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.
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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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Key Takeaways
Crypto debit cards partner with credit card companies like Mastercard and Visa — allowing you to make purchases with cryptocurrency at most retailers.
Cryptocurrencies are being accepted directly by an ever-growing list of companies in industries like tech, luxury goods, sports teams, insurance and even commercial space travel!
Frequently asked questions
Does Amazon accept cryptocurrency?
While Amazon does not directly accept cryptocurrency, customers can use crypto debit cards or purchase Amazon gift cards with cryptocurrencies to shop on the platform.
Can you convert crypto to cash?
Yes, cryptocurrencies can be easily converted to cash through crypto exchanges, ATMs, and peer-to-peer transactions. Crypto debit cards also offer a direct avenue to spend digital currencies as fiat money across a wide range of services.
Can you spend cryptocurrencies anywhere?
Crypto debit cards offered by Visa, such as the Coinbase Card, allow you to spend cryptocurrency anywhere Visa is accepted as a form of payment.
Can you send Bitcoin on Cash App?
Cash App allows you to send cryptocurrency — all you need is the recipient’s $cashtag, phone number, or email address.
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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.
CoinLedger has strict sourcing guidelines for our content. Our content is based on direct interviews with tax experts, guidance from tax agencies, and articles from reputable news outlets.
KNOWLEDGE BASE
Demystify Crypto Taxes
The Ultimate Crypto Tax Guide (2024)
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.