Avoiding Bitmex fees by trading Bitcoin to Litecoin
I have about $200 in Bitcoin on Bitmex and want to cash out but the fees are way too high. Can I trade the Bitcoin for Litecoin, and then send the Litecoin to a wallet on a website that will let me cash out for only a small fee? What website / wallet could I use for this? Is this a good idea?
What Site do you Use for Trading Bitcoin to Litecoin?
I scoured Reddit hoping there was some kind of discussion about this but sadly I couldn't find one. Currently the 2 Litecoin mining sites I have used benchmarked their prices to https://btc-e.com/exchange/ltc_btc but I don't know how much I trust it. Are there any reliable sites anyone has used?
I have a question about selling Litecoin not purchased from exchanges like Coinbase, Kraken, etc...
Before Coinbase and other exchanges started to sell litecoin, I got them from trading bitcoin to litecoin on exchanges like bittrex several months ago. So can I sell them on coinbase or other exchanges? If yes do I need to provide history in case if I get audited one day from IRS. Another question I would like to ask. Say for example now Litecoin Local becomes a thing now similar to bitcoin local. If I buy them from there and than try to sell it on an exchange, how will I provide information on the value of the coins or do I just pay income tax since there is no proof.
Found some info on the new tax laws affecting crypto that I thought I'll share. Starting yesterday all trades or transactions regarding cryptocurrency are now taxable events. for example: trading bitcoin to litecoin or vise versa, cashing out, sending X amount of bitcoin to a different exchange, sending it to a cold storage, etc The IRS has decided to treat bitcoin as well as the other cryptos as property rather than currency. Capital Gains tax applies meaning you get taxed differently if you hold on to your assets for over a year(making it a long term gain) or if its under a year(making it a short term one) And lastly losses can be deducted up to $3000 a year. There is more infomation out there but I recommend you do your own research and or consultant your CPA
CoinEx Token (CET) has more trade volume than Litecoin (LTC) and Ripple (XRP). I think CET should be added to markets.bitcoin.com (Satoshi Pulse). It would help give additional exposure to CoinEx, the BCH-based exchange.
Bitcoin Cash and Litecoin bring to six the number of digital currencies that can be bought as stocks. Farmers are selling soybeans two years in advance in rare trade. Tech. Apple judge weighs Litecoin trading hours. You can trade Litecoin CFDs on Capital.com 24/7.. How to trade Litecoin CFDs. An individual has two options when trading in the cryptocurrency market. Firstly, they can buy actual cryptocurrency on exchanges, such as buying Litecoin on an exchange like Bitfinex, so they own the Litecoin themselves. This is considered a long-term investment, as the individual is waiting Trade on bitcoin, ether, ripple and litecoin pairs; Speculate on markets that are both rising and falling; Trade now . Related articles in . Related articles. Best markets to trade in 2019. Bitcoin price momentum starts to build ahead of halving. Will the bitcoin price break resistance to bring wider crypto resurgence? Litecoin has established itself as the leading competitor to Bitcoin, and now you can trade this exciting digital currency with AvaTrade. When you trade Litecoin CFDs with AvaTrade you can trade long or short (buy or sell) instantly, so you can act on your analysis whether you’re optimistic or cynical about the future of digital currencies. Litecoin Is On the Verge of Outperforming Bitcoin: Analysts A founder of crypto exchange Level and a digital asset trader thinks that Litecoin is poised to surge upwards of 175% against Bitcoin. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise!
PrimeBit.com Fair Way to Trade Crypto. A game-changing exchange using an unmatched Fair Pricing model. Trade Bitcoin, Ethereum and Litecoin with up to 200x l... Day Trading Bitcoin Explained And Visualized - Duration: 20:31. ... Day Trading Litecoin ( LTC ) Off A Simple Pattern 10% GAIN IN 1 HOUR - Duration: 7:02. Vin Ferretti 996 views. Discover The Best Platform to trade Bitcoin and other cryptocurrency successfully in 2020. This video explains how to trade bitcoin, btc, Litecoin, ethereum other cryptocurrency successfully. How to Trade / Buy / Sell on Poloniex with Ethereum or Bitcoin: https://youtu.be/x06tc4U5RTw How to buy Bitcoin / Ethereum / Litecoin on Coinbase.com: http... https://bitvalex.com/trade/over-the-counter-trade-otc The Bitvalex OTC trading desk can arrange the purchase or sale of large volumes of Bitcoin, Litecoin, B...