Cryptocurrencies are a new and exciting investment, but when it comes time to pay taxes on them, things can get a bit confusing. Here’s a guide on how to calculate taxes on crypto. The first step is to determine the fair market value of your cryptocurrency on the day you sold it. To do this, […]
How To Transfer Crypto From Coinbase To Blockfi
Coinbase and Blockfi are two of the most popular cryptocurrency platforms in the world. Coinbase allows users to buy, sell, and trade cryptocurrencies, while Blockfi offers interest-bearing accounts and loans for Bitcoin and other cryptocurrencies. If you want to transfer your cryptocurrencies from Coinbase to Blockfi, the process is relatively simple. Here’s a step-by-step guide […]
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How Much Taxes Do You Pay For Crypto
Cryptocurrencies are growing in popularity, but what many people don’t know is that they are taxable. In this article, we will explore how much taxes you pay for crypto. When you buy cryptocurrencies, you are required to pay capital gains tax on the profits you make. For example, if you buy a cryptocurrency for $1,000 […]
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How Does Crypto Loan Work
Cryptocurrencies have taken the world by storm in recent years, with the value of bitcoin and other digital assets reaching all-time highs. As cryptocurrency prices have increased, so too has the interest in using digital assets as collateral for loans. Cryptocurrency loans work much like traditional loans, with a borrower receiving a certain amount of […]
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How To Claim Taxes On Crypto
Cryptocurrencies are becoming more and more popular every day, with their values rising and falling unpredictably. While some people see cryptocurrencies as a way to make a fortune, others view them as a way to avoid paying taxes. The truth is, cryptocurrencies are taxable just like any other form of income. The IRS released guidance […]
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What Is A Taxable Crypto Event
A taxable crypto event is a taxable event in the world of cryptocurrency. This means that any time a taxable action occurs, it is subject to taxation. While this term is not specifically used in the context of cryptocurrency, the idea of a taxable event is nothing new. In fact, the term is often used […]
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