How to buy a crypt and where to store it

Is it worth it to invest in cryptocurrency and what risks are in this

In the past three weeks, the Russians began to actively spend rubles. Someone was purchased by building materials, someone tried to gain more sugar and gaskets, some bought dollars and cryptocurrency. We asked the crypto expert, businessman Yuri Dromashko, to explain how to safely buy and store cryptocurrency.

Is cryptocurrency in Russia not prohibited?

In our country, you can buy and sell cryptocurrency. By law, it is a product, it can be invested in it. But other products cannot be bought for cryptocurrency. What punishment is laid to the one who violates the ban is unknown. The law on digital assets was adopted more than a year ago. It was planned that in the fall of 2021 it would be supplemented. But they have not done this so far.

According to the law, cryptocurrency is the property for which taxes must be paid. The person who sold the crypt, next year after the transaction, the year should report to the tax that he received income.

Where to buy?

I need to look for professional changed. If you are in the millionaire city, there is definitely there a community of people who do business on this, PR and participate in the process. You can easily get cash in the wallet. To do this, it is enough to give a changing address, this is a code from the letters and numbers by which it will translate the crypt.

What services is better to register a wallet?

It is better to store a crypt in a noun-wallets that are not attached to the personality. Now there are many such wallets and mobile applications. It is better to start wallets on the recommendation of experts. I recommend Trustee Wallet, Trust Wallet, Atomic Wallet. It is unsafe to store cryptocurrency on exchanges and platforms where you submit personified data about yourself.

In what currency do you advise you to store?

If you have “long” money, you are ready not to withdraw it for several years, I recommend bitcoin and ether. If you need, for example, to close payments for utilities in the near future, it is better to keep in crypto -dollars. So you will understand what to count on - one cryptollar is equal to one ordinary dollar. And the Bitcoin course can change even in a short time.

How to protect your wallet from theft?

The main thing is to save the code for the wallet, 12 words. It is advisable to record them on paper, make several copies and put them in reliable places. Then you can even leave your personal account or delete the application from the phone. No one will know that you have a wallet. According to this phrase, 12 words, you can easily restore your wallet, wherever you are.

How to bring cryptocurrency to a card?

This can be done through exchangers. There are exchanges exchanges on which you can choose a service, focusing on the course, reserves and reviews.

In which country in the world is the easiest to cash out cryptocurrency?

Everywhere where there are many Russians - Cyprus, the UAE, Thailand, Türkiye, Georgia, the USA. In recent weeks, they ended up in a situation where the cards do not work. If they have cryptocurrencies, they very quickly found the opportunity to pay for housing and food. Approximately in such a situation, I recently ended up on the island of Phuket. I was immediately sent a few contacts where you can cash out.

What are the pros and cons of cryptocurrency?

The first plus is anonymity. If you did not betray yourself, no one will know that you have in your wallet. The second is reliability. The third plus is a sufficiently developed community. Now in almost any city of the planet you can cash out a crypt. I do not see minuses.

What risks do a person who owns a cryptocurrency cash?

The main risk is if you lose your password.

Why, after February 24, the cryptocurrency course did not increase, despite the surge of the demand among Russians?

In economic terms, we are a very small country. Demand has increased on a crypt, but this did not affect the world course. The external course does not change, because Russian money is not allowed to world exchanges. The crypt of Russia, firstly, is very small, and secondly, very isolated.