Cryptocurrency and Like-Kind Exchange
In general, one might want to assume the rules of “like-kind property” or “like-kind 1031 exchange” do not apply to cryptocurrency.
A section on cryptocurrency investing and trading tips and tricks designed for novices, but with insights anyone can enjoy.
For informational and educational purposes only.
In general, one might want to assume the rules of “like-kind property” or “like-kind 1031 exchange” do not apply to cryptocurrency.
To invest in Bitcoin, use an exchange like Coinbase, a service like PayPal, Cash App, or Robinhood, or buy a stock that holds Bitcoin like GBTC.
We explain what an Initial Coin Offering (ICO) is and how to buy into an ICO. To get started you’ll need a cryptocurrency wallet and some cryptocurrency.
The Bitcoin Investment Trust (GBTC) is the only choice for investors to trade Bitcoin on the stock market, and for this investors tend to pay a premium.
We explain how to trade cryptocurrency for beginners. To start trading cryptocurrency you need to choose a cryptocurrency wallet and an exchange to trade on.
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