RE: Transfer STEEM BACKED DOLLARS (SBD) to BitShares (BTS) using BLOCKTRADES!

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Transfer STEEM BACKED DOLLARS (SBD) to BitShares (BTS) using BLOCKTRADES!

in bitshares •  7 years ago  (edited)

as far as i have read so far as long as its a 'like-kind' exchange or transfer it won't be taxed, ie. bitcoin wallet to bitcoin wallet, but when it trades to a different coin and has gain its taxable, i dont know if theres an alternative, but instead of trading and sitting on a coin i plan on letting what i mine grow and then putting the results back into cloud mining so it has more power until its mining power is significant enough and then instead of trading for a different coin, simply put it on that specific coins visa card via a service called ubiq(? i guess, i need to research more been a while). (but its like a bitpay visa but for xmr is the gist of it. ) most of what i figured out with the above plan i made was guess work on my own without any other person or FAQ. hope it works out for me. still unsure about what to do with my steem + SBD after jan 1st, but i want to learn more about bitshares for sure now after reading these comments and this info up above.

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