The Complete 2020 Bitcoin Tax Guide CryptoTrader.Tax

[Serious] How to deal with Crypto Tax 2020?

First of all, please upvote for visibility + more opinions - this concerns all of us. Also, if you're stupid enough to think you'll get away with avoiding tax's despite KYC'ing to Coinbase & Binance don't bother commenting. News flash! you're gonna end up paying that tax in the long run + huge fines eating into your gains (or even putting you into debt).

Anyways... I started investing in 2017. As a noob I did what most people did, chased multiple shitcoins, bought and sold various different pumps getting wrecked along the way. Then towards the end of the year, my portfolio increased significantly... but I DIDN'T sell - so I didn't "crystalise" any gainz. (I sold a couple hundred here and there during hard financial times, but I'm guessing nothing close to the free capital gains allowance).
Fast forward just over 2 years, since then I've been buying BTC/ETH/XMR on a consistent basis. It's getting to the point where if I were to sell enough of my stack, I'd owe tax as it'd be over the "allowed" CGT threshold.
That leads me to my question... how the fuck are you supposed to calculate capital gains tax when it comes to crypto? For the past 3 years I've traded in and out of alt-coins on multiple exchanges (some of which don't even exist anymore). It would be easy if it was just FIAT IN vs FIAT OUT, but the fact that CRYPTO to CRYPTO is considered taxable just makes it a nightmare! On top of that I did some freelance work (paid in BTC) which adds to the complexity.
Take another example of what confuses me: Say I bought 1BTC on Coinbase in 2017, then 1BTC on Kraken in 2018, then 0.5BTC on Coinbase again in 2019, and hold them all in the same wallet. Then if I were to sell 0.5BTC in 2020, what Bitcoin was actually sold? Half of the 1 BTC bought in 2017? Is it FIFO?
I genuinely don't know where to start and need help. I don't want to be in a shitty situation (for example some massive 2017-esque bull run happens just before the end of the tax year and I decide to cash out and have 3 days to sort shit out). I want to be prepared.

I've come across services such as https://www.cointracker.io/ /https://bitcoin.tax/ etc but feel really hesitant to give quasi-unknown companies full read access to my wallet addresses, portfolio amount, personal email address etc. Privacy is key in the crypto space and I don't want another attack vector especially after seeing much more established companies such as Ledger fucking up (idiots) and losing my personal data.
What do I do? I've even thought of selling EVERYTHING to FIAT and immediately buying it all back and taking whatever fine comes my way on the chin just so I can clearly track crypto transactions and not have to stress about it.
If anyone has experience with crypto tax's please share any information that may be valuable to me/all the many others that are in the same situation as me.

TL;DR: Bought loads of Bitcoin and Shitcoins throughout the past 3 years, finally starting to total up to an amount that'd be taxable if I sold a chunk - dafuq do I do regarding Taxes?
submitted by finbar93 to Bitcoin [link] [comments]

Bob The Magic Custodian



Summary: Everyone knows that when you give your assets to someone else, they always keep them safe. If this is true for individuals, it is certainly true for businesses.
Custodians always tell the truth and manage funds properly. They won't have any interest in taking the assets as an exchange operator would. Auditors tell the truth and can't be misled. That's because organizations that are regulated are incapable of lying and don't make mistakes.

First, some background. Here is a summary of how custodians make us more secure:

Previously, we might give Alice our crypto assets to hold. There were risks:

But "no worries", Alice has a custodian named Bob. Bob is dressed in a nice suit. He knows some politicians. And he drives a Porsche. "So you have nothing to worry about!". And look at all the benefits we get:
See - all problems are solved! All we have to worry about now is:
It's pretty simple. Before we had to trust Alice. Now we only have to trust Alice, Bob, and all the ways in which they communicate. Just think of how much more secure we are!

"On top of that", Bob assures us, "we're using a special wallet structure". Bob shows Alice a diagram. "We've broken the balance up and store it in lots of smaller wallets. That way", he assures her, "a thief can't take it all at once". And he points to a historic case where a large sum was taken "because it was stored in a single wallet... how stupid".
"Very early on, we used to have all the crypto in one wallet", he said, "and then one Christmas a hacker came and took it all. We call him the Grinch. Now we individually wrap each crypto and stick it under a binary search tree. The Grinch has never been back since."

"As well", Bob continues, "even if someone were to get in, we've got insurance. It covers all thefts and even coercion, collusion, and misplaced keys - only subject to the policy terms and conditions." And with that, he pulls out a phone-book sized contract and slams it on the desk with a thud. "Yep", he continues, "we're paying top dollar for one of the best policies in the country!"
"Can I read it?' Alice asks. "Sure," Bob says, "just as soon as our legal team is done with it. They're almost through the first chapter." He pauses, then continues. "And can you believe that sales guy Mike? He has the same year Porsche as me. I mean, what are the odds?"

"Do you use multi-sig?", Alice asks. "Absolutely!" Bob replies. "All our engineers are fully trained in multi-sig. Whenever we want to set up a new wallet, we generate 2 separate keys in an air-gapped process and store them in this proprietary system here. Look, it even requires the biometric signature from one of our team members to initiate any withdrawal." He demonstrates by pressing his thumb into the display. "We use a third-party cloud validation API to match the thumbprint and authorize each withdrawal. The keys are also backed up daily to an off-site third-party."
"Wow that's really impressive," Alice says, "but what if we need access for a withdrawal outside of office hours?" "Well that's no issue", Bob says, "just send us an email, call, or text message and we always have someone on staff to help out. Just another part of our strong commitment to all our customers!"

"What about Proof of Reserve?", Alice asks. "Of course", Bob replies, "though rather than publish any blockchain addresses or signed transaction, for privacy we just do a SHA256 refactoring of the inverse hash modulus for each UTXO nonce and combine the smart contract coefficient consensus in our hyperledger lightning node. But it's really simple to use." He pushes a button and a large green checkmark appears on a screen. "See - the algorithm ran through and reserves are proven."
"Wow", Alice says, "you really know your stuff! And that is easy to use! What about fiat balances?" "Yeah, we have an auditor too", Bob replies, "Been using him for a long time so we have quite a strong relationship going! We have special books we give him every year and he's very efficient! Checks the fiat, crypto, and everything all at once!"

"We used to have a nice offline multi-sig setup we've been using without issue for the past 5 years, but I think we'll move all our funds over to your facility," Alice says. "Awesome", Bob replies, "Thanks so much! This is perfect timing too - my Porsche got a dent on it this morning. We have the paperwork right over here." "Great!", Alice replies.
And with that, Alice gets out her pen and Bob gets the contract. "Don't worry", he says, "you can take your crypto-assets back anytime you like - just subject to our cancellation policy. Our annual management fees are also super low and we don't adjust them often".

How many holes have to exist for your funds to get stolen?
Just one.

Why are we taking a powerful offline multi-sig setup, widely used globally in hundreds of different/lacking regulatory environments with 0 breaches to date, and circumventing it by a demonstrably weak third party layer? And paying a great expense to do so?
If you go through the list of breaches in the past 2 years to highly credible organizations, you go through the list of major corporate frauds (only the ones we know about), you go through the list of all the times platforms have lost funds, you go through the list of times and ways that people have lost their crypto from identity theft, hot wallet exploits, extortion, etc... and then you go through this custodian with a fine-tooth comb and truly believe they have value to add far beyond what you could, sticking your funds in a wallet (or set of wallets) they control exclusively is the absolute worst possible way to take advantage of that security.

The best way to add security for crypto-assets is to make a stronger multi-sig. With one custodian, what you are doing is giving them your cryptocurrency and hoping they're honest, competent, and flawlessly secure. It's no different than storing it on a really secure exchange. Maybe the insurance will cover you. Didn't work for Bitpay in 2015. Didn't work for Yapizon in 2017. Insurance has never paid a claim in the entire history of cryptocurrency. But maybe you'll get lucky. Maybe your exact scenario will buck the trend and be what they're willing to cover. After the large deductible and hopefully without a long and expensive court battle.

And you want to advertise this increase in risk, the lapse of judgement, an accident waiting to happen, as though it's some kind of benefit to customers ("Free institutional-grade storage for your digital assets.")? And then some people are writing to the OSC that custodians should be mandatory for all funds on every exchange platform? That this somehow will make Canadians as a whole more secure or better protected compared with standard air-gapped multi-sig? On what planet?

Most of the problems in Canada stemmed from one thing - a lack of transparency. If Canadians had known what a joke Quadriga was - it wouldn't have grown to lose $400m from hard-working Canadians from coast to coast to coast. And Gerald Cotten would be in jail, not wherever he is now (at best, rotting peacefully). EZ-BTC and mister Dave Smilie would have been a tiny little scam to his friends, not a multi-million dollar fraud. Einstein would have got their act together or been shut down BEFORE losing millions and millions more in people's funds generously donated to criminals. MapleChange wouldn't have even been a thing. And maybe we'd know a little more about CoinTradeNewNote - like how much was lost in there. Almost all of the major losses with cryptocurrency exchanges involve deception with unbacked funds.
So it's great to see transparency reports from BitBuy and ShakePay where someone independently verified the backing. The only thing we don't have is:
It's not complicated to validate cryptocurrency assets. They need to exist, they need to be spendable, and they need to cover the total balances. There are plenty of credible people and firms across the country that have the capacity to reasonably perform this validation. Having more frequent checks by different, independent, parties who publish transparent reports is far more valuable than an annual check by a single "more credible/official" party who does the exact same basic checks and may or may not publish anything. Here's an example set of requirements that could be mandated:
There are ways to structure audits such that neither crypto assets nor customer information are ever put at risk, and both can still be properly validated and publicly verifiable. There are also ways to structure audits such that they are completely reasonable for small platforms and don't inhibit innovation in any way. By making the process as reasonable as possible, we can completely eliminate any reason/excuse that an honest platform would have for not being audited. That is arguable far more important than any incremental improvement we might get from mandating "the best of the best" accountants. Right now we have nothing mandated and tons of Canadians using offshore exchanges with no oversight whatsoever.

Transparency does not prove crypto assets are safe. CoinTradeNewNote, Flexcoin ($600k), and Canadian Bitcoins ($100k) are examples where crypto-assets were breached from platforms in Canada. All of them were online wallets and used no multi-sig as far as any records show. This is consistent with what we see globally - air-gapped multi-sig wallets have an impeccable record, while other schemes tend to suffer breach after breach. We don't actually know how much CoinTrader lost because there was no visibility. Rather than publishing details of what happened, the co-founder of CoinTrader silently moved on to found another platform - the "most trusted way to buy and sell crypto" - a site that has no information whatsoever (that I could find) on the storage practices and a FAQ advising that “[t]rading cryptocurrency is completely safe” and that having your own wallet is “entirely up to you! You can certainly keep cryptocurrency, or fiat, or both, on the app.” Doesn't sound like much was learned here, which is really sad to see.
It's not that complicated or unreasonable to set up a proper hardware wallet. Multi-sig can be learned in a single course. Something the equivalent complexity of a driver's license test could prevent all the cold storage exploits we've seen to date - even globally. Platform operators have a key advantage in detecting and preventing fraud - they know their customers far better than any custodian ever would. The best job that custodians can do is to find high integrity individuals and train them to form even better wallet signatories. Rather than mandating that all platforms expose themselves to arbitrary third party risks, regulations should center around ensuring that all signatories are background-checked, properly trained, and using proper procedures. We also need to make sure that signatories are empowered with rights and responsibilities to reject and report fraud. They need to know that they can safely challenge and delay a transaction - even if it turns out they made a mistake. We need to have an environment where mistakes are brought to the surface and dealt with. Not one where firms and people feel the need to hide what happened. In addition to a knowledge-based test, an auditor can privately interview each signatory to make sure they're not in coercive situations, and we should make sure they can freely and anonymously report any issues without threat of retaliation.
A proper multi-sig has each signature held by a separate person and is governed by policies and mutual decisions instead of a hierarchy. It includes at least one redundant signature. For best results, 3of4, 3of5, 3of6, 4of5, 4of6, 4of7, 5of6, or 5of7.

History has demonstrated over and over again the risk of hot wallets even to highly credible organizations. Nonetheless, many platforms have hot wallets for convenience. While such losses are generally compensated by platforms without issue (for example Poloniex, Bitstamp, Bitfinex, Gatecoin, Coincheck, Bithumb, Zaif, CoinBene, Binance, Bitrue, Bitpoint, Upbit, VinDAX, and now KuCoin), the public tends to focus more on cases that didn't end well. Regardless of what systems are employed, there is always some level of risk. For that reason, most members of the public would prefer to see third party insurance.
Rather than trying to convince third party profit-seekers to provide comprehensive insurance and then relying on an expensive and slow legal system to enforce against whatever legal loopholes they manage to find each and every time something goes wrong, insurance could be run through multiple exchange operators and regulators, with the shared interest of having a reputable industry, keeping costs down, and taking care of Canadians. For example, a 4 of 7 multi-sig insurance fund held between 5 independent exchange operators and 2 regulatory bodies. All Canadian exchanges could pay premiums at a set rate based on their needed coverage, with a higher price paid for hot wallet coverage (anything not an air-gapped multi-sig cold wallet). Such a model would be much cheaper to manage, offer better coverage, and be much more reliable to payout when needed. The kind of coverage you could have under this model is unheard of. You could even create something like the CDIC to protect Canadians who get their trading accounts hacked if they can sufficiently prove the loss is legitimate. In cases of fraud, gross negligence, or insolvency, the fund can be used to pay affected users directly (utilizing the last transparent balance report in the worst case), something which private insurance would never touch. While it's recommended to have official policies for coverage, a model where members vote would fully cover edge cases. (Could be similar to the Supreme Court where justices vote based on case law.)
Such a model could fully protect all Canadians across all platforms. You can have a fiat coverage governed by legal agreements, and crypto-asset coverage governed by both multi-sig and legal agreements. It could be practical, affordable, and inclusive.

Now, we are at a crossroads. We can happily give up our freedom, our innovation, and our money. We can pay hefty expenses to auditors, lawyers, and regulators year after year (and make no mistake - this cost will grow to many millions or even billions as the industry grows - and it will be borne by all Canadians on every platform because platforms are not going to eat up these costs at a loss). We can make it nearly impossible for any new platform to enter the marketplace, forcing Canadians to use the same stagnant platforms year after year. We can centralize and consolidate the entire industry into 2 or 3 big players and have everyone else fail (possibly to heavy losses of users of those platforms). And when a flawed security model doesn't work and gets breached, we can make it even more complicated with even more people in suits making big money doing the job that blockchain was supposed to do in the first place. We can build a system which is so intertwined and dependent on big government, traditional finance, and central bankers that it's future depends entirely on that of the fiat system, of fractional banking, and of government bail-outs. If we choose this path, as history has shown us over and over again, we can not go back, save for revolution. Our children and grandchildren will still be paying the consequences of what we decided today.
Or, we can find solutions that work. We can maintain an open and innovative environment while making the adjustments we need to make to fully protect Canadian investors and cryptocurrency users, giving easy and affordable access to cryptocurrency for all Canadians on the platform of their choice, and creating an environment in which entrepreneurs and problem solvers can bring those solutions forward easily. None of the above precludes innovation in any way, or adds any unreasonable cost - and these three policies would demonstrably eliminate or resolve all 109 historic cases as studied here - that's every single case researched so far going back to 2011. It includes every loss that was studied so far not just in Canada but globally as well.
Unfortunately, finding answers is the least challenging part. Far more challenging is to get platform operators and regulators to agree on anything. My last post got no response whatsoever, and while the OSC has told me they're happy for industry feedback, I believe my opinion alone is fairly meaningless. This takes the whole community working together to solve. So please let me know your thoughts. Please take the time to upvote and share this with people. Please - let's get this solved and not leave it up to other people to do.

Facts/background/sources (skip if you like):



Thoughts?
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

11-05 20:58 - 'Is Bitcoin Safe and Legal?' (self.Bitcoin) by /u/koinalio removed from /r/Bitcoin within 2-12min

'''
Buying, selling, or trading bitcoin is a private transaction in every part of the world. It is a lawful activity in most western and advanced countries, including the US, Canada, and the U.K. Some large economies have restrictions on Bitcoin, including China (ownership discouraged although not a criminal violation) and India ( banks banned from engaging in Bitcoin). Governments everywhere have concerns with the anonymous movement of funds; they wish to prevent the use of money for illegal purposes.
Koinal understands the importance of anti-corruption laws and maintains legal standards for all sales and purchases. The best advice is to consult the laws of the country where one lives and intends to do business with Bitcoin. Koinal operates within the bounds of all applicable laws and meets legal requirements for transactions in every state in which it does business.

Is Bitcoin Safe?

The safety of Bitcoin also has some variables. Like all cryptocurrencies, there is no physical note or document. Owners must safely keep their digital currency and access codes because if lost or misused, there may be no recourse. An elaborate security system surrounds Bitcoin. The digital currency exists in a blockchain that cannot be altered by any government or central authority. Every Bitcoin transaction is transparent and watched by a global network. Unlike some other types of transactions, once the Bitcoin moves, there is no reversal mechanism. When you sell or buy, the transfer cannot be undone or canceled.
Bitcoin is the oldest of the major currencies that include Ethereum, Lite, and Ripple. Bitcoin, by far, has the highest value, and many investors prefer Bitcoin for investment potential. Bitcoin is among the small group of cryptocurrencies that bring high levels of interest from mainstream financial companies and banks. Relative to other cryptocurrencies, Bitcoin enjoys a high level of interest. It is the most well-known cryptocurrency.

Blockchain Technology

People can buy cryptocurrencies in many ways. The blockchain ledgers keep track of Bitcoin’s existence and ownership, and owners can transfer it on a peer-to-peer basis. Peer to peer transactions does not require any action by a government, bank, or any central authority.
A safer and more widely used method is to perform transactions on Bitcoin exchanges.
[Koinal works with Binance]1 and other leading currency exchanges. Koinal provides a simple and effective way to purchase Bitcoin using regular bank credit cards and debit cards.

Taxes and Virtual Currency

Bitcoin transactions can result in taxation when used to pay for goods, services, and wages. While it is not a recognized form of currency under U.S. tax law, it does have value. In some instances, the tax code assesses Bitcoin by its fair market value at the time of purchase.
The U.S. government’s Internal Revenue Service has noticed Bitcoin and digital currency. It issued an advisory in 2014 and a new item on the tax return for 2020. The IRS named Bitcoin as one of many virtual currencies. The IRS advises that Bitcoin may represent income under tax laws and maybe a taxable asset when held as property.
When treated as property under a national tax code, Bitcoin may get treated like other assets that grow in value, such as the U.S. capital gains tax. Investors, buyers, and sellers should consult legal and tax advisors for advice on their situations. At Koinal, we do not offer tax advice. We simply point out that each investor must examine the tax implications of Bitcoin or other virtual currency transactions.

Keeping Within the Law and Regulations

Koinal takes all required steps to keep its transactions within the bounds of national laws and regulations. Koinal requires identification and personal information needed to comply with anti-corruption and know-your-customer rules(KYC). Bitcoin transactions are not anonymous under current rules and regulations.
Koinal offers a seamless purchasing experiencing for Bitcoin that can use a bank credit card or debit card. Our system provides quick and reliable delivery to the coordinates of your choice. Bitcoin offers exciting potential for usage as a currency, medium of exchange, and as an investment. When you are ready to purchase, visit our Koinal.io website to buy bitcoin instantly with your credit card.
'''
Is Bitcoin Safe and Legal?
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Author: koinalio
1: **w**o*nal.io/blog*bin*nce-to-j*in-e*fo*ts*with-koin***
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10-31 22:06 - '[Serious] How to deal with Crypto Tax 2020?' (self.Bitcoin) by /u/finbar93 removed from /r/Bitcoin within 338-348min

'''
First of all, please upvote for visibility + more opinions - this concerns all of us. Also, if you're stupid enough to think you'll get away with avoiding tax's despite KYC'ing to Coinbase & Binance don't bother commenting. News flash! you're gonna end up paying that tax in the long run + huge fines eating into your gains (or even putting you into debt).

Anyways... I started investing in 2017. As a noob I did what most people did, chased multiple shitcoins, bought and sold various different pumps getting wrecked along the way. Then towards the end of the year, my portfolio increased significantly... but I DIDN'T sell - so I didn't "crystalise" any gainz. (I sold a couple hundred here and there during hard financial times, but I'm guessing nothing close to the free capital gains allowance).
Fast forward just over 2 years, since then I've been buying BTC/ETH/XMR on a consistent basis. It's getting to the point where if I were to sell enough of my stack, I'd owe tax as it'd be over the "allowed" CGT threshold.
That leads me to my question... how the fuck are you supposed to calculate capital gains tax when it comes to crypto? For the past 3 years I've traded in and out of alt-coins on multiple exchanges (some of which don't even exist anymore). It would be easy if it was just FIAT IN vs FIAT OUT, but the fact that CRYPTO to CRYPTO is considered taxable just makes it a nightmare! On top of that I did some freelance work (paid in BTC) which adds to the complexity.
Take another example of what confuses me: Say I bought 1BTC on Coinbase in 2017, then 1BTC on Kraken in 2018, then 0.5BTC on Coinbase again in 2019, and hold them all in the same wallet. Then if I were to sell 0.5BTC in 2020, what Bitcoin was actually sold? Half of the 1 BTC bought in 2017? Is it FIFO?
I genuinely don't know where to start and need help. I don't want to be in a shitty situation (for example some massive 2017-esque bull run happens just before the end of the tax year and I decide to cash out and have 3 days to sort shit out). I want to be prepared.

I've come across services such as [[link]3 /[[link]4 etc but feel really hesitant to give quasi-unknown companies full read access to my wallet addresses, portfolio amount, personal email address etc. Privacy is key in the crypto space and I don't want another attack vector especially after seeing much more established companies such as Ledger fucking up (idiots) and losing my personal data.
What do I do? I've even thought of selling EVERYTHING to FIAT and immediately buying it all back and taking whatever fine comes my way on the chin just so I can clearly track crypto transactions and not have to stress about it.
If anyone has experience with crypto tax's please share any information that may be valuable to me/all the many others that are in the same situation as me.

TL;DR: Bought loads of Bitcoin and Shitcoins throughout the past 3 years, finally starting to total up to an amount that'd be taxable if I sold a chunk - dafuq do I do regarding Taxes?
'''
[Serious] How to deal with Crypto Tax 2020?
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Author: finbar93
1: www**oin*rac**r.io/ 2: bitc*i**tax/ 3: *ww.co*ntra*ker*i*/]*^1 4: bi*coi**tax/*^^2
Unknown links are censored to prevent spreading illicit content.
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ETHE & GBTC (Grayscale) Frequently Asked Questions

It is no doubt Grayscale’s booming popularity as a mainstream investment has caused a lot of community hullabaloo lately. As such, I felt it was worth making a FAQ regarding the topic. I’m looking to update this as needed and of course am open to suggestions / adding any questions.
The goal is simply to have a thread we can link to anyone with questions on Grayscale and its products. Instead of explaining the same thing 3 times a day, shoot those posters over to this thread. My hope is that these questions are answered in a fairly simple and easy to understand manner. I think as the sub grows it will be a nice reference point for newcomers.
Disclaimer: I do NOT work for Grayscale and as such am basing all these answers on information that can be found on their website / reports. (Grayscale’s official FAQ can be found here). I also do NOT have a finance degree, I do NOT have a Series 6 / 7 / 140-whatever, and I do NOT work with investment products for my day job. I have an accounting background and work within the finance world so I have the general ‘business’ knowledge to put it all together, but this is all info determined in my best faith effort as a layman. The point being is this --- it is possible I may explain something wrong or missed the technical terms, and if that occurs I am more than happy to update anything that can be proven incorrect
Everything below will be in reference to ETHE but will apply to GBTC as well. If those two segregate in any way, I will note that accordingly.
What is Grayscale? 
Grayscale is the company that created the ETHE product. Their website is https://grayscale.co/
What is ETHE? 
ETHE is essentially a stock that intends to loosely track the price of ETH. It does so by having each ETHE be backed by a specific amount of ETH that is held on chain. Initially, the newly minted ETHE can only be purchased by institutions and accredited investors directly from Grayscale. Once a year has passed (6 months for GBTC) it can then be listed on the OTCQX Best Market exchange for secondary trading. Once listed on OTCQX, anyone investor can purchase at this point. Additional information on ETHE can be found here.
So ETHE is an ETF? 
No. For technical reasons beyond my personal understandings it is not labeled an ETF. I know it all flows back to the “Securities Act Rule 144”, but due to my limited knowledge on SEC regulations I don’t want to misspeak past that. If anyone is more knowledgeable on the subject I am happy to input their answer here.
How long has ETHE existed? 
ETHE was formed 12/14/2017. GBTC was formed 9/25/2013.
How is ETHE created? 
The trust will issue shares to “Authorized Participants” in groups of 100 shares (called baskets). Authorized Participants are the only persons that may place orders to create these baskets and they do it on behalf of the investor.
Source: Creation and Redemption of Shares section on page 39 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Note – The way their reports word this makes it sound like there is an army of authorizers doing the dirty work, but in reality there is only one Authorized Participant. At this moment the “Genesis” company is the sole Authorized Participant. Genesis is owned by the “Digital Currency Group, Inc.” which is the parent company of Grayscale as well. (And to really go down the rabbit hole it looks like DCG is the parent company of CoinDesk and is “backing 150+ companies across 30 countries, including Coinbase, Ripple, and Chainalysis.”)
Source: Digital Currency Group, Inc. informational section on page 77 of the “Grayscale Bitcoin Trust (BTC) Form 10-K (2019)” – Located Here
Source: Barry E. Silbert informational section on page 75 of the “Grayscale Bitcoin Trust (BTC) Form 10-K (2019)” – Located Here
How does Grayscale acquire the ETH to collateralize the ETHE product? 
An Investor may acquire ETHE by paying in cash or exchanging ETH already owned.
Source: Creation and Redemption of Shares section on page 40 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Where does Grayscale store their ETH? Does it have a specific wallet address we can follow? 
ETH is stored with Coinbase Custody Trust Company, LLC. I am unaware of any specific address or set of addresses that can be used to verify the ETH is actually there.
As an aside - I would actually love to see if anyone knows more about this as it’s something that’s sort of peaked my interest after being asked about it… I find it doubtful we can find that however.
Source: Part C. Business Information, Item 8, subsection A. on page 16 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Can ETHE be redeemed for ETH? 
No, currently there is no way to give your shares of ETHE back to Grayscale to receive ETH back. The only method of getting back into ETH would be to sell your ETHE to someone else and then use those proceeds to buy ETH yourself.
Source: Redemption Procedures on page 41 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Why are they not redeeming shares? 
I think the report summarizes it best:
Redemptions of Shares are currently not permitted and the Trust is unable to redeem Shares. Subject to receipt of regulatory approval from the SEC and approval by the Sponsor in its sole discretion, the Trust may in the future operate a redemption program. Because the Trust does not believe that the SEC would, at this time, entertain an application for the waiver of rules needed in order to operate an ongoing redemption program, the Trust currently has no intention of seeking regulatory approval from the SEC to operate an ongoing redemption program.
Source: Redemption Procedures on page 41 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
What is the fee structure? 
ETHE has an annual fee of 2.5%. GBTC has an annual fee of 2.0%. Fees are paid by selling the underlying ETH / BTC collateralizing the asset.
Source: ETHE’s informational page on Grayscale’s website - Located Here
Source: Description of Trust on page 31 & 32 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
What is the ratio of ETH to ETHE? 
At the time of posting (6/19/2020) each ETHE share is backed by .09391605 ETH. Each share of GBTC is backed by .00096038 BTC.
ETHE & GBTC’s specific information page on Grayscale’s website updates the ratio daily – Located Here
For a full historical look at this ratio, it can be found on the Grayscale home page on the upper right side if you go to Tax Documents > 2019 Tax Documents > Grayscale Ethereum Trust 2019 Tax Letter.
Why is the ratio not 1:1? Why is it always decreasing? 
While I cannot say for certain why the initial distribution was not a 1:1 backing, it is more than likely to keep the price down and allow more investors a chance to purchase ETHE / GBTC.
As noted above, fees are paid by selling off the ETH collateralizing ETHE. So this number will always be trending downward as time goes on.
Source: Description of Trust on page 32 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
I keep hearing about how this is locked supply… explain? 
As noted above, there is currently no redemption program for converting your ETHE back into ETH. This means that once an ETHE is issued, it will remain in circulation until a redemption program is formed --- something that doesn’t seem to be too urgent for the SEC or Grayscale at the moment. Tiny amounts will naturally be removed due to fees, but the bulk of the asset is in there for good.
Knowing that ETHE cannot be taken back and destroyed at this time, the ETH collateralizing it will not be removed from the wallet for the foreseeable future. While it is not fully locked in the sense of say a totally lost key, it is not coming out any time soon.
Per their annual statement:
The Trust’s ETH will be transferred out of the ETH Account only in the following circumstances: (i) transferred to pay the Sponsor’s Fee or any Additional Trust Expenses, (ii) distributed in connection with the redemption of Baskets (subject to the Trust’s obtaining regulatory approval from the SEC to operate an ongoing redemption program and the consent of the Sponsor), (iii) sold on an as-needed basis to pay Additional Trust Expenses or (iv) sold on behalf of the Trust in the event the Trust terminates and liquidates its assets or as otherwise required by law or regulation.
Source: Description of Trust on page 31 of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
Grayscale now owns a huge chunk of both ETH and BTC’s supply… should we be worried about manipulation, a sell off to crash the market crash, a staking cartel? 
First, it’s important to remember Grayscale is a lot more akin to an exchange then say an investment firm. Grayscale is working on behalf of its investors to create this product for investor control. Grayscale doesn’t ‘control’ the ETH it holds any more then Coinbase ‘controls’ the ETH in its hot wallet. (Note: There are likely some varying levels of control, but specific to this topic Grayscale cannot simply sell [legally, at least] the ETH by their own decision in the same manner Coinbase wouldn't be able to either.)
That said, there shouldn’t be any worry in the short to medium time-frame. As noted above, Grayscale can’t really remove ETH other than for fees or termination of the product. At 2.5% a year, fees are noise in terms of volume. Grayscale seems to be the fastest growing product in the crypto space at the moment and termination of the product seems unlikely.
IF redemptions were to happen tomorrow, it’s extremely unlikely we would see a mass exodus out of the product to redeem for ETH. And even if there was incentive to get back to ETH, the premium makes it so that it would be much more cost effective to just sell your ETHE on the secondary market and buy ETH yourself. Remember, any redemption is up to the investors and NOT something Grayscale has direct control over.
Yes, but what about [insert criminal act here]… 
Alright, yes. Technically nothing is stopping Grayscale from selling all the ETH / BTC and running off to the Bahamas (Hawaii?). BUT there is no real reason for them to do so. Barry is an extremely public figure and it won’t be easy for him to get away with that. Grayscale’s Bitcoin Trust creates SEC reports weekly / bi-weekly and I’m sure given the sentiment towards crypto is being watched carefully. Plus, Grayscale is making tons of consistent revenue and thus has little to no incentive to give that up for a quick buck.
That’s a lot of ‘happy little feels’ Bob, is there even an independent audit or is this Tether 2.0? 
Actually yes, an independent auditor report can be found in their annual reports. It is clearly aimed more towards the financial side and I doubt the auditors are crypto savants, but it is at least one extra set of eyes. Auditors are Friedman LLP – Auditor since 2015.
Source: Independent Auditor Report starting on page 116 (of the PDF itself) of the “Grayscale Ethereum Trust Annual Report (2019)” – Located Here
As mentioned by user TheCrpytosAndBloods (In Comments Below), a fun fact:
The company’s auditors Friedman LLP were also coincidentally TetheBitfinex’s auditors until They controversially parted ways in 2018 when the Tether controversy was at its height. I am not suggesting for one moment that there is anything shady about DCG - I just find it interesting it’s the same auditor.
“Grayscale sounds kind of lame” / “Not your keys not your crypto!” / “Why is anyone buying this, it sounds like a scam?” 
Welp, for starters this honestly is not really a product aimed at the people likely to be reading this post. To each their own, but do remember just because something provides no value to you doesn’t mean it can’t provide value to someone else. That said some of the advertised benefits are as follows:
So for example, I can set up an IRA at a brokerage account that has $0 trading fees. Then I can trade GBTC and ETHE all day without having to worry about tracking my taxes. All with the relative safety something like E-Trade provides over Binance.
As for how it benefits the everyday ETH holder? I think the supply lock is a positive. I also think this product exposes the Ethereum ecosystem to people who otherwise wouldn’t know about it.
Why is there a premium? Why is ETHE’s premium so insanely high compared to GBTC’s premium? 
There are a handful of theories of why a premium exists at all, some even mentioned in the annual report. The short list is as follows:
Why is ETHE’s so much higher the GBTC’s? Again, a few thoughts:

Are there any other differences between ETHE and GBTC? 
I touched on a few of the smaller differences, but one of the more interesting changes is GBTC is now a “SEC reporting company” as of January 2020. Which again goes beyond my scope of knowledge so I won’t comment on it too much… but the net result is GBTC is now putting out weekly / bi-weekly 8-K’s and annual 10-K’s. This means you can track GBTC that much easier at the moment as well as there is an extra layer of validity to the product IMO.
I’m looking for some statistics on ETHE… such as who is buying, how much is bought, etc? 
There is a great Q1 2020 report I recommend you give a read that has a lot of cool graphs and data on the product. It’s a little GBTC centric, but there is some ETHE data as well. It can be found here hidden within the 8-K filings.Q1 2020 is the 4/16/2020 8-K filing.
For those more into a GAAP style report see the 2019 annual 10-K of the same location.
Is Grayscale only just for BTC and ETH? 
No, there are other products as well. In terms of a secondary market product, ETCG is the Ethereum Classic version of ETHE. Fun Fact – ETCG was actually put out to the secondary market first. It also has a 3% fee tied to it where 1% of it goes to some type of ETC development fund.
In terms of institutional and accredited investors, there are a few ‘fan favorites’ such as Bitcoin Cash, Litcoin, Stellar, XRP, and Zcash. Something called Horizion (Backed by ZEN I guess? Idk to be honest what that is…). And a diversified Mutual Fund type fund that has a little bit of all of those. None of these products are available on the secondary market.
Are there alternatives to Grayscale? 
I know they exist, but I don’t follow them. I’ll leave this as a “to be edited” section and will add as others comment on what they know.
Per user Over-analyser (in comments below):
Coinshares (Formerly XBT provider) are the only similar product I know of. BTC, ETH, XRP and LTC as Exchange Traded Notes (ETN).
It looks like they are fully backed with the underlying crypto (no premium).
https://coinshares.com/etps/xbt-provideinvestor-resources/daily-hedging-position
Denominated in SEK and EUR. Certainly available in some UK pensions (SIPP).
As asked by pegcity - Okay so I was under the impression you can just give them your own ETH and get ETHE, but do you get 11 ETHE per ETH or do you get the market value of ETH in USD worth of ETHE? 
I have always understood that the ETHE issued directly through Grayscale is issued without the premium. As in, if I were to trade 1 ETH for ETHE I would get 11, not say only 2 or 3 because the secondary market premium is so high. And if I were paying cash only I would be paying the price to buy 1 ETH to get my 11 ETHE. Per page 39 of their annual statement, it reads as follows:
The Trust will issue Shares to Authorized Participants from time to time, but only in one or more Baskets (with a Basket being a block of 100 Shares). The Trust will not issue fractions of a Basket. The creation (and, should the Trust commence a redemption program, redemption) of Baskets will be made only in exchange for the delivery to the Trust, or the distribution by the Trust, of the number of whole and fractional ETH represented by each Basket being created (or, should the Trust commence a redemption program, redeemed), which is determined by dividing (x) the number of ETH owned by the Trust at 4:00 p.m., New York time, on the trade date of a creation or redemption order, after deducting the number of ETH representing the U.S. dollar value of accrued but unpaid fees and expenses of the Trust (converted using the ETH Index Price at such time, and carried to the eighth decimal place), by (y) the number of Shares outstanding at such time (with the quotient so obtained calculated to one one-hundred-millionth of one ETH (i.e., carried to the eighth decimal place)), and multiplying such quotient by 100 (the “Basket ETH Amount”). All questions as to the calculation of the Basket ETH Amount will be conclusively determined by the Sponsor and will be final and binding on all persons interested in the Trust. The Basket ETH Amount multiplied by the number of Baskets being created or redeemed is the “Total Basket ETH Amount.” The number of ETH represented by a Share will gradually decrease over time as the Trust’s ETH are used to pay the Trust’s expenses. Each Share represented approximately 0.0950 ETH and 0.0974 ETH as of December 31, 2019 and 2018, respectively.

submitted by Bob-Rossi to ethfinance [link] [comments]

The next XVG? Microcap 100x potential actually supported by fundamentals!

What’s up team? I have a hot one for you. XVG returned 12 million percent in 2017 and this one reminds me a lot of it. Here’s why:
Mimblewimble is like Blu-Ray compared to CD-ROM in terms of its ability to compress data on a blockchain. The current BTC chain is 277gb and its capacity is limited because every time you spend a coin, each node needs to validate its history back to when it was mined (this is how double spending is prevented). Mimblewimble is different - all transactions in a block are aggregated and netted out in one giant CoinJoin, and only the current spending needs to be verified. This means that dramatically more transactions can fit into a smaller space, increasing throughput and lowering fees while still retaining the full proof of work game theory of Bitcoin. These blockchains are small enough to run a full node on a cheap smartphone, which enhances the decentralization and censorship resistance of the network.
The biggest benefit, though, is that all transactions are private - the blockchain doesn’t reveal amounts or addresses except to the actual wallet owner. Unlike earlier decoy-based approaches that bloat the chain and can still be data mined (XMR), Mimblewimble leaves no trace in the blockchain, instead storing only the present state of coin ownership.
The first two Mimblewimble coins, Grin and Beam, launched to great fanfare in 2019, quickly reaching over $100m in market cap (since settled down to $22m and $26m respectively). They are good projects but grin has infinite supply and huge never-decreasing emission, and Beam is a corporate moneygrab whose founding investors are counting on you buying for their ROI.
ZEC is valued at $568m today, despite the facts that only 1% of transactions are actually shielded, it has a trusted setup, and generating a confidential transaction takes ~60 seconds on a powerful PC. XMR is a great project but it’s valued at $1.2b (so no 100x) and it uses CryptoNote, which is 2014 tech that relies on a decoy-based approach that could be vulnerable to more powerful computers in the future. Mimblewimble is just a better way to approach privacy because there is simply no data recorded in the blockchain for companies to surveil.
Privacy is not just for darknet markets, porn, money launderers and terrorists. In many countries it’s dangerous to be wealthy, and there are all kinds of problems with having your spending data be out there publicly and permanently for all to see. Namely, companies like Amazon are patenting approaches to identify people with their crypto addresses, “for law enforcement” but also so that, just like credit cards, your spending data can be used to target ads. (A) Coinbase is selling user data to the DEA, IRS, FBI, Secret Service, and who knows who else? (B) What about insurance companies raising your premiums or canceling your policy because they see you buying (legal) cannabis? If your business operates using transparent cryptocurrency, competitors can data mine your customer and supply chain data, and employees can see how much everyone else gets paid. I could go on, but the idea of “I have nothing to hide, so what do I care about privacy?” will increasingly ring hollow as people realize that this money printing will have to be paid by massive tax increases AND that those taxes will be directly debited from their “Central Bank Digital Currency” wallets.
100% privacy for all transactions also eliminates one HUGE problem that people aren’t aware of yet, but they will be: fungibility. Fungibility means that each coin is indistinguishable from any other, just like paper cash. Why is this important? Because of the ever-expanding reach of AML/KYC/KYT (Anti-Money Laundering / Know Your Customer / Know Your Transaction) as regulators cramp down on crypto and banks take over, increasingly coins become “tainted” in various ways. For example, if you withdraw coins to a mixing service like Wasabi or Samourai, you may find your account blocked. (C) The next obvious step is that if you receive coins that these chainalysis services don’t like for whatever reason, you will be completely innocent yet forced to prove that you didn’t know that the coins you bought were up to no good in a past life. 3 days ago, $100k of USDC was frozen. (D) Even smaller coins like LTC now have this problem, because “Chinese Drug Kingpins” used them. (E) I believe that censorable money that can be blocked/frozen isn’t really “your money”.
Epic Cash is a 100% volunteer community project (like XVG and XMR) that had a fair launch in September last year with no ICO and no premine. There are very few projects like this, and it’s a key ingredient in Verge’s success (still at $110m market cap today despite being down 97% since the bubble peak) and why it’s still around. It has a small but super passionate community of “Freemen” who are united by a belief in the sound money economics of Bitcoin Standard emission (21m supply limit and ever-decreasing inflation) and the importance of privacy.
I am super bullish on this coin for the following reasons:
Because it doesn’t have a huge marketing budget in a sea of VC-funded shitcoins, it is as-yet undiscovered, which is why it’s so cheap. There are only 4 Mimblewimble-based currencies on the market: MWC at $162m, BEAM at $26m, GRIN at $22m, and EPIC at $0.4m. This is not financial advice and as always, do your own research, but I’ve been buying this gem for months and will continue to.
This one ticks all the boxes for me, the only real problem is that it’s hard to buy much without causing a huge green candle. Alt season is coming, and coins like this are how your neighbor Chad got his Lambo back in 2017. For 2021, McLaren is a better choice and be sure to pay cash so that it doesn’t get repossessed like Chad!
  1. A https://www.vice.com/en_us/article/d35eax/amazon-bitcoin-patent-data-stream-identify-cryptocurrency-for-law-enforcement-government
  2. B https://decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs
  3. C https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up
  4. D https://cointelegraph.com/news/centre-freezes-ethereum-address-holding-100k-usdc
  5. E https://www.coindesk.com/us-treasury-blacklists-bitcoin-litecoin-addresses-of-chinese-drug-kingpins
  6. F https://www.youtube.com/channel/UCWkTxl5Z6DNN0ASMRxSKV5g
  7. G http://epic.tech/whitepaper
  8. H https://medium.com/epic-cash/epic-cash-on-uniswap-22447904d375
  9. I https://epic.tech/wp-content/uploads/2019/09/figure-3.1.jpg
Links:
submitted by pinchegringo to CryptoMoonShots [link] [comments]

Crypto Weekly News

Cryptocurrencies
Bitcoin Is About To See Its Largest Quarterly Options Expiry Ever
One factor that could contribute to cryptocurrency instability shortly is the inevitable expiration of 87,000 quarterly BTC options contracts. Traders who roll back these positions or close them before the close may cause some turbulence.
Ripple Expands Partnership With Bill & Melinda Gates Foundation Via Mojaloop
India's leading digital payment platforms PhonePe and Ripple have joined as sponsor members. As a sponsor, Ripple will contribute to the development of strategic vision, corporate governance, and technical guidance to ensure the long-term health and growth of the Mojaloop open source community.
IOTA: First SOCIETY2 Product Will Be Available To Use Very Soon
As announced, Secrets will be a messaging app that will allow its users to send private peer-to-peer messages and add users to a private group. The first product of the ecosystem is in the final stages of development.
IOTA: Eclipse Foundation Makes First Commit For Tangle Marketplace Project
The Tangle Marketplace received its first commit from the Eclipse Foundation. As part of a collaboration between IOTA and the Tangle EE Working Group, the project aims to advance use cases in the digital economy through the IOTA Tangle. Besides, the team is also developing the Unified Identity project.
SUSHI Faces Massive Sell-Off Following Uniswap’s Token Launch
SUSHI was among the worst-performing cryptocurrencies this week. This is because Uniswap launched its UNI token. Sushiswap fell just over 16% in 24 hours. On Thursday alone, the SUSHI/USD exchange rate fell more than 10%, trading at $1.357 per token.
Projects and Updates
BitMart Exchange Partners With Top Cybersecurity Solutions Provider
The partnership with cybersecurity firm Hacken should make cryptocurrency trading more secure. BitMart Exchange calls the new development a revolutionary innovation. The new technology will monitor the security of the platform while ensuring that the site is resilient to future hacking attempts.
VeChain Presents VerifyCar At BMW Group’s ‘Digital Innovation Day’
The blockchain-based platform will collect vehicle data such as mileage, repairs, and additional services. The decentralized app will run on the VeChainThor blockchain, which will provide security and data protection. BMW emphasizes that VerifyCar users will have more control over their data.
Bitfinex Adopts Lightning Network’s ‘Wumbo Channels’
The platform has opened three Wumbo Channels to avoid the inherent Lightning Network bandwidth limitations of 0.1677 BTC. Each channel has a limit of 5 BTC. According to representatives of the exchange, these are the largest channels in the Lightning Network.
Binance Creates ‘Innovation Zone’ To Let Only Select Users Trade New DeFi Tokens
Binance is positioning the new service as a safe haven for trading high volatility DeFi assets. Binance CEO Changpeng Zhao noted that the platform needs to add new popular tokens to remain competitive.
KuCoin Establishes Strategic Partnership With Poloniex To Elevate Digital Asset Exchange Industry
The initiative involves the creation of a research organization. Representatives of the sites note that the cooperation will help them make the most of the opportunities of the cryptography and blockchain industry.
Hacking
KuCoin Group Issues A Warning About Phishing Sites
Users are warned that kucoin-exchange.net is not affiliated with KuCoin Group and is a fraudulent domain. To avoid these types of scams, users are asked to be careful and avoid links from domains similar to the official ones.
Twitter Tightens Security Ahead Of US Presidential Election
Additional measures include stronger passwords, password reset protection, and two-factor authentication. The service will also update the internal system to quickly respond to suspicious activity.
Korean Police Summon Bithumb Chairman For Fraud Investigations
According to the police, Lee Jung Hoon organized a pre-sale of the native Bithumb BXA token, which never made it to the listing. The estimated damage to investors was around 30 billion won (~$25 million). The second charge is related to the overseas real estate of the chairman of the exchange. Law enforcement agencies speculate that Hoon was tax evasive.
Australian Man Caught Mining On Supercomputers Avoids Jail
In 2018, Jonathan Khoo worked as a contractor for the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Using two government supercomputers, he mined Ethereum and Monero worth almost $6,897 in a month. Mining cost the agency $56,133. The man faced 10 years in prison, but the judge took into account his confession, loss of a job, and no criminal record. Khoo was assigned 300 hours of community service and psychological counseling.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Crypto Weekly News

Cryptocurrencies
Bitcoin Is About To See Its Largest Quarterly Options Expiry Ever
One factor that could contribute to cryptocurrency instability shortly is the inevitable expiration of 87,000 quarterly BTC options contracts. Traders who roll back these positions or close them before the close may cause some turbulence.
Ripple Expands Partnership With Bill & Melinda Gates Foundation Via Mojaloop
India's leading digital payment platforms PhonePe and Ripple have joined as sponsor members. As a sponsor, Ripple will contribute to the development of strategic vision, corporate governance, and technical guidance to ensure the long-term health and growth of the Mojaloop open source community.
IOTA: First SOCIETY2 Product Will Be Available To Use Very Soon
As announced, Secrets will be a messaging app that will allow its users to send private peer-to-peer messages and add users to a private group. The first product of the ecosystem is in the final stages of development.
IOTA: Eclipse Foundation Makes First Commit For Tangle Marketplace Project
The Tangle Marketplace received its first commit from the Eclipse Foundation. As part of a collaboration between IOTA and the Tangle EE Working Group, the project aims to advance use cases in the digital economy through the IOTA Tangle. Besides, the team is also developing the Unified Identity project.
SUSHI Faces Massive Sell-Off Following Uniswap’s Token Launch
SUSHI was among the worst-performing cryptocurrencies this week. This is because Uniswap launched its UNI token. Sushiswap fell just over 16% in 24 hours. On Thursday alone, the SUSHI/USD exchange rate fell more than 10%, trading at $1.357 per token.
Projects and Updates
BitMart Exchange Partners With Top Cybersecurity Solutions Provider
The partnership with cybersecurity firm Hacken should make cryptocurrency trading more secure. BitMart Exchange calls the new development a revolutionary innovation. The new technology will monitor the security of the platform while ensuring that the site is resilient to future hacking attempts.
VeChain Presents VerifyCar At BMW Group’s ‘Digital Innovation Day’
The blockchain-based platform will collect vehicle data such as mileage, repairs, and additional services. The decentralized app will run on the VeChainThor blockchain, which will provide security and data protection. BMW emphasizes that VerifyCar users will have more control over their data.
Bitfinex Adopts Lightning Network’s ‘Wumbo Channels’
The platform has opened three Wumbo Channels to avoid the inherent Lightning Network bandwidth limitations of 0.1677 BTC. Each channel has a limit of 5 BTC. According to representatives of the exchange, these are the largest channels in the Lightning Network.
Binance Creates ‘Innovation Zone’ To Let Only Select Users Trade New DeFi Tokens
Binance is positioning the new service as a safe haven for trading high volatility DeFi assets. Binance CEO Changpeng Zhao noted that the platform needs to add new popular tokens to remain competitive.
KuCoin Establishes Strategic Partnership With Poloniex To Elevate Digital Asset Exchange Industry
The initiative involves the creation of a research organization. Representatives of the sites note that the cooperation will help them make the most of the opportunities of the cryptography and blockchain industry.
Hacking
KuCoin Group Issues A Warning About Phishing Sites
Users are warned that kucoin-exchange.net is not affiliated with KuCoin Group and is a fraudulent domain. To avoid these types of scams, users are asked to be careful and avoid links from domains similar to the official ones.
Twitter Tightens Security Ahead Of US Presidential Election
Additional measures include stronger passwords, password reset protection, and two-factor authentication. The service will also update the internal system to quickly respond to suspicious activity.
Korean Police Summon Bithumb Chairman For Fraud Investigations
According to the police, Lee Jung Hoon organized a pre-sale of the native Bithumb BXA token, which never made it to the listing. The estimated damage to investors was around 30 billion won (~$25 million). The second charge is related to the overseas real estate of the chairman of the exchange. Law enforcement agencies speculate that Hoon was tax evasive.
Australian Man Caught Mining On Supercomputers Avoids Jail
In 2018, Jonathan Khoo worked as a contractor for the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Using two government supercomputers, he mined Ethereum and Monero worth almost $6,897 in a month. Mining cost the agency $56,133. The man faced 10 years in prison, but the judge took into account his confession, loss of a job, and no criminal record. Khoo was assigned 300 hours of community service and psychological counseling.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoCurrencies [link] [comments]

Crypto Weekly News — September, 25

Cryptocurrencies

Bitcoin Is About To See Its Largest Quarterly Options Expiry Ever
One factor that could contribute to cryptocurrency instability shortly is the inevitable expiration of 87,000 quarterly BTC options contracts. Traders who roll back these positions or close them before the close may cause some turbulence.
Ripple Expands Partnership With Bill & Melinda Gates Foundation Via Mojaloop
India's leading digital payment platforms PhonePe and Ripple have joined as sponsor members. As a sponsor, Ripple will contribute to the development of strategic vision, corporate governance, and technical guidance to ensure the long-term health and growth of the Mojaloop open source community.
IOTA: First SOCIETY2 Product Will Be Available To Use Very Soon
As announced, Secrets will be a messaging app that will allow its users to send private peer-to-peer messages and add users to a private group. The first product of the ecosystem is in the final stages of development.
IOTA: Eclipse Foundation Makes First Commit For Tangle Marketplace Project
The Tangle Marketplace received its first commit from the Eclipse Foundation. As part of a collaboration between IOTA and the Tangle EE Working Group, the project aims to advance use cases in the digital economy through the IOTA Tangle. Besides, the team is also developing the Unified Identity project.
SUSHI Faces Massive Sell-Off Following Uniswap’s Token Launch
SUSHI was among the worst-performing cryptocurrencies this week. This is because Uniswap launched its UNI token. Sushiswap fell just over 16% in 24 hours. On Thursday alone, the SUSHI/USD exchange rate fell more than 10%, trading at $1.357 per token.

Projects and Updates

BitMart Exchange Partners With Top Cybersecurity Solutions Provider
The partnership with cybersecurity firm Hacken should make cryptocurrency trading more secure. BitMart Exchange calls the new development a revolutionary innovation. The new technology will monitor the security of the platform while ensuring that the site is resilient to future hacking attempts.
VeChain Presents VerifyCar At BMW Group’s ‘Digital Innovation Day’
The blockchain-based platform will collect vehicle data such as mileage, repairs, and additional services. The decentralized app will run on the VeChainThor blockchain, which will provide security and data protection. BMW emphasizes that VerifyCar users will have more control over their data.
Bitfinex Adopts Lightning Network’s ‘Wumbo Channels’
The platform has opened three Wumbo Channels to avoid the inherent Lightning Network bandwidth limitations of 0.1677 BTC. Each channel has a limit of 5 BTC. According to representatives of the exchange, these are the largest channels in the Lightning Network.
Binance Creates ‘Innovation Zone’ To Let Only Select Users Trade New DeFi Tokens
Binance is positioning the new service as a safe haven for trading high volatility DeFi assets. Binance CEO Changpeng Zhao noted that the platform needs to add new popular tokens to remain competitive.
KuCoin Establishes Strategic Partnership With Poloniex To Elevate Digital Asset Exchange Industry
The initiative involves the creation of a research organization. Representatives of the sites note that the cooperation will help them make the most of the opportunities of the cryptography and blockchain industry.

Hacking

KuCoin Group Issues A Warning About Phishing Sites
Users are warned that kucoin-exchange.net is not affiliated with KuCoin Group and is a fraudulent domain. To avoid these types of scams, users are asked to be careful and avoid links from domains similar to the official ones.
Twitter Tightens Security Ahead Of US Presidential Election
Additional measures include stronger passwords, password reset protection, and two-factor authentication. The service will also update the internal system to quickly respond to suspicious activity.
Korean Police Summon Bithumb Chairman For Fraud Investigations
According to the police, Lee Jung Hoon organized a pre-sale of the native Bithumb BXA token, which never made it to the listing. The estimated damage to investors was around 30 billion won (~$25 million). The second charge is related to the overseas real estate of the chairman of the exchange. Law enforcement agencies speculate that Hoon was tax evasive.
Australian Man Caught Mining On Supercomputers Avoids Jail
In 2018, Jonathan Khoo worked as a contractor for the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Using two government supercomputers, he mined Ethereum and Monero worth almost $6,897 in a month. Mining cost the agency $56,133. The man faced 10 years in prison, but the judge took into account his confession, loss of a job, and no criminal record. Khoo was assigned 300 hours of community service and psychological counseling.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Cashing out come crypto, how to pay taxes on it

I bought some bitcoin in 2017 on GDAX. Sent it to a couple other exchanges to sell for alt currencies. Two of those exchanges are completely gone and another I don't have access to. I ended up sending it all to Binance where I did a lot of day trading in 2017/2018 but I never cashed out. After it all dropped, I put all the crypto I had into a wallet and haven't touched them since. They're rebounding now and I'm thinking of cashing it out for a house down payment. I'm worried it's going to be a problem declaring it because I never declared or paid taxes on those trades in 2017/2018, I was stupid and thought I only had to pay taxes on exchanges to fiat. I also answered no to the crypto question on my 2019 return because I was holding crypto, I never actually did anything with it (question didn't ask if you had any crypto holdings). I've never received any letters related to crypto from the IRS or any exchange.
I have records of my original transfers from fiat to bitcoin, so I know exactly what the cost basis is for all my cryptos. The problem is, from that original purchase to the crypto I have now, there's hundreds of transactions, most of which no longer have any existing records. Can I just list those original bitcoin purchases from fiat in 2017 and then my sales this year when I declare long term gains or are they going to do more digging and require me to show how the bitcoin I bought turned into several alt coins?
submitted by TheDessertGrinch to tax [link] [comments]

Binance Support Number 1844~948~0641

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Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance42566 to u/binance42566 [link] [comments]

Binance Toll-free Number ☎1844~948~0641 Phone

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance42566 to u/binance42566 [link] [comments]

Binance Technical Support Phone Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance42566 to u/binance42566 [link] [comments]

Binance Technical Support Phone Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance4590 to u/binance4590 [link] [comments]

Binance Technical Support Phone Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance638 to u/binance638 [link] [comments]

Binance Support Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance406 to u/binance406 [link] [comments]

Binance Technical Support Phone Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance6767 to u/binance6767 [link] [comments]

Binance Support Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance44356 to u/binance44356 [link] [comments]

Binance toll free Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance4454576 to u/binance4454576 [link] [comments]

Binance toll free Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance54547 to u/binance54547 [link] [comments]

Binance Support Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
submitted by binance4364 to u/binance4364 [link] [comments]

Binance Support Number +1844~948~0641

Binance is a moved cash improvement and technique stage where purchasers and merchants can execute with new computerized incited kinds of money like bitcoin and litecoin, and so forth. On the off chance that you need to get more data identified with this, by then you can oblige us and use Binance Customer invigorate number . Discussing the relationship of Binance, it will end up being the best among all sources, in this you can without an extremely paramount stretch exchange mechanized kinds of money from wallet to wallet and with complete security.
Binance is the see the shippers would have the decision to step forward. They can truly buy the altcoins and that too at showed costs. The standard piece of room of On Binance is you have no pseudo-nonattendance of clearness—your name is connected with your Binance account in a general sense like your cash related worth, so exchange history is routinely simple to find. In addition, in the occasion that you're not looking for after the blockchain, there's in each realistic sense no you can do to guarantee that the confirmation of your exchange history or your record is going on the blockchain. You are, reasonably, setting trust in the go between, for this situation, Binance.
In any case, there are some optional issues that may approach for this condition. For these issues, there is the Binance invigorate telephone number. With the assistance of the Binance continue get-together, the clients will have the decision to get all the subtleties and data that they should have notwithstanding about this electronic money trade.
With the proposition of your modernized sorts of money, you can guarantee about it here. On the off chance that you are content with selling your cryptographic sorts of money, you would cash have the choice to out with Binance or move it to the bank. For which you can utilize our Binance Customer sustain number.
Binance Related Common Issues-
Issues related with the Binance account
Logging issues with Binance Account
Cutoff centers and Account Levels Issues
Unequivocal Payment Methods
Issues with selling and purchasing pushed money
Telephone or 2-factor demand gadget
Contribute dependably: Recommended account the chief practices
Issue to send modernized cash to another wallet
Binance Tax Related issue
Issues in pulling back forked coins
Not having the decision to open up the Binance trade application iOS and android
Wrong check of the record with Binance
Not getting the bitcoin from some other trade
Here are some standard issues which will when everything is said in done stun the Binance clients. Regardless, these issues are standard and there are a couple of pointers which can pull in the individuals to out in the most ideal manner. We have a general experienced help pack which can give the essential direction to the individuals who need it. In the event that there are a few issues, individuals can dial the Binance Support number. This is to have some assistance from the gathering. This fundamental number is open unremittingly. It will generally speaking be dialed at whatever point for the assistance of the individuals.
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Binance Exchange Tutorial: How To Sell On Binance (Sold My ...

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