The Exchange Review Part V: Personal Support and API
Further to our previous review of ten Bitcoin exchanges’ FAQ and language availability as part of a wider series, we now take a further look at the customer support on offer, as well as the exchanges’ API capabilities. Running a Bitcoin exchange can be unpredictable, with any problems leading to a high volume of queries through multiple channels which can be a challenge to deal with. Not so hot… Despite claiming to answer queries within one hour during business hours or within 12 hours otherwise, BTC-E is known for delayed responses as well as the poor quality of its English language....
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CoinTelegraph’s test series for exchanges continues with a report on using Bitstamp as an entry level user to see how its user experience matches its reputation. The test is part of a practical report following publication of our exchanges reviews series earlier this year. As Bitcoin becomes more and more appealing to mainstream consumers, it is likely that more will need to use an exchange in order to perform various transactions. As such, we wanted to see if the five leading exchanges from our review really are equipped to deliver a user experience which is easy and enjoyable to navigate....
An important consideration for anyone using cryptocurrencies is the ease of buying and selling them, while safe in the knowledge that the chosen exchange is reputable and trustworthy. Further to the first part of our review of ten exchanges, CoinTelegraph turns its attention to safety and the transaction process to give a slick overview of each one’s pros and cons. Cryptsy lands bottom of the ten exchanges under review both in terms of transacting and safety. Its slow loading and unstable interface among other issues have resulted in many user reports of deposits taking a suspiciously long....
The U.S. Securities and Exchange Commission (SEC) is setting up a dedicated office to review crypto-related filings. The securities regulator stressed the need to “provide greater and more specialized support” for crypto assets.
SEC’s Dedicated Crypto Office
The U.S. Securities and Exchange Commission (SEC) announced Friday its plan to establish two new offices to review filings. One is an “Office of Crypto Assets” and the other is an “Office of Industrial Applications and Services,” the regulator said, adding that it expects both....
This is the first part of a multi-part series that will discuss how to declare Bitcoin income and claim Bitcoin losses and expenses on US personal or business income tax returns. Skip to Part 2- Bitcoin as Ordinary Income. Skip to Part 3- Bitcoin as an Asset. What follows are my personal opinions and should not be construed as tax or accounting advice. As of the time of publication, the IRS has released no specific guidance as to how Bitcoin transactions should be declared. You should always consult a qualified tax accountant about your personal situation before taking a position on any....
This is the third part of a multi-part series that will discuss how to declare Bitcoin income on US personal or business income tax returns. What follows are my professional opinions and should not be construed as tax or accounting advice. Instead, the articles in this series should be used as the starting point for a discussion with your tax accountant about your personal situation. Back to Part 1- Preparing Your Records. Back to Part 2- Bitcoin As Ordinary Income. The IRS must answer two questions with regard to virtual currencies: what is their classification and when are gains or....