Stories [2024]
The tax code is a complex system that has been in place for decades. As the new age of currency, cryptocurrency, is introduced to the world, it has become increasingly difficult to keep up with the changes.
In 2017, the number of people who owned bitcoin in the United States was 1.5 million.
There are many tax services available online that are designed specifically for cryptocurrency traders and investors. These services will help crypto owners file their taxes quickly and painlessly so they can get back on track with their investments!
In this list, you'll find real-world crypto tax business success stories and very profitable examples of starting a crypto tax business that makes money.
1. Divly ($120K/year)
Carl, one of the co-founders of Divly, came up with the idea for the business after experiencing the difficulties of declaring taxes on his cryptocurrency gains. He saw that the existing solutions were heavily focused on the US and saw an opportunity to create a more practical and localized solution. After building a beta version in just two months, they launched in time for the Swedish tax season and used content marketing, partnerships, and an affiliate program to attract and retain customers.
How much money it makes: $120K/year
How many people on the team: 3
Divly is a startup that helps customers calculate and pay taxes on their cryptocurrency gains, with a revenue of $50k since launching and a plan to expand into multiple markets for 2023.
2. BearTax ($44.4K/year)
Vamshi Vangapally, CEO and Co-founder of BearTax, came up with the idea for his cryptocurrency tax software when he received an email from GDAX informing him that his trades would be reported to the IRS. After searching for a solution and finding expensive and unreliable options, Vamshi and his team built BearTax to help cryptocurrency traders calculate their taxes accurately and efficiently. Since its launch in 2018, BearTax has become one of the top cryptocurrency tax software in multiple countries, serving over 10,000 users worldwide.
How much money it makes: $44.4K/year
How many people on the team: 7
BearTax is a cryptocurrency tax software that helps traders consolidate trades and calculate taxes without heavy lifting, serving over 10,000 users across the globe in the US, Australia, Canada and India.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
