GeishaCharm
Sat Mar 30 2024
|
7 answers
2182
How much does Coinbase charge to cash out UK?
Could you please advise me on the cost of withdrawing funds from Coinbase in the UK? I'm considering making a cashout, but I'd like to understand the associated fees first. Is there a fixed amount or is it based on the amount being withdrawn? Additionally, are there any other charges or considerations I should be aware of? Thank you for your assistance.
Martina
Sat Mar 30 2024
|
7 answers
1356
Do you only pay tax on crypto when you cash out UK?
I'm a bit confused about the tax rules surrounding cryptocurrencies in the UK. Do I only have to pay tax on my crypto assets when I cash them out or convert them into fiat currency? Or am I taxed on the value of my crypto holdings every year, regardless of whether I sell them? Also, how does the UK government determine the taxable value of crypto assets, given that their value can fluctuate wildly? And what about trading crypto for other crypto assets - does that trigger a tax liability? I'd appreciate it if you could clear up these points for me.
