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Top 10 Crypto Tax Free Countries to Bank your Cryptocurrency Gains
When an investor trades cryptocurrency for a profit, they may have to pay pretty hefty taxes on the resulting capital gains. So Tax liability is a super concern for Bitcoin Millionaires. Some have described it as nothing short of a nightmare.
Hey, what’s up, guys? Welcome back to another video and today we’ll be talking about Top 10 countries to bank your cryptocurrency gains.
While some countries are putting pressure on investors and imposing taxes on capital gains from Bitcoin transactions, there are some countries that welcome crypto investors with open arms and do not impose taxes on bitcoin income, storage, and transactions.
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go check our video on taxation of crypto gains in Switzerland: https://www.youtube.com/watch?v=w_tvmvSMxS0&t=888s
Thanks for the video! These crypto friendly countries aids in making crypto trading encouraging with it's low taxation. Came across this video on Boxmining channel that gave a better explanation about crypto friendly countries
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market/crypto market has plenty of opportunities to earn a decent payout even in a downtrend, with the right skills and proper understanding of how the market works.
you information about portugal is not true.
when you dont have a job and only make money with crypto you count as a ''professional'' trader.
when you are a ''professional'' you have to pay tax.
Hi, thanks for the video, I have a question. I was trading and earned $24,000, I withdraw the coins, but the platform asked me to pay the taxes by 20% of capital gain, after the tax payment process completed then they will process my withdraw coins. Is it make sense? Or it is scam? I need you advice. Thanks.
The official Cyprus flag is this 🇨🇾. The flag that you have in the video is not official states flag. Is the flag of the turkish cypriot living in the island but not the official flag of the Republic of Cyprus
Most informative video I’ve seen on crypto yet and gives me a bit more confidence to invest myself. Only thing i dont understand is the whole staking your crypto for a return? What does this mean and are you at risk of your coins being devalued by doing so?
Thanks
Great content
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Those statements about Switzerland are false. You do get taxed, and quite a bit actually
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take it as a broad overview and go deeper if a country interest you. Especially the information about malta and cyprus is not up to date, but I am not an expert on other countries so there are probably more errors.
Every country is exempt from bitcoin taxes if you have big enough balls
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