It pretty much fall under the category of trading shares / assets.
Could be Capital gains Tax.
Could be income tax.
No way it is No Tax
Crypto currecy Arbitrage
- maletaja
- Pro
- Karma: -22
Post
Re: Crypto currecy Arbitrage
Its tax definately and im sure its all european countries. They take it as a stock trading. So be aware
- junoreactor
- Gaining experience
- Karma: 7
Post
Re: Crypto currecy Arbitrage
Big opportunities because we are still at the very beginning of cryptos.
Trading cryptos today is like arbing on sport odds ten years ago, or so...
Trading cryptos today is like arbing on sport odds ten years ago, or so...
- dealer wins
- Totally Pro
- Karma: 43
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Re: Crypto currecy Arbitrage
Im sure im just totally ignorant, but with the high spreads involved, and possible time delays in executing trades, coupled with transaction fees etc this seems really risky and difficult to do?
Never trust a goose!!!
- my_username
- Has experience
- Karma: -1
Post
Re: Crypto currecy Arbitrage
i said depends on a country
and for slovenia, this is untaxed
mining is taxed
but trading isn't
https://data.si/blog/2017/09/12/kriptovaluta-obdavcitev/
http://www.davkoplacevalci.com/davcni-klepet/prikaz/razsirjen/442812/trgovanje-eur---bitcoin-prijava-dohodka-davek-dohodnina
but, can't you just open a LLC company in Bosnia or Malta and trade with your corporate account? Similar to how Apple has HQ in Ireland ? i'm not an accountant but I bet there is at least a dozen ways to do this.
and for slovenia, this is untaxed
mining is taxed
but trading isn't
https://data.si/blog/2017/09/12/kriptovaluta-obdavcitev/
http://www.davkoplacevalci.com/davcni-klepet/prikaz/razsirjen/442812/trgovanje-eur---bitcoin-prijava-dohodka-davek-dohodnina
but, can't you just open a LLC company in Bosnia or Malta and trade with your corporate account? Similar to how Apple has HQ in Ireland ? i'm not an accountant but I bet there is at least a dozen ways to do this.
- maletaja
- Pro
- Karma: -22
Post
Re: Crypto currecy Arbitrage
Im sure there is lot of money made on cryptocurrency, but i dont know yet mayby until 20 years....
Im not talking about arbing, im talking making some business based on block chain
Im not talking about arbing, im talking making some business based on block chain
-
jo
Post
Re: Crypto currecy Arbitrage
If you want to do cryptocurrency arbitrage, you should register accounts on many exchanges.Further you should have balances on many cryptocurrency accounts. For example, you have accounts in 10 EXs and on 10 cryptocurrencies on each. So in total you should have money on 100 accounts.
- Arbfan
- Gaining experience
- Karma: -7
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Re: Crypto currecy Arbitrage
This looks interesting , it is working but i din't try it in real .
https://cryptocoincharts.info/arbitrage
https://cryptocoincharts.info/arbitrage
- barnstorm
- Has experience
- Karma: 3
Post
Re: Crypto currecy Arbitrage
Thanks for that. Interesting, as I wasn't sure how one would track Arb opportunities in Crypto.
The key is, how many Exchanges can you legally trade in as a U.S. Citizen or a Euro citizen, etc.? Then identifying the arb opportunities across all the coins and exchanges. Then how fast and how cheap can you move BTC from one Exchange to another. Trading fees and transfer fees are not bad at most Exchanges, so if the Arb is good enough, this can work. Will result in tax here in the U.S. as it is treated just like a stock trade, but that's not a deal breaker.
The key is, how many Exchanges can you legally trade in as a U.S. Citizen or a Euro citizen, etc.? Then identifying the arb opportunities across all the coins and exchanges. Then how fast and how cheap can you move BTC from one Exchange to another. Trading fees and transfer fees are not bad at most Exchanges, so if the Arb is good enough, this can work. Will result in tax here in the U.S. as it is treated just like a stock trade, but that's not a deal breaker.
- MrG
- Gaining experience
- Karma: 4
Post
Re: Crypto currecy Arbitrage
And what about the possibility of having a partner in another country where the price difference is huge.
Or even travelling to that country, spending a week doing transactions, buying the bitcoin cheap there and selling it immediately on exchange for much bigger price.
Lots of to do, but a very profitable outcome
Or even travelling to that country, spending a week doing transactions, buying the bitcoin cheap there and selling it immediately on exchange for much bigger price.
Lots of to do, but a very profitable outcome