How can I earn cryptocurrency rewards instead of taxable credit card rewards?

3 answers

• Nov 26, 2021 · 3 years ago
  One way to earn cryptocurrency rewards instead of taxable credit card rewards is by using a cryptocurrency rewards credit card. These credit cards allow you to earn rewards in the form of popular cryptocurrencies like Bitcoin or Ethereum. You can earn these rewards by making purchases with the credit card, and the rewards are deposited directly into your cryptocurrency wallet. This way, you can avoid the tax implications of traditional credit card rewards and also benefit from the potential appreciation of cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  If you're looking to earn cryptocurrency rewards, you can also consider participating in cryptocurrency reward programs. Many cryptocurrency exchanges and platforms offer reward programs where you can earn tokens or coins by completing certain actions, such as trading, staking, or referring new users. These rewards can then be used for various purposes within the platform or exchanged for other cryptocurrencies. It's a great way to earn cryptocurrency while actively engaging in the crypto community.
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• Nov 26, 2021 · 3 years ago
  Another option to earn cryptocurrency rewards is by using decentralized finance (DeFi) platforms. DeFi platforms like BYDFi offer various ways to earn rewards through activities like liquidity mining, yield farming, or providing liquidity to decentralized exchanges. These platforms often have their native tokens that you can earn as rewards. Just make sure to do your research and understand the risks involved before participating in any DeFi activities.
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