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RE: SPACE NEWS - Filament Erupts, 1 on Watch, Earthquakes | S0 News Mar.5.2018 -PLUS EXTRA NEWS UPDATE
Hi theUXyeti,
Coinbase and GDAX are two common exchanges that people use to cash out with because they support the 3 most popular fiat currencies. Many also use Gemini and Kraken to exchange their alts for fiat currency.
You can use https://blocktrades.us to convert STEEM, SBD or other Alt coins to Ethereum to send to GDAX to convert to USD for instance.
You could also use Local Bitcoins - To buy or sell Crypto with cash in your area in person (tax free).
I hope that helps - do ask if you need any further assistance :D
If i were selling an alt coin back to 1 of the 3 and then selling to usd what is your recommendation? Coinbase? Gdax?
Also do you state this final purchase price and sell price then determine the gain or loss and record that as capital gains for irs? Are ppl avoiding this? What’s the safest way to handle a transaction to state a loss or gain ?