Tag: Bitcoin make purchase

How To Pay Taxes On Bitcoin Profits

When you make a profit from bitcoin, you will need to report it to the IRS. The good news is that there are a few ways to do this, and the one you choose will depend on how you hold your bitcoin. If you hold your bitcoin as an investment, you will need to report […]

How Do You Pay Someone With Bitcoin

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]