Cryptocurrency Q&A

DavidJohnson Sat Mar 30 2024 | 6 answers 1410

Excuse me, I'm quite interested in the cryptocurrency market, especially Bitcoin. Could you tell me approximately how many Koreans own Bitcoin? I understand that the ownership of cryptocurrencies can be quite distributed and difficult to pinpoint exactly, but I'm just curious about the general trend in Korea. Also, do you have any insights on why Koreans might be attracted to Bitcoin or other cryptocurrencies? Thank you for your time.

Arianna Sat Mar 30 2024 | 0 answers 0

Good afternoon, I'm interested in cryptocurrency and am exploring different exchange platforms. One platform that has caught my eye is Coinbase. However, I'm based in Korea and am uncertain about the legality of using it here. Could you please clarify if Coinbase is allowed in Korea? If so, are there any specific regulations or restrictions that I should be aware of? Thank you for your time and assistance.

KimonoElegantGlitter Sat Mar 30 2024 | 8 answers 1698

I'm a UK-based crypto investor, and I'm really confused about how to handle taxes on my crypto transactions. Could you please explain the process to me? I understand that crypto is taxed differently from traditional investments, but I'm not sure exactly how it works. Do I need to keep track of every single transaction, or is there a simpler way to calculate my taxable income? Also, are there any specific tools or software that you recommend for tracking crypto taxes? I'm just looking for some guidance to help me navigate this complex tax landscape.

GinsengBoostPowerBoostVitality Sat Mar 30 2024 | 7 answers 1972

I've been hearing a lot about cryptocurrencies lately, and I'm curious if they have any impact on mortgages. Do banks consider crypto assets when assessing someone's mortgage eligibility? If I hold a significant amount of crypto, could that potentially increase my chances of getting a better mortgage deal? Or, on the other hand, could it pose a risk and make it harder for me to secure a mortgage? I'm just trying to understand how this new digital asset class fits into the traditional financial system, especially when it comes to major financial decisions like taking out a mortgage. Any insights would be greatly appreciated.

CryptoEmpire Sat Mar 30 2024 | 6 answers 1245

Excuse me, I'm considering relocating to either Japan or Korea and am trying to decide which country would be more financially feasible for me. Could you possibly offer some insights into the cost of living in both places? I'm particularly interested in knowing about the average rent, cost of groceries, public transportation fares, and any other significant expenses that I should be aware of. I understand that prices can vary depending on the city or region, so a general overview would be greatly appreciated. Thank you for your time and assistance.