Margin Trading Cryptocurrency
Sometimes, despite good market indicators and trading skills, traders are limited by how much capital they have to invest. Margin trading solves this problem. Margin trading cryptocurrency allows you to long or short bitcoin for more than the capital you have. Think of it as a loan provided only...
Wrapped Tokens: Bridging Different Blockchains
Wrapped tokens solve a fundamental limitation of the current blockchain technology and, by extension, the DeFi sector. The limitation of cross-chain applications between different cryptocurrencies. Think of blockchain technology as the operating system for cryptocurrencies. Just like you can’t play Android games on Windows, you can’t use Bitcoin on...
Anonymous Crypto Debit Card – Does it Exist?
The idea behind an anonymous crypto debit card is one can use it without disclosing their identity to any third party or the government. While this idea sounds great on paper, it’s not practical. Federal law requires these companies to verify their customers’ identities before providing crypto debit cards,...
How to Read Crypto Charts as a Beginner?
As a beginner, looking at a crypto chart and trying to make sense of it can be scary. But whether you wanna day trade or swing trade, reading charts is an essential skill you must learn sooner or later. The good news is it’s not as complicated as you...
Crypto Taxes in the UK: An In-Depth Guide
Crypto taxes in the UK are pretty similar to that of the US – Capital gain taxes on disposal of cryptocurrency and income taxes on crypto received as income or revenue. There are, however, some key distinctions between the two kinds of transactions. More importantly, it’s critical to understand...
Different Cost Basis Accounting Methods: Complete Guide
Want to save more taxes? Well, what cost basis accounting method you use determines your gains, which determines how much you pay in taxes. So naturally, you would wanna use a cost basis method that works in your favor. The following is a small but comprehensive guide on the...
Crypto Taxes in Brazil: An In-Depth Tax Guide
Crypto taxes in Brazil are in the middle of a controversy right now due to a new tax reform that many think is unconstitutional and outright illegal. But to understand what went wrong, first, we must understand the basics. In Brazil, crypto gains are taxed under capital gain taxes,...
Crypto Debit Card Taxes – A Solution
This is how crypto debit card taxes work – Every time you spend your cryptocurrency from your crypto debit card, you realize capital gains (or losses) and get taxed accordingly. You’ll also have to report each and every transaction from your card on your tax return, no matter how...
The Wash Sale Rule: Does it Apply to Crypto?
If you’re a US taxpayer, it’s good news for you. The wash sale rule doesn’t apply to crypto in the US. However, that’s not the case in every country. But what is the wash sale rule anyway? And how can you utilize it to reduce your crypto taxes? Let’s...
Crypto Taxes in Malaysia: An In-Depth Tax Guide
In a recent list of top 10 crypto tax-free countries, Malaysia was ranked #5. Even though crypto taxes in Malaysia, for the most part, are non-existent, there are some exceptions. You’re liable to income tax rates in Malaysia if you day trade crypto or receive crypto as income. This...