Hello guys! I made a huge profit in January with a certain stock. I’m not sure if I get classified as a professional trader.
So here my question:
For my safety, I have put a certain amount aside. Since I can’t do anything with this money anyway, would it be smart if I buy USDC and stake it for a year? You get about 12% staking reward in just one year. And since USDC is not changing his value there’s no volatility risk.
Does anyone have experience with staking cryptos in relation to taxes?
I’m happy if someone can help me
Edit: If you have no clue what I’m talking about. Here you go: Earn up to 20% p.a. paid out daily | SwissBorg