thanks guys! i appreciate that!

thanks for you guys responses. so you would just simply recommend me to send bitcoin to biance directly?

oh, but charging 15 - 20USD fee for sending 50usd isnt expensive? thats unreasonably expensive for me

Hi, shall i transfer Litecoin instead of bitcoin from Coinbase to Binance and then use those Litecoin to trade for Bitcoin on Binance and then use the newly bought Bitcoin to trade with altcoins?  this way will enable me to get cheaper " sending" fees by Coinbase?

I came across some people saying that sending Bitcoin directly from Coinbase to their Binance would charge very expensive fee. but sending litecoin is much cheaper. is that true? some said they sent 50USD worth of bitcoin to Binance and Coinbase charged them 15 - 20USD of sending fee! come on, thats crazy. hope you guys are keen on helping me! and no i cannot use GDAX. it requested for my driver license or sign up as business which i dont have either other than my passport

to newin and yolucky

thansk for the replies. i have got a better understanding now. appreciate that

thank you so much. I am from Norway

do all the normal people have to know about the tax system? i am 100% ignorant about this kind of things. it can be really tricky for people like me to get into legal trouble for things like this. I don't wanna get into any trouble. so i wanna pay all the taxes that I am required to

capital gain is tax for the 100usd capital plus the 50usd profits?  if so, i could lose money selling at that price. its not even enough to cover the money i invested....

Hi, when bitcoin are realized from buying other altcoins. do i have to pay tax? for instance, I use one bitcoin on altcoins. i have the pay the "x"percentage for the flat value of one bitcoin?

also, by paying for the profits you made from bitcoins.. does it mean....if i spend 100usd on bitcoin...the value raised to 150USD. do i have to pay the tax for the 50usd profit. or is it including the capital 100usd? in total  "x" percentage of the 150usd?  sorry for my English. hope you are keen on helping me

yes i comprehended  it as if was an old law passed in 2013 until 2015  they amended it to " purchase  and SALE"  are now exempt from VAT. why they emphasize on " sale" it sounds really tricky. or maybe its just my English is too poor =)))
but . if you say so. i believe you.  thank you for the help

to my understanding, the government was also uncertain how to categorize bitcoin when it comes to taxation. so the law was kind of vague. serioulsy. im not too sure either. i  am just tempted to buy some since the coins been plunging  like crazy recently. hoping to make some money off it

ah ok. thank you so much. but people buy bitcoin because they dont want to pay tax? for real? i am a 100% noob on this. i started this like a week ago =)))
but it seems every one that is involved with bitcoin i came across are complaining about the tax from the bitcoin  profits they make. again. im still learning. thank you

oh on the contrary, because of the crazy high tax here which makes bitcoin impossible to survive here. so they passed the tax exempt law for bitcoin. which is really good news for us. but if SELLING ( for cash )  would also be tax exempt, that would sound too good to me. so i wonder if anyone can confirm it for me? i would be very grateful

hi, here's the source

https://www.regjeringen.no/no/aktuelt/bitcoin-er-unntatt-fra-merverdiavgift/id2538128/

it's real, the source is quoted from the official government website. I live in Norway but I am not Norwegian. and my English is really crappy. I hope if there  any Norwegian bitcoin owners or experts can help to enlighten me on how the law/tax works here with bitcoins.so that i don't have to hesitate this and that when dealing with bitcoins. Thanks

"The Norwegian government stated in February 2017 that they would not levy VAT on the purchase or sale of bitcoin.[135]"

Hi, hope you guys are keen on helping me.I got that information from Wikipedia.

By" sale " does it mean selling your bitcoin for money would not be taxed or no need to inform the tax offfice? That sounds too good to be true.... I know you don't need to pay VAT for buying Bitcoins in Norway which is excellent for Bitcoin buyers in Norway . But how do you define " sale"  selling and trading? anybody can help to explain it? Thanks in advance.