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The Best Bitcoin Exchanges for 2018
There's so much great information on this website. I love how the writers break down such complex topics into such simple and easy to read posts. Keep up the good work! Steven, Bitcoin Enthusiast
Frequently Asked Questions…
Are cryptocurrency markets always open?
Cryptocurrency markets trade 24/7/365. Unlike the stock market, exchanges that trade decantralized coins answer to nobody and don't close down when the trading day ends.
What does HODL mean?
HODL is a popular term among cryptocurrency traders that refers to holding a coin long-term, despite the temptation to buy or sell in times of high volatility.
Come explore other terms like this in our Glossary Of Common Cryptocurrency Terms.
Are cryptocurrency gains taxable?
According to a recent Forbes article, "In 2014, the Internal Revenue Service (IRS) issued guidance to taxpayers (downloads as a pdf) making it clear that virtual currency will be treated as a capital asset, provided they are convertible into cash. In simple terms, this means that capital gains rules apply to any gains or losses."
The answer I hate to give.. yes, you will get taxed when you buy and sell cryptocurrencies.
Are cryptocurrency exchanges safe?
Overall, yes cryptocurrency exchanges are safe. However, they are only as safe as you make them. Implementing standard security features like 2 factor authentication and using a secure password are a start, but storing coins offline is the best thing you can to do protect your investment.
To learn more about the safety and security of the most popular exchanges, browse through our detailed guide The Best Crypto Exchanges Of 2018.
Can I buy Bitcoin without ID?
There are multiple ways to purchase Bitcoin without an ID or verification. You can buy Bitcoin anonymously using Localbitcoins.com, a special ATM, prepaid cards, or by converting altcoins to Bitcoin. For more information, check out our complete guide here.
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