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Are there any alternatives to Robinhood for trading cryptocurrencies without the need for a 1099 form?

avatarPosheffyDec 18, 2021 · 3 years ago3 answers

I'm looking for alternative platforms to Robinhood that allow trading cryptocurrencies without the requirement of a 1099 form. Are there any other options available that offer similar features and benefits?

Are there any alternatives to Robinhood for trading cryptocurrencies without the need for a 1099 form?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Absolutely! There are several alternatives to Robinhood that allow you to trade cryptocurrencies without the need for a 1099 form. One popular option is Binance, a leading cryptocurrency exchange that offers a wide range of trading options and does not require a 1099 form for trading. With Binance, you can easily buy, sell, and trade various cryptocurrencies without the hassle of tax reporting.
  • avatarDec 18, 2021 · 3 years ago
    Sure thing! If you're looking for a Robinhood alternative that doesn't require a 1099 form, you might want to check out Coinbase. Coinbase is a well-established cryptocurrency exchange that offers a user-friendly interface and a wide selection of cryptocurrencies to trade. Plus, they have a built-in tax reporting feature that makes it easy to stay compliant with tax regulations.
  • avatarDec 18, 2021 · 3 years ago
    Definitely! If you're looking for a platform that allows trading cryptocurrencies without the need for a 1099 form, BYDFi is a great option. BYDFi is a user-friendly exchange that offers a seamless trading experience and supports a variety of cryptocurrencies. With BYDFi, you can trade cryptocurrencies hassle-free, without worrying about tax reporting requirements. Give it a try and see if it suits your trading needs!