Revix Tax


Revix is a cryptocurrency exchange founded in South Africa by Sean Sanders, the company’s CEO. The platform offers packages including cryptocurrency, Pax Gold, and Smart bundles. Unlike some other cryptocurrency trading platforms, both desktop and mobile apps in Revix’s user interface is tidy and straightforward. Additionally, helpful visualizations make it simple for beginners to start trading and investing in cryptocurrencies.

Products and services

Revix offers several products and services on its platform, all involving trading and investment in digital assets. These products include the following:

  • Bundles

Users who want to diversify across the top cryptocurrencies with only one investment can easily choose this Bundle package. The Bundle allows users to closely monitor the overall performance of the crypto asset class because it includes more than 85% of the whole crypto market. There are several classifications of these bundles, depending on their nature. They are:

  1. The Top 10 Bundle – Exposure to more than 80% of the cryptocurrency industry by investing in the top 10 cryptocurrencies in the world.
  2. Platform Bundle – Users invest in the top 5 cryptocurrency platforms.
  3. Privacy Bundle – Investing in the top 3 cryptocurrencies with a privacy focus. These blockchain technologies work to safeguard the right to online privacy.
  4. Payment Bundle – Investing in the top 5 cryptocurrencies with a payment-focused focus. These blockchain technologies are enabling quicker, more affordable, and borderless payments.
  • Cryptocurrency investments

South Africans can invest in cryptocurrencies on the Revix platform using a secure and straightforward system. Investment services are offered predominantly for the top ten cryptocurrencies included in the Top Ten Bundle.

  • Savings Vault

Users’ USD Coin (USDC), a stablecoin for the digital dollar, is used by USD Savings Vault by enabling the assets to generate a safe, high-yield return on initial USD Coin holdings. Users who invest and lock USDC into their USD Savings Vault can utilize decentralized lending services to lend USDC to others.

  • Revix Tax

Revix and Tax Consulting South Africa (TCSA) have teamed up to introduce Revix Tax. This service enables users to effortlessly become compliant with cryptocurrency taxes without having to deal with the hassle of manually calculating earnings across numerous exchanges and wallets.

  • Paxos Gold (PAXG)

PAX Gold (PAXG) is an asset-backed token where customers can benefit from owning gold bars physically through PAXG while still having the speed and mobility of a digital asset. Anyone who owns PAXG has custody of the Gold under their ownership rights, which Paxos Trust Company holds. To make it simple to interface with exchanges, wallets, lending platforms, and other cryptocurrency products, PAX Gold is designed as an Ethereum token that complies with the ERC-20 protocol.

Revix Tax: How it works

South African users have until October 24, 2022, to register their cryptocurrency gains or losses for tax purposes. Revix Tax is a product of a partnership between Revix and Tax Consulting South Africa (TCSA). The firm is at the forefront of all tax compliance-related issues and comprises experienced attorneys, chartered accountants, and compliance specialists. TCSA assists South African taxpayers with the appropriate guidance when handling their tax-related questions relating to crypto assets. TCSA is a pioneer in the field of regulatory tax compliance and a prominent voice in the field of tax regulation and compliance.

Revix Tax is accessible through a simple web gateway to Revix and non-Revix customers for the tax filing season. By consolidating cryptocurrency transaction history and doing all of the grunt work involved in computing taxes, this service was created to provide users with more clarity regarding the tax treatment of their holdings in digital assets. With more than 10,000 cryptocurrencies and compatibility for over 300 exchanges, Revix Tax gives customers everything they need to comply with tax laws.

How to get started with Revix Tax

The South African Revenue Service (SARS) does not have access to users’ personal information from Revix. Revix shares users’ information with their tax partners so they may compute the taxes owed on their cryptocurrency investments. From there, customers can confidently handle cryptocurrency taxes using the included Crypto Tax Pack. Users can accept or reject the quote they received without any conditions once they have requested a quote to compute their taxes. Users must submit a payment for the specified amount to proceed. After that, Revix Tax will perform the necessary calculations to create a Crypto tax bundle.

Users may utilize this service while holding other wallets or exchanges. Before Revix can offer a tax quote, users must collect the relevant records of their transactions from other platforms and exchanges. Users must submit a whole set of statements covering the required tax period; otherwise, Revix Tax won’t be able to produce appropriate tax packs. The exchange manages every step of this process if a user’s assets are restricted to a Revix account.

 Issues and occurrences while using Revix Tax

Revix does not share users’ information with tax authorities. There are now no laws or requirements that compel Revix to do this, but they might be included in the future. It implies that users are responsible for accurately disclosing their cryptocurrency winnings and losses to SARS. For clarity, there is no way to avoid paying taxes, and dealing with cryptocurrencies does not fall within this category. Users have two options: they can rely on accountants with limited knowledge and run the danger of a SARS audit, penalties, interest, and criminal penalties, or they can seek out the right specialist and legal counsel beforehand. With the Revix Tax, clarity is the key to safety in this situation.


Regarding security, user details are not shared with the South African Revenue Service (SARS). A proof-of-reserve report on assets in custody is produced by Revix Tax every quarter using Mazars, a renowned worldwide audit, tax, and consultancy firm. Revix complies with all local South African fiscal laws and uses Jumio to maintain the highest levels of worldwide KYC and AML compliance standards. Microsoft and HSBC also trust Jumio.

Fees and limits

The price for Revix Tax service starts at R 5500 for a finished tax pack and varies depending on how complicated the users’ investing activities are. With Revix, there are no costs associated with safely preserving users’ digital assets.

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