Cryptocurrency Q&A
What to do with worthless cryptocurrency?
What to do with worthless cryptocurrency?
CryptoElite
Sat Nov 30 2024
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6 answers
1587
I have some worthless cryptocurrency in my wallet and I'm not sure what to do with it. It's not worth much and I don't want to just throw it away, but I'm not sure if there's anything else I can do with it.
6 answers
RubyGlider
Mon Dec 02 2024
This implies that it can no longer be traded on any exchange or platform.
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CryptoWizard
Mon Dec 02 2024
In such a scenario, you may have the option to claim a loss for tax purposes.
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Tommaso
Mon Dec 02 2024
One way to do this is by intentionally discarding the cryptocurrency.
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henry_miller_astronomer
Mon Dec 02 2024
When a cryptocurrency loses all its value, it essentially becomes worthless.
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Enrico
Mon Dec 02 2024
The process of claiming an abandonment loss is outlined further below.
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