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DCA reduces timing risk and emotional decision-making, making it ideal for volatile assets like crypto. However, it's not foolproofâcrypto can still lose 50-80% of value during bear markets. Only i...
Read moreBitcoin is seen as 'digital gold' with lower volatility. Ethereum has more use cases (smart contracts, DeFi) but higher volatility. Many investors do 70/30 or 60/40 BTC/ETH split. Diversification r...
Read moreMonthly DCA is most common and has lowest transaction fees. Weekly DCA provides more price points but higher fees. Daily DCA maximizes averaging but fees can eat returns. Monthly or bi-weekly is th...
Read moreStart with 1-5% of your portfolio if you're new to crypto. Experienced investors might allocate 10-20%. Never invest more than you can afford to lose completely. Crypto is highly speculative and vo...
Read moreDCA spreads risk over time and reduces emotional stress. Lump sum gives you maximum exposure immediately but requires perfect timing. Historically, lump sum beats DCA about 66% of the time in risin...
Read moreThe scam checker cross-references cryptocurrency addresses and URLs against multiple public scam databases including CryptoScamDB (6,000+ entries), Chainabuse (community-reported scams), and Bitcoi...
Read moreNo. A clean result means the address has not been reported in our databases, but it does NOT guarantee safety. Scammers create new addresses daily. Always do additional research: check transaction ...
Read moreDO NOT send funds to a high-risk address. If you received a ransomware demand, do not pay - contact law enforcement and ransomware recovery specialists. If it's an investment opportunity, it's like...
Read moreThe 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...
Read moreBest 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...
Read morePig 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...
Read moreYes! 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...
Read moreCrypto 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...
Read moreCrypto is typically taxed as property. Profits from selling or swapping are capital gains (shortâterm if held â¤1 year, longâterm if >1 year). Ordinary income applies to mining, staking, airdrops, a...
Read moreFIFO (firstâin, firstâout) and LIFO (lastâin, firstâout) are common. Specific Identification may lower taxes if you track lot IDs accurately. Consistency and proper documentation are key.
Read moreYes. 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.
Read moreYes. 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 washâsale rules as guidance evolves.
Read moreMaintain 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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