Cryptocurrency Q&A

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SamuraiHonor SamuraiHonor Sat Mar 30 2024 | 5 answers 1016

What is HSBC crypto limit?

Excuse me, I'm quite interested in cryptocurrencies and their associated financial limits. Could you please clarify for me what the HSBC crypto limit refers to? I've heard about this term but am not entirely sure of its meaning or implications. I'd appreciate it if you could provide a detailed explanation, including any recent updates or changes that may have occurred. Additionally, I'm curious to know if this limit applies to all cryptocurrencies or if there are any exceptions. Thank you for your time and assistance.

What is HSBC crypto limit?
SakuraDance SakuraDance Sat Mar 30 2024 | 5 answers 1073

How does HMRC find out about crypto?

I'm curious, how does HMRC become aware of cryptocurrency transactions? Do they monitor every transaction made on crypto exchanges or do they receive reports from these exchanges? Also, if I make a profit from trading cryptocurrencies, am I obligated to declare it to HMRC? And how would they even know if I didn't? I understand that taxes are important and should be paid, but the whole process seems quite mysterious to me. Could you explain it a bit more clearly?

How does HMRC find out about crypto?
Daniela Daniela Sat Mar 30 2024 | 7 answers 1452

Should I leave my money in Binance?

I'm a bit confused about where to keep my cryptocurrencies. Should I leave my money in Binance? I've heard some people talk about the platform's security issues, but I also know it's one of the most popular exchanges. What are your thoughts on this matter? Should I be worried about the safety of my funds if I choose to keep them on Binance? Or are there any other recommended platforms that offer better security? I really appreciate your help in clarifying this matter for me.

Should I leave my money in Binance?
WhisperWindLight WhisperWindLight Sat Mar 30 2024 | 5 answers 1045

What if Binance goes bust?

I've been hearing a lot about Binance recently, and it seems to be one of the biggest players in the cryptocurrency market. But what happens if it suddenly goes bust? Will I lose all my investments? How likely is this scenario, and what can I do to protect myself?

What if Binance goes bust?
SamuraiBrave SamuraiBrave Sat Mar 30 2024 | 5 answers 1203

Is CoinSpot safe in Australia?

I'm considering using CoinSpot to buy and sell cryptocurrencies in Australia, but I'm concerned about its safety. Can you tell me if CoinSpot is a secure platform to use? I've heard about some crypto exchanges being hacked in the past, so I want to make sure my funds will be protected if I choose to use CoinSpot. Also, what kind of security measures does CoinSpot take to ensure the safety of its users' data and transactions? I'd appreciate it if you could provide some insight into this matter.

Is CoinSpot safe in Australia?

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