- Metamask integrates the Crypto Tax Calculator and offers automated tax returns that are tailored to 23 jurisdictions.
- Investors can manage several wallets and automatically compare transactions, which makes tax reports easier without having to deal with several platforms.
Many cryptocurrency investors find it difficult to calculate their taxes. Metamask users now got good news: the cryptovallet platform has the Crypto Tax Calculator integratedto simplify the tax administration. It enables automatic tax summary, for currently 23 countries, which drastically reduces tax unclairs and risks.
Simple crypto tax calculation for metamask users
Who has the time to analyze blockchain transactions individually? Metamask users can immediately receive applicable tax reports by integration with the Crypto Tax Calculator.
Not only that, but these reports are compliant with the rules of 23 different jurisdiction, including the United States, Canada, Australia, Japan and several European countries.
For users outside of these areas, the tool continues to offer capital income and income tax reports that can be adapted to the local tax laws. The users can also add several wallets at the same time so that all transactions can be compared immediately. The result is a practical procedure that makes the repeated visit of several platforms superfluous.
Bring Bitcoin and Solana on Metamask
On the other hand, Metask seems to offer its offers more and more ambitiously. On February 28, 2025, the company announced plans to expand support for the Solana (SOL) and Bitcoin (BTC) networks. This step helps Metamask to assert its position as a varied and easily available multi-chain wallet.
However, an additional fascinating detail is the company’s intention to eliminate the gas fees in the future. The interaction of the users with Defi could change with this step. Metamask would like to clear this obstacle and rationalize the transactions if users only had to have ETH in the past to pay the gas fees.
Direct crypto payments with MasterCard
Apart from the developments in the area of taxes and blockchain systems, Metask has also climbed into the area of direct payments. According to CNF, the Metamask Card was introduced in Colombia, Mexico and Brazil. By integrating Mastercard, this card enables users seamless crypto transactions.
Users no longer have to worry about exchanging their cryptocurrencies in Fiat before they can spend them for normal purchases. During a transaction, cryptocurrencies can be converted directly into Fiat money with this card, which means that by men such as crypto exchanges. This is a big step to reconcile traditional finance with the crypto world.
More flexibility with a gas station function
Metamask presented another innovation in November 2024 with the gas station function. This allows users to include the network fees directly in the SWAP courses.
One of the biggest problems with Ethereum was that ETH always needed to pay for the gas fees. The gas station users can avoid using ETH especially for these purposes. This offers more freedom, especially for people who prefer to keep their assets in different tokens.
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