Questions tagged [hold crypto]

DaeguDivaDanceQueenElegance Thu Sep 05 2024 | 6 answers 1492

I've been considering using Gemini to store my cryptocurrency holdings, but I'm a bit hesitant due to the risks associated with digital assets. Could you please elaborate on the safety measures Gemini has in place to protect user funds? How secure are their systems and what measures do they take to prevent hacking or theft? Additionally, what kind of insurance coverage do they offer for customer assets in case of any unexpected events? I'd appreciate any insight you can provide to help me make an informed decision.

SumoPower Sun Aug 11 2024 | 7 answers 1678

I'm curious to know more about the safety of holding cryptocurrency on Uphold. As a platform that allows users to buy, sell, and store various digital assets, I'm interested in understanding the measures they have in place to ensure the security of my funds. Can you provide some insight into their security protocols, such as encryption, multi-factor authentication, and insurance policies? Additionally, are there any known security breaches or concerns that have been reported about Uphold in the past? Understanding these factors will help me make an informed decision about whether to trust them with my cryptocurrency holdings.

EmmaWatson Fri Jun 21 2024 | 5 answers 1152

In the realm of cryptocurrency and finance, a common concern for investors is understanding the implications of capital gains taxes when dealing with digital assets. For those who are unfamiliar with the intricacies of taxation in this space, a crucial question arises: "How long do you have to hold crypto to avoid capital gains?" This inquiry touches on the core of tax planning for crypto enthusiasts, as it pertains to the length of time one should retain their digital currencies in order to potentially minimize or avoid taxable gains. It is a question that demands clarity, especially given the volatile nature of cryptocurrency markets and the constantly evolving tax regulations surrounding them.