In the vast, ever-evolving ecosystem of cryptocurrencies, a myriad of coins and tokens exist, each with its unique selling propositions. Two dominant players that have carved significant niches for themselves are Bitcoin (BTC) and Binance Coin (BNB). Bitcoin, the pioneering cryptocurrency, needs little introduction. Meanwhile, Binance Coin, the native token of the Binance platform, has…
You have to report cryptocurrency as income and pay taxes on it when you sell it or use it for transactions. The U.S. dollar is the general value of cryptocurrency, so you would need to convert your currency into dollars when completing these actions: buying, selling, mining, earning, or using it in some way. Here’s…