ChartBuddy
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ChartBuddy
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bct_ail
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March 30, 2024, 10:56:06 AM Merited by JayJuanGee (1) |
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I hear in Germany, it is zero tax after a year. No such luck here, but some more manageable amount after a year.
Yes, that is right. If you HODL for one year and selling then you do not have to pay taxes in Germany. This rule has been in place for a very long time, but it was still not always safe. Some tax offices did not recognise the 1-year deadline. In 2022, the rules were clarified from the government and since then it is safe with the 1-year deadline. Some other rules have also been clarified. Staking and airdrops (no 1-year deadline but 25% taxes at least), mining and even how to calculate taxes in the event of a hard fork. |
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ChartBuddy
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March 30, 2024, 11:01:15 AM |
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criptoevangelista
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March 30, 2024, 11:16:27 AM |
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bitserve
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March 30, 2024, 11:39:07 AM Merited by JayJuanGee (1) |
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you need front and back photo of your drivers license or your passport.
Also they are FDIC for your cash.
I usually keep a few thousand in cash for business on their site.
Less in coins.
My relative is on visit visa to USA and has valid passport with USA visa. So he can also use that facility? The withdrawal is not much just few hundred buck's. What about binance? That too works in USA? Sounds like too much hassle for just a few hundreds but anyways.... Can your relative open a bank account in US if he is not a resident? For just a few hundreds I would consider using a Bitcoin ATM even if the fees are sometimes a bit too high. Specially if what he needs is cash. If it is just for some purchases, there are lots of stores supported by Bitrefill gift cards ( https://www.bitrefill.com/us/en/gift-cards/)... and those do not have additional fees. ALso there are some virtual visa cards you can load. Going the bank route for this type of transaction seems overkill, unless there are reasons I am not aware of. |
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March 30, 2024, 12:01:17 PM |
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ChartBuddy
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March 30, 2024, 02:01:15 PM |
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El duderino_
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March 30, 2024, 03:38:22 PM |
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Four in a row… STOP
Buddy interruption!
The Dude taking care.
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March 30, 2024, 04:01:14 PM |
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cmacwuz
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March 30, 2024, 05:37:47 PM |
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Wow boring times at altitude, Q4 looms big IMO
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March 30, 2024, 06:01:16 PM |
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WatChe
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March 30, 2024, 06:09:38 PM |
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Binance US discontinued its transactions in USD right around the the beginning of 2023.
There is cash app, and Gemini, and there may be bitcoin atms, depending on the city where the guy is going... or maybe bitcoin meetups and just transact directly with some real world peeps.
Thanks JayJuanGee for the help. I think as philipma1957 said, coinbase is good option to go for. Sounds like too much hassle for just a few hundreds but anyways.... Can your relative open a bank account in US if he is not a resident?
Already there with bank account. |
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Paashaas
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March 30, 2024, 06:13:44 PM |
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Biodom
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March 30, 2024, 06:20:55 PM
Last edit: March 30, 2024, 06:34:19 PM by Biodom Merited by JayJuanGee (1) |
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Binance US discontinued its transactions in USD right around the the beginning of 2023.
There is cash app, and Gemini, and there may be bitcoin atms, depending on the city where the guy is going... or maybe bitcoin meetups and just transact directly with some real world peeps.
Thanks JayJuanGee for the help. I think as philipma1957 said, coinbase is good option to go for. Sounds like too much hassle for just a few hundreds but anyways.... Can your relative open a bank account in US if he is not a resident?
Already there with bank account. FYI: Coinbase account and bank account would have to have an exact same spelling of the name (and opened to the same person) for them to facilitate the transfer...no third name transfers. EDIT: foreigners can easily open US bank accounts, but Americans cannot easily open foreign bank accounts (in fact, most banks outside of US don't do business with US citizens). It is a "funny" asymmetry. |
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Biodom
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March 30, 2024, 06:23:08 PM |
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Indeed, considering that gold is already at 10X market cap (currently). However, it is feasible for gold to go to 5K or 15.41 tril X (5000/2233)=34.5 tril while bitcoin matches this at $1.64 mil/btc in 6-8 years. In fact, this would be quite possible. |
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