I just saw a post about Strike, a payment app that uses Blockchain and Bitcoin. I’ve been reading about it and am still having difficulty understanding some things. If anyone knows the answers, please help.
1) are there any fees for buying and selling Bitcoin on Strike? The FAQ says no, but how can that be? Every other option to do so requires fees.
2) is it a taxable event to sell your Bitcoin on Strike? Again, the FAQ says no. But I also can’t wrap my head around that. If I transfer my Bitcoin to strike from my hardware wallet, and then sell for USD and withdrawal that USD at a gain, wouldn’t I be taxed for doing so?
Thank you in advance
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