3 ms·

Huh? I'm sending Bitcoin without involving any government. You're doing something wrong if you feel like you need to involve them.

• me_me_mu_mu 4y ago
  Except come tax time you need to declare your crypto..
  • emteycz 4y ago
    Fortunately I live in a country where such thing is a big tabu. I only need to declare my gains (and only in case I'm holding less than a year) - and there are none if I am simply using BTC to send cash.
    • colecut 4y ago
      So btc has only gone down since you bought it? If you buy btc, and value goes up, and you use it to "send cash" that is a gain.
      • emteycz 4y ago
        BTC has stayed the same price for the duration of my transfers. It's just a few hours most of the time. There is also allowance in the law for this case - I don't need to declare anything unless I profit over $1k/year.
        • jhgb 4y ago
          > for the duration of my transfers What about for the duration of you keeping it in your wallet?
          • emteycz 4y ago
            I buy it when I need to transfer (usually using a Bitcoin ATM) and then transfer it immediately - and sometimes I deposit it to the target wallet directly.