Then I would pay way too many taxes. There must be a more accurate solution.

Hello,

it's probably an easy to answer question but I can't find it with the search function.

After losses 2018 and a long break from crypto I started to invest again this year. Now I diversified and exchanged some bitcoin fractions (are they called satoshis?) on Binance into BNB and then exchanged these BNB into other coins on pancake swap.
Now I wonder how do I determine my selling and entry prices in fiat currency? I don't know where to find the excact bitcoin or BNB to dollar values for the excact minute of my trade. Can I see that in Binance and Pancake swap? If not, how do I do it instead? If I would take the dailly end rate? If I do that then of course the numbers wouldn't add up because the coins fluctuate during the day.

How do you handle this?

Best regards

Hallo, ich konnte mit der Suchfunktion nichts zu follgenden Thema finden:

Ich habe zum erstenmal bei Binance etwas Bitcoin in BNB getauscht um damit bei Pancake Swap aktiv zu werden. Jetzt frage ich mich wie ich den Einstandswert in BNB und den Ausstiegskurs bei Bitcoin und genauso bei den tauschgeschäften auf Pancake für die Steuer dokumentieren soll. Ich kann ja nirgends nachsehen (zumindest weiß ich nicht wo bei Binance) wie genau der Kurs Bitcoin in Dollar in der Sekunde des Tausches war.
Wenn ich einfach die Tagesschlusskurse nehmen würde, gäbe es ja eine Diskrepanz zwischen dem Verkaufswert Bitcoin und dem Kaufwert BNB.

Wie macht ihr das steuerlich korrekt? 

Thank you for your great help! Especially the link from Damut is very detailed and explains a lot. I haven't had the time to read it all yet, because I'm going to move to another country tomorrow (to do my semester abroad). Once I'm settled I'll continue and let you know how it goes. Hopefully this can help other beginners in the future too.

After sleeping about the decicion to really do this, I've created a wallet with Electrum. I was not sure which type of wallet I should create, at first I wanted a two way authentication but then it was saying that means I would only have control over 2 out of 3 parts of my password and that a server would have the rest. That sounded dangerous so I chose a standard wallet.
Was that wrong?

So now I have a wallet. But how do I put money into it? I tried to find anything but I couldn't find a way. Can you please give me some advise?

Hello I'm interested to invest a small amount (500 Euro, I'm a student) into Bitcoins. However I have no clue how.

I've read through this bourd for a couple of days and the more I read the more confused I get. It seems that I would need to have a university degree in informatics. I don't really understand the technical background and I'm very concerned after I've read about paper wallets, hardware storages and so on. Even though there are a lot of topics with people saying their account got compromised. So if even well informed and careful people can't protect their investment, how shall I?
Furthermore as soon as somebody makes a transaction he must be online and therefore could be hacked, right? This is very frightening.

Since I want to invest only this small amount I'm willing to take the risk, but that leads to the next problem. How? I've read that the following wallets are considered good:
Armory
Electrum
Bitcoin Core

I think I'll go for Electrom since Armory is said to be very complicated and Bitcoin Core to be a bit outdated from a technical point of view.

If I understand it correctly after downloading a wallet I pay fiat money into that wallet, is that correct?

After that I can buy Bitcoins/Ethereum and so on at a market place with my wallet, correct?

So what marketplace would you recommend? I couldn't find any recommandation on this board. On the internet I found this website: https://top10onlinebroker.de/top10/top-10-onlinebroker-fuer-den-handel-mit-ethereum/?origin=google&network=search&google_params[keyword]=bit[Suspicious link removed]gle_params[matchtype]=p&google_params[adposition]=1t2&google_params[device]=c&google_params[device-model]=&google_params[creative]=197569656423&account_id=1200&gclid=Cj0KCQjw8b_MBRDcARIsAKJE7ln_RCtiMXA3zC9Mm6mh0tHzStRD5j-SKB3y99lfghhBtWtazR41GKYaAg3WEALw_wcB

It recommands:
Markets.com
etoro
Plus500
AvaTrade
Trade.com

Since I've never heard of them I'm unsure. What would you recommand? And is this way even correct (paying fiat money into the wallet und paying with that for Bitcoin at a marketplace)?

Thanks in advance.

Hopefully you can shed some light on this confusing topic.

Best regards
Zandrek