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/biz/ - Business & Finance

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24460433 No.24460433 [Reply] [Original]

Newfag here. So I was told that having just Coinbase alone was a bad idea. I was recommended I have another broker as well (Kraken). This will insure that I can have multiple exit ramps in the event of a pump and get my profits back to fiat as soon as possible. Thoughts on this? I'm confused at how this would complicate tax season.

>> No.24460485

>>24460433
yeah man

>> No.24460545

Been 4 years in this bitch, never used anything other than coinbase. It's the worst of all but if you're portfolio is below 10k just keep a cool head, anything will work. Those donnies you're hearing that from have more than a mill in their folio, so obviously theyre picky about stuff.

I'm getting up there so getting a cold wallet soon tho

>> No.24460574

Worry about that when you are withdrawing multiple millions of dollars anon

>> No.24460598

>>24460545
I have $57,000 2 btc 8 eth and 21,000 xrp

>> No.24460833

So let's say I have tax info for both Coinbase and Kraken.. since it's the same crypto, I would only need tax forms from one or the other, right?

>> No.24460973

>>24460433
Both of those are shit. Kraken and Coinbase are popular only because they were first. Use Coinmetro instead, it is cheaper and far more user-friendly for newfags

>> No.24461152

>>24460973
thanks

>> No.24461563

if you like to trade without kyc, just like on uniswap, but with less pair desu.
https://app.deversifi.com/

>> No.24461641

>>24460973
Kys coinmetro isn’t remotely as easy or as safe as Coinbase

>> No.24461985

>>24461563
what is "pair" in this context?

>> No.24462019

Anyone using crypto.com?

>> No.24462054

>>24460598
chadfolio

>> No.24462058

>>24460433
Buy only ETH on Cuckbase, move to Metamask, use DEXes. It is the only kind cucked way. Use a VPN if you're a burger

>> No.24462074

>>24462058
Non-cucked*

>> No.24462306

>>24460433
If you are new to crypto and coinbase you could really help me out here anon and even get free gibs.

https://pastebin.com/2dawaGUW

>> No.24462365
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24462365

you must be a degen anon, would advice you to try out UNiswap, Then come December 10, fill out those buy orders and become a part of history as IOV by Starname gets listed on Uniswap then

>> No.24463065

>>24462058
Sounds involved. Not sure if I'm gonna make it

>> No.24463139

>>24460598
You should sell all of that and use it to start a business

>> No.24463194

>>24460433
IMAGINE GETIING TAXED WHY ARE ALL YOU BIZSPERGS SO GODDAMN RETARDED.
how to avoid taxes as a mutt? buy your crypto on kucoin. no kyc. buy gold online with crypto. receive said gold as a home delivery. take said gold and sell in a goldshop for cash. stay under flagging amounts. easy. you goddamn retarded cunts it's fucking amazing how stupid you /biz/spergs are

>> No.24463436

>>24463194
>on kucoin
>Captcha always says expired
I haven't been able to use it in weeks

>> No.24463534

>>24463139
I would like to eventually start a record label.. I don't think there will be much in the way of private business after the Reset.

>> No.24463671

>>24463534
You can start now by building some sort of recording studio that you rent out at an hourly rate.

Run local Facebook ads to people who are interested in recording music.

>> No.24463777

>>24462058
>VPN
Nothing you said requires a VPN to access from America.

>> No.24464779

>>24460833
say if you sold 2btc on coinbase and 3btc on kraken, then you would need tax forms from both and declare tax on the 5btc in total

>> No.24464782

>>24463139
what kind of business would you start?

>> No.24465073

>>24464779
Thanks, anon. You are making my brain start to work. So if I have 2 brokers, I was under the impression that I wouldn't have to split my coins between the two.. I would have the same amount on each, but I would be able to trade the same amount from both and both would reflect the changes

>> No.24465181

>>24464782
I think that a good business to start would be a B2B service business. Providing some sort of reoccuring service for a business that would make them more money or save them time. You could doing marketing for them in the form of running ads, managing their email marketing, or something like that. Or you could do something like create an app/software/website that solves a problem in a particular industry, like an app for dentisits that makes running their practice easier, something like that. Odds are, you or someone you know has personal insight into some sort of industry and you could ask around for the problems they run into and then come up with a solution and sell it.

I run a digital marketing agency.

>> No.24465676

>>24465181
Sounds like you are an intuitive guy. My IQ is not so high. I have a real-estate start up idea I would like to try with my brother.

>> No.24465824

>>24465676
There's no clearcut path to starting a business and you have to figure things out as you go, true. You should try the real-estate start up idea. Do you or your brother have background knowledge in real-estate?

>> No.24465939

>>24465824
It's all in the concept stage, I don't want to say too much. It would be a tech-based idea that we could possibly sell to real-estate companies