KDramaLegendaryStar
Sat Mar 30 2024
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6 answers
1267
Why are UK banks blocking cryptocurrency?
I'm rather perplexed about the recent trend of UK banks blocking cryptocurrency transactions. Could you please elaborate on the reasons behind this decision? Is it due to concerns about the volatility and riskiness of the crypto market, or is there another underlying factor? Moreover, does this blocking action pose a threat to the future of cryptocurrencies in the UK? Will it hinder innovation and technological advancements in this field? Lastly, as a professional practitioner in the field of cryptocurrency and finance, what are your thoughts on how banks can balance the risks and opportunities associated with cryptocurrencies while still offering their services to customers?
Davide
Sat Mar 30 2024
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7 answers
1412
Does money grow in a crypto wallet?
Excuse me, I am quite new to the world of cryptocurrencies. I've heard a lot about crypto wallets and how they store digital assets, but I'm still a bit confused about one thing. Does money actually "grow" in a crypto wallet? I mean, do the funds increase over time, like interest or dividends might do in a traditional bank account? Or is it just a place to securely store my coins without any growth potential? I'm trying to wrap my head around this concept and would appreciate any clarification you can provide. Thank you!
noah_stokes_photographer
Sat Mar 30 2024
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8 answers
2198
Why is it so hard to withdraw from Coinbase?
I'm a bit puzzled. I've been hearing a lot about Coinbase, this supposedly user-friendly crypto exchange, but whenever I try to withdraw my funds, it seems like I'm running into a maze of hoops to jump through. It's not like I'm a new user; I've been with Coinbase for quite a while now. So, what gives? Why is it so darn difficult to withdraw money from this platform?" "I've checked my account, everything seems to be in order. My identification is verified, my bank account is linked, and yet every time I initiate a withdrawal, it either gets stuck in some pending state or I get an obscure error message that doesn't really explain what the problem is. It's like playing Russian roulette with my hard-earned crypto." "I've seen posts online from other users complaining about the same issue, so it's not just me. What's the root cause of this withdrawal nightmare? Is it a technical glitch? Some sort of regulatory issue? Or is Coinbase just not that into letting people take their money out?" "I'm all for security measures and KYC checks, but this seems excessive. It's almost as if they're trying to make it as inconvenient as possible for users to withdraw their funds. Am I wrong in thinking this? Or is there a legitimate reason behind these withdrawal delays and difficulties?
Andrea
Sat Mar 30 2024
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7 answers
1695
Are you OK with being paid in crypto?
I understand that cryptocurrency is a volatile asset, but it also has the potential for high returns. Given your expertise in this field, are you comfortable with being paid in crypto? What are the advantages and disadvantages of being paid in crypto for you personally? And how do you ensure the security of crypto payments?
KabukiPassion
Sat Mar 30 2024
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7 answers
1827
Do you only pay tax on crypto when you sell?
So, I've been hearing a lot about cryptocurrencies lately, and I'm starting to get interested. But one thing that's been confusing me is taxes. Do you only pay tax on crypto when you sell it? Or do you have to pay taxes on it every year, like with other investments? And how does the government even know how much crypto you have? I've heard about people using crypto to avoid taxes, is that true? And if so, how does that work? I'm just trying to wrap my head around all this new and complex stuff. Could you explain it to me like I'm five?
