Exchanges are when you trade crypto for crypto, buy crypto with fiat or sell crypto for fiat. Trading crypto is taxed depending on your location, while buying crypto is never taxed and selling crypto is always taxed .
Read moreIs it legal to use Binance in the US?
In 2019, Binance was banned in the United States on regulatory grounds and is no longer accessible for U.S. citizens. In response, Binance partnered with a U.S. branch called Binance.US, which the company says is a separate exchange. Binance.US is legal, but it is not available in all U.S. states .28 Şub 2022
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