Author

Topic: Is this legal? (btc -> bitgild) (Read 1834 times)

mkc
hero member
Activity: 517
Merit: 501
February 09, 2016, 02:38:24 AM
#3
Should be completely legal. They want your ID for records. You'll still have to pay tax and report it to the IRS or whatever equivelant for your country, but otherwise this is completely legal.

If you can money, you can report capital gain; should you lost money on it, I am wondering if report capital loss, will IRS audit you, maybe just they are curious...
hero member
Activity: 672
Merit: 500
January 16, 2016, 07:50:29 AM
#2
Should be completely legal. They want your ID for records. You'll still have to pay tax and report it to the IRS or whatever equivelant for your country, but otherwise this is completely legal.
full member
Activity: 196
Merit: 100
January 14, 2016, 10:49:11 PM
#1
Hello,
what if I buy gold with bitcoin from the site bitgild.com Is this transaction anonymous? I know they have your ID and stuff.
After that I have a nice bar of gold wich I will sell to my local goldstore wich pays in cash he also asking for my ID (why?).

So i'm now trading bitcoin to cash anonymously?
Is there a catch?
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