Category: Crypto

Buying and selling Bitcoin for a profit makes you subject to capital gains taxes. Capital-gains taxes occur whether you exchange Bitcoin for dollars or other cryptocurrencies for a profit. Also, it is a similar case when you buy Bitcoin, it increases in value, and then you exchange it for services and products. The IRS Revenue Ruling occurred twice in 2014-21 and 2019-24, offering guidance on crypto tax issues. The serious resolve by the IRS in 2014 stated that cryptocurrency is the property and not currency for federal tax uses. This…

What does it take to make money with cryptocurrency? The cryptocurrency trading market is becoming the dominant ‘sheriff’ in town in trading into the financial world. Regardless of the type, such as Bitcoin, Ethereum, Litecoin, and others, the growing trends and unpredictable trading patterns give cryptocurrencies a well-known reputation. Even though crypto trading is still new to the financial world, there’s a confident prediction of growth increasing shortly. Because of this, it is becoming very popular with many individuals and organizations looking to trade. However, it would be best to…

A lot of people actually don’t know the difference between crypto and futures. The differences are interstellar. They are very different. Crypto means crypto currency. Crypto currency is an amazing form of currency that is decentralised. It is not controlled by any central authority. Crypto currency is incredibly secure, lightning fast and anonymous. For example, bitcoin is a crypto currency. Futures basically means foreign exchange. I am sure you know what for an exchange is. Foreign exchange is the exchange of one currency for another. For example, exchanging GBP to…