Comment · Wed, February 21, 2018
Paying without crypto
Original post in this thread
sigmatic787 · 5 points
Will there soon be an option to pay with crypto currencies? They are not only volatile but it can be problematic to go through a f@ckton of requirements/verifications with sites like Coinbas to get started. I used to simply pay with Visa
What they were answering
PartySunday · 2 points
That's rough. I don't even know where or how I would get SEMAX without you guys.
Without NA-SEMAX I really can't perform nearly as well. That stuff is a godsend.
Is the problem that crypto is taxed as capital gains?
Do you think a future plan might be having ceretropic only carry products which banks won't deal with and remaining crypto only while moving the rest to ND?
u/MisterYouAreSoDumb
Is the problem that crypto is taxed as capital gains?
No, taxes are not an issue. We pay tax on the value at time of sale regardless of what type of payment it is. Business revenue is taxed as a realized gain at the time of sale. Capital gains only comes into play once you sell the crypto for fiat later; if you do at all.
Do you think a future plan might be having ceretropic only carry products which banks won't deal with and remaining crypto only while moving the rest to ND?
In a limited respect, yes.