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There are other options if u want to buy with bitcoin or Ethereum but with credit card coinbase might be your only option in US.
Cashing out of litecoin shouldn't be an issue. It's one of the top 5 coins usually.
Rgr. CoinBase isn't working for me as I have a Hawaii address. It wouldn't let me put in my NY address (which is my permanent address for government purposes) I'm trying to use Bittrex, but am having a hard time understanding how the site works. I think I'm going to learn how the site/purchase process works a little more before trying to make a purchase
Wait is it $600 per day or transaction or month ? Let me put it this way. I run a mining operation which nets me $50- $200 a day. As long as it is less than $600 a day should we report it on taxes?
The law hasn't passed yet but to my understanding as long as an individual purchase is under $600 it's excempt so hypotehtically you could spend $1800 in a day as long as not more than $600 is on a single purchase.
In regards to mining what's the least amount of money one would have to invest in a rig to make say $20 to $50 per day. I'm not looking to make a killing but would like to gain a better understanding and do it for more than break even. I'd probably look to mine something with GPU's, any advice or setup recommendation would be appreciated.
I want to buy some Litecoin, but does anyone know how easy it is to cash out??? That's the only thing holding me back now.
Also, CoinBase is currently down. Are there any other good sites to buy?
I havn't used it but I hear good things about Gemini. Litecoin is very easy to cash out although like you see today when things get really volatile exchanges get overloaded.
Rgr. CoinBase isn't working for me as I have a Hawaii address. It wouldn't let me put in my NY address (which is my permanent address for government purposes) I'm trying to use Bittrex, but am having a hard time understanding how the site works. I think I'm going to learn how the site/purchase process works a little more before trying to make a purchase
Hawaii from what I hear has some really stupid money transmission laws so many exchanges don't operate there. Bittrex is my fav altcoin exchange followed by HitBTC however you can't buy with Dollars you first need Bitcoin
Hawaii from what I hear has some really stupid money transmission laws so many exchanges don't operate there. Bittrex is my fav altcoin exchange followed by HitBTC however you can't buy with Dollars you first need Bitcoin
Ah, I see! Thanks. Still learning a lot about the process. Sigh, not as simple as I thought things would be.
I havn't used it but I hear good things about Gemini. Litecoin is very easy to cash out although like you see today when things get really volatile exchanges get overloaded.
I am on Gemini for over 8 months or so. They don't have LTC thats why I didnt recommend it earlier. It has only BTC and ETH...
yep I can pull in all sorts of business expenses on this one. I was just curious to know if mined BTC weren't converted into USD and instead held in a wallet then should there be tax on them since you haven't realized your gains yet....
No - it's not a good option, when the government is making rumblings about really taking a close look at bitcoin. Run to the exits and invest in real companies who are making real profits.
Geez.
But bitcoin broke another record recently. Why not? I don't quite understand
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I'm trying to use Bittrex, but am having a hard time understanding how the site works. I think I'm going to learn how the site/purchase process works a little more before trying to make a purchase 
lol
