Crypto ICOs Explained: A Simple Guide for Investors
Crypto ICOs (Initial Coin Offerings) are a way for blockchain projects to raise funds by selling tokens to investors. For taxes, profits from selling tokens are usually subject to capital gains tax, while tokens received as payment may be taxed as income, depending on your country’s laws. Early investors...
ERC-20 Tokens Explained: The Complete Guide
ERC-20 tokens are cryptocurrencies on the Ethereum blockchain that follow a specific set of rules and standards. Think of them like apps designed for iPhones; they are built to work seamlessly on the Ethereum network, just like iPhone apps are made to work on iOS. DeFi, or decentralized finance,...
DeFi Tax Reporting: Complete Guide
DeFi tax reporting is simple once you understand the basics. But then, why is there so much confusion? Many countries haven’t released specific guidelines for DeFi transactions. Plus, some DeFi activities are more complex than others, dividing even the experts on their tax treatment. The Jarrett’s staking rewards lawsuit...
6 Best Platforms to Trade Crypto Options
Finding the best platforms to trade crypto options can be overwhelming, especially with so many choices out there. Whether you’re a seasoned trader or just starting out, it’s tough to know which platform offers the right mix of security, low fees, and useful features. You’re not alone—many traders face...
Bitcoin Futures and Options: Explained
Bitcoin futures and options are financial tools that let investors buy or sell Bitcoin at a set price in the future. Futures lock in prices, while options give the choice to trade without obligation, helping manage risk and profit from price changes. Bitcoin, the world’s first cryptocurrency, has changed...
8 Best Crypto Portfolio Trackers: Keep Track of your Digital Assets
Finding the best crypto portfolio trackers is essential if you’re an active crypto trader or investor. Why? Well, with over 500 million crypto users worldwide and thousands of digital assets available, keeping tabs on everything—from DeFi investments to NFTs—can feel like a full-time job. If you’ve felt this frustration,...
How to Manage Risks in your Crypto Portfolio? 7 Time-Tested Strategies
To manage risks in your crypto portfolio effectively, you should spread out your investments, use hedging strategies, avoid emotional investing, base decisions on solid research, keep your crypto in secure hard wallets, and regularly rebalance your portfolio. Investing in cryptocurrencies comes with its share of risks, and understanding them...
Best Multisig Crypto Wallets in 2024: Secure your Crypto
The best multisig wallets should offer everything a regular crypto wallet does—security, useful features, and a good reputation. But for multisig wallets, it’s even more important that they are easy to set up and use. This is why multisig wallets are perfect for big investors, high-stakes decision-makers in companies,...
How to Choose the Best Crypto Tax Software: Ultimate Guide
Choosing the best crypto software comes down to matching your budget and needs, whether that’s an easy interface or the number of transactions with what the tool offers. Crypto tax software has become an essential tool for traders and investors today due to the rising complexities of crypto taxes....
Backtesting Crypto Trading Strategies: In-Depth Guide
Backtesting crypto trading strategies means testing your strategy with historical data to see how well it would have worked in the past to predict future success. It helps traders understand if their strategy is likely to make money in real trading. In this guide, we will cover what and...