Your crypto compass 🧭 Insights, news & infographics - daily | 150K+ community
Collabs & Promos 👉
Joined December 2020
- Tweets4.9K
- Following362
- Followers480
- Likes4.8K
Crypto Relevant retweeted
How to reduce taxes using crypto
(Bookmark this)
1. Non-custodial crypto payments
- Money goes wallet → wallet
- No bank involved
You decide when and how to report.
Popular apps:
BTCPay Server
- Self-hosted
- No KYC
- 0% platform fees
Blockonomics
- Bitcoin only
- Direct to your wallet
- Simple for online shops
CoinRemitter
- Supports BTC, ETH, USDT, and more
- No KYC
- Auto-withdraw to your wallet
2. Lightning Network (offchain Bitcoin)
- Payments happen outside the main blockchain
- No public payment history per transaction
- Very fast and cheap
- Hard to trace individual payments
Used for:
- Freelancers
- Online services
- Small daily payments
3. Privacy coins (onchain privacy)
- Transactions don’t show sender
- Don’t show receiver
- Don’t show amount
Main ones
- Monero (XMR)
- Zcash (ZEC)
4. Self-hosted = no third-party reporting
- No company collecting your data
- No automatic 1099 forms
- No exchange reporting your activity
But:
- You still own the legal responsibility
- You keep your own records
5. Countries where crypto taxes are low or zero
No capital gains tax on crypto
🇦🇪 UAE
🇶🇦 Qatar
🇧🇭 Bahrain
🇸🇬 Singapore (if not trading as a business)
🇵🇦 Panama (foreign-sourced income)
Crypto friendly / low taxes
🇨🇭 Switzerland (private investors)
🇵🇹 Portugal (long-term holders)
🇨🇿 Czech Republic (long-term exemptions)
6. What usually does NOT trigger taxes
- Receiving crypto as payment
- Holding crypto
- Paying someone in crypto
- Moving crypto between your own wallets
Taxes usually trigger when:
- You sell crypto for fiat
- You run a registered business
- You are legally required to report
7. Common mistakes people make
- Thinking “no KYC” means illegal
- Thinking privacy = tax fraud
- Using exchanges when they don’t need to
- Not understanding their country’s rules
Use crypto smart and live in the right place.
Don't Transact on Crypto Platforms Until You Check These 7 Things
1. Proof of Reserves
2. Isolated User Funds
3. Cold Storage Majority
4. Local Regulatory Licensing
5. Dedicated Insurance Funds
6. Transparent Fee Structures
7. Multi-Factor User Controls
8. Reliable Fiat Off-Ramps
35
You are bleeding money every time you buy Bitcoin and it depends entirely on where you live.
We tracked the absolute bottom-line cost to onboard $1,000 into crypto across major global economies. The results prove that "zero-fee" marketing is a complete illusion.
38
Crypto Relevant retweeted
NEW: @BitMartExchange is facing growing pressure from users and employees over reported frozen withdrawals and unpaid salaries.
The group is demanding Sheldon Lee and Yi Li disclose BitMart’s reserves and provide a concrete repayment plan by August 19.
Government: Bitcoin is a scam. Meanwhile, their currencies approx devaluation since 2016 against the $USD
Iran: 95%
Argentina: 90%
Turkey: 85%
Nigeria: 75%
Egypt: 65%
India: 23%
Like and share to wake up your feed!
63
@StanChart
Asset Focus: Bonds, equities, RE (Real Estate), commodities, trade finance
Forecast (By 2030–2034): $30.1T
Save this post and send this to a friend who needs to see where the smart money is heading.
9
