Portugal - Crypto Trading and Paying is Tax Free
We have new safe heaven for Bitcoin and Crypto. Now if you have PT tax residence or nationality you can buy and sell stuff for crypto withotu taxes at all.
Amazing stuff, hope rest of EU joins this.
If you want to know exact rules check https://www.audico.pt/wp-content/uploads/2019/08/57_INFORMACAO_14436.pdf
So now doesnt matter if you use crypto NO id needed exchanges but can use pretty much any.
Just check some of those.
- KuCoin - i would call it younger brother of Binance with many NEO and ETH pairs
- BitMax - free transaction mining and fees share of what exchange makes with BTMX tokens
- BiBox - amazing China exchange, similar to other two above with different coins
- CryptoBridge - decentralized exchange build on BTS, the older brother of STEEM
- Huobi - used to be top volume BTC exchange, now has many great altcoins
- CoinExchange - many ETH tokens and anon coins like ZEC XZC EXCL
- Coinex - ETH BCH BTC EOS pairs
- Binance - the obvious top vol exchange, has STEEM
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Yeah crypto trading and paying is free in Portugal. That's great news. But Portugal isn't a great place to mine POW Coins, because kw/h is one of the most expensive in the EU. So for trading a heaven, but not for mining proof-of-work coins.
Portugal has become a hotspot for cryptocurrency enthusiasts with its tax-free approach to trading and payments. The allure lies in the absence of taxes on both trading profits and transactions conducted using cryptocurrencies. To participate in this favorable environment, individuals must obtain a Portuguese Tax Number, a key element for adhering to the country's tax regulations. This distinctive feature positions Portugal as an attractive destination for those navigating the cryptocurrency landscape, offering a unique and hassle-free experience for crypto traders and businesses alike.