I’ve actually been using Bitcoin for deposit and withdrawal on ACR lately. And I have a couple thoughts on it. The first thing I’ve noticed is it is actually an easier and quicker payout option, but it does have drawbacks. For one every time you put money in your Bitcoin wallet and then use it for deposit it files it as a transaction that you can be taxed for. Then again when you withdraw using it. So I’d just warn to be careful if your worried about being taxed.
Hi.
For me, the main thing is the availability and speed of withdrawal of money. I do not care what method it will be, the main thing is that the money was in my wallet, quickly and with minimal commission.
Good luck.
Never use bitcoins, in my case just pains. But anyway I am analyzing it, maybe it is in my interest to save in bitcoin, but of course, I do not know the commissions and details to know if it is more convenient or not.
For me, it makes no difference what my winnings will be paid to me, the main thing is that they can be easily cashed out. And most importantly, you need to be profitable, just be in the black.
Elon Musk himself recognized Bitcoin as a means of payment. They say it's not a pyramid. Therefore, I plan to open an account in the near future. I consider it a profitable investment of a small amount of money. Therefore, I would withdraw money to bitcoin.
It's actually a taxable transaction? I did not know that. Could you elaborate because I am a newbie with Bitcoin and taxes to be completely honest. Thanks
Different sites have different withdrawal options, but if there is a cryptocurrency withdrawal method available, I use this method without hesitation. It's fast and safe.