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Choosing an exchange out of the hundreds available today can be a daunting task: here we provide some tips to newcomers to Cardano. |
Nobody likes to think about tax time. But we kind of have to. Some jurisdictions treat cryptocurrencies as commodities, some as securities, some are flat-out trying to ban them. Where you are in the world will determine when and how your crypto earnings will be taxed.
{% hint style="danger" %} Do some research ahead of time, to avoid unpleasant surprises. {% endhint %}
{% hint style="info" %} Some exchanges provide end-of-financial year reports, accepted by your jurisdictional taxation office. {% endhint %}
{% hint style="danger" %} There are a multitude of cryptocurrency exchanges in the world. Choosing one that is appropriately regulated in your jurisdiction and has a good reputation can make a lot of difference. {% endhint %}
Make sure your exchange of choice has a good reputation. Things to look out for include:
- Solid local regulation;
- Presence of a thorough KYC process;
- Years of activity;
- The exchange allows cryptocurrency withdrawal into personal wallets;
- Awards and certifications from competent organs;
- Bad press or allegations of criminal behaviour;
- Quality of customer-support;
- Transparency of dealings with the community.
For an updated list of Crypto exchanges, you can view this page, curated by Coingecko.
{% hint style="warning" %} Disclaimer: this guide is not supported financially or in any other way endorsed by Coingecko. {% endhint %}