Categoría: FinTech

For instance, websites like CoinMarketCap and CoinGecko provide data about different cryptocurrencies. Other platforms like Tradingplatforms and StockApps provide news on the latest presales and ICOs worth investing in. You may need different opinions and views from multiple sources to gather valuable and accurate information about a coin or crypto project. For instance, you’ll find strong voices in the crypto space across digital and social media channels speaking on different coins to invest in.

DYOR is there to remind everyone that investments are only as good as the research that goes into them — and even then, there is no guarantee of success. Risks represent the natural cost of capital gains opportunities that investment activity offers. The best investors can do is equip themselves with enough knowledge and research to assist in effective decision-making and reduce risks.

Trading Bots

Another way to determine a solid crypto project worth investing in is by knowing its development team and advisors. Legitimate crypto projects often disclose their founding teams’ identities, allowing investors to assess their skills, experience, and track records. Instead, you may be investing in a shilled coin with heightened Fear of Missing Out (FOMO) from the project team.

But what exactly does “doing your own research” entail, and how are people doing their due diligence? From this article, you will find out why you should always DYOR before investing and how to go about researching the project that has caught your interest. However, the large and established VCs all use in-house analysts who specialise in finding and vetting crypto projects. As such, when a project receives backing from a big investor, that’s usually a good sign. It is also often used as a kind of disclaimer by some cryptocurrency figures when they post about projects or analysis on social media platforms.

DYOR Tool 5: r/CryptoCurrency on Reddit.com

Technical analysis will help you predict short and long-term price movements of tokens and determine when to buy and sell through candlestick patterns, price charts, indicators, etc. On-chain is important data on the Blockchain network that includes the information of all transactions that have occurred on a Blockchain network. On-chain data helps you to know a lot of accurate, quality data about users’ transactions in the market.

It would be akin to gambling if one were to invest a lot of money in a product without knowing anything about it. Let’s look at some of the main reasons that investors are advised to DYOR. Nicole Willing has two decades of experience in writing and editing content on technology and finance. She has developed expertise in covering commodity, equity, and cryptocurrency markets, as well as the latest trends across the technology sector, from semiconductors to electric vehicles. Warren Buffett, arguably the most successful investor alive, argues that if you don’t feel comfortable holding a stock for 10 years, you shouldn’t hold it for 10 minutes. Accordingly, if you aren’t willing to hold a crypto for a decent length of time, you probably haven’t done enough research to invest in it (unless of course you’re a day trader).

Fundamental analysis

A cryptocurrency created by the pseudonymous developer(s) Satoshi Nakamoto. A digital currency that is secured by cryptography to work as a medium of exchange within a peer-to-peer (P… Of course, where you heard about a given project doesn’t necessarily dictate whether it’s legitimate or not, but it’s a great place to start.

• So, knowing what is DYOR, embrace the principle of DYOR and embark on a journey of knowledge, understanding, and well-informed decision-making.
• They might use it to advise their friends to be cautious and not rely solely on others’ opinions or recommendations.
• Unfortunately, their predictions didn’t turn out to be the coin’s reality, and your investment didn’t 100x as they predicted.
• It’s important to look at a variety of factors, critically analyze the information you find, and stay updated on the latest developments.
• DYOR allows investors to evaluate a cryptocurrency on its merits, understand its risks, and make investment decisions that align with their financial goals and risk tolerance.
• Here, it helps to look at the number of active users, daily transactions, and overall community engagement.

CoinMarketCap is owned by a leading crypto exchange, while CoinGecko has no such affiliation. For some people, it is enough reason to trust CoinGecko data more than they trust CoinMarketCap’s figures. Naturally, it is largely a matter of personal opinion, and CoinMarketCap has rarely been inaccurate in the provision of market data. The website is also a good source of crypto intelligence in the form of podcasts, a newsletter, and industry commentary. While seeking expert information, filter the information you get instead of mindlessly following what the experts say. You should also closely monitor the projects you invest in and other exciting projects to know the latest developments in their ecosystems.

DYOR

Check the overall market sentiment towards the cryptocurrency by looking at forums, social media, and other sources of information. Take a look at the price history and chart patterns to understand market trends and what macro factors have impacted the price. An added benefit of DYOR is increased confidence in your diversified portfolio. When you invest in multiple crypto projects you believe in, you mitigate risk and spread potential losses across multiple assets.

It’s important to look at a variety of factors, critically analyze the information you find, and stay updated on the latest developments. Before you can effectively research individual cryptocurrencies, it’s important to understand the basics of what cryptocurrency is and how it works. Doing your own research is a way of ensuring that you’re not just following the crowd or getting swept up in the hype of the latest trend. It’s about making informed decisions based on facts and analysis, rather than relying on rumors or speculation. Some people hire professionals to conduct market analysis and project research for them.

What are some common mistakes to avoid when doing your own research?

Each of them serves a somewhat different purpose, but used together, they will help you carry out effective DYOR. A limitation of Google Trends is that less popular smaller tokens may not have enough search volumes to produce reliable results. It is a tool most suited to researching the trends for more widely-known tokens. TVL refers to the total amount locked in the smart contracts of the platform, normally in the form of debt collateral or liquidity pool funds.

It includes new content on Intermarket relationships, candlestick charting, stocks, and stock rotation. Readers get an understandable overview of the area of technical analysis. Many traders have already learned the fundamentals of technical analysis and applied them to the futures and stock markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Whether you want a clear, digestible overview of what forex trading is about or you’re seeking different approaches to the forex markets, there are books out there that can help. We’ve put together a list of five popular books suitable for forex traders at both ends of the experience spectrum. First published in 1991, ‘Japanese Candlestick Charting Techniques’ by Steve Nison equips the reader with everything they need to analyse candlestick charts. For experienced traders, Nison details how to confirm candlestick what is a book vs b book readings using popular technical analysis tools, while those new to trading will learn how to use candlesticks in stand-alone analysis. The most recently released of our five recommended forex trading books, David Reese’s Forex Trading 2021 paperback book reaches out to those thinking of trading forex online for a living. Reese calls out those seeking a reliable passive income or long-term financial freedom and outlines why the forex markets offer a wealth of opportunities for day and swing trading.

This book is definitely not a get-rich-quick book and it’s more about developing a proper trading mentality which the author sees as a key ingredient for most successful traders. It does not spoon-feed but it does force you to think and do your homework. This type of decentralised organisation can initially seem confusing, however, by its nature, it actually provides considerable opportunity for retail traders.

However, one may find that the process is much more nuanced than it seems at the first sight. In ‘The Black Swan’, Nicholas Taleb explores the impact of unpredictable events and how they tend to be rationalised after they have occurred. His central idea is that most financial models are deeply flawed because they fail to account for these events, leaving traders exposed to unnecessary risks. In ‘The Alchemy of Finance’, George Soros explains his approach to trading and introduces ‘reflexivity’ – the theory that fundamentals can be influenced by prices.

The scalping strategy is becoming more and more popular among traders from all over the world. Also referred to as quick trading, what it mainly encompasses is buying a currency and letting the position sit for a couple of seconds. As soon as the price goes up marginally, the trade then sells the position immediately.

The author, George Soros, is well-known for his ability to make a fortune by competing with the pound sterling. The revised version of the original that was published in 1993 is addressing a variety of topics that both the amateur traders and those with some https://www.xcritical.com/ background in Forex might appreciate. Moreover, the book contains some insight into the major factors that influence the market and how one should determine and use such factors. That includes news events, Intermarket relationships, and option volatilities.

Why is it important to read and learn about forex trading?

Lowenstein’s book tells the story of that crisis and the events that followed, focusing on the four key characters at the heart of the story. While readers are unlikely to garner any specific trading tips, it provides fascinating insights into the history of the Fed. The book also explains the market conditions that drove the development of the indicator, and three methods that can help traders make full use of it. ‘Market Wizards’ by Jack D. Schwager is an anthology of interviews with the world’s best traders, in which they reveal what separates them from the masses and tell the stories behind their biggest trading coups.

This Forex psychology book will offer you some insight on how to work around the market probabilities, instead of striving to predict an exact outcome. The author claims that every moment in the market is unique, and should be approached individually instead of with a single strategy in mind. On top of that, with this Forex learning book, you will be able to discover the types of various factors that influence the FX market and how to incorporate them into one’s trading session. Among the books that we have picked out for you below, you will be able to find everything from the basics of Forex trading for beginners to the complex factors that may help you build an efficient trading strategy.

Learn to trade

One of the most fascinating aspects of this book is the ten “natural laws of trading” that professional traders rarely divulge to newcomers. It also equips forex trading beginners with the technical analysis to spot when support or resistance points are set to break. This is a particularly vital technique, enabling readers to stay on the right side of a move more often. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange markets and shows how candlestick charting techniques can be used in almost any market. Reese also uses his years of trading experience to recommend the leading trading tools and software that can support your decision-making in the months and years ahead. Instead, he outlines the five common errors that newcomers make in the forex markets.

• Understanding the Forex market well is often regarded as an imperative component of successful and safe trading.
• Within the book, you will also encounter bespoke forex techniques that can be used as a “rinse and repeat” to try and extract sustainable profits from the markets.
• Whether you are new to candlestick charts or a seasoned pro-the reward will be immediate and long-lasting.
• Filled with in-depth insights and practical advice, this book details what it takes to trade and shows readers how they can broaden their horizons by investing in the futures and options markets.
• On top of that, the book contains some successful testimonies of traders from all over the world.

It includes everything from the basics, such as constructing the candlesticks and learning the patterns, to advanced topics, such as the rules of multiple technical techniques. Central to Douglas’ thesis is that the elements of character that produce success in most of life’s endeavors are completely different from those that will make you successful as a trader. To thrive in business or some professional career, you have to work hard to develop the skills that will allow you to be in control of your environment. To become a heart surgeon, you have to learn how to control your scalpel. Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game.

An Introduction to Forex Trading: A Guide for Beginners

However, this changed following the panic of 1907 – a financial crisis that saw the New York Stock Exchange lose around 50% of its value. The book serves as a reminder to prepare for the unexpected, and to take steps to minimise the potential downside of every trade. It shows that success isn’t determined by luck, but instead depends on one’s ability to develop a solid trading plan and the right mental attitude. You can find anything from the hardcover or a Forex ebook to the audiobooks that you can listen to whenever you have a chance.

But more importantly, he points out the traps that most people fall into and explains why this happens. Backed by compelling examples, Trading In The Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street’s realities, traders will come to leverage the power of their psyche for unprecedented profitability. J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor.

First and foremost, there is a plain-English introduction to how the foreign exchange markets work, including the factors that move the price of currencies and the types of currency pairs available. The book then teaches readers to set realistic investment goals and learn about the concept of risk-reward ratios. Readers are also taught how to understand and use trading tools to manipulate data and master technical analysis to pinpoint trading angles and opportunities. As managing director of BK Asset Management and a renowned currency analyst, Kathy Lien frequently appears on Reuter’s, Bloomberg, and CNBC programs.

Originally published in 1998 (and revised recently), it still remains relevant and is often cited as a must-read Forex analysis book. The author promises its readers that they will be able to discover the fundamental and technical strategies that would allow them to complete with the larger players in the Forex market and trade efficiently. For those with an open mind and a healthy dose of skepticism, “The Alchemy of Finance” is challenging but immensely gratifying. George Soros published this book in 1986 outlining his investment management strategy, which produced exceptional returns for investors in his Quantum Fund over the previous 18 years.

On top of that, this book tells its readers that in spite of human psychology, you do not need to know exactly what is going to happen next in order to make profits. Instead, the book advises to simply keep the trades relatively small to avoid devastating losses, find an edge, and trade with it. The author believes that the fundamental mistake of traders is specific and humankind, in general, is believing that we know more than we actually do. Thus, his main advice to the traders is to limit the risks wherever possible. The underlying principle behind Forex trading seems quite simple – trading different currencies based on foreign exchange rates.

In fact, it’s not a bad read for more seasoned hands who need a quick refresher on the basics. Originally published in 2011, the updated book was co-written by Brian Dolan, former chief currency strategist at Forex.com, and Kathleen Brooks, director of research at Forex.com. It’s great to lean on Donnelly’s trading experience, with industry-leading insights into forex trading psychology and self-improvement – two of the major ingredients that turn new financial traders into profitable ones. Dummies is one of the most popular publishers of introductory level books spanning all manner of topics and subjects. It’s a book franchise that’s made its name by simplifying even the most complex talking points and making them easier to digest.

Additionally, ensure that the CRM provider has a track record of maintaining high levels of security and compliance. Our CRM’s integration with Vertex provides you with a multi-level online and auto trading platform, used by Forex trader’s room, liquidity providers, exchanges, market makers, and brokerage firms. A highly automated, customizable back office system specifically designed for forex brokers. Gain client insights and elevate your customer service level with unique, professional tools.

The B2Core team is excited to announce a new update, version 1.9.0 to the iOS mobile app. This release is a significant upgrade, bringing with it new improvements and capabilities. This version includes improvements to the user interface as well as added features like Apple widgets and 4-digit pin code support.

Included in this scoring category are factors such as a CRM’s value for the money, popularity amongst third-party users, ease of use and more. The overall benefits of CRM software are numerous and ultimately depend on the features included with your chosen CRM provider. Let’s now take a look at how to choose the best CRM option for you so you can take full advantage of these benefits.

A Back Office for your team

At this level, brokers have a unique ability to manage their clients’ relationships. To better serve traders, they create a forex crm system tailored to their individual goals, approaches, and visions for the future. Trading platforms, instruments, and trade assets may all be interchanged in the same manner as financial instruments can. An effective client relationship management system may help a broker acquire a significant advantage in the marketplace, as well as provide positive financial results.

In conclusion, choosing the right https://www.xcritical.in/ provider is crucial for the success of your brokerage. Look for a provider that offers customization and flexibility, integration capabilities, advanced reporting and analytics, security and compliance, training and support, and scalability. By carefully evaluating these factors, you can select a forex CRM system that aligns with your business needs and helps you stay ahead in the competitive forex market. Agile CRM offers a free tier for up to 10 users that includes features such as lead scoring, appointment scheduling, deal tracking, two-way telephony and email tracking.

Forex CRM Back Office System

Altima CRM fully integrates with any interface to simplify your business. There are lots of exciting social trading solutions to help your clients start earning money. Just let your clients choose strategies and get profit easily by copying orders. CTrader is revered in the forex world for its transparency and honesty. It is the first platform that offered STP trading for a wide range of traders and the only open source platform that allows brokers to fully customize the trading platform for the clients. CTrader is the second most popular platform after Metatrader among traders and the first among professional traders.

Seamless integration will allow you to have a unified view of your customer data and streamline your operations, ultimately improving efficiency and customer satisfaction. Boasting intuitive UI and abundant features, this CRM solution is a front-runner in its industry, providing immense value to its users across different financial markets. Bitrix24 is a robust CRM offering core sales pipeline features as well as advanced features for online marketing. It offers a free tier for unlimited users, rare when compared to its competitors. Annual plans start at $49 per month for up to five users with its highest annual plan costing $199 per month for up to 100 users.

Are You Ready to Give Your Business a Competitive Edge?

Activate automated onboarding workflows that assign new leads to the right sales representative and reduce 1st contact times. Businesses with field salespeople who need to manage their sales pipeline on the go. Independent business owners in a creative field who manage leads and ongoing client relationships.

In the fast-paced world of software development, very few companies manage to not only survive but thrive for two decades. Dynamic Works, a leading name in the software industry, and the company behind the pioneering Dynamic Works Syntellicore CRM, is one such remarkable success story. With MT4/MT5 and Vertex Integration, you can integrate your Forex trading platform with our CRM, and manage customer accounts, trades, and other key data from one centralized location.

We used these factors to assign each CRM a weighted score out of five and organize this list of the 15 best CRM software providers. A CRM (customer relationship management) tool is a key part of a forex broker’s business. Forex CRM software enables fx brokerages to offer clients excellent customer service and manage IBs and other partners. The best CRMs for forex brokers are more like a complete broker management system, including back office tools, partner portals, and a traders’ room. In the fast-paced world of forex trading, brokers need to stay ahead of the game to succeed.

Our user-friendly trader’s cabinet offers seamless integration and enhanced functionality for forex traders. We offer a multi-level introducing broker feature that enables brokers to efficiently manage their IB network and track commissions across various levels. An individual area that provides your clients with all the information and they need to manage their account, transactions and documents — the ultimate client retention tool. Create powerful reports to help your sales and marketing teams know which retention campaigns are working well, and which need some improvement. Register new users directly through your own website using API hooks and create your own custom fields so you can track business-specific details unique to your brokerage. When considering CRM cost, it’s important to assess it in terms of value for the features provided.

Best for AI-Powered Sales Features

Use smart lead routing rules to automatically pass leads to sales staff so that they can quickly reach out to warm prospects and convert them while interest is high. Those who want to supercharge their lead scoring and revenue forecasting with the power of AI. Those looking for a well-rounded and easy-to-use CRM with the ability to only pay for the additional features you need.

Forex CRM software offers a wealth of advantages to brokers, from improved efficiency and streamlined processes to invaluable insights that can drive data-driven decisions. It’s also equipped with powerful analytics capabilities for making the right business decisions or helping your customers keep track of their trading progress. Easy implementation and user-friendliness
To guarantee a smooth Forex CRM experience, the setup and configuration process must be effortless. Additionally, the user interface should be user-friendly to ensure that your team has the best possible experience working with the solution. Flexibility
You need to choose scalable CRM software that can grow and adapt to your business’s changing needs.

• You can even add mobile voice notes and integrate your mobile calendar with the app.
• Monitor and accept fast crypto deposits and withdrawals through our payment plugins.
• We use encryption, access controls, and regular audits to ensure its protection and minimize any risks.
• When choosing your CRM software, make sure that it has the necessary customer support to help you take full advantage of the product.
• In conclusion, choosing the right forex CRM provider is crucial for the success of your brokerage.
• Get one single view of a trader and use real-time notifications to help you focus on revenue driving activities.

One crucial aspect that can make or break a brokerage is its customer relationship management (CRM) system. A forex CRM is a software solution that helps brokers manage their customer relationships, streamline operations, and maximize profitability. With so many CRM providers on the market, it can be overwhelming to choose the right one.

As our company is continuously working on new updates, any new feature included in the product will be given at no extra cost. Leverage Forex CRM Solution to boost sales and customer retention for your brokerage. Quickly and easily handle your customer’s enquiries, issues and requests. Leverage our powerful CRM solution to build lasting client relationships. Increase business efficiency, build better connections with your potential business partners, drive revenue and track all your interactions in the same place. Create custom campaign codes and payouts in your CRM for easy tracking and marketing attribution.

MT5 integration provides the same seamless connectivity and centralized management as our MT4 integration, with added features and functionality for advanced Forex traders. With CurrentDesk, you can automatically calculate daily trade and transaction revenue with more granular business rules. You can also tailor reporting based on commissions, rebates and leverages and layer on analytics on top of your trading platform for increased visibility and control.

If you decide to sell the coins in the future, you may have to pay Capital Gains Tax if the cryptocurrency has appreciated in value. On the other hand, if the cryptocurrency has depreciated in value, you will realize a capital loss that can be used to offset other capital gains. HMRC considers buying one cryptocurrency and paying with another cryptocurrency a taxable event since you are in fact disposing of a cryptocurrency. This means that every time you trade two cryptocurrencies, such as when exchanging Bitcoin for Solana, you need to calculate the capital gains for the crypto asset sold – BTC in this example.

The implications of this are that you cannot claim a loss for the purpose of reducing your capital gains. Similar to the same-day rule, the 30-day rule says that any cryptocurrency acquired within 30 days of the sale should be considered for calculating cost basis instead of the main pool. Rather than calculating the average acquisition cost as done for the same-day rule, First-in-first-out (FIFO) logic should be applied for calculating the cost basis for the 30-day rule. The 30-day rule is sometimes also referred to as the “bed and breakfast rule”.

The UK requires a specific type of method for calculating the cost basis of your coins known as Shared Pool Accounting. HMRC does not consider cryptoassets to be equivalent to currency or money, and therefore treats them as a traditional asset for tax purposes. In addition, HMRC considers how to avoid crypto taxes UK that investing in cryptoassets is not analogous to gambling (such that any profits made on investments in cryptoassets would not be taxable). For investments in tokens (such as Bitcoin and Ethereum), any capital gains are therefore in principle within the scope of capital gains tax.

According to the HMRC, cryptocurrency received from airdrops may be considered income if it’s given in exchange for a product or service. Remember, the HRMC has stated that there is no need to complete a Self Assessment tax return for your mining activity if you’ve received less than £1,000 in crypto-assets. If you donate your crypto to a registered charity without receiving anything in return, you can deduct the full fair market value of your crypto.

HMRC has stated that the concept of pooling should be used in the UK to calculate the cost basis of cryptocurrencies. HMRC goes on to say that cryptocurrencies fall within this description and should therefore be pooled. When tax time rolls around and you need to report your gains and losses, you can use the Capital Gains Tax Service from HMRC in real-time, or report annually in a Self-Assessment tax return.

In addition, this will not be counted towards your capital gains allowance for the year. To better understand how airdrops are taxed, consider the 2021 $ENS airdrop. In this case, anyone who previously used the Ethereum Naming Service was entitled to claim $ENS tokens. It’s likely that this would be considered a taxable event since the tokens were given in exchange for using a service.

Some wallets, such as Phantom wallet on the Solana network, have a burn function in exchange for a nominal amount of SOL (your proceeds). Since no new coins are created for soft forks, the fork is ignored for tax purposes. Tax relief is available for donations to UK and some EU-based charities. HMRC does not consider losing your private keys a disposal for Capital Gains Tax purposes. Income tax applies to any wages, salaries, dividends, interest, or other forms of income earned throughout the year.

• The applicable tax rate will be contingent on an individual’s total taxable income.
• If you pay for a cryptocurrency and it turns out to be almost completely worthless, you can make a negligible value claim and reduce your capital gains if HMRC accepts the claim.
• You should consult a tax expert with your specific situation for precise information on the tax implications of a crypto exchange bankruptcy.
• Find out if you need to pay Capital Gains Tax when you sell or give away cryptoassets (like cryptocurrency or bitcoin).

The Wall Street Journal reports that digital-currency wallets connected to Hamas received about $41 million over the past two years, citing the data of Tel Aviv-based crypto analytics and software firm BitOK. The regulatory landscape for digital assets is evolving at breakneck speed. Federal agencies in the United States are suing major industry participants and fighting over whether and which cryptocurrencies are securities. Lawmakers and regulators in the United Kingdom are making strong moves to classify cryptocurrency as a regulated asset.

And jurisdictions like Hong Kong are increasingly opening up to attract more crypto and web3 businesses. Using fiat money to buy and hold cryptocurrency is generally not taxable until the crypto is traded, spent, or sold. However, it’s likely that masternode rewards, be it from block rewards or transaction fees, are viewed as income and thus subject to Income Tax. If you are mining as a business, your mining income will be added to trading profits and be subject to income tax.

Appropriate expenses are also deductible such as computer components and electrical costs if they are used solely for this purpose. Although this is a simple and logical calculation, calculating CGT on your profits becomes a bit more complex when you have multiple transactions to account for. The UK requires a specific type of method for calculating the cost basis of your coins known as Shared Pool Accounting also known as a 104 Pool. In March, 2021, Her Majesty’s Revenue and Customs (HMRC) issued tax guidance on cryptoassets.

This means that even though an airdrop is not taxed as income, the coins are tax-free only until you later sell or otherwise dispose of them. If you have received crypto in return for a service, the coins will be subject to Income Tax and should be declared as miscellaneous income. If you are operating a business, they will be part of your trading profits. For Accointing to provide you with an accurate tax report, it is critical that you connect all your wallets and exchanges, including cold storage wallets. If you have received a letter from HMRC, it is best to be open and cooperate with their request, and be sure to report all of your crypto trades and income in your Self Assessment tax return.

Your capital gains are in general calculated as the difference between the GBP value of the sales proceeds and the acquisition cost of the disposed asset. This guide https://www.xcritical.in/ is quite extensive due to the complex nature of cryptocurrency taxes. Accointing can automate all of the above, as everything on the blockchain is recorded.

If you have a large number of transactions, deducting the exchange fees can make a significant impact on your total tax liability. Most crypto tax calculators like Coinpanda do this automatically for you. HMRC has released clear guidance on the treatment of cryptocurrency received as both airdrops and hard forks. In this section, we will take a closer look at the tax treatment of such transactions. If you sell the coins at a later date in the future, any gains from the disposal will be added to your trading profits and taxed as income. From this transaction, Fred incurs a £1,000 capital gain from disposing of his BTC.