RareHunter
All Star
How do cash out into Fiat? Meaning let’s say u hit it big. How do u get a large portion into Fiat to buy assets like homes and property?
1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
How do cash out into Fiat? Meaning let’s say u hit it big. How do u get a large portion into Fiat to buy assets like homes and property?
RareHunter
All Star
Brehhhhhhh I was gon jump but even the grammar and sentence structure on the website sounded play play and went to sleep.
I got in on this project called space soldier right after presale like less than 24 he old and it still ain’t did nothin.
I'd be down
High quality poster
Veteran
I don't know about 8 figures but I know about deducting 10 points.
Haha I need this emax to hit brotha
Convert your money into a USD coin, Tether or Dai and depending on your withdrawal limit, take your money out through an exchange.
RareHunter
All Star
Thanks. What do you do about taxes? How u suppose to remember all the times you converted 1 crypto to another and the fact it’s seems like the IRS purposely wants to keep ppl down.
Like another poster said on here, all the years I've been trading crypto I've never received anything from the exchanges or the IRS in regards to money.
each trading app, trading site, trading wallet has a record of your buy/sell transactions...they won’t all always keep your transaction history for long tho...case in point I hadn’t logged into kucoin, coinbase etc. for a couple years and there’s almost no history left of over a hundred transactions I mostly made in 2017/2018...but I’ve always keep spreadsheets of everything...a separate spreadsheet for each exchange, etc. ...ultimately you are responsible for keeping a record of this information
the IRS will eventually seek you out if you’ve invested a certain amount with certain exchanges (I know with coinbase at least $20k invested puts you on their radar) or withdrawn a certain amount...if your investments/earnings aren’t much then you don’t have much to sweat for now
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Like others have said, withdrawing thru an exchange and dealing with taxes. They usually have reports available or able to be generated. I paid like $100 for a report from last year with coinbase. Long as you report something, should be good. Hopefully the tax rate gets lowered or doesn't increase.
Same here. I must be doing things wrong cuz I kept adding and it kept dipping.
High quality poster
Veteran
Same here. I must be doing things wrong cuz I kept adding and it kept dipping.
Not sure if it’s a blessing or a curse but my uniswap transactions aren’t going through no matter what slippage I put it on
Pacni99a12
All Star
Try increasing the gasNot sure if it’s a blessing or a curse but my uniswap transactions aren’t going through no matter what slippage I put it on
@Originalman
ZEN passed the .003 mark for the first time in years. Closing in on ZEC.
DOGE holders mad as fuk as Barry Silbert for speaking the truth about ZEN being the best project in the space, and DOGE being a joke. They've been doing at him for the past 24 hours, but he and my fellow Zenvangelists won't let the doggy people tear him down.
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ZEN passed the .003 mark for the first time in years. Closing in on ZEC.
DOGE holders mad as fuk as Barry Silbert for speaking the truth about ZEN being the best project in the space, and DOGE being a joke. They've been doing at him for the past 24 hours, but he and my fellow Zenvangelists won't let the doggy people tear him down.
.High quality poster
Veteran
Kim K repping EMax now... who’s the founder of this fukking coin Brehs. Why all these celebs tapped in.That Kim K stimulus package