If you hold Bitcoin as an investment, you’ll be taxed on any capital gains you make when you sell it for USD or another cryptocurrency. Tax obligations also apply to Bitcoin mining, professional Bitcoin traders and in a range of other scenarios, so make sure you’re fully aware of what you need to report to the IRS. This means that your funds are safe. The support is also great and you have a variety of deposit methods. The disadvantage is that you can’t withdraw your crypto. You can trade is on the broker and withdraw fiat money (USD, EUR etc.) when you wish. Bitcoin Exchanges Bitcoin is usually bought by using an exchange. Find the latest Bitcoin USD (BTC-USD) stock quote, history, news and other vital information to help you with your stock trading and investing. Bitcoin transactions to the tune of over $2 billion traded every day, means millions of people use Coinbase GDAX to convert BTC to USD around the world. There are thousands of cryptocurrency traders in the global cryptosystem, and every one of them claims to be the best. Bitcoin traded at about $10,354 at midday, up nearly 5% for the day, and some experts believe it could head to $15,000 next. Jul. 27, 2020 at 12:32 p.m. ET by Andrea Riquier
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