Learn Crypto with Bit.Fan Academy
From beginner to advanced — master exchanges, wallets and blockchain essentials
digital assets
How to Buy Bitcoin at an ATM Safely
Want to know how to buy bitcoin atm style? Bring your own wallet, verify the machine, scan your address, check fees, and avoid scam prompts.
Can IRA Buy Bitcoin? What to Check First
Yes, an IRA can buy Bitcoin in some setups, but the key issues are custody, account structure, fees, compliance, and scam prevention.
How to Use Bitcoin: A Beginner's Step-by-Step Guide
How to use bitcoin starts with a wallet, safe backups, and careful transfers. This guide explains payments, storage, and common mistakes to avoid.
What Is a Bear Market in Crypto? How to Survive and Profit
Bear markets refer to prolonged periods of falling asset prices. However, a crypto bear market differs from a traditional bear market in that it’s not marked by a specific percentage decline. Crypto’s volatility makes 20% moves up or down – bull or bear market indicators in traditional markets – fairly commonplace. Instead, crypto bear markets reflect failing confidence along with falling prices over a period of months. While bear markets in crypto cause traders to lose hope and sell, selling pressure can create long-term opportunities to buy at discounted prices. In prolonged downturns, it may even make sense to short-sell specific cryptocurrencies to profit on the way down. In this guide, we’ll answer the question, “What is a bear market in crypto?” We’ll also examine ways to navigate downturns and turn inevitable dips into opportunities.
What Is Capital Gains Tax and How Much Is It for Crypto?
What Is Capital Gains Tax? Capital gains tax is a tax on the profit you make when you sell something you own, like property or stocks, for more than you paid for it. Almost everything you own is a capital asset. This includes cars, homes, furniture, investments, and even crypto. In the U.S., the IRS classifies cryptocurrency as property, not currency. It means that if you want to stay within the law, you must pay taxes on any profit you make from selling your coins. The so-called “taxable events” occur only when you sell your crypto for cash, convert it to another coin, or use it to pay for goods and services. If you just hold Bitcoin or other crypto, you don’t have to pay anything. The amount of tax you owe in the U.S. depends on various factors. Let’s explore some of them and ways to reduce your crypto taxes.
What Is a Self-Custodial Wallet (Non-Custodial Wallet)?
A self-custodial wallet, also known as a non-custodial wallet, is a type of cryptocurrency wallet that allows users to manage their private keys and have direct control over funds stored on a blockchain network. TL;DR Self-custodial wallets allow users complete control over their private keys and crypto assets. Setting up a self-custodial wallet does not require the user to share any personal information with a third party. DeFi and GameFi platforms often require self-custodial wallets because they allow users to interact directly with smart contracts and decentralized applications. In the early days of cryptocurrency, all wallets were self-custodial. Today, this type of wallet may not be a good choice for new users who don’t understand asymmetric cryptography’s role in blockchain transactions.
What Is Tokenization in Blockchain?
Tokenization is converting real-world assets or rights into digital tokens on a blockchain. These tokens represent ownership or a stake in the asset and can be easily traded or transferred within the blockchain ecosystem. This process is very important because it guarantees enhanced security, ensuring that ownership and transactions cannot be tampered with through blockchain technology. Tokenization also improves efficiency since it reduces costs and eliminates intermediaries, streamlining the transfer of assets. This process improves liquidity because tokenization enables fractional ownership, making traditionally illiquid assets like real estate or art accessible to a broader audience and easier to trade.
