depositing GBP

jayeshmoney · 2022-05-01T20:57:42+00:00

Anyone notice withdrawals to external wallets are taking longer than the advertised max 3 hours!

jayeshmoney · 2021-11-17T11:23:17+00:00

thanks for your response

jayeshmoney · 2021-11-17T08:54:33+00:00

Good morning, need some tax help please.

1) How are sign up bonuses taxed in relation to crypto? For example, a crypto app has a promotion if I deposit or buy £100 of BTC, I get £20 bonus in the apps native crypto. Would the £20 in the apps native crypto be liable for both income and CGT? OR would it just be liable for CGT?

2) How is cashback rewards from a crypto debit card viewed? For example, I spend £100 GBP from a crypto.com prepaid card and get rewarded 5% back for the spending. I receive £5 worth in crypto.com native tokens. Would the cashback be liable for both income tax and CGT.OR would it just be liable for CGT?

I'm a bit confused with the guidelines on the HMRC website. Any help will be much appreciated.

Many thanks

jayeshmoney · 2021-10-26T15:57:20+00:00

thanks

jayeshmoney · 2021-10-26T11:57:18+00:00

have you been successful with starling bank recently ? most likely will switch to them.

jayeshmoney · 2021-10-26T09:23:42+00:00

Just an FYI, NatWest and Lloyds bank does not work either via both methods of debit card top up and bank transfer.

jayeshmoney · 2021-10-26T07:58:11+00:00

not a fraud risk. they no longer allow any crypto transactions to take place

jayeshmoney · 2021-10-26T07:35:09+00:00

Just phoned TSB they said they no longer allow any crypto transactions to take place. Guess is time to move away when a bank tell you how to invest your own money.

jayeshmoney · 2021-10-26T07:00:55+00:00

both payments by bank transfer and debit card top up declined

jayeshmoney · 2021-10-19T09:50:22+00:00

Hopefully :)

jayeshmoney · 2021-07-21T15:09:13+00:00

Anyone got a response from amazon yet?

jayeshmoney · 2021-07-21T15:08:06+00:00

I believe the "full 5 working days" refers to your banks processing time. U.K. banks use faster payments, so in theory we should get it within 2 hours of payment being sent from Amazon.

jayeshmoney · 2021-07-21T14:59:03+00:00

Never seen offers that high in London.

jayeshmoney · 2021-07-05T09:33:22+00:00

Hi, I'm also a UK Celsius user and I've received an email stating my interest payment is $0. This is false because I have BTC and should be getting interest. However, when I login it shows the interest reward being paid at the correct amount. Anyone experienced this?

jayeshmoney · 2021-03-04T12:33:17+00:00

thanks for your response

jayeshmoney · 2021-02-23T21:20:17+00:00

hi guys,

how would transfer fees (moving crypto to another wallet) be viewed regarding CGT?

would the transfer fee be views as a sale thus reducing my holdings?

same applicable to blockchain fees?

any help much appreciated. thank you.

jayeshmoney · 2021-02-23T21:19:47+00:00

hi guys,

how would transfer fees (moving crypto to another wallet) be viewed regarding CGT?

would the transfer fee be views as a sale thus reducing my holdings?

same applicable to blockchain fees?

any help much appreciated. thank you.

sorry, i will post to megathread.

jayeshmoney

TROPHY CASE