So my question is, as you get taxed on any profits you earn with directly held bitcoin, how are people withdrawing it? I know there are some places you can spend bitcoin directly, which would get around the issue, but most things you purchase, won't be possible to buy with bitcoin, so what's the best way to do it without wiping out a huge portion of your gains to tax?
Please don't just reply with "HODL" or "don't withdraw it" at some point in our lives we should all be withdrawing otherwise it will have been a fruitless endeavour.
Edit: I am in the UK, but also curious what people do in other countries
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments