Questions tagged [crypto]

ChloeHarris Fri Mar 29 2024 | 6 answers 1185

Hello, I'm quite new to the world of cryptocurrencies. I've heard so much about the potential profits, but I'm also concerned about the risks. Can you really get scammed from crypto? If so, how does it happen? What are the common scams people fall for? And how can I protect myself from becoming a victim? I've heard about wallets being hacked and people losing their investments. Is that really a common occurrence? And what about those pyramid schemes and pump-and-dump schemes? How do they work and how can I avoid getting involved in them? I really want to invest in crypto, but I want to make sure I'm doing it safely. Can you give me some advice on how to stay protected while investing in cryptocurrencies?

SsamziegangStroll Fri Mar 29 2024 | 7 answers 1417

I'm a bit confused about the tax implications of cryptocurrency in the UK. Could you please explain how much tax I'm supposed to pay on my crypto assets? I understand that it might depend on whether I'm trading frequently or just holding onto them, but I'd like a general overview. Also, are there any specific rules or regulations I should be aware of? Thank you for your help.

BusanBeauty Fri Mar 29 2024 | 6 answers 971

I'm relatively new to the world of cryptocurrency and I'm trying to figure out the best way to manage my assets. I currently have some crypto sitting on an exchange, but I've heard that there are security risks associated with keeping crypto on exchanges. Should I move my crypto from the exchange to a wallet? If so, what kind of wallet should I use? And how do I ensure the safety of my crypto once it's in the wallet? I'm also a bit concerned about the fees associated with transferring crypto. Can you provide some insight into this matter? I appreciate your help!

CryptoChieftain Fri Mar 29 2024 | 7 answers 1387

Hello, I am a taxpayer in Australia and I have some cryptocurrencies. I am wondering if I need to declare them on my tax return. Could you please explain the relevant tax regulations and guidance for crypto assets in Australia? Thank you very much.

KimchiQueenCharmingKiss Fri Mar 29 2024 | 6 answers 1303

Excuse me, I've heard rumors that Canada is blocking cryptocurrency. Is this true? If so, what's the reason behind this decision? I'm quite curious about how this move will affect the cryptocurrency market and investors in Canada. Will it have any global implications? And, are there any alternative solutions or workarounds for crypto enthusiasts in Canada?