/biz/ - Business & Finance

>>28592365
i hope so

>>28592365
>they convert it at a fee

nice try shlomo.
bitrefill is anons choice.

No point in an exit strategy. No reason to sell. Makes it easy to hold.

why is so hard for people to understand capital gains tax occurs at disposal

Visa reports to IRS,
IRS says anon converted ZEC to MasterCard to pay for BiliBili Subscription in May.
IRS looks at Tax return.

>>28592488
What I'm trying to say, is don't do this. You leave a footprint.

>>28592488
>transaction fee
>tax fee

no one would use the card if that happens

>>28592365
Look at me niggers, I am the central banker now

I only see the vesica piscis
https://en.m.wikipedia.org/wiki/Vesica_piscis
Then I think about the myth of the missing phallus of Osiris and my pee pee gets all hard wondering if my phallus is the phallus.

>>28592365
You could do this for past 5 years using bitrefill or other cards.
t. Living off crypto for 4 years

>>28592419
This. Mastercard knows who you are and with snitch on you to the IRS and that is probably the (((plan))). Bitrefill on the other hand doesn't require KYC and the merchant just knows your using a giftcard you could have got from your grandma.

>>28592365
Bruh, they convert your crypto into USD at checkout. You're literally gonna get DPd if you go that route. Better to get a crypto credit card then a crypto debit card.

>>28592365
>>never convert to fiat and therefore never pay tax
crypto to crypto trades are taxable

>>28593307
Shouldn't be, give unto Cesar what is Cesar's, but give unto Sminem what is Sminem's.

>>28592809
>bitrefill
this is genius

>>28593565
>living under a rock

how much do you overpay for using bitrefill?
5%?

They will find a way. The Merchant always strikes.

>>28592488
take out loan on aave
then proceed to put loaned crypto on credit card
depending on your tax jurisdiction claim returns on the loan itself

really at this point people are just seething about the possibilities that are present

>>28594053
brain blast!

>>28593844
I use it a lot, really I don't think it's anywhere near 5%. If you want to autistically measure it just take a $100 giftcard and compare it to selling a $100 exchange sale. But let's say it's 10%, that's still better than the tax rate.

>>28593844
The margins differ but sometimes you even underpay.
If you’re using some low fees crypto its better to pay as you go but if you’re using eth or btc just buy usd balance giftcards and add usd balance to the account, depends on how much you use it desu. I have around $566 balance on there atm, but if you’re gonna use it sparingly or use a low fees instant crypto, just buy as you go.

>>28594340
If your using btc just use phoenix wallet select lightning and the fee is nothing.

>>28594434
I don’t store them on exchange but good to know they accept lightning.
Anyway to do lightning using Ledger?

>>28594761
I don't know bro sorry, I know electrum does lightning now and you can use that with ledger. I'm planning to get a trezor instead due to the hack.

>>28594873
Hack only exposed the data, the software is still top notch.
The problem with trezor is they don’t have a closed source way to verify authenticity of the hardware you received like Ledger does. Plus there are plenty of Trezor replicas and switcheroo cases.

>>28595030
Hmmm I don't know man, if it's closed source that does make it harder for hackers to fake, but dosen't that also mean that ledger can exit scam everyone? If that's the case you just pushed the trust problem of the exchange to the hardware wallet manufacturer.

>>28595181
No? Because you can restore the Ledger’s 24 word seed on any device heck even Electrum, to restore your wallet.

>>28594053
>free money peoples!

>>28595314
I'll give ledger a second look and take some time to do more research. I will admit the ledger looks better than the trezor and most normans will think it's a usb drive.