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Buying solana (SOL) is straightforward, but with numerous crypto exchanges on the market, it's crucial potential investors consider other key factors before making a purchase. In theory, DEXs seek to offer alternatives to centralized exchanges, but in practice, they embody the pros and cons of each type of exchange. No, you do not need a broker to trade Bitcoin (BTC). You can trade Bitcoin by visiting a trusted cryptocurrency exchange that offers Bitcoin and trade it without a broker. Alternatively, you can seek out a cryptocurrency broker that offers a derivatives product of interest. You can also trade Bitcoin privately without a third-party. Use the Coincheck Trade View in the browser to trade Bitcoin with no transaction fees. The IRS treats cryptocurrency as property, not currency. Transactions in cryptocurrency spot markets are thus considered taxable by the Internal Revenue Service (IRS) whenever a taxable event occurs, such as selling cryptocurrency for a fiat currency (i.e., U.S. Dollars, Euros, etc.) or when traded for another asset. Investors are responsible for tracking cost basis, gains, and other reporting. If you have questions or concerns about the potential tax implications of transacting in cryptocurrencies, you should refer to this IRS publication or consult with a tax advisor.

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