What happens when we sell our crypto in profit

[godislovefll 1880]

On 12/22/2019 at 4:35 PM, Maxtron73 said:

Wondering what will happen after we decide to sell our crypto assets after a strong rally and we put back our money on bank account ? Who knows what taxes we will pay or if we will pay. Obviously this depends on each state that has their own laws and regulations. I live in europe and so my earnings could be taxed in a different way from another state .

There are countries where taxes vary as it says, and also countries where cryptocurrencies are prohibited so it increases the difficulty to exchange fiat money to currencies, now the commission varies for each region so it would not be known exactly how much money is will spend.

[Quickbee 26]

So far, our country has not notified about the amount or rate of tax for Crypto income. If at all it happens, I am willing to pay the tax. I only hope the rate of tax is fair to all. Small Crypto income earners must be exempted.

[yulitzacalvete 1366]

On 12/22/2019 at 4:35 PM, Maxtron73 said:

Wondering what will happen after we decide to sell our crypto assets after a strong rally and we put back our money on bank account ? Who knows what taxes we will pay or if we will pay. Obviously this depends on each state that has their own laws and regulations. I live in europe and so my earnings could be taxed in a different way from another state .

You are very right friend, take into account the taxes since this as you mention varies depending on the country, now you can use the Binance platform to pass it to your traditional bank through P2p which is very fast and safer.

[Oki 675]

Every country has different rules, some are taxed when selling crypto assets and some are not. In my country, after making a profit, of course I convert the profit to fiat through the local exchange, then after I sell it on the local exchange, the money that I will get will be deducted from taxes.

[Henri1111 120]

We sell crypto profits when you get good money from here. It's a good job for me and it feels good for my future. These all depend on country control. The exchange in crypto is subject to transaction fees that are commonly used for minerals. If banking matters depend on our own country then it is better to sell it

[susan8929 811]

I understand your case, my friend. I have read that in several European countries it is necessary to declare income if you earn a certain amount. 
In my case, I live in a country where cryptocurrencies are not fully regulated and it is not necessary to declare all income. Well, in theory yes, but there is a lot of misinformation about it and fortunately the laws are not very strict. So I haven't had to declare my income. Although in the future it is possible that I will do so if they are very high, but I will analyze this later.
 

[khan22 3478]

When we sell our crypto in profit we can get the cash easily becasue no one know that on what time the market go high and we make good profit and when the market go down and we are all in the loss. So sell in a good price is a good idea.

[Jack764 1841]

The profit from a cryptocurrency is corresponding to a loss from Ahren people, and that is why sometimes I do not prefer to win a lot of money and a ton in the end of the trade, profit or loss

[AL SHAIMON 1293]

This is completely depends on you. If you wanted to withdraw your coins you can do withdraw them without any problem. But if you think you should hold for some more times you can hold. This is true that you have to pay taxes for your profit.

[Roman Wickler 1021]

That is completely your decision. If you wanted to withdraw your coins you can do it whenever you want. Youcan sell the coins when market goes high. Because you don't know when market goes down. Or you can hold them for making profit. It is really up to you.

[Malik Abdullah 376]

Nothing special happened with you if you sell your bitcoins in profit. But you get a good benefit from this. This is a good method of earning. You can buy coins at cheap price and sell them at high price and get profit a lot of profit from this. I like this type of trading.

[Ameralsamt 2558]

My friend, the issue of taxes and so on is not for everyone, it varies from country to country, and for me my country does not have any taxes so it is easy to withdraw and deposit،  I'm so glad I'm pulling out so easily here. 

[Flash009 345]

I think when we sell crypto profit it is good for me and it is good for my future. And these all depend on country control. If yes, we have to pay. However in crypto the exchange is subject to transaction fees which are usually for minerals. Yes, if banking matters depend on our own country. 

[Tawari 888]

 We can earn enоugh and feel confident that we can profit out of it by selling it then we should first try to fully know about the price that we will be оffered in return in our respective country and  it is favorable for any person. 

[Nupeboy 627]

My friend if we sell our crypto in profit then they will definitely have to remove charges from it and the most important thing is that if the profit is or have exceeded the level of them collecting tax from you then they will have no choice but to do that 

[yenniferamos14lsv 45]

In my country I do not pay taxes for withdrawing my money to the bank, if they charge me certain commissions, but even there, I think the best thing is not to use the banks to withdraw the money from cryptocurrencies to a bank, it is better to have a wallet that you allow you to use your dollars directly, without a bank, for example, uphold is a good option, and they have a debit card to use it.

[jappy 1129]

This is because some countries are not even allowed cryptocurrencies, and this will not be the same in all countries there are countries where cryptocurrencies are not allowed, so it cannot be withdrawn by conventional banks.

[Syriana 350]

My friend, every country has its own tax collection system and a financial law that they depend on, and many countries have begun to recognize cryptocurrencies and work with them and allow cryptocurrencies to be deposited in large banks in the country, so do not be afraid of the tax process, as it is an old and routine matter.

[Sairaranjha 674]

It is good if you get profit by selling crypto.but if you start investing in your favorite valueable coin then you will earn more profit.. If there is no tax then it is our profit.

[Pereira 2303]

All countries have taxes to pay for the purchase or sale of anything, this is regulated by the government of any country, but seeing the case of cryptocurrencies no one has to regulate them and that cryptocurrencies are independent of any government, the commissions that are They pay is for the exchanges, but do not worry if they are going to pass cryptocurrencies to money from a country with such and do not exceed the established limits, they will not have any problem with any country or bank, but if this limit exceeds they will have problems since the Organizations have to know where it came from and by these means they will have to pay taxes to the countries.

[abohasnn9 2401]

My friend, this is in fact one of the types of earning from cryptocurrencies and this is called trading. We buy a currency when it is low and sell when it rises in return. We get some profit in return for that and we benefit from the increase of our capital Thank you

[DC71 169]

It is depends on your country rules and regulation about cryptocurrency related earning. It is a good thing if cryptocurrency is regulated in any country and they will get taxes on cryptocurrency earning. We must pay taxes on cryptocurrency income as a good citizen of country

[Harbeeboullah 428]

The reason for every investment or trading is to earn profit nothing will happen rather be happy when you sell your coin to earn profit and that is the major reason why we are into the trading business 

[Russel 017 506]

Profit is expected by all types of members. It is very good news when we sells our crypto.It is very good news for us that the price of cryptocurrency is increasing gradually. 

[M.Asif 499]

In my views when  you sell you coins with profit after long time you can withdraw your money through relevant bank which charges same fees.

You can withdraw in as much as you want. As it's good to do trading in crypto world having very unique services for its users. Because if its these features it gaining in global world and became a cerious threat to local currency to replace by crypto.