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How to receive bitcoin using coinbase
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Some customers of Square's Cash app have gotten a surprise in the past week. The app, which is used for payments between friends and is a competitor to Venmo, has also given them the option to buy or sell Bitcoin. A few rejoiced on Twitter.
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Therefore in the situation above, the bitcoin seller is liable to capital gains tax on the gain arising. As the current price of a bitcoin is approximately 4,500 that would lead to a capital gain of 4,495,000 (4,500,000 less 5,000) which after a capital gains.
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How to receive bitcoin using coinbase
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