Ripple (XRP) Reviews

Koinly Reviews

Ripple (XRP) mentions (8)

• What is the function of some of the top Cryptos?

  Take XRP for an example, what has "constant problems with regulations" got to do with its function? You can find out its function here with a quick browse of the ripple website. Source: about 1 year ago

• Here's why Ripple has a positive relationship with financial institutions.

  Suggest you read up and learn from https://ripple.com/xrp/ before posting. Source: almost 2 years ago

• $20 cash from Bitstamp when you buy or sell $100 worth of crypto - Worldwide -

  The cheapest withdrawal fees on Bitstamp are XRP which is only 0.02 XRP to withdraw and XLM which is only 0.005 XLM. Source: almost 3 years ago

• BankDhofar Launches Mobile Banking Payments from Oman to India with RippleNet

  "RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital." https://ripple.com/xrp/. Source: about 3 years ago

• $20 (£14.34) from Bitstamp when you buy or sell $100 (£71.70) of crypto

  Bitstamp’s withdrawal fees for crypto are high for some coins however XRP is only 0.2 XRP to withdraw. Source: about 3 years ago

Koinly mentions (306)

• Tax Question. If i buy $1000 worth of crypto and sell 50% on a double and then let the balance ride. Am i exempt from paying tax on that transaction?

  Every transaction you make with crypto is a taxable event. Even buying something with your bitcoin is a taxable event. So instead of looking at your balance, you have to look at each and every transaction and see how much you paid for the asset, how much you sold it for, and how long you held it. The ATO will also want a report on your crypto transactions, which you can get from koinly.io. That will also... Source: 6 months ago

• 48-nation bloc to crack down on using crypto assets to avoid tax

  Https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended... - Source: Hacker News / 7 months ago

• Questions about defi

  -is it possible to track swaps and trades I'm making in defi via koinly.io or another tax tracking provider? I want to take advantage of long term capital gains vs short term whenever possible. Source: 11 months ago

• I made around 90K profit from a meme coin (crypto)recently and I’m 18 years old and have no idea how to go about taxes. Please help me . Also what could I do with my profits ?

  Every trade where you go from 1 coin to another is a capital gains event. Take a look into https://koinly.io/ to calculate it for you. Source: about 1 year ago

• Staked ETH Rewards on Coinbase

  I just bit the bullet and pay koinly.io to do it for me. The one thing I like about it is you can tag staked transaction (eth to eth2) as swaps so they don't show up on your taxes. It's actually free until you want them to generate a tax form for you. Source: about 1 year ago