Dhiraj Nallapaneni is a Crypto Tax Writer at CoinLedger. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation.
Reviewed by:
David Kemmerer
Reviewed by:
David Kemmerer
Co-Founder & CEO
David Kemmerer is the Co-Founder and CEO of CoinLedger. David has been deeply involved with the cryptocurrency industry since 2017.
Our Editorial Standards:
Our content is designed to educate the 500,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More
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Frequently asked questions
Is it safe to buy crypto through Robinhood?
Robinhood is one of the most popular investment applications on the market. You can use Robinhood to safely buy cryptocurrencies like BTC and ETH.
Do you actually own crypto on Robinhood?
When you buy cryptocurrency on Robinhood, you have ownership of your coins. You can freely transfer your cryptocurrency to other exchanges and wallets.
Is Coinbase or Robinhood safer for crypto?
Coinbase is considered one of the safest options for cryptocurrency trading, with around 98% of customer funds stored offline in cold storage for protection in case of a potential hack.
What are the cons of Robinhood crypto?
Because Robinhood was first designed with stock trading in mind, the exchange offers less cryptocurrencies and less features than crypto-first platforms like Coinbase.
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Written by:
Dhiraj Nallapaneni
Crypto Tax Writer
Dhiraj Nallapaneni is a Crypto Tax Writer at CoinLedger. As an Economics degree holder from the University of California Santa Barbara, he’s well versed in topics like cryptocurrency markets and taxation.
This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.