questions answered briefly money
Money: Bitcoin payments are handled by selling the exact amount of Bitcoin needed at the moment of payment and paying the shop in its currency [2]. Velorin pays no interest or yield and does not lend out your crypto [2]. There is no inactivity fee; all charges are on the fee schedule [2]. Tax may apply because paying with crypto is a sale of that crypto, and the app exports your full conversion history, but Velorin cannot give tax advice [2].
Sources
Answered from the Velorin Pay knowledge base.
Follow-up questions
- Questions, answered briefly. — Company
- Questions, answered briefly. — The account
- Questions, answered briefly. — The card
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