Questions tagged [coinbase]

Giuseppe Fri Mar 29 2024 | 5 answers 881

Hello, I am not a US citizen but I am interested in cryptocurrencies. I have heard that Coinbase is a popular platform for trading and storing cryptocurrencies, but I am not sure if I can use it. Can you please clarify if non-US citizens can use Coinbase? If so, are there any special requirements or restrictions that I should be aware of? Thank you for your help!

TaegeukWarrior Fri Mar 29 2024 | 6 answers 955

Good day, I am a taxpayer and I am quite curious about one matter. I understand that Coinbase is a leading platform for cryptocurrency transactions, and given the recent surge in popularity of these digital assets, I am wondering if Coinbase reports its transactions to the Internal Revenue Service (IRS). If so, what kind of information do they disclose, and how does this process work? I am asking out of pure curiosity and to ensure my own compliance with tax regulations. Thank you for your time and assistance.

GangnamGlamour Fri Mar 29 2024 | 6 answers 1417

I'm a bit confused about the relationship between HMRC and Coinbase. I've heard that HMRC can see my Coinbase transactions, is that true? If so, how does it work? And what information do they actually have access to? I'm asking because I'm considering investing in cryptocurrencies, but I'm worried about tax implications and privacy concerns. Could you please clarify this for me? Thank you.

IncheonBeauty Fri Mar 29 2024 | 7 answers 1546

I'm a Canadian crypto investor and I've been using Coinbase for a while now. But recently, I've heard some rumors that Coinbase might not be available in Canada anymore. Is that true? Can Canadians still use Coinbase to buy and sell cryptocurrencies? If not, are there any other reliable platforms that we can use? I'm really worried about this because I don't want to lose access to my crypto assets. Can you please clarify this for me?

Ilaria Fri Mar 29 2024 | 5 answers 767

I'm new to the world of cryptocurrencies and am considering opening an account with either Coinbase or Kraken. However, I'm a bit concerned about the safety of my investments. Given that the crypto market is known for its volatility and hacking risks, I'm wondering which platform is safer: Coinbase or Kraken? I've read some reviews online, but it seems like both platforms have their pros and cons. Coinbase is more popular and user-friendly, but some people have complained about its customer service and security issues. On the other hand, Kraken offers more advanced trading options and lower fees, but I've also heard about some security breaches in the past. So, my question is: which platform do you recommend for a beginner like me who wants to invest safely in cryptocurrencies? Is there anything else I should consider before making a decision? Thank you for your help!