Welcome Forums GTA Member Forum starting out Reply To: starting out

  • Brian

    Administrator
    September 27, 2021 at 6:18 pm

    A. All Exchanges require KYC ( Know your Customers) the end of anonymity and not wanting to pay taxes is over.
    B. You only report if you SELL or Convert ( Convert Ethereum for Bitcoin, Sell Bitcoin for a Stable Coin like USDC) to IRS
    C. Coinbase, Gemini, Kraken or any other Exchange even aboard may come under IRS where they must report.
    D. Wallets can come in the form of Software base or Hardware base. A Hardware wallet or a paper Wallet is more secure than Mobile Wallet on your phone or something like Metamask.
    E. Risks are you must to keep safe you seed phrase as well as any transaction cannot be unreversed. For Example you send Crypto Bitcoin which is held in your Metamask wallet however , your system is exploited and the Send Address is compromised.