The 21-BTC Club

How to start

Bitcoin is becoming more and more popular, the price is rising and the crypto currency has become indispensable in the media. Although Bitcoin is losing more and more of its bad image of days gone by, it is still difficult for beginners in particular to deal with the digital currency.

Hardware wallet In order to safely store, send and receive bitcoins, a separate bitcoin wallet is required. The wallet is equivalent to a digital purse with its own account number and a secret key. The safest method is a hardware wallet. Taxation and regulation Bitcoin is not an official currency but is subject to income, wage, turnover and capital gains taxes on Bitcoin profits. It is the responsibility of each individual to declare these correctly and pay accordingly. Profits generated by an investment in Bitcoin are currently tax-free after one year. To prove this, it is necessary to prove your purchases and sales. There is good software to track your trade and report it to the tax office. Reputable Exchanges Bitcoin, similar to US dollars or euros, can be exchanged on stock exchanges, with exchange providers, but also with other users. Since there are now countless providers, marketplaces and traders, we have tested some and introduced the best providers.