@sghamel I’ll mostly be using it for immediate purchase and not investing of any kind.
@annamuneca
If you live in the US and have owned it less than a year it will be taxed as short term capital gains. That is the basic rule of thumb there. Sorry if I am not much help.
@sghamel that helped some!
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@annamuneca whether you are buying or holding, I'd recommend storing your #crypto in an offline hardware wallet of some kind. That way you control your keys - not the exchanges. As they say: "Your keys, your crypto. Not your keys, not your crypto!" - And #always make a cold/offline backup of your crypto private encryption keys and the mnemonic seed phrase. I wrote this a while ago > https://briangreen.net/crypto_seed_backup
@annamuneca
A lot of it depends on where you are living. If in the US Coinbase will give you an accounting at tax time. Also depends on what you cash in and when. Last time I checked the IRS doesn't get a report on anything less than 20k per year. Again, Location counts. #crypto