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The top crypto scams are: (1) Pig Butchering - romance scams leading to fake investment platforms (38% of losses), (2) Phishing websites impersonating exchanges/wallets (24%), (3) Fake giveaways fr...
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Best practices: (1) Use this scam checker before sending funds, (2) Never share private keys or seed phrases, (3) Verify URLs carefully - bookmark legitimate sites, (4) Send test transactions first...
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Pig butchering is a romance scam where fraudsters build relationships on dating apps (Tinder, Bumble), move to WhatsApp/Telegram, then casually mention successful crypto investments. They eventuall...
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Yes! Reporting scams helps protect others. You can report to: CryptoScamDB (https://cryptoscamdb.org/report) for phishing sites, Chainabuse (https://chainabuse.com/report) for malicious addresses a...
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Crypto scams surged due to: (1) Increased crypto adoption (more targets), (2) Sophisticated social engineering (pig butchering), (3) Anonymous transactions making recovery impossible, (4) Low barri...
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Crypto is typically taxed as property. Profits from selling or swapping are capital gains (short‑term if held ≤1 year, long‑term if >1 year). Ordinary income applies to mining, staking, airdrops, a...
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FIFO (first‑in, first‑out) and LIFO (last‑in, first‑out) are common. Specific Identification may lower taxes if you track lot IDs accurately. Consistency and proper documentation are key.
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Yes. Swapping one coin for another is a taxable disposition in many jurisdictions, triggering capital gains/losses at fair market value at the time of the trade.
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Yes. Realized losses can offset gains and potentially up to $3,000 of ordinary income annually in the U.S., with excess carried forward. Beware of wash‑sale rules as guidance evolves.
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Maintain detailed records: dates, amounts, cost basis, fair value, fees, and wallet/exchange. Consider using crypto tax software and consolidate data across wallets and chains.
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A cryptocurrency wallet address is a unique identifier used to receive cryptocurrency transactions, similar to a bank account number. Bitcoin addresses typically start with 1, 3, or bc1, while Ethe...
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Address validation prevents costly mistakes when sending cryptocurrency. Unlike traditional banking, crypto transactions are irreversible - if you send funds to an invalid or mistyped address, they...
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A checksum is an error-detection code embedded in cryptocurrency addresses. For Bitcoin, it is calculated using double SHA-256 hashing of the address payload. For Ethereum, EIP-55 checksum uses mix...
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Bitcoin has three main address types: Legacy (P2PKH, starts with '1'), SegWit (P2SH, starts with '3'), and Native SegWit (Bech32, starts with 'bc1'). Legacy addresses are the original format, SegWi...
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No, you cannot send Bitcoin to an Ethereum address or Ethereum to a Bitcoin address. They use completely different blockchain networks and address formats. Sending to the wrong blockchain will resu...
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Mainnet refers to the real, production blockchain where actual cryptocurrency has value. Testnet is a separate blockchain used by developers for testing, where coins have no real-world value. Mainn...
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Yes. This tool performs validation entirely in your browser using client-side JavaScript - your addresses are never sent to any server or stored anywhere. Validating an address only checks its form...
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Ethereum addresses use EIP-55 checksum encoding, which mixes uppercase and lowercase letters as an error detection mechanism. The pattern of capital letters is based on a hash of the address and ac...
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