Category: 2. Selling and Converting Crypto

Selling a cryptocurrency, like bitcoin, doesn’t necessarily mean exchanging it for fiat money. Exchanges will also allow you to exchange one cryptocurrency for another. We’ll explain that scenario then the process for withdrawing cryptocurrency which we’ve already introduced when explaining how to send and receive crypto (earlier in this section). Given the huge array of… Continue reading Selling for another crypto & withdrawing

Having highlighted the important considerations in advance we can now simply focus on the steps for selling cryptocurrency for fiat and withdrawing the balance.  We’re going to use selling bitcoin for euro as our example i.e BTC/EUR and assume that you want to sell at the current price – aka a Market Order. We explore… Continue reading Selling Cryptocurrency for fiat & withdrawing

It may come as something of a shock, but in most countries the profit you make from buying and selling crypto is a taxable event. In the early days of crypto it was possible to fly below the tax radar, as authorities hadn’t quite worked out how to treat the nascent industry. Not so now. … Continue reading Tax Implications

The fastest crypto on-ramp is using a credit/debit card because it combines the payment and purchase aspects into one familiar process. The problem is that the fastest route in, isn’t necessarily the fastest route out. Most Exchanges impose restrictions around withdrawing funds back to cards.. This shouldn’t necessarily stop you from choosing that route to… Continue reading One-Way On Ramps

What you’ll learn The key things to consider about selling On & Off Ramps Choosing where to sell Selling step-by-step At this stage in our series of articles explaining how to use cryptocurrency you should understand the options for safely storing your crypto in a wallet; how to send/receive as well as the function of… Continue reading Selling & Converting Crypto