Cryptocurrency Q&A

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TimeRippleOcean TimeRippleOcean Sat Mar 30 2024 | 6 answers 1253

Can I buy BTC in Egypt?

I'm curious, is it possible to purchase Bitcoin in Egypt? I've been hearing a lot about cryptocurrency and its potential, and I'm interested in getting involved. However, I'm not sure if it's legal or even possible to buy Bitcoin here. Could you please shed some light on this matter for me? Is there a specific exchange or platform I should use? Or are there any restrictions or regulations I should be aware of? I appreciate your help in answering these questions.

Can I buy BTC in Egypt?
GyeongjuGlory GyeongjuGlory Sat Mar 30 2024 | 7 answers 1198

How much does it cost to exchange crypto?

Excuse me, I'm quite new to the world of cryptocurrencies. Could you possibly enlighten me on the cost of exchanging crypto? I understand that the value of cryptocurrencies fluctuates constantly, so is there a fixed fee for transactions, or does it depend on the market conditions? Also, are there any hidden costs or fees I should be aware of? Thank you for your time and assistance.

How much does it cost to exchange crypto?
Federico Federico Sat Mar 30 2024 | 7 answers 1373

Does Binance contact HMRC?

I am rather puzzled by this matter. Given the complexity and sometimes controversial nature of cryptocurrencies, it seems plausible that HMRC, being a tax and revenue authority, would want to stay up-to-date on any transactions that might have tax implications. However, Binance, being a leading cryptocurrency exchange, would presumably have its own set of regulations and compliances to adhere to. So, does Binance indeed contact HMRC to ensure compliance with tax regulations? Or is there another layer of intermediaries or authorities involved? This question is particularly relevant given the recent surge in popularity of cryptocurrencies and the need for clarity on tax implications.

Does Binance contact HMRC?
Martina Martina Sat Mar 30 2024 | 7 answers 1356

Do you only pay tax on crypto when you cash out UK?

I'm a bit confused about the tax rules surrounding cryptocurrencies in the UK. Do I only have to pay tax on my crypto assets when I cash them out or convert them into fiat currency? Or am I taxed on the value of my crypto holdings every year, regardless of whether I sell them? Also, how does the UK government determine the taxable value of crypto assets, given that their value can fluctuate wildly? And what about trading crypto for other crypto assets - does that trigger a tax liability? I'd appreciate it if you could clear up these points for me.

Do you only pay tax on crypto when you cash out UK?
Thunderbolt Thunderbolt Sat Mar 30 2024 | 6 answers 984

Is it safe to keep crypto in one wallet?

Excuse me, I'm quite new to the world of cryptocurrencies. I've been hearing a lot about digital wallets and how they're used to store crypto assets. But I'm a bit concerned about security. Is it really safe to keep all my crypto in one wallet? Won't that make me a target for hackers or other malicious actors? What are the best practices for managing crypto wallets to ensure security? Thank you for your time and expertise.

Is it safe to keep crypto in one wallet?

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