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teachin_bitcoin / TEACH ME BITCOIN, SON.
npub1uzy…y7g3
2024-10-13 07:52:41

teachin_bitcoin on Nostr: https://www.teach-me-bitcoin-son.com/media//generated/bitcoin-fees-and-taxes.png Dad: ...



Dad: Son, are there any fees for using Bitcoin?
Son: Hi Dad,
The "fee" depends on the use case.
For example, there are trading fees when converting between bitcoin and fiat, transaction fees when sending funds or mixing fees when using a coinjoin service.
Dad: Do I have to pay account maintenance fees?
Son: No.
There are no fees for holding bitcoin in your self-custody wallet, but you may have to pay taxes.


#Bitcoin
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npub1uzynzck5q3wazyfudcwznacvg7ahgcdta5zzkmpnxz870ktdy5pqr7y7g3