Can you lose a lot of money with Bitcoin?
Could you please elaborate on the risks associated with investing in Bitcoin? Is it possible to lose significant sums of money through Bitcoin transactions? What factors contribute to such losses? How can investors mitigate these risks and protect their investments? Could you also provide some examples of scenarios where investors have lost a lot of money with Bitcoin? I'm keen to understand the potential downsides of investing in this volatile cryptocurrency.
Can I send USDT to any wallet?|. Ensure both wallets support the specific USDT blockchain network you are using (ERC-20, TRC-20, etc.). Yes, you can transfer Tether (USDT) from one wallet to another
Can I send USDT to any wallet without any restrictions? I'm just a bit concerned about the transfer process. Just to clarify, when I send USDT, do I need to make sure that both the sending and receiving wallets are compatible with the specific blockchain network I'm using, like ERC-20 or TRC-20? Also, is there anything else I should be aware of before proceeding with the transfer?
Can I withdraw 1 million from Binance?
Could you please clarify for me if it's possible to withdraw a sum of 1 million from Binance? I'm curious about the withdrawal limits they might have in place and whether such a large amount would require any special procedures or verification. Additionally, I'd like to know if there are any fees associated with withdrawing such a significant amount and how long the process typically takes. I'm trying to plan my finances accordingly, so your insights would be greatly appreciated.
Is crypto legal in Japan?|Is cryptocurrency legal in Japan? . The Payment Services Act defines crypto-assets as payment methods that are not denominated in fiat currency and can be used to pay unspecified persons. There are no restrictions on owning and investing in cryptocurrencies.Yes, cryptocurrencies are legal in Japan
Could you please elaborate on the legality of cryptocurrencies in Japan? It's my understanding that the Payment Services Act defines crypto-assets as payment methods that are not denominated in fiat currency and can be utilized for payments to unspecified individuals. However, I'm still unclear about whether there are any specific regulations or limitations on owning and investing in these digital assets. Could you clarify if cryptocurrencies are indeed legal in Japan, and if so, are there any particular rules or guidelines that investors should be aware of?
Does the ATO know about my crypto?|. In May 2024, the ATO announced it had requested both personal and transaction details on 1.2 million Australian cryptocurrency users from crypto exchanges in an effort to recover unpaid taxes. Yes, the ATO tracks crypto
Does the Australian Taxation Office (ATO) possess knowledge of my cryptocurrency holdings? Given that in May 2024, the ATO revealed its request for both personal information and transactional details pertaining to 1.2 million Australian cryptocurrency users from various crypto exchanges, aiming to recoup unpaid taxes, it stands to reason that they indeed monitor cryptocurrencies. So, am I correct in assuming that the ATO is indeed aware of individuals' crypto activities?