Ever since I've stopped using CEX, it made me more creative to find ways to exchange with fiat, and then I realized that, wait, why don't I try to pill the people around me so I don't even need to deal with these tools 😂
Now it makes sense why in places where CEXs are not available, the adoption rate is higher and people are more aware of what Bitcoin is really for.
This is so nice of them because now the IRS will notify you to help you out in case you forgot by chance to declare some small transactions in 2017 or did a small mistake here and there
/s
Ya theyll tell you they think your math is wrong, send you a bill assuming your cost basis is $0, then leave it on you to prove your actual cost basis via documents that dont exist/you cant get cuz odds are the degenerate CEX you used is bust.
It was a clusterfuck of back and forth between exchanges and wallets "back in the days" because I learn by testing things out. So... I think i have done my taxes correctly...
Should be able to provide a csv file to do taxes and u just say to tax person if they were long term or short term gains lol thankfully mine were all short term gains and my person doing taxes had done crypto taxes before so they weren't lost
For proof of stake blockchains, staking your native token helps secure the network. In return, you earn a reward. That yield varies across different chains (examples: ETH, MATIC, SOL, AVAX). You do this using a self custody wallet rather than a middleman (CEX).
There is no reason to leverage earn products on CEXes when the risk is greater and the yield lower. DeFi beats CeFi in both categories.
build roadspay for proxy wars