Documents for buying and selling of bitcoins

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To open an options trading account, you'll need the same documents as for a standard spot trading account. Personal Information. Crypto options trading. The platform may require investors to submit a copy of their driving licence or passport, and even to upload a selfie to prove their appearance. You can purchase, store, send and sell Bitcoin directly through the apps, which is convenient if you're used to those interfaces. 6. Wallet.

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They also recommend a buy-and-hold strategy, so that you can iron out market dips and also avoid having your profits taxed as ordinary income. A longer-term approach is also beneficial from a tax perspective, since Bitcoin is classified as property in the US, and therefore liable to capital gains tax when sold. Multi-Signature Wallets: Definition and Use Cases Multi-signature wallets are cryptocurrency wallets designed to require two or more cryptocurrency wallet keys to unlock and withdraw funds. Some providers also may require you to have a picture ID. Bitcoin and cryptocurrency wallets are a place to store digital assets more securely.