Do I have to report crypto if I lost money?
Hello, I'm a bit confused about crypto reporting. If I invest in cryptocurrencies and end up losing money, do I still need to report it to the authorities? It seems like a lot of people are talking about crypto these days, but I'm not sure how it all fits into the tax and financial reporting system. Could you please clarify this for me? I appreciate your help.
Is Coinbase legit in Canada?
I'm new to the world of cryptocurrency and I'm considering using Coinbase as my platform for trading. However, I'm a bit concerned about its legitimacy in Canada. Can you please confirm if Coinbase is a legitimate and trusted platform in Canada? I've heard some mixed reviews and I want to make sure I'm making the right decision. Thank you for your help!
What is the cheapest crypto exchange in Canada?
I'm looking to get into the world of cryptocurrencies, but I'm on a tight budget. Could you recommend the cheapest crypto exchange in Canada? I've heard that some exchanges charge high fees, so I'm hoping to find one that offers competitive rates without sacrificing security or reliability. Also, if possible, I'd prefer an exchange that's user-friendly and easy to navigate. Could you provide some insight into which platforms might fit these criteria?
Can I transfer crypto to my bank account?
I'm sorry, I'm a bit confused about this. I've been hearing a lot about cryptocurrencies lately and I'm interested in getting involved. But I'm not sure how it all works. Can I actually transfer crypto to my regular bank account? And if so, how does the process work? I've heard it can be a bit complicated and I want to make sure I understand it correctly before I proceed. Could you please explain it to me in a simple, step-by-step manner? Thank you so much for your time and help!
Why can't i buy crypto in Canada?
I'm really puzzled. Why can't I buy cryptocurrencies in Canada? I've heard so much about the potential of crypto, and I want to get involved. But every time I try to buy, I'm met with roadblocks and regulations. Is it really that difficult to invest in crypto in Canada? Or am I missing something? I'd really appreciate it if you could explain this to me. After all, you're a professional in this field, so I trust your insights. Please help me understand why I can't buy crypto in Canada.