Which exchange in Australia is best for crypto?
I'm interested in investing in cryptocurrencies and I'm looking for the best exchange platform in Australia. Could you please recommend a reliable and secure exchange that offers a wide range of coins and tokens? I'm also concerned about transaction fees and customer support. Could you provide any insights into these aspects as well? I appreciate your help in making this decision.
Can Canadians cash out crypto?
Good day, I'm a Canadian crypto investor. I've been hearing a lot about cryptocurrencies lately, and I'm quite interested in them. However, I'm a bit confused about one thing: can Canadians cash out their crypto assets? I understand that crypto is a global currency, but I'm not sure if there are any specific regulations or limitations in Canada that might affect this process. Could you please enlighten me on this matter? Thank you very much for your time and assistance.
Did people who had money in FTX lose it?
I'm sorry to hear about the recent collapse of FTX. As a professional practitioner in the field of cryptocurrency and finance, I'm sure you're aware of the significant impact this event has had on the crypto market. I was wondering, did those who had invested their money in FTX lose everything? Was there any way to prevent this from happening? And what are the lessons we can learn from this incident to ensure the safety of our investments in the future?
Can you write off worthless crypto?
I've invested in a number of cryptocurrencies, but unfortunately, the value of some of them has dropped significantly. Can I write off these worthless cryptocurrencies as a loss on my taxes? I understand that there are specific rules and regulations regarding this matter, but I'm not entirely sure how they apply in my situation. Could you please provide some clarification?
Do I have to report if I bought cryptocurrency?
Hello, I am a bit confused about the reporting requirements for cryptocurrency transactions. Could you please clarify for me if I need to report whenever I purchase cryptocurrency? If so, are there specific details or thresholds I should be aware of? Additionally, what are the potential consequences of not reporting these transactions? I appreciate your assistance in helping me understand the reporting obligations related to cryptocurrency purchases.