Help a pleb

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Help a pleb Anonymous Wed Jul 22 14:50:31 2020 No.20590724 [Reply] [Original]

I'm pretty much financially illiterate when it comes to crypto and never invested into something in my life.
So let's say i want to buy Chainlink or something. I make my account on some platform, say coinbase. I link my bank account, buy some low, like at 6€, wait for it to reach 10€ (yes europoor here), can i just sell it and cash out to my bank account again, or paypal?
Is there anything else i need to watch out for apart from reporting my profits if they surpass the free amount set by law in my country (600€)
I don't have the capital to go big into it so i'd just do it for some bucks on the side.

>>	Anonymous Wed Jul 22 15:25:45 2020 No.20591884 File: 72 KB, 750x920, 1790436.jpg [View same] [iqdb] [saucenao] [google] No one?

>>	Anonymous Wed Jul 22 15:43:25 2020 No.20592445 >>20590724 yes, you have the right idea I don't know about European tax laws at all but in the US we pay a lower rate if we hold the investment longer than a year before a trade/sale

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