Share good ideas and conversation.   Login, Join Us, or Take a Tour!
comment by ButterflyEffect
ButterflyEffect  ·  491 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin Futures Start With a Bang as 26% Rally Triggers Halts

Here's a practical question: How do I even move from ETH to USD at this point? Shit's changed a lot since I first moved USD to ETH.

kleinbl00  ·  491 days ago  ·  link  ·  

As a Washington State resident your options are limited but not to the point where you can't do anything.

1) Go to Gemini

2) Create an account

3) Link your bank account

4) Hie thee to MyEtherWallet

5) Send Ether to yourself

6) Sell it on Gemini

7) Transfer the ca$$$$$$H MONEY to your bank account

8) Figure out if you owe capital gains since you had some money show up in a bank account

Almost nobody pays capital gains on cryptocurrency. If you go through an exchange that is regulated up the yinyang and into a bank account that is regulated up the yinyang, your likelihood of being the almost, rather than the nobody, increases.