Cryptosmart launches new platform for buying and selling cryptocurrencies

Cryptosmart has launched its new platform for buying and selling cryptocurrencies, with an easier-to-use interface, and new, better-performing matching engine. 

Cryptosmart’s new platform

The new platform has a new user interface that is very intuitive and easy to use even for those who are taking their first steps in the world of cryptocurrencies. Indeed, the web application was developed with React technology, which allows for more intuitive and faster graphics. 

In addition, the engine that does the matching between supply and demand now has much higher performance than the previous version, thus allowing more trading pairs to be listed. 

Thanks to this, Cryptosmart now also supports the listing of utility tokens, such that the new platform allows companies to be able to see their utility tokens listed and traded, which is a tool for building customer loyalty and involving them in various projects by giving the user benefits in return. 

Finally, the fee structure has remained highly competitive. 

Cryptosmart is an Italian company, registered in the appropriate OAM register of virtual currency operators, and is fully compliant with both Italian and European regulations. Its platform guarantees the highest level of compliance such that it can also be used by institutional investors. 

It allows the buying and selling of cryptocurrencies on the most widely used chains, Bitcoin, Ethereum, Binance Smart Chain, Tron, Polkadot and Cardano. 

It also supports staking ETH, ADA and DOT so users can receive rewards.

The advantages of using the all-Italian exchange

The special feature of Cryptosmart is that users who hold cryptocurrencies in the platform’s wallet do not have to report the amount of cryptocurrencies in the RW form of their tax return. In addition, the 26% taxes on income from staking are automatically deducted from the payment of returns, so the user is spared the troublesome task of declaring and remitting them to the treasury. By 30 June of each year, Cryptosmart will send the user a facsimile of the relevant forms of the 730 and/or Income Form already filled out, simply to be handed over to the CAF or accountant in order to include the income from staking in one’s tax return, and recover the withholding taxes incurred.

All cryptocurrencies deposited by users on Cryptosmart are stored and kept at a 1:1 ratio. While this may seem obvious, in reality this mode of operation is not used by many exchanges, as they often self-fund using part of the cryptocurrencies deposited by users. This way any amount on Cryptosmart turns out to be instantly withdrawable at any time. 

Cryptosmart also offers 24/7 support in the Italian language via chat, e-mail and telephone. In addition, Cryptosmart advisors are also able to assist clients with any tax clarifications.