HallyuHeroLegendaryStar
Fri Jun 07 2024
|
5 answers
910
Which crypto is legal in Canada?｜Yes, is legal in Canada. You can hold, buy, and sell it without any problems. However, some trading venues are not registered with Canada's security regulators, meaning that they could be illegally selling you Bitcoin .Bitcoin
Which cryptocurrency is considered legal in Canada? I've heard conflicting reports and would like to clarify. Is Bitcoin, specifically, legal to hold, buy, and sell within Canada's borders? Additionally, could you elaborate on the potential risks associated with purchasing Bitcoin from unregistered trading venues? I'm concerned about falling prey to illegal sales practices.
amelia_harrison_architect
Fri Jun 07 2024
|
6 answers
1174
Do Canadians pay tax on crypto?｜Canadians do not have to pay taxes for buying or holding cryptocurrency. Taxpayers are subject to pay capital gains or business income tax after selling or mining cryptocurrency. The percentage of net profits that are taxable depends on whether the Profits are classified as capital gains or business income.
Do Canadians have to pay taxes for owning cryptocurrency? It's often puzzling for many to understand the tax implications of crypto transactions. Could you clarify if Canadians are taxed when purchasing or merely holding digital currencies? Is it only when they sell or mine crypto that they become liable for capital gains or business income tax? And how does the classification of these profits as either capital gains or business income determine the taxable percentage of net profits?
Martino
Fri Jun 07 2024
|
6 answers
1484
Do I pay taxes if I convert crypto?｜The IRS treats cryptocurrency as property, meaning that and typically results in either a capital gain or loss.when you buy, sell or exchange it, this counts as a taxable event
Could you please clarify for me? If I decide to convert my cryptocurrency into another form, am I then obligated to pay taxes on this transaction? As I understand, the IRS views cryptocurrency as a type of property. So, when engaging in activities like buying, selling, or exchanging it, does this automatically constitute a taxable event? If so, how does the IRS typically determine whether the transaction results in a capital gain or a loss? I'd appreciate any insights you can provide on this matter.
DigitalEagle
Fri Jun 07 2024
|
6 answers
1873
How to buy crypto with AUD?｜Buy Bitcoin in Australia: Conclusion To buy Bitcoin on CoinJar, you need to create an account and verify your ID. Then, you can choose from various payment methods, such as debit card, credit card, or bank account transfer. CoinJar offers fast and low-fee transactions, and supports multiple currencies.
How does one purchase cryptocurrency using Australian dollars?｜Concise Guide on Acquiring Bitcoin in Australia: To acquire Bitcoin through CoinJar, could you elaborate on the steps? Would I be required to establish an account and authenticate my identity? Once this is accomplished, what payment options are available? I've heard of debit cards, credit cards, and bank transfers. Could you confirm if CoinJar facilitates swift and cost-effective transactions? Additionally, does it cater to multiple currencies?
DigitalEagle
Fri Jun 07 2024
|
7 answers
1448
How do I not get scammed with crypto?
Could you please elaborate on how I can avoid falling prey to cryptocurrency scams? I'm particularly interested in understanding what kind of strategies or measures I should adopt to ensure the safety of my investments. Would you mind sharing some common red flags that indicate a potential scam? Additionally, how can I verify the legitimacy of a cryptocurrency exchange or wallet service before using it? I'm keen on learning about any reliable resources or tools that can assist me in making informed decisions. Thank you for your guidance in this matter.
