Kraken is nice
Kraken is nice
If you are just looking to buy and hold, coinbase or gemini are the most established in the US. Gemini has the better trading interface though, imo.
FYI, if you are planning to buy and hold, make sure to enable 2FA, and lock crypto withdraws.
If you are just looking to buy and hold, coinbase or gemini are the most established in the US. Gemini has the better trading interface though, imo.
FYI, if you are planning to buy and hold, make sure to enable 2FA, and lock crypto withdraws.
In my case I'd be holding for 6-12 months, then either converting back to fiat or buying more bitcoin.
I'm treating bitcoin as an inflation hedge for excess cash I'd otherwise keep in a bank account for some TBD remodeling projects, not for frequent transactions. If this means I end up paying income tax rates instead of LTCG rates due to same-year recognition of gains that's fine, as I'd rather pay taxes on gains than guarantee losses to inflation.
In my case I'd be holding for 6-12 months, then either converting back to fiat or buying more bitcoin.
I'm treating bitcoin as an inflation hedge for excess cash I'd otherwise keep in a bank account for some TBD remodeling projects, not for frequent transactions. If this means I end up paying income tax rates instead of LTCG rates due to same-year recognition of gains that's fine, as I'd rather pay taxes on gains than guarantee losses to inflation.
Either exchange should serve your needs easily. But you still might lose money with a hard 12 month time limit. There have been 12 month periods where bitcoin lost value. The
Either exchange should serve your needs easily. But you still might lose money with a hard 12 month time limit. There have been 12 month periods where bitcoin lost value. The
Good point. It's not a hard limit, more of a ballpark. If bitcoin plunges I wouldn't have any issues riding out the volatility.
Good point. It's not a hard limit, more of a ballpark. If bitcoin plunges I wouldn't have any issues riding out the volatility.
Second coinbase. Also many decentralized exchanges like Waves and Bisq will let you do this ANONYMOUSLY. It is kinda weird but not a bad move. Coinex also will let you buy in with a cc i think .
Second coinbase. Also many decentralized exchanges like Waves and Bisq will let you do this ANONYMOUSLY. It is kinda weird but not a bad move. Coinex also will let you buy in with a cc i think .
While anonymity is important for a lot of cases, I'm ok with playing ball with KYC requirements. I'm not aiming for "avoid theft by corrupt border guards" so much as "hedge against inflation".
While anonymity is important for a lot of cases, I'm ok with playing ball with KYC requirements. I'm not aiming for "avoid theft by corrupt border guards" so much as "hedge against inflation".
Dunno, depends also on the part of the world you're in. Here in California I use mostly Gemini and Crypto.com but there is always Coinbase Pro
Dunno, depends also on the part of the world you're in. Here in California I use mostly Gemini and Crypto.com but there is always Coinbase Pro
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