Quote: (07-23-2017 06:59 PM)Bill Brasky Wrote:
Quote: (07-23-2017 05:15 PM)RatInTheWoods Wrote:
I want to buy bitcoin, but don't see the point if I have to link it to my bank account and give over tons of personal info. Coinbase want all personal details.
If there any way to buy and hold bitcoins easily without identifying yourself?
Yes. Set up a BTC wallet and buy with cash. Go to localbitcoins.com
I don't have a ton of experience doing this however for people trying to dodge taxes your going to be paying possibly upwards of 20% to 30% over spot rate to buy this way so are you really getting ahead of taxes by doing so? FYI if your holding long term capital gains taxes are only 15%.
Buying isn't a taxable event so not sure why everyone is so scared to buy. It's selling you have to worry about if that's your end game is avoiding taxes.