Category: Cryptocurrency News

Finally, be mindful of any tax obligations before cashing out the majority of your crypto holdings. Every country has its laws so it’s better to consult a tax expert before you decide cashing out large sums of cash in return for your cryptocurrency holdings. A cryptocurrency is a digital currency secured by encryption, due to […]

This includes using two-factor authentication (2FA) on exchanges, employing hardware wallets for storage, and ensuring secure internet connections for transactions. This documentation is crucial for accurately calculating gains, losses, and income, and for substantiating tax returns in case of an audit. Additionally, other factors can affect how high your withdrawal and transaction fees will be. […]