Btctradex - STAKING TAX POLICY

Bitcoin

BTC/USDT

69477 (511.31%)

Ethereum

ETH/USDT

2059.46 (5.42%)

Tether

USDT/USDT

0.999644 (-3.5089114758802E-5%)

BNB

BNB/USDT

629.43 (5.74%)

XRP

XRP/USDT

1.52 (0.109039%)

USDC

USDC/USDT

0.999909 (-6.1991998747124E-5%)

Solana

SOL/USDT

87.78 (2.93%)

TRX/USDT

0.281894 (-0.00042423231682831%)

Lido Staked Ether

STETH/USDT

2265.05 (-81.268920121193%)

Dogecoin

DOGE/USDT

0.112288 (0.01569264%)

Figure Heloc

FIGR_HELOC/USDT

1.02 (-0.0135568%)

Cardano

ADA/USDT

0.295465 (0.01959223%)

Wrapped stETH

WSTETH/USDT

2779.67 (-92.342324187543%)

WhiteBIT Coin

WBT/USDT

52.11 (0.250964%)

Bitcoin Cash

BCH/USDT

562.64 (-1.5965126031783%)

Wrapped Bitcoin

WBTC/USDT

76243 (-2455.2164759242%)

WBETH/USDT

2466.93 (-88.807149330896%)

USDS

USDS/USDT

0.999851 (-0.00012941372190334%)

Wrapped eETH

WEETH/USDT

2465.31 (-86.470887014049%)

Monero

XMR/USDT

350.25 (-5.970434369835%)

Binance Bridged USDT (BNB Smart Chain)

BSC-USD/USDT

0.998762 (-0.00015968094790819%)

Chainlink

LINK/USDT

9.03 (0.214943%)

LEO Token

LEO/USDT

8.68 (0.232898%)

WETH

WETH/USDT

2268.37 (-79.880318172808%)

Coinbase Wrapped BTC

CBBTC/USDT

76366 (-2464.9451415763%)

Stellar

XLM/USDT

0.175033 (0.00842745%)

Ethena USDe

USDE/USDT

0.998794 (-0.00016329656876635%)

Zcash

ZEC/USDT

320.74 (45.6%)

Sui

SUI/USDT

1.025 (0.059051%)

Avalanche

AVAX/USDT

9.54 (0.374276%)

Litecoin

LTC/USDT

55.58 (0.264308%)

Hyperliquid

HYPE/USDT

31.48 (-0.57415854116673%)

USDT0

USDT0/USDT

0.998827 (-0.00029584994425635%)

Canton

CC/USDT

0.164207 (0.00299047%)

sUSDS

SUSDS/USDT

1.085 (0.00011931%)

Shiba Inu

SHIB/USDT

6.91E-6 (5.84154E-7%)

Hedera

HBAR/USDT

0.103378 (-0.0016485468402881%)

World Liberty Financial

WLFI/USDT

0.106577 (0.0018782%)

Dai

DAI/USDT

1 (0.00024814%)

Ethena Staked USDe

SUSDE/USDT

1.22 (0.00048611%)

Toncoin

TON/USDT

1.48 (0.02123508%)

PayPal USD

PYUSD/USDT

0.999912 (-4.4730235669421E-5%)

Cronos

CRO/USDT

0.082714 (-0.00042826592719442%)

USD1

USD1/USDT

0.999111 (-0.00044007720052619%)

Polkadot

DOT/USDT

1.41 (0.063811%)

UNI/USDT

3.62 (0.219358%)

Rain

RAIN/USDT

0.00970633 (-0.00022343341254322%)

Mantle

MNT/USDT

0.661563 (0.01987156%)

MemeCore

M/USDT

1.33 (-0.074592545821148%)

Bitget Token

BGB/USDT

2.42 (0.03980081%)

Tether Gold

XAUT/USDT

4993.14 (-17.006135544938%)

Aave

AAVE/USDT

127.85 (8.32%)

Bittensor

TAO/USDT

190.87 (4.88%)

Falcon USD

USDF/USDT

0.99665 (-0.00036634209230468%)

OKB

OKB/USDT

80.51 (3.18%)

Pepe

PEPE/USDT

4.84E-6 (1.04E-6%)

Internet Computer

ICP/USDT

2.52 (0.090848%)

NEAR Protocol

NEAR/USDT

1.074 (0.04642826%)

PAX Gold

PAXG/USDT

5023.87 (-17.371129823773%)

Jito Staked SOL

JITOSOL/USDT

124.46 (-6.2473222768649%)

Binance-Peg WETH

WETH/USDT

2262.26 (-85.026751512206%)

ETC/USDT

8.94 (0.285838%)

BlackRock USD Institutional Digital Liquidity Fund

BUIDL/USDT

1 (0%)

Ondo

ONDO/USDT

0.292734 (0.02126311%)

Circle USYC

USYC/USDT

1.12 (%)

Global Dollar

USDG/USDT

0.999873 (-0.00010631586419219%)

HTX DAO

HTX/USDT

1.71E-6 (4.808E-9%)

Wrapped SOL

SOL/USDT

99.08 (-4.7483121308922%)

Pi Network

PI/USDT

0.17881 (0.02485224%)

Jupiter Perpetuals Liquidity Provider Token

JLP/USDT

4 (-0.10848520173875%)

Provenance Blockchain

HASH/USDT

0.01813132 (-0.00076233858102384%)

Pump.fun

PUMP/USDT

0.00233153 (0.00021448%)

Ethena

ENA/USDT

0.128693 (0.00714669%)

Sky

SKY/USDT

0.06932 (0.00013726%)

Aster

ASTER/USDT

0.7206 (-0.0094952535051704%)

Ripple USD

RLUSD/USDT

1 (-9.5699684198758E-5%)

KuCoin

KCS/USDT

8.63 (0.227744%)

syrupUSDC

SYRUPUSDC/USDT

1.15 (0.00060923%)

Binance Staked SOL

BNSOL/USDT

108.24 (-5.0759020422501%)

POL (ex-MATIC)

POL/USDT

0.108443 (0.00699842%)

Kelp DAO Restaked ETH

RSETH/USDT

2404.69 (-84.999406473553%)

WBNB/USDT

759.61 (-12.067127218079%)

BFUSD

BFUSD/USDT

0.999168 (4.26E-5%)

Worldcoin

WLD/USDT

0.424038 (0.02444926%)

Binance Bridged USDC (BNB Smart Chain)

USDC/USDT

0.999965 (0.00024826%)

Rocket Pool ETH

RETH/USDT

2620.53 (-95.927200042398%)

Aptos

APT/USDT

0.979583 (0.02842751%)

Cosmos Hub

ATOM/USDT

2.16 (0.03707915%)

Quant

QNT/USDT

73.7 (2.89%)

USDD

USDD/USDT

0.999583 (-0.00020969624109057%)

Gate

GT/USDT

7.28 (0.185373%)

KAS/USDT

0.03312368 (0.00085408%)

Arbitrum

ARB/USDT

0.119709 (0.00394153%)

Algorand

ALGO/USDT

0.099013 (0.00328807%)

Render

RENDER/USDT

1.5 (0.103283%)

Function FBTC

FBTC/USDT

78685 (1587.35%)

Midnight

NIGHT/USDT

0.05949 (0.00207233%)

MYX Finance

MYX/USDT

2.84 (-0.33271892348145%)

Official Trump

TRUMP/USDT

3.57 (0.13342%)

Filecoin

FIL/USDT

1.011 (0.04122129%)

River

RIVER/USDT

72.71 (-9.7264179637958%)

Lombard Staked BTC

LBTC/USDT

76491 (-2487.5474609931%)

NEXO

NEXO/USDT

0.859318 (0.00101106%)

USDtb

USDTB/USDT

0.998843 (-0.00016774363468786%)

Polygon Bridged USDC (Polygon PoS)

USDC.E/USDT

0.99972 (1.194E-5%)

Superstate Short Duration U.S. Government Securities Fund (USTB)

USTB/USDT

10.99 (0%)

Flare

FLR/USDT

0.00990732 (0.00032894%)

Janus Henderson Anemoy AAA CLO Fund

JAAA/USDT

1.026 (0%)

VeChain

VET/USDT

0.0087821 (0.00050987%)

Ondo US Dollar Yield

USDY/USDT

1.11 (-0.00017101372620032%)

OUSG

OUSG/USDT

114.29 (0%)

Spiko EU T-Bills Money Market Fund

EUTBL/USDT

1.24 (0.00026114%)

XDC/USDT

0.03753477 (0.00092318%)

MORPHO/USDT

1.38 (0.128236%)

Beldex

BDX/USDT

0.080505 (0.00012628%)

USDai

USDAI/USDT

0.999718 (-0.0001162984869052%)

Jupiter

JUP/USDT

0.167182 (0.01141523%)

Bonk

BONK/USDT

7.08E-6 (7.52037E-7%)

Usual USD

USD0/USDT

0.99938 (0.00175883%)

Janus Henderson Anemoy Treasury Fund

JTRSY/USDT

1.094 (0%)

Sei

SEI/USDT

0.07769 (0.00193784%)

GHO/USDT

1 (7.699E-5%)

A7A5

A7A5/USDT

0.01289888 (-1.5879792290252E-5%)

PancakeSwap

CAKE/USDT

1.51 (-0.051573352086564%)

TrueUSD

TUSD/USDT

0.99817 (-0.00010084507024977%)

Fasttoken

FTN/USDT

1.09 (-0.0018953486086706%)

Stacks

STX/USDT

0.267455 (-0.0030961373173892%)

pippin

PIPPIN/USDT

0.744044 (0.144008%)

DASH/USDT

39.48 (1.8%)

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Btctradex is a platform that allows users to stake their crypto tokens and earn rewards by validating transactions on various blockchains. Btctradex recognizes that staking is a taxable activity that generates income and incurs expenses. Therefore, Btctradex adopts the following policy for its users:

The amount exceeding $50,000 USD will be automatically staked in a designated staking pool plan.

The specific staking mechanism and associated risks will be outlined in a separate document or within the platform's user interface.

Staking rewards will be calculated and distributed according to the rules and terms of the chosen staking pool.

*Users must report their staking rewards as ordinary income in the year they receive them. The amount of income is equal to the fair market value of the tokens at the time of receipt.

*Users must deduct the cost of staking from their income. This includes the costs of running computers and other equipment, as well as the amortization of the staked tokens. Users can amortize the original cost of their staked tokens over 15 years, using the straight-line method, as long as their tokens remain staked.

*While your capital is staked, you will not be able to withdraw the funds until the staking period is complete. Any withdrawal requests and associated fees will be refunded back to your Btctradex wallet.

"Users are not permitted to re-invest amounts exceeding $50,000.

*Users are responsible for paying any taxes due on their staking income and complying with any tax laws and regulations.

*Users must commit to a minimum staking duration for each investment plan they choose. The duration varies depending on the plan, ranging from 7 days to 270 days.

*Users cannot unstake their tokens before the end of the duration, otherwise they will forfeit their rewards and incur a penalty fee.

*Users must pay the taxes on their staking rewards before they can withdraw them from their account. Btctradex will withhold a percentage of the rewards as a tax prepayment and transfer it to the IRS on behalf of the users. The percentage varies depending on the user's tax bracket and the type of tokens they stake.