Crypto Taxes for US Expats: A Comprehensive Guide
Crypto taxes for US expats is pretty simple when you remove all the nuances: You may not always be liable to capital gains taxes on your crypto gains or income taxes on your crypto income, but regardless of your tax liability, you must always report all your gains, income,...
Crypto Credit Cards: Explained
Crypto credit cards allow users to earn rewards in cryptocurrency while making purchases with fiat currency, like any regular credit card. Crypto credit cards and debit cards have witnessed a remarkable surge in popularity in recent years. This trend is reflected in Visa’s Q1 2022 earnings report, where users...
Is Crypto Tax Loss Harvesting Right for You? The Pros and Cons Explained
Crypto tax loss harvesting can reduce taxable gains and income while rebalancing your portfolio. However, investors must also consider the opportunity cost of selling assets too early, potentially paying more taxes in the long run, transaction fees and the need for meticulous record-keeping. Let’s face it. Nobody likes paying...
10 Biggest Crypto Scams and Frauds of All Time
At its core, crypto aims to be decentralized and anonymous, inevitably making it less regulated than our traditional financial infrastructure. The biggest crypto scams exploited this very fact, in addition to people’s fear of missing out and lack of understanding about the technology. From rug pulls, Ponzi schemes and...
Holding Crypto in RRSP or TFSA: Crypto Tax Hack for Canadians
Holding crypto in RRSP or TFSA is not possible, but you can still invest indirectly through Bitcoin ETFs. These funds track the price movements of Bitcoins held by the ETF provider, making it a familiar and accessible method for investors to profit from cryptocurrencies. The only drawback is that...
5 Latest Big Developments in the Crypto Space
Hong Kong will allow retail trading of cryptocurrencies from June 1, Conflux prices surged by an impressive 19% in just a single day, Binance faces allegations of commingling customer funds with company revenue from Reuters, Florida Governor Ron DeSantis announces presidential bid and criticizes restrictive regulations on Twitter Spaces,...
Reduce Your Taxes Using Worthless NFTs: A Powerful Tax-Saving Strategy
There are many people who bought stupidly expensive NFTs with no real utility that are now virtually worthless. If you, too, made the mistake of getting caught up in the hype and FOMO and now don’t know what to do with them, we might have a solution for you...
8 Best Crypto Trading Strategies: Maximize your Profits
Scalping crypto, swing trading crypto, crypto margin trading, derivatives trading, arbitrage trading, range trading and automated trading are all some of the best crypto trading strategies. And we will break down each one of them for you today, explaining how they work, their pros and cons and if it’s...
Crypto Tax Planning in the US: A Beginner’s Guide
Crypto tax planning is the process of organizing your crypto transactions and holdings to minimize your tax liabilities as much as possible. As a crypto investor or trader, tax planning can involve a range of strategies, such as keeping track of your trades and purchases, maximizing your deductions and...
Crypto Scams: 8 Most Common Scams and How to Avoid Them
Where there is money, there is always someone trying to steal it from you. And the crypto world is no exception to this unfortunate reality. In fact, crypto scams and hacks have been more prevalent than ever before. Just last year, we witnessed what probably is the biggest crypto...