Quote from: Abiky on Today at 12:35:01 AM

Quote from: criptoevangelista on July 23, 2024, 10:37:24 AM

In this case, isn’t it better to keep your capital entirely in crypto? and if you want to exchange for dollars, use a crypto x crypto broker no kyc... Paying taxes is only one option when you are in the cryptocurrency ecosystem. It is interesting to use the decentralized financial system to our advantage, instead of exchanging for fiat and paying taxes every time.

Exactly. That's crypto's main selling point. You can use it (spend it) without being taxed. Assuming you don't cash out or sell to Fiat. It's like how the rich uses their shares (stocks) in a company to get loans on top of other ones. They avoid having to pay capital gains tax to the government. At least, this is the case in the US. I can't say the same about other countries.

To stay on the safe side, just gamble with privacy coins on a non-KYC casino or gambling site. I'm waiting for the day when decentralized gambling (Web3) takes over the world by storm. It would be truly revolutionary. Especially if it makes use of scaling techniques like L2s, ZKPs, and whatnot. You are free to gamble with any currency you want. Just be aware of the advantages/disadvantages of each before going all in.

You are right, look for and play on sites that do not require KYC Grin

. I prefer making deposits using crypto because it's easier and the prices are not flat, so when we make a profit, we may end up doubling our gains with the increase in the coin's price.