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How to buy Bitcoin


playboys

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47 minutes ago, playboys said:

Hi Bro's

How to buy Bitcoin ...naku interest undi konalani....

mana ssn ivala....end of the year tax returns lo chupenchala.

 

 

dito...same question

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You can buy on coinbase or other exchanges. Account setup chesukovali, and yes you will need to provide your ID proof, I forget if SSN is required on coinbase. 

Tax returns gurinchi inka clarity ledu janalaki, if exchanges provide you a statement, when you sell... then yes its better to show in tax returns.

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Just now, masakali said:

You can buy on coinbase or other exchanges. Account setup chesukovali, and yes you will need to provide your ID proof, I forget if SSN is required on coinbase. 

Tax returns gurinchi inka clarity ledu janalaki, if exchanges provide you a statement, when you sell... then yes its better to show in tax returns.

wallet lo undi cash cheskokapote i think no need to pay taxes.

once u cash out bitcoin out of wallet appudu tax kattalemo.

not sure though

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13 minutes ago, Optimus654 said:

Gdax is the best exchange . Less fees. Owned by coinbase. Don't know about taxes. You can hook debit card or credit card or bank account or wire money.

Bro ee time lo 2 coins konacha is it worth to buy right now.

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1 hour ago, playboys said:

Bro ee time lo 2 coins konacha is it worth to buy right now.

Chaala vague question bruh. Nee risk profile ni batti take a decision. Crytpo experts unnaru ee db lo. As per them wait for the bit coin fork to happen. Price MIGHT fall.

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7 minutes ago, Optimus654 said:

Chaala vague question bruh. Nee risk profile ni batti take a decision. Crytpo experts unnaru ee db lo. As per them wait for the bit coin fork to happen. Price MIGHT fall.

When fork is going to happen bro.any idea?

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2 hours ago, playboys said:

Hi Bro's

How to buy Bitcoin ...naku interest undi konalani....

mana ssn ivala....end of the year tax returns lo chupenchala.

 

 

You can use GDax or Gemini exchanges both charge less compare to other sites like coinbase. If you are planning to buy LiteCoin then Gemini doesn't support. Trading Fee is slightly lesser [I guess 0.05%] in Gemini in comparison with GDax, also Gemini allow you to buy coins before funds are approved. But GDax fares well in terms of charts and user interface.

Buying now or not is completely up to you.  Some folks are saying it will touch 10k but some folks are saying it will come down again. Watch the market closely for a week or so and then take decision accordingly. 

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1 hour ago, Optimus654 said:

Chaala vague question bruh. Nee risk profile ni batti take a decision. Crytpo experts unnaru ee db lo. As per them wait for the bit coin fork to happen. Price MIGHT fall.

Correct, nov 16 there is fork and btc might fall

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coinbase/GDAX are both same companies. Same account to login. COinbase is much simpler to use, so high fees. GDAX is okay to use, but need to do limit orders to buy for less fee.

There are youtube videos out there on how to avoid coinbase fees and buy from gdax. they explain fairly easily.

 

Only when you withdraw money, tax kattali anukunta... knai on taxes clarity ledu evari degara yet.

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