Compare CEX.IO vs. Volk Accountant

CEX.IO is a licensed and versatile cryptocurrency exchange that was founded in 2013 and has since established offices in various countries, including the UK, US, Ukraine, Cyprus, and Gibraltar. With a user base exceeding 3 million worldwide, CEX.IO ensures dependable services through cold storage of cryptocurrencies, robust financial health, top-notch security measures, and adherence to KYC/AML regulations. Notably, CEX.IO was among the pioneer platforms to facilitate easy fiat-to-crypto transactions by allowing customers to make payments via credit cards and bank transfers. Presently, the exchange offers a diverse range of trading options for cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, and Tron, among others, which can be traded for fiat currencies like USD, EUR, GBP, and RUB. Understanding the importance of accessibility, CEX.IO has developed trading capabilities through its website and mobile applications for both iOS and Android, as well as through WebSocket and REST API to cater to different user preferences. This commitment to adaptability ensures that clients can engage in trading activities anytime and anywhere.

Volk Accountant is a specialized accounting and invoicing solution designed specifically for businesses registered in Cyprus, managed by Volk Web Ltd, a limited company situated in Paphos. Ensuring compliance with Cypriot regulations is prioritized in the software’s design, rather than treated as an afterthought. It efficiently manages 19% VAT alongside customizable rates, such as the 3% super-reduced rate, enables reverse charge calculations for each line item, provides VAT-4 return figures, and generates the monthly VIES statement—all available from the affordable €29 Starter plan rather than requiring an upgrade. All subscription tiers offer unlimited invoicing and quoting capabilities, support for multiple currencies, and, starting at the Business plan level, automatic translation of invoice line items for clients, ensuring they see their preferred language while tax authorities receive documentation in English. Additionally, users can capture receipts by taking photos with their mobile devices, which are processed using OCR technology, while Stripe payments are automatically reconciled. Every plan also includes a complimentary dedicated portal for your accountant or bookkeeper, modeled after the Cyprus Tax For All portal, featuring read access and the ability to export data in PDF, Excel, and JSON formats. This ensures seamless collaboration and simplifies the accounting process for both businesses and their financial advisors.