When you’re buying back what SATS you spend you pay a premium, in tax fees, 5 to 10% from exchanges, additional if mixing.

Reply to this note

Please Login to reply.

Discussion

Tx fees not tax

Those numbers seem extreme, but whatever they are people are willing to do it

I only pay taxes on profit, and I don't spend anywhere close to that on exchanges. 1% max I think. Usually lower. Fiat card processing fees are more than that. I can see that if fees on chain are high, but I usually use Lightning anyway. Not everyone is the same as me though. I hear that.