Bitcoin Investor – Do I have to pay taxes?

Bitcoin Investor has the potential to make its users rich. The app works with automated trading software that reacts to price fluctuations, calculates them and initiates trades that have particularly high chances of success.

The highlight: It is irrelevant for investors whether they know the market or have any experience at all. The first returns are only a matter of time. But what about tax levies when the trades are booked positively?

Does trading constitute classic gambling? What do I have to consider? We have the answers.

How can you profit from Bitcoin Investor?

Step 1: Click on the link to go to the official website of Bitcoin Investor.
Step 2: Fill out the form to get a FREE licence to trade.
Step 3: Follow the instructions on the platform to profit from bitcoin fast!

Is Bitcoin Investor considered gambling?

The question may seem nonsensical at first, but it is immensely important for calculating potential taxes. If, for example, you hit the million-dollar jackpot in the lottery, you will be happy to receive the entire sum – and free of levies on the state. Why?

Because these winnings could not have been expected. Gambling is an exception to the rule. The taxman should be informed in the case of large sums, but ultimately does not retain any percentages.

However, since Bitcoin Investor works with an established CFD broker, this point does not apply. Last but not least, one’s own chances of success can definitely be boosted with the use of the software.

An effective strategy works much better than with roulette, for example. Bitcoin Investor is thus more akin to the game of poker than arbitrary spins on the slot machine of choice. Trading with Bitcoin Investor accordingly involves taxes.

 

Bitcoin Investor - Do I have to pay taxes?

Will a final withholding tax be charged?

CFD trades are considered risky financial transactions, but still do not mean tax exemption. Unlike regular gambling, an entrepreneurial act with the aim of continuous earnings is assumed.

Consequently, the final withholding tax applies in Germany, which amounts to a flat rate of 25 percent. The solidarity surcharge and, if applicable, church tax are added.

If the online broker is based in Germany, the final withholding tax is automatically withheld. For CFD traders abroad, however, there is a liquidity advantage, as the deduction is not carried out immediately.

Profits with foreign brokers must therefore be taxed personally. If self-taxation is omitted, investors are liable to prosecution in the worst case.

Inquire

Trading in cryptocurrencies such as bitcoin is relatively new. Every investor should therefore expect that the current legal situation can change at any time. Regulations that seemed ubiquitous and mandatory a year or two ago are obsolete nowadays.

If you want to be on the safe side, you should not just refer to our article. Ask your tax office what the tax conditions of the trade currently look like.

Knowledgeable financial experts ultimately know far more than we do – and should therefore be your first port of call. After all, it would be all the more annoying if you regularly profit from high returns but end up having to pay high taxes that you could not have expected at the moment.

Also, be aware that even with the best software, trading is purely speculative. It is better to be safe than sorry.

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