USDT TRC20 - Where to receive? HELP
 

Hey guys!

Can I get your recommendation about Crypto, please? Unfortunately I have no experience with Crypto..

Where to receive USDT TRC20 ? Hooligapps affiliate program will send me money, but only via USDT TRC20 ....

Thanks

TrustWallet

If you will receive crypto regularly, buying yourself a Ledger device would be a good idea. Other than that, you can install Atomic Wallet or any other similar one. Then, you just choose the type of crypto you want to receive, copy your TRC20 address and send it to the affiliate program.

Got it, thanks :-)
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if you are new to crypto, start with a crypto exchange as your wallet, it will be much simpler than trustwallet ....
use kucoin or binance, create an account, generate your usdt TRC20 address and get paid on it

Because you will need an exchange to cash out to your bank account anyway...
so better start with Kucoin or Binance and then if you really get into it, you'll buy a ledger or you'll install a trustwallet.
But that's after.
Start with a crypto exchange

No. Use crypto exchange only if you plan to cash out to fiat.

Use a non custodial wallet if you plan to hold. Don't hold crypto on exchanges, we have learned from Mtgox, Cryptopia, QuadrigaCX, FTX.

If you hold, do you have to pay taxes now or only when converted to cash?

:2 cents:

Consult your local tax advisor

I think you only pay on capital gain

it's only when you convert it to cash that you pay taxes

You generally only pay taxes on crypto when you dispose of it, not for simply holding it. Converting crypto to cash is considered a disposal event for tax purposes.

Here's a breakdown of when crypto transactions are taxable:

* **Selling crypto for cash:** This is the most common scenario and triggers a capital gains tax event. You'll owe taxes on the profit you made from selling the crypto.
* **Trading crypto for another crypto:** This is also considered a taxable event by the IRS (and likely other tax authorities). Even though you aren't converting to cash, it's treated like a sale of one asset (the first crypto) and the purchase of another (the second crypto).

There are also other crypto transactions that may be taxable, such as using crypto to pay for goods and services or earning interest on crypto holdings.