P2P trading and decentralized exchanges are the only ways to avoid 30% #cryptotax.
Agree?
Well there is a little problem if we choose decentralized exchanges instead of centralized exchanges. We can't set limit orders and P2P trading facility is not available also.
A few #DEX like #sokuswap is providing limit order facility and multichain support also but not offering P2P trading yet.
P2P trading feature is very important in order to avoid crypto tax.
What do you think? Let me know in the comment section 👇
P2P makes sense, but truly decentralized exchanges are the best way to get tracked. Everything on the blockchain is traceable and stored forever. That is how they track criminals that use crypto. Blockchains are the perfect tool against money laundering and tax evasion.
The best way to be anonymous and avoid taxes on profits is to find the shadiest exchange, trade on it and hope they do a rug pull and delete all their servers so they leave no trace.
That's why I added P2P trading is very important for completely anonymous and untraceable #cryptotrading
If tracked than the decentralized exchanges have no information about wallet holders. so we all are safe if we use decentralization.