Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/Balboniii on 2024-12-25 01:27:15.

Ok so hypothetically I onramp 10k to Coinbase

I buy 10k usdc and send it to an exchange like ByBit where I can trade derivatives

Lets say that 10k USDC becomes 100,000

Assuming I’m operating in good faith here and I’m literally paying taxes on all of those gains (not bullshitting or trying to be funny here), is Coinbase or Kraken going to flip shit and freeze me?

Like I’m genuinely concerned here, isn’t the point of all of this to have freedom to have control over your money and to be able to cash out and to pay yourself at the end of the day, I’m just in fear I’m going to get my shit frozen.

Any advice is appreciated