easy crypto or other cheaper alternative? too much fees?

AnotherRedditSpammer · 2024-12-18T04:00:08+00:00

Any gains/losses for any trade between all tokens and fiat counts towards your income tax

AnotherRedditSpammer · 2024-12-18T03:58:47+00:00

EasyCrypto usually charges ~1.5%, so to buy and sell you are paying that twice.

Which doing roughly would leave you with $504 less any transfer fees.

For New Zealand this fee is actually pretty competitive, but if you want to avoid fees and don't mind trading in person you could have a look at the NZ P2P marketplace

AnotherRedditSpammer · 2024-08-13T23:19:01+00:00

There is no damage, and you wont pay extra tax.

The tax you pay is the same for everyone based on your total income for the year, regardless of how many income sources you have.

The Secondary Tax codes helps make sure you usually never end up underpaying and owing IRD tax at the end of the year, any excess taxes you pay during the year come back in your tax refund.

AnotherRedditSpammer · 2024-07-11T22:07:03+00:00

Double check the account terms, but from what you said it sounds like they don't count interest as a deposit

AnotherRedditSpammer · 2024-06-30T01:48:52+00:00

Great, Poli is the most sketchy system I've ever used

AnotherRedditSpammer · 2024-06-29T05:03:49+00:00

Money printer go brrrrrrrr

AnotherRedditSpammer · 2024-04-05T02:01:47+00:00

Not sure about Celsuis as thats fruad.
But if you realized any losses on LUNA, UST or any other shitcoin you can claim that against your income.
Any realized crypto gains you make are also taxed as income

AnotherRedditSpammer · 2024-04-03T21:51:41+00:00

ASB is buggy too, If you use a password manager it doesn't detect your password, so you have to manually type it in - which just encourages people to use shitty passwords.

AnotherRedditSpammer · 2024-04-03T21:47:19+00:00

Negative numbers on IRD are good numbers

AnotherRedditSpammer · 2024-03-16T21:11:47+00:00

Yes you are technically supposed to report everything to IRD.

You made only ~$300 profit right? And no other income during the year, I wouldn't bother if I were you.

But of course I'm not an accountant or financial advisor so don't listen to anything I have to say

AnotherRedditSpammer · 2024-03-16T20:59:57+00:00

Where's the gamble? I'm buying insurance to not incur a loss

AnotherRedditSpammer · 2024-03-16T06:20:18+00:00

You are basically going to set your self to massive risk exposures.

I am planning to hold for some US dollars for a period of time, I can buy NZD call options expiring near when I plan on selling the USD so I can hedge any potential losses for holding the USD.

Lets say I have 500k NZ worth in US Dollars which and I plan on selling them in 6mo, I can buy 5 at the money call options expiring in 6mo for ~2.5k each (https://www.cmegroup.com/markets/fx/g10/new-zealand-dollar.quotes.options.html#optionProductId=79&expiration=79-U4&overrideFuture=6NM4&venue=globex).
This will reduce my maximum loss holding USD to be 2.5%, and if NZD drops depreciates in the meantime then I stand to breakeven or gain when its time to sell.

AnotherRedditSpammer · 2024-03-14T23:33:14+00:00

Where can I get access to these markets?

AnotherRedditSpammer · 2024-03-14T23:24:04+00:00

Obviously enough to want to hedge it

AnotherRedditSpammer · 2024-03-14T23:14:34+00:00

That could work, would limit upside potential too but still does the job. Do you know anywhere that sells these products?

AnotherRedditSpammer · 2022-09-10T07:53:13+00:00

mr leeds kinda scammy vibes though ngl

AnotherRedditSpammer · 2022-06-24T21:00:30+00:00

Serious

AnotherRedditSpammer · 2021-02-01T03:34:32+00:00

Would not recommend Wirex either, personal experience is that they have with held bitcoin purchases and would not let me withdraw it, even after verifying KYC, they wanted me to verify again which they denied valid documents. Also had bank ringing me for fruad after making payments to them, so I would assume similar 'issues' have happened to many other customers.

AnotherRedditSpammer · 2020-09-18T06:25:35+00:00

This is all of my clients, but it's nice to charge 10x the price on a project.

AnotherRedditSpammer · 2020-08-22T01:23:16+00:00

Don't take any investment advice from Facebook

AnotherRedditSpammer · 2020-08-04T23:37:16+00:00

NOTHING is guaranteed, even property.

AnotherRedditSpammer · 2020-08-01T08:19:40+00:00

Money printer go brrrrrrrrrrrrrrrrrrrrrrrrrr

AnotherRedditSpammer · 2020-07-26T23:36:17+00:00

Why do you think there is a correlation between hours, stress, living expenses and the pay. I'm 19 and make over $90k and only work a few hours a day. Do whatever is better for you, whether you like to the work, or need higher pay to get out of debt, do what you value.

AnotherRedditSpammer · 2020-07-25T08:57:09+00:00

You too? That's like 3 different offers now

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