How to Pay With Cryptocurrency
One of the primary reasons cryptocurrencies were developed was to be used as anonymous payments. This reason is often lost in the hype by media outlets and the financial sector, which are focused on gains, losses, and price fluctuations. Prices are important, but it is more important to know how to pay with cryptocurrency if you’re considering using it, as is understanding the taxes triggered when you do.
Here’s how and where you can pay with crypto and the tax implications when you use it.
Key Takeaways
- You can buy cryptocurrency with fiat money on cryptocurrency exchanges or apps.
- You send and receive payments using a cryptocurrency wallet.
- You can use any wallet compatible with the cryptocurrency and exchange you choose.
- A growing…
