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If that company goes bankrupt, you also may receive some compensation once its creditors have been paid from its liquidated assets. Buying cryptocurrency doesn’t grant you ownership over anything except the token itself; it’s more like exchanging one form of currency for another. If the crypto loses its value, you won’t receive anything after the fact. There are several other key differences to keep in mind: Trading hours: Stocks are only traded during stock exchange hours, typically 9:30 am to 4:30 pm ET, Monday through Friday. Cryptocurrency markets never close, so you can trade 24 hours a day, seven days a week. Regulation: Stocks are regulated financial products, meaning a governing body verifies their credentials and their finances are matters of public record. By contrast, cryptocurrencies are not regulated investment vehicles, so you may not be aware of the inner dynamics of your crypto or the developers working on it. Volatility: Both stocks and cryptocurrency involve risk; the money you invest can lose value. However, stocks are directly linked to companies and generally rise and fall based on those companies’ performance. Cryptocurrency prices are more speculative’no one is quite sure of their value yet. That makes them much more volatile and affected by something as small as a celebrity’s tweet. Do you have to pay taxes on cryptocurrency? If you buy and sell coins, it’s important to pay attention to cryptocurrency tax rules. Cryptocurrency is treated as a capital asset, like stocks, rather than cash, novo bitcoin slots online no reino unido. That means if you sell cryptocurrency at a profit, you’ll have to pay capital gains taxes.
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