Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO]TradeBit - First mobile solutions for managing your cryptocurrencies!
by
l4s7re4lg4mer
on 21/02/2018, 13:40:43 UTC
No matter what kind of technology you develop you can't circumvent events that trigger taxes. It doesn't even make sense to say that any technology product helps to prevent taxes in a legal way. Whenever you purchase a sell a crypto you have to pay taxes no matter what in most countries of the world. How are you allegedly going to prevent taxation in a legal way?

We are not preventing taxes, but we want to minimize them. Also at the moment, you pay taxes only when you cash out, but not if you pay directly in crypto.

That is not true in most parts of the world. In almost every country paying with crypto is a taxable event (capital gains). And changing BTC into ETH is also a taxable event almost anywhere in the world. You should get familiar with that stuff before you build blockchain solutions Wink

I think you didn't catch the whole idea of the project.

We are building a platform for managing your cryptocurrencies.

1. Automated Portfolio tracking
2. Trading Signals and Portfolio insights
3. Coaching System
4. Trading via API
5. Exchange with top 200 support
6. Ranking system for cryptocurrencies
7. Universal wallet
8. 3rd party add-ons
9. One click FIAT /Crypto/Fiat conversion

So the feature "9" is where we want to allow our user's possibility to spend their cryptocurrencies directly from our wallet or exchange without any taxes coming from us. Now you have to use a lot of 3rd party software to get that done and you pay a lot of extra taxes. As I said before we are not going to avoid legal authorities taxes in any way, but we want to release our users from the extra taxation and fees they pay to third party companies for nothing.

Thanks
 

Thank you for the clarification. That makes a lot more sense than saying we want to help our customers to pay no taxes. The context you gave let's your claim appear much more reasonable Smiley

Yes, we are trying to solve many problems which are present at the moment when you are dealing with cryptocurrencies. Out team is moving ahead of roadmap so we are very happy with the progress we made. Also as of couple of days our IOS app is also available for download at the app store.

https://support.apple.com/library/content/dam/edam/applecare/images/en_US/mac_apps/itunes/ios11-app-store-3nav-icon.png