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You can trade BAT on Coinbase, Binance and Kraken. Probably a lot of smaller exchanges as well, those just seemed like the most logical one's to check. So much
by jorvi 3y ago
You can trade BAT on Coinbase, Binance and Kraken. Probably a lot of smaller exchanges as well, those just seemed like the most logical one's to check.
So much for a black hole.
- pcthrowaway 3y agoSo you pay $20-30 to send your BAT on Ethereum to your exchange, where you then pay additional trade and withdrawal fees. You must be making a lot of BAT for this to even be worth it. I haven't seen anyone on https://www.reddit.com/r/BATProject https://www.reddit.com/r/BATProject report making more than ~$10/month, and the overwhelming majority just make anywhere from $0.20 - $5/month. So maybe in two years it's going to be worthwhile for them to go through the withdrawal steps. In the meantime they technically have to report their BAT distributions as earnings against their income (so they pay taxes for them). Then track the average cost basis til the time of their eventual disposal. In many countries, the network fees, trading fees, and withdrawal fees won't be deductible unless they're filing as a business. So they may even lose money throughout the process when you take additional taxes into account. And either way it's a tax headache, and you risk opening yourself up to penalties if you file improperly, or paying an accountant extra to sort through everything for you.
- rglullis 3y agoEither people are making enough money to withdraw, or the amount is so low that is not required to be reported. No tax authority will come after you because you didn't declare the $100 bucks worth of crypto you got in one whole fiscal year.