Questions tagged [cryptocurrency]

A cryptocurrency is a digital or virtual currency that uses cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

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Tax implications of receiving Bitcoin as a gift from abroad

What kind of taxes I would need to pay for receiving bitcoin gift (>100k USD) from foreign relative (Russia -> USA)? As I understand, I would not need to pay any tax at the receiving date, as ...
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0answers
51 views

Can I reduce the capital gain on which I have to pay taxes if the previous year I had big losses?

Suppose this year I have a capital gain of 200 thousand pounds, but last year I had a loss of 50 thousand pounds... this year can I pay taxes only on 150 thousand pounds of capital gain? And what if ...
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0answers
101 views

Can I set GnuCash to denominate everything in a security (Bitcoin)?

I have all my personal finances in GnuCash. EUR is now my main currency. The menus allow me to set the main "currency" to, naturally, currencies. I have bitcoin as a security. Can I set my ...
3
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0answers
66 views

Are there minimum level of service requirement for stocks trading platforms in the USA?

I'm trying to determine the major differences between how a typical bitcoin trading platform operates and how a traditional stocks trading platform operates. Of biggest concern right now is some ...
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0answers
39 views

Stepped-up Basis with a Revocable Living Trust

Scenario is this: son was trustee and invested extra savings in cryptocurrencies while father was alive and not able to make his own decisions. A few additional cryptocurrencies were purchased after ...
2
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1answer
405 views

gnucash: How to set currency of a stocks account? Moving stocks from one stock account to another with different currencies

I am using gnucash for tracking my stocks, ETFs and cryptocurrencies. For the latter, I often heard the recommendation to treat them as a security. As such, I added a CRYPTO namespace in the ...
2
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0answers
187 views

OHLC anomalies on Yahoo Finance's data

While looking at BTC-USD data on Yahoo Finance, I was puzzled by the following: Date Open High Low Close* Adj Close** Volume Apr 06, 2017 1,129.87 1,201.55 ...
2
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0answers
320 views

Tax rate of bitcoin trading for non-resident alien

I'm an international student holding F1 visa in the states. I find information on the IRS page which says non-resident aliens are subject to 30 percent flat rate for capital gains. Does this rate ...
2
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0answers
199 views

Should non-citizens pay gift tax for sending bitcoin to non-citizen living abroad?

I am non-us citizen (an international student) but resident alien for tax purposes. If I send my bitcoins to my family living abroad, should I pay the gift tax? I read articles but they say 'us ...
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2answers
147 views

How do cold wallets know how much money you have so quickly?

From my understanding, you have to recheck most of the blockchain just to see if people have sent money to you. Outgoing transactions would just be remembered on device right? So how can wallets like ...
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44 views

How to calculate the capital gains with cryptocurrencies, to be correctly taxed in France?

I have been investing recently in cryptocurrencies, and if I were to make any profit, the capital gains will have to be taxed. If I have losses, I must also declare them properly. I am located in ...
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0answers
38 views

How do companies' Bitcoin (or other proof-of-work cryptocurrencies) holdings impact their ESG ratings?

When I land on the Morningstar page for a fund, for example Legal & General Future World Climate Change Equity Factors Index Fund, or a Blackrock iShares ETF page, for example iShares MSCI World, ...
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0answers
54 views

Is me sending some Bitcoin to a Tor service a transaction? Or only when I buy something with those Bitcoin from the Tor service?

I've started recording all my money transactions, be them fiat or Bitcoin. Now I wonder how to record the following situation: I have an existing 0.05 BTC in my Bitcoin Core wallet running on my ...
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0answers
177 views

Algorithm to minimize capital gains tax

I've made thousands of cryptocurrency trades and have them in a CSV file with the necessary fair market values. I'd like to use the specific-shares cost basis method to minimize my gains. Is there a ...
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0answers
67 views

Daily spread measure for products in crypto exchanges?

I'm now trying to trade in crypto, and I want to get a measure of the liquidity of products listed in exchange. Trading volume is a good measure, and easy to obtain. Spread is also a good measure, ...
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51 views

Holding Period Algorithms and the Blockchain

According to this interview, taxation holding periods in the United States for cryptocurrency can be determined by FIFO (First In First Out), LIFO (Last In First Out), or a more flexible option called ...
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1answer
73 views

Can someone explain to me how does the AirTm work?

Can anyone explain to me how does the AirTm work? I understand the basics of it, but the entire process doesn't appear "smooth"..Basically just wanted to check can I get the money the ...
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0answers
47 views

Binance future executed volume is too low compare to % increase in price

I closed a ETHUSDT long position with leverage 1x. It gives below result. Executed:2013.65 USDT Trading total:2016.79 USDT Total PNL:16.54 USDT Total Fee:0.00164205 BNB I calculated the % increase in ...
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32 views

How trading fee is calculated in exchanger?

I don't know whether it is the perfect place to ask questions or not, But my question is in DEX or CEX, from where the trading fee is deducted ? from the base or the quote currency ? if trading fee is ...
0
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1answer
167 views

Open Interest vs Notional Value of Open Interest, what's the difference?

so in binance trading data, I came across with this where the open interest is falling but the notional value of OI is being steady. my understanding is that Open Interests represents the number of ...
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0answers
76 views

Calculations for my Portfolio

First excuse my maths and limited finance knowledge. I am testing investing in crypto and trying to calculate my ROIs, Profit/Loss etc and getting stuck a bit and was wondering if anyone can help! ...
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116 views

Market neutral strategy with leverage and perpetual swaps?

What is a "perpetual swap"? In cryptocurrency exchanges, there is a financial product called "perpetual swap". (It is also called as "perpetual futures" or "...
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118 views

Cryptocurrency Exchange: Does coinbase charge you for gas fees?

I'm reading this article which says coinbase could charge you for gas fees. However, when Ethereum gets congested, Coinbase will charge you for gas fees too. When it comes to gas, Uniswap and ...
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70 views

What is the difference between Tether & USD Coin?

How are Tether (USDT) & USD Coin (USDC) different and what advantage is there to using one over the other or are they the same? Tether has a somewhat shady past & is no longer backed 1:1 by ...
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89 views

Will employees paid in Bitcoin, etc be subject to capital gains upon transferring to fiat in the US?

A company is able to pay its employees either partially or at 100% in Bitcoin. The company reports and withholds the appropriate USD equivalent on the employee's tax return. If the employee holds the ...
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0answers
50 views

Are uninsured financial institutions riskier places to keep my wealth, now that cryptocurrencies make embezzlement easier?

Suppose that one or more high-level officers at a stock brokerage, or other retail financial institution, decide to embezzle most of the assets held there. The embezzlers liquidate the assets into ...
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1answer
198 views

Taxation of capital gains by USA from cryptocurrency of Russian student on an F-1 visa

I am from Russia and I currently study in the US on F-1 visa. Last year I did some cryptocurrency trading which is taxed as capital gains in the US. US-Russia tax treaty says that: Capital gains on ...
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1answer
70 views

Will my friend in Germany be taxed on Crypto gifted from a friend living outside Germany?

I need to send some Euros(€) as gift to a friend living in Germany. If I send the the same worth of crypto(Bitcoin) as gift, will my friend be taxed in Germany?