0 sats \ 1 reply \ @pillar OP 19 Sep 2023 \ parent \ on: Any experiences with Xapo Bank? bitcoin
Thanks for sharing your experience. If you don't mind me asking, have you been working with them for a long time?
I'm also curious as for the tax implications of spending BTC with their credit card. It surely means you are generating capital gains when your BTC gets converted to whatever fiat currency... and then I'm wondering how the cashback in sats would work as well tax wise.
I cannot help you with tax stuff, but the bank will report to whatever country you live in...
Lehman brothers was hardly founded by a Bitcoin enthusiast. Xapo is as good as a bank gets within the existing framework in my experience...
$150 a year is cheap for what you get in return. ..
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