Product Update 2024

written by
Blockpit
,
Crypto Tax Calculator & Portfolio Tracker
Reviewed by
Florian Wimmer
,
Blockpit CEO & Crypto Tax Expert
,
Last Updated:
September 26, 2024

Blockpit employs strict editorial principles to provide accurate, clear and actionable information. Learn more about our Editorial Policy.

Highlights

  • The list of 2024 product updates is extensive, and we’re committed to continuous improvement.
  • Highlights include: a new tax optimization page, advanced portfolio insights, 30+ new integrations, new security features and a completely revamped mobile app.
  • We’ve also expanded to new markets, including the UK and Italy.
Table of Contents

Over the past year, our team has been dedicated to taking Blockpit to the next level, solidifying its place as the number one crypto tax tool. We're thrilled to share the exciting new features and enhancements that will make managing your crypto taxes even easier and more efficient. Here's what we've been working on!

Still missing something? Head over to our feature request board, where you can suggest improvements or vote for new import solutions. The most popular requests rise to the top and get prioritized for implementation.

Free vs. Advanced Features: What’s Included?

While the majority of Blockpit's features are free and accessible with any license, some advanced tools require a Basic, Pro or Unlimited license for the current tax year. We clearly label these premium features, so you can easily decide if upgrading is right for you. For a full breakdown of pricing and what's included with each license, check out the details here: Blockpit Pricing

Advanced Features

New Tax Optimization Page for Austria and Germany (First Version)

Available exclusively with a Basic license or higher

New features include filtering by asset, tax type when selling, and performance. You can now view detailed cost basis info per asset, including acquisition date and tax type. NFTs are also supported with specific identifiers. The page has a mobile and tablet-optimized design. 

VIDEO

Stay tuned—two major updates are coming this year! The next one will add graphical representations of realized/unrealized returns, followed by a full sell simulation to preview tax obligations. Exciting times ahead!

New Portfolio Performance KPIs: All-Time Net Fiat Invested + Realized Return

Available exclusively with a Pro or Unlimited license

All-Time Net Fiat Invested: You can now view the difference between total fiat invested and fiat received from sales. This value can be zero (no assets bought) or negative (profits exceed investment).

Realized Return: Completing our Total Performance widget, this KPI shows cumulative gains/losses from all transactions, as listed on the transaction page.

New Insights Tab

Available exclusively with a Pro or Unlimited license

The new Insights Tab provides a comprehensive overview of your portfolio, featuring a holding allocation chart, summaries of gains/losses, staking, fees, and more. It highlights your longest-held assets, newest additions, most active integrations, and top fiat/asset buys. Additional insights include "Best/Worst Performing Asset," "Portfolio All-Time High," and "Highest Transaction Fees."

Video: https://x.com/i/status/1744730047989391362

Video2: https://x.com/i/status/1738592030845002203

Daily Sync Toggle for Integrations

Available exclusively with a Pro or Unlimited license

Turn off the daily sync feature in your settings, if you prefer manual updates.

Video: https://x.com/i/status/1773018976773169346

All of the following features and updates are available for free with every license and do not require a Basic license or above.

Free Features

Onboarding Flow

We've introduced a streamlined onboarding process to guide new users through account setup and initial integrations, improving the overall user experience. While the first import is running, new users will see a welcome card featuring an introductory video that walks them through the app.

Video: https://x.com/i/status/1790401032234647641

Spam Asset Feature

You can now mark any asset in your holdings as Spam, completely hiding it from all sections of Blockpit. This ensures no mismatched balances by removing the marked asset from transactions, asset filters, the NFT tab, and the holdings breakdown in the integration.

Apple ID SSO

We’ve added Apple ID login as a new option for seamless user access. Sign in with Apple protects your privacy by allowing you to sign in to an app without having to provide the developer with information that personally identifies you.

Two-Factor Authentication (2FA)

As the most requested feature on our board, we're excited to announce its release! You can easily activate it in your settings.

Crypto Tax Agent (CTA) (First Version)

Introducing Crypto Tax Agent (CTA) – our new platform for crypto tax advisors and authorities. Advisors can now manage teams, onboard clients, track transaction histories, and set tax deadlines, all within the platform. Clients can be invited or created directly with full account access. Tax authorities can create Blockpit users without email or password. 

Future updates will include quick filters and tax statistics.

Tax Reporting

New Report Page (First Version)

The first version of our new report page features a sleek design with improved navigation. It includes report history, detailed tax report configuration options, and provides information about your license and transaction limits.

Video: https://x.com/i/status/1801286066348900409

New Country: United Kingdom (UK)

On Tuesday, October 31, just in time for the UK tax filing period (November to January), we launched our UK tax logic. This update enables country-specific tax reports, supporting consumption methods such as shared pool, same day rule, and bed and breakfasting rule.

New Country: Italy (IT)

Just in time for the September 2024 tax deadline, we launched our new Italy tax module. Key features include the LIFO Valuation Method—our first implementation of this, where the last assets bought are sold first—and Non-Taxable Crypto/Crypto Transactions, which carry forward the cost basis, ensuring gains and losses are only calculated when sold for Euros or NFTs (similar to Austrian tax logic).

Enhanced Tax Report Readability

We've improved the transaction statement by displaying the greyed-out transaction ID of the consumed tranche in the ID column. This makes it easier for users to navigate the tax report, clearly distinguishing between transactions and consumption.

Austrian Tax Logic Update

We've updated the tax logic to align with the latest regulations, ensuring full compliance with the consumption method known as "gleitender Durchschnittspreis" (moving average price).

Correct Merging and Consumption of Collection NFTs

We’ve improved the handling of NFTs within collections.

WISO Steuer CSV File Implementation

German users can now download the WISO CSV in Blockpit, upload it to WISO, and automatically fill in "Private Veräußerungsgeschäfte (§23)" and "Einkünfte nach Leistungen (§22 Nr.3)."

New Label: Token Migration

The new "Token Migration" label is now live, allowing tax-neutral swaps from OLD Asset A to NEW Asset B, transferring all acquisition costs and dates without triggering a taxable event. Currently available in Germany, this feature will expand to other countries after further testing.

NFT Asset IDs

We have also added Asset IDs (Identifier from Helios) to the Tax Report, making it easier to track and identify NFT trades.

Transaction Import

Support for Hardware/Software (Multichain) Wallets and Browser Extensions

Users can now easily import and group multiple blockchain addresses from hardware and software wallets, including Exodus, Ledger, Trezor, and XDEFI. Browser extension wallets like Metamask, Phantom, Coinbase, Trust, and Kelp can also be connected to Blockpit for seamless multi-address imports, with support for over 17 EVM chains on MetaMask.

Convert Manual Integrations to Synced Integrations

Users can now upgrade manual integrations to fully supported synced integrations, ideal for previously unsupported connections.

Manual Sync for Integrations

Users can now manually initiate the sync of their integrations, offering more control and enhancing the user experience. 

Moving forward, automatic daily syncing will be available exclusively to Pro and Unlimited license holders.

Sync Missing Transactions Feature

Say goodbye to backwards syncs. You can now delete API-imported transactions and still benefit from API improvements while keeping your manually corrected data intact.

Video: https://x.com/i/status/1810337656946966955

QR Code Scanning for Blockchain Addresses

Navigating on mobile and tablet just got easier—users can now scan their blockchain addresses directly on any device with a camera.

Video: https://x.com/i/status/1763247528294727768

Manual Exchange CSV Import Feature 

We’ve successfully integrated every CEX listed on Coingecko into the app. Users can now import their transactions using the Blockpit Excel template, map their assets, and view their exchange data complete with name and icon throughout the app.

Edit Import Start Date for Integrations

Users can now easily adjust the import start date for exchange and blockchain integrations, ensuring their transaction history remains intact. This feature prevents new syncs from altering older transactions, offering greater flexibility and control.

Video: https://x.com/i/status/1810337642481131949

Usability

Copy Transaction Feature

Easily duplicate existing transactions to minimize manual effort when creating multiple similar transactions.

Video: https://x.com/i/status/1763247524226256998

Deactivation of Integrations

Users can now deactivate and hide unused integrations, ensuring only relevant ones sync data. Deactivated integrations remain hidden but can be reactivated at any time.

Video: https://x.com/i/status/1767892794381623752

Multi-Selection

Easily select or deselect multiple transactions at once by holding the Shift key, streamlining transaction management.

Video: https://x.com/i/status/1786389044613521781

Splitting of Trade Transactions Imported via Blockchains

Users can now split trade transactions imported via blockchain APIs into separate deposit and withdrawal transactions. This offers more flexibility and control, allowing users to resolve import-related issues independently!

Video: https://x.com/i/status/1810337638685057452

Updated Asset Search

This enhances how assets are searched and ranked. The new logic allows more precise ordering, prioritizing assets based on factors like their presence in multiple integrations.

Video: https://x.com/i/status/1780313996299538491

New Sorting Options in Transactions View

We’ve added new sorting options to the transactions view, allowing users to sort by oldest/newest imported, lowest/highest cost base, and lowest/highest value for greater flexibility in managing their data.

Video: https://x.com/i/status/1810337660315087126

Massive Speed Improvements on Transaction Page

We’ve significantly enhanced the performance of the transaction and ledger pages, with re-rendering now more than 70% faster, ensuring a smoother user experience.

Accointing

Accointing.com was officially shut down at the end of January 2024. To ensure a smooth transition for Accointing users, we’ve introduced a seamless onboarding process for uploading Accointing transaction history files and migrating to Blockpit.

VIDEO: Accounting migration

Support/Community

Blockpit Crypto-Community Forum for the DACH Region

We're creating the largest crypto community in the DACH region, where users can connect, discuss crypto tax, and share insights on related topics. Join the conversation and grow your knowledge!

AI Chatbot by HalloSophia

Users can now engage directly with the HalloSophia AI chatbot within the app for instant support and advisory on all related issues.

Mobile

New iOS and Android Mobile App Released

Blockpit’s mobile app has been completely redesigned and is now available for download on both the Google Play Store and Apple App Store.

Integrations

To minimize your manual workload, we've integrated 4 new exchanges, 17 blockchains, and 2 wallets, all of which can now be seamlessly connected via API, public key, or CSV file:

Exchanges

Blockchains

Wallets

Migration Services

Impressed by our product? Seamlessly transfer your data to Blockpit using our tax tool migration service. We currently support migrations from CoinTracking and Koinly. As Accointing was acquired by Blockpit, also this data can be easily migrated.

VIDEO

Partnerships

We are continuously partnering with various exchanges to enhance the quality of data imports and deliver exciting new benefits for their users. Over the past year, we've collaborated with:

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Disclaimer: The information provided in this blog post is for general information purposes only. The information was completed to the best of our knowledge and does not claim either correctness or accuracy. For detailed information on crypto regulations, we recommend contacting a certified legal advisor in the respective country.

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