The Coinbase Conundrum: Providing Accurate Tax Information to Users
▻https://hackernoon.com/why-coinbase-cant-provide-accurate-tax-information-to-millions-of-its-us
Coinbase has grown to be one of the largest and most prominently used #cryptocurrency exchanges in the world. As of this writing, Coinbase boasts more than 25 million users on its platform. As impressive as this stat is, it comes as a bit of a shock that when it comes to Coinbase #taxes, the exchange is unable to provide accurate documentation to millions of its users. This article breaks down why Coinbase taxes are so problematic and offers a solution to the problem.Cryptocurrency ExchangesCryptocurrency exchanges like Coinbase make it easy for everyday consumers to buy and sell cryptocurrencies. By nature of the technology that these exchanges operate on (blockchain), users are able to send #bitcoin and other cryptocurrencies to wallet addresses outside of their own network. An example (...)