3 ms·
So the IRS accept bitcoin or is there a conversion behind the scenes? If the latter, how do you ensure you've actually covered the balance exactly?
by headsoup 8y ago
So the IRS accept bitcoin or is there a conversion behind the scenes? If the latter, how do you ensure you've actually covered the balance exactly?
- hanniabu 8y agoIt's converted by Coinbase. Whatever the charge is, they sell that amount worth of your holdings plus fees.
- headsoup 8y agoSo in this case rather than just pay cash it's paying cash with a little bit extra for coinbase? Is there any genuine value to justify this extra cost?
- hanniabu 8y agoEveryone charges a fee. This is just a different provider. The proposition is that conversions are seamless so you don't have to worry about manually cashing out assets for payment and you can stay invested until the time of sale.