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Tax Evasion with Cryptocurrencies Could rise due to De Minimis Exemption

Press Release

Wisebitcoin’s User-Friendly Interface, Trading Tools, Deep Liquidity and Speed Put the World’s Leading Cryptocurrency Exchanges on Notice

Reading Time: 3 minutes by on March 22, 2021 Press Releases
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The Current Bull Run

Bitcoin recently hit a new all-time high of over $61,600 on March 13, 2021. Multiple factors contributed to this somewhat sudden yet sustained rise.

First, the media frenzy surrounding the meteoric appreciation in the value of the world’s first cryptocurrency over the past year or so (from about $9,000 in March 2020 – an increase of over 500%) has been mostly positive and has continued incessantly.

Second, the maturing crypto space has attracted an influx of traditional money managers, bringing in wave after wave of new and intermediate traders.

Third, more and more large, traditional financial institutions are opening up to investments in Bitcoin, both as a hedge against the inflation expected in the aftermath of unprecedented government spending and debt in response to the COVID-19 pandemic as well as for pure investment/store-of-value purposes. Blue-chip financial services companies such as JPMorgan are planning launches of cryptocurrency exposure baskets, crypto clearinghouse options, and other crypto services to their customers.

These factors, along with better clarity regarding crypto tax rules, the rapid maturity of the altcoin space and the projects they power, and the realization that cryptocurrencies are the next logical step in the evolution of money, have created a bull market. Aside from cyclical highs and lows, this bull-run is expected to lead to new all-time highs for Bitcoin and altcoins across the board.

Meeting the Needs of Professional Traders

What’s needed today is a cryptocurrency exchange that is up to the task of delivering the enterprise-grade trading tools demanded by professional traders in the market we are in today. This is what Wisebitcoin was founded on.

Wisebitcoin is a cryptocurrency exchange that is part of a network of over 200 global cryptocurrency exchanges. Combined, these exchanges provide services to roughly 280 merchants, and they boast a user base of 15 million. Daily trading on the platform exceeds $6 billion on average, and high transaction speeds help shield against losses in the event of changes in price during order execution. The highest recorded transaction speed on the platform was 2,300,000 transactions per second for a single trading pair.

Wisebitcoin has a unique Affiliate Program that is available for all users – even without Know Your Customer (KYC) formalities. Furthermore, the exchange supports deposits in over 30 cryptocurrencies and supports spot trading for over 50 cryptocurrencies, including popular trading pairs that include USDT, BTC, ETH, and more.

The exchange also supports over 100 stablecoins and facilitates perpetual futures trading for coin-swaps denominated either in USDT or other preferred coins to secure short or long positions based on the trader’s assessment of coin and market fundamentals. Wisebitcoin also supports trades with up to x100 leverage, as well as trading in leveraged ETFs.

With 24/7 live support in multiple languages, a simple but performant interface, native apps for iOS and Android, and cold wallet storage, the exchange provides all of the necessary services required by – and demanded by – professional traders. To secure trader funds from loss via hacks or unauthorized use, Wisebitcoin has its own insurance fund that will be used in the unlikely event of a security breach.

Wisebitcoin is part of the Prime Group, the owner of several brand-name financial institutions, including Land-FX UK – a financial services company regulated by the FSA and winner of the Best Trading Platform at the World Forex Awards 2020.

With all of these features and services packaged into a high-speed, easy-to-use platform, Wisebitcoin is transforming the crypto exchange game and is helping professional traders derive maximum value from the current bull market. Visit to sign up or learn more and find out about ongoing campaigns, promos, and other niche offerings.

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