Hi Rojo, i dont move mine off Strike till im sure it wont have to go back.Their customer support is pretty good though. I took all my pay in bitcoin with Strike last year and started the bill pay this year. Please share your results.
Does anyone have experience inputting your cost basis on nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 ? I’m discovering that if you move your coins off Strike to cold storage, and then back to Strike to sell, you will need to input the cost basis manually - even though you bought the coin originally on strike. I’d like to know how easy/difficult this process is. I’m working on doing the Bitcoin Standard through Strikes Bill Pay and this is the last hurdle. nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle #strike #bitcoin
Discussion
There will come a point (retirement) when you move your stack back to strike to sell. I think a lot of people are banking on a different tax structure on Bitcoin in the future. I wouldn’t count on it.
I agree. You need to take account of your cost basis now to make future sales easier.