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The original was posted on /r/cryptocurrency by /u/binklfoot on 2023-12-20 21:50:52+00:00.

We all know that there are no definitive winner when it comes to CEX, not your keys not your cryptonite. However I believe that when it comes to the best CEX platforms we come to these two: Binance and Kraken, when less sus than the other.

Binance is huge.

Binance have a lot of cash reserves.

Binance offer more cryptocurrencies.

Binance offer more investment tools.

Binance offers more products and earnings methods.

Binance has Defi and Web3 integration.

Kraken is sleeker.

Kraken is more transparent.

Kraken has minimal misconduct track.

Kraken is prettier.

Kraken has better support (they got your back bro)

Kraken is more secure with multiple authentication keys for different functions.

Kraken has OTC. (Not that we’ll need it)

My preference is Binance, as they have better earning opportunities and more investment options.

Which of the two do you believe to offer the best CEX experience? And why?

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The original was posted on /r/cryptocurrency by /u/GabeSter on 2023-12-20 21:50:33+00:00.

Ever since Reddit Sunset the Community Point Program - it seems like Moons have been in stasis with the CC community waiting to find out what will happen to our favorite community token.

Despite that stasis the Crypto Market keeps moving forward and Moons are down ~84% against Bitcoin since they were listed on Kraken.

Of course that's understandable as Moons lost their brand backing when Reddit began to back out of Web 3.

However it's important to know that Moons were not successful just because of Reddits Brand Backing, instead Moons have a functioning Ecosystem with 2M, ~$250K (at current price) worth of Moons burned so far this year - and 1M, ~$125K being a direct result of Ecosystem utility (Banners/AMAs/etc..).

-------------------------------

Recap since Sunset

To Recap the last two months since Reddit sunset the Moons Program here is what has happened:

• Circulating Supply of Moons drops from 126M to 82.3M a 35% decrease as Reddit destroyed their biggest Moon Wallets.
• Reddit Burned the token contract making Moons a truly Decentralized Crypto, since no one controls the contract.
• CCMods announced that Governance is continuing through Snapshot.org with a number of future Governance Polls to be announced in the near future.
• Talks are ongoing about Distributions returning and what that would look like.

Per /u/jwinterm mods are taking their time to make sure they have everything set up to independently and legally continue implementing Moon distributions back into the CC sub.

-------------------------------

Pros/Cons of the State of Moons

Pros:

• Moons are Hard Capped at ~82.3M Moons with ~2M of those in a Dead wallet.
  • No new Moons can ever be minted, but we can continue to burn Moons.
• Since the supply is capped any Moons Burned for Ecosystem Utility (Banners/AMAs) make the token deflationary.
• Moons are still a governance token for the most popular Crypto Hub on the Internet.
• Distributions returning will bring a lot of attention back to the sub, as people love to participate and earn Crypto even if the ability to earn Moons is at a very reduced level.
• Moons developed a Functioning Ecosystem before sunset that can be continued moving forward, and that will really heat up in the next Bull Run.

Cons:

• Although Moons are independent and decentralized the ecosystem itself relies on CC moderators to continue.
  • Mods have repeatedly said they plan on continuing development of the Moon Ecosystem
• Although we're now Decentralized, no longer having Reddits brand backing may make some people hesitant to look at Moons.

Although we are still waiting on CC Moderators to continue rolling out and announcing updates regarding the future of Moons, I believe the future of our beloved token looks bright.

Fun Fact: Moons weren't a unique idea by Reddit - The concept of Social Fi was actually proposed by Vitalik Buterin /u/vbuterin back in 2012.

https://np.reddit.com/r/Bitcoin/comments/14w2wo/come_get_some_free_bitcoins/c7gztw3/?context=1

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The original was posted on /r/cryptocurrency by /u/cybercreature on 2023-12-20 20:52:54+00:00.

Hi all,

Every time I've sold some bitcoin, in order to work out the capital gains tax, I'm supposed to know how much I paid for that bitcoin. The problem is, say I sell 1 bitcoin on an exchange. What if I purchased parts of that bitcoin at various different times over several tax years at several different prices. And what if some of the bitcoin originally came to the exchange from my hardware wallet having been sat there for several years. In other words its really complicated! And I have lots of bitcoin sales like this.

My tax accountant suggests calculating the tax just by looking at how much money I sent to the exchange from my bank versus how much profit I sent back to my bank. It certainly simplifies things but I'm worried I may end up underpaying my tax.

I played around with coin trackers tax tool but it didn't seem to be giving accurate results(I may have not used it correctly, not sure)

How are other people handling their capital gains tax?

Many thanks.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-20 19:25:20+00:00.

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The original was posted on /r/cryptocurrency by /u/GabeSter on 2023-12-20 21:50:33+00:00.

Ever since Reddit Sunset the Community Point Program - it seems like Moons have been in stasis with the CC community waiting to find out what will happen to our favorite community token.

Despite that stasis the Crypto Market keeps moving forward and Moons are down ~84% against Bitcoin since they were listed on Kraken.

Of course that's understandable as Moons lost their brand backing when Reddit began to back out of Web 3.

However it's important to know that Moons were not successful just because of Reddits Brand Backing, instead Moons have a functioning Ecosystem with 2M, ~$250K (at current price) worth of Moons burned so far this year - and 1M, ~$125K being a direct result of Ecosystem utility (Banners/AMAs/etc..).

-------------------------------

Recap since Sunset

To Recap the last two months since Reddit sunset the Moons Program here is what has happened:

• Circulating Supply of Moons drops from 126M to 82.3M a 35% decrease as Reddit destroyed their biggest Moon Wallets.
• Reddit Burned the token contract making Moons a truly Decentralized Crypto, since no one controls the contract.
• CCMods announced that Governance is continuing through Snapshot.org with a number of future Governance Polls to be announced in the near future.
• Talks are ongoing about Distributions returning and what that would look like.

Per /u/jwinterm mods are taking their time to make sure they have everything set up to independently and legally continue implementing Moon distributions back into the CC sub.

-------------------------------

Pros/Cons of the State of Moons

Pros:

• Moons are Hard Capped at ~82.3M Moons with ~2M of those in a Dead wallet.
  • No new Moons can ever be minted, but we can continue to burn Moons.
• Since the supply is capped any Moons Burned for Ecosystem Utility (Banners/AMAs) make the token deflationary.
• Moons are still a governance token for the most popular Crypto Hub on the Internet.
• Distributions returning will bring a lot of attention back to the sub, as people love to participate and earn Crypto even if the ability to earn Moons is at a very reduced level.
• Moons developed a Functioning Ecosystem before sunset that can be continued moving forward, and that will really heat up in the next Bull Run.

Cons:

• Although Moons are independent and decentralized the ecosystem itself relies on CC moderators to continue.
  • Mods have repeatedly said they plan on continuing development of the Moon Ecosystem
• Although we're now Decentralized, no longer having Reddits brand backing may make some people hesitant to look at Moons.

Although we are still waiting on CC Moderators to continue rolling out and announcing updates regarding the future of Moons, I believe the future of our beloved token looks bright.

Fun Fact: Moons weren't a unique idea by Reddit - The concept of Social Fi was actually proposed by Vitalik Buterin /u/vbuterin back in 2012.

https://np.reddit.com/r/Bitcoin/comments/14w2wo/come_get_some_free_bitcoins/c7gztw3/?context=1

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The original was posted on /r/cryptocurrency by /u/cybercreature on 2023-12-20 20:52:54+00:00.

Hi all,

Every time I've sold some bitcoin, in order to work out the capital gains tax, I'm supposed to know how much I paid for that bitcoin. The problem is, say I sell 1 bitcoin on an exchange. What if I purchased parts of that bitcoin at various different times over several tax years at several different prices. And what if some of the bitcoin originally came to the exchange from my hardware wallet having been sat there for several years. In other words its really complicated! And I have lots of bitcoin sales like this.

My tax accountant suggests calculating the tax just by looking at how much money I sent to the exchange from my bank versus how much profit I sent back to my bank. It certainly simplifies things but I'm worried I may end up underpaying my tax.

I played around with coin trackers tax tool but it didn't seem to be giving accurate results(I may have not used it correctly, not sure)

How are other people handling their capital gains tax?

Many thanks.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Far-Conflict-9546 on 2023-12-20 18:56:31+00:00.

Where to long crypto in the USA?

For the last 7 years I’ve exclusively used coinbase to DCA into crypto. But I feel like I’m much more informed of actual projects and their value and I think I’m ready to test the waters with longing some projects. I live in the USA so I’m wondering what platforms I could use. Any advice would be greatly appreciated. I also use a VPN if that is something that is required, but I always assumed that if I used a foreign exchange then it would be impossible to withdraw my funds and actually get them back into my bank account. Any help would be appreciated. Thank you so much in advanced.

P.S. me asking this is probably a sign of the top lol.

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The original was posted on /r/cryptocurrency by /u/partymsl on 2023-12-20 18:54:45+00:00.

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The original was posted on /r/cryptocurrency by /u/Da_Notorious_HAM on 2023-12-20 17:25:48+00:00.

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The original was posted on /r/cryptocurrency by /u/wildcrab9 on 2023-12-20 17:18:40+00:00.

Hey all,

I'm not much into crypto myself anymore but found myself in a situation where some technical expertise is needed. A friend of mine and I used to do business using the Circle platform (known for USDC) to accept crypto and fiat payments.

This year we decided it wasn't bringing enough profits and closed it. To settle some invoices and taxes my friend wired me 2 ETH to my Circle account using their internal wallet address, which is created for each user with an account. After the transaction was settled on the blockchain, Circle came back to us saying that they only accepted USDC and something else in that wallet. We requested Circle to reverse the transaction and send the money back to us, to which they responded that their infrastructure is not designed for such things etc etc. Long story short, they keep giving me a runaround about the funds and I cannot get it.

Does it sound right to you? Can they really not access these funds in their wallet and send back to us? I feel like they are trying to keep the money

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The original was posted on /r/cryptocurrency by /u/Defiant-Branch4346 on 2023-12-20 17:29:10+00:00.

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The original was posted on /r/cryptocurrency by /u/Da_Notorious_HAM on 2023-12-20 17:25:48+00:00.

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The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2023-12-20 17:20:48+00:00.

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The original was posted on /r/cryptocurrency by /u/wildcrab9 on 2023-12-20 17:18:40+00:00.

Hey all,

I'm not much into crypto myself anymore but found myself in a situation where some technical expertise is needed. A friend of mine and I used to do business using the Circle platform (known for USDC) to accept crypto and fiat payments.

This year we decided it wasn't bringing enough profits and closed it. To settle some invoices and taxes my friend wired me 2 ETH to my Circle account using their internal wallet address, which is created for each user with an account. After the transaction was settled on the blockchain, Circle came back to us saying that they only accepted USDC and something else in that wallet. We requested Circle to reverse the transaction and send the money back to us, to which they responded that their infrastructure is not designed for such things etc etc. Long story short, they keep giving me a runaround about the funds and I cannot get it.

Does it sound right to you? Can they really not access these funds in their wallet and send back to us? I feel like they are trying to keep the money

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/LeCudder on 2023-12-20 17:00:06+00:00.

I created my account on MEXC about 3 weeks ago because I wanted a coin that was only available there.

10 days ago I was trading this shitcoin for only USD2000 and suddenly I got my advanced KYC account frozen for no freaking reason. BTW I'm not from the US or any restricted regions.

I've patiently waited 10 days for risk control to be removed after trying to get Help Desk to give me more information about the case but they only give generic BS answers "please be patient" "please wait" etc etc.

Today finally the 10 days risk control BS was over so I tried to access my funds but I still CANNOT.

I contacted the held desk and they say I'm still under risk control.

WTH is that crap? I've been into crypto since 2017 and I've never seen that kind of stuff.

Now I've had people contacting me on DMs with similar experience or even worse. Why nobody talks about this ? This is unacceptable. Mexc has to give people reasons for freezing your funds over large period of time. They cannot just simply do it and ask you to wait patiently.

I'm pretty pissed hopefully I don't have much money on it but I don't see why people consider this exchange reliable when they act like crappy platform like that.

I would advise anybody to stay away from that exchange or not allow much funds on it as they may do whatever the hell they want with it.

Please upvote and comment to spread awareness.

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The original was posted on /r/cryptocurrency by /u/Denagam on 2023-12-20 16:29:39+00:00.

I joined crypto in October ‘21, so I was a bit late to the party and could only enjoy lots of red candles after a month of fun. Due to the recent growth and dca-ing, I’m just in the green now, ready to gear up for the beloved altcoin season.

Just out of curiosity, what is your experience with previous altcoin seasons and what is your expectation for the upcoming one? We’re already in a lift, but I wonder if it would hit before the halving or that we’d have to wait to Q3/Q4 2024. I know we can’t predict the future, but I just wanted to ‘feel’ the sentiment here 😊

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The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-20 16:16:34+00:00.

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The original was posted on /r/cryptocurrency by /u/LeCudder on 2023-12-20 17:00:06+00:00.

I created my account on MEXC about 3 weeks ago because I wanted a coin that was only available there.

10 days ago I was trading this shitcoin for only USD2000 and suddenly I got my advanced KYC account frozen for no freaking reason. BTW I'm not from the US or any restricted regions.

I've patiently waited 10 days for risk control to be removed after trying to get Help Desk to give me more information about the case but they only give generic BS answers "please be patient" "please wait" etc etc.

Today finally the 10 days risk control BS was over so I tried to access my funds but I still CANNOT.

I contacted the held desk and they say I'm still under risk control.

WTH is that crap? I've been into crypto since 2017 and I've never seen that kind of stuff.

Now I've had people contacting me on DMs with similar experience or even worse. Why nobody talks about this ? This is unacceptable. Mexc has to give people reasons for freezing your funds over large period of time. They cannot just simply do it and ask you to wait patiently.

I'm pretty pissed hopefully I don't have much money on it but I don't see why people consider this exchange reliable when they act like crappy platform like that.

I would advise anybody to stay away from that exchange or not allow much funds on it as they may do whatever the hell they want with it.

Please upvote and comment to spread awareness.

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2023-12-20 15:02:53+00:00.

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The original was posted on /r/cryptocurrency by /u/Denagam on 2023-12-20 16:29:39+00:00.

I joined crypto in October ‘21, so I was a bit late to the party and could only enjoy lots of red candles after a month of fun. Due to the recent growth and dca-ing, I’m just in the green now, ready to gear up for the beloved altcoin season.

Just out of curiosity, what is your experience with previous altcoin seasons and what is your expectation for the upcoming one? We’re already in a lift, but I wonder if it would hit before the halving or that we’d have to wait to Q3/Q4 2024. I know we can’t predict the future, but I just wanted to ‘feel’ the sentiment here 😊

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The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-20 16:16:34+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-20 14:37:35+00:00.

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The original was posted on /r/cryptocurrency by /u/Most_Initial_8970 on 2023-12-20 14:01:00+00:00.

Have a small amount (<100USD) of LINK split between my wallet and a CEX from a couple of purchases made over the last 12 months as part of trying to diversify my stash.

Fees to transfer to my wallet late last year were nearly 10% of my total balance back then, fees to transfer from my wallet are now >25% of my total and fees from the exchange are nearly 50% of that balance.

Feel like every time I look into this there's been a spike in ERC-20 GAS fees.

Is there any chance these fees will come back down to low single figure numbers or is there no use in having small amounts of LINK if being able to move it round occasionally is a priority?

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The original was posted on /r/cryptocurrency by /u/OK_Renegade on 2023-12-20 13:50:37+00:00.

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The original was posted on /r/cryptocurrency by /u/Visual-Savings6626 on 2023-12-20 13:35:59+00:00.

Ledger has said that they are 100% focused on following up to last week’s security incident, making sure incidents like this are prevented in the future, and that the ecosystem remains safe.

They have focused on two things:

1. The Cure: Victims who had their assets stolen on Dec 14th, 2023 by the attacker together with angel drainer are made whole, including users who are not Ledger customers. That’s a great gesture and might help them in salvaging their reputation.
2. The Prevention: They’re working with the DApp ecosystem to allow only Clear Signing, and no longer allow Blind Signing with Ledger devices by June 2024. Clear Signing basically means you can see and verify exactly what you sign on a secure display.

TLDR; Ledger will refund ALL victims by the end of February, 2024. Mandatory Clear Signing for all Dapps using Ledger by June, 2024.

If you want to read about the Incident, please check out this post:

Here’s Ledger’s latest update on the incident:

If you’re a victim of this hack, please go to the below website to register your claim with Ledger: