I had to pick between a regular bank and a crypto wallet for my side hustle cash last month.

I went with the wallet to avoid a $500 wire fee and a 3-day hold, but now I'm wondering if I should have just paid the fee for the easier tax paperwork.

3 comments

3 Comments

logan6582d ago

Saved the fee but spent it on extra coffee trying to understand the tax forms. My spreadsheet has more tabs than my browser now. Still not sure if any of them are right.

daniel_gonzalez2d ago

Lmao, @dylan_brown30 is right, you just traded cash for pure pain.

dylan_brown303d ago

Ugh, that's a tough call. The fee is a total rip-off, but crypto taxes are a nightmare to figure out. You probably saved money but traded it for a huge headache.