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What is Awaken? How can I use it?

Written by Andrew Duca

We started Awaken because crypto taxes sucked, and we wanted a better option. We hope that when you use Awaken, you can tell that people who actually use blockchains built it :).

You can add unlimited wallets & exchanges & get annual gain/loss summaries in just a few clicks, including ready-to-go tax forms for TurboTax or your CPA.

We have automatic imports for Bitcoin, Ethereum, EVM chains (Polygon, BSC, Arbitrum, etc), & Solana, plus exchanges like Coinbase, Kraken, & Gemini. And any blockchain/exchange without automatic imports, we still support via CSV upload.

What makes Awaken different?

Since launching in 2022, we’ve become really good at 4 things:

  • Built for web3. We’re laser-focused on supporting the types of activities users in crypto are doing on-chain today, whether bridging, staking, NFTs, lending, or providing liquidity.

  • Saving you time. On average, we automatically label 80%+ of a user’s transactions. In addition, as you manually label extras, our smart labeling goes & finds transactions that are similar to other labels for you. Many users will save dozens of hours using Awaken vs another tool.

  • Saving you money. We stay up-to-date on the latest IRS guidance to save you as much money on your taxes as possible. Examples: we deduct token approvals against your taxable gains, & gas fees to claim rewards against your income.

  • Did we mention saving you time? By prioritizing data quality & integrity when importing your transactions, we significantly reduce issues of duplicate or missing transactions that can plague other tools.

Our goal: provide the same level of tracking & insights you’d expect from your bank or brokerage account.

For example, we recently launched Awaken Portfolio, a year-round portfolio tracker with real-time asset values, gain-loss insights, & all your current holdings (including DeFi positions & NFTs).

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