How to Generate Tax Reports on BInance | 2024

How to Generate Tax Reports on BInance | 2024
How to Generate Tax Reports on BInance | 2024
How to Generate Tax Reports on BInance | 2024

In this comprehensive guide, I’ll walk you through the step-by-step process of generating tax reports on Binance. Whether you’re a seasoned trader or just starting out, understanding how to compile accurate tax reports is crucial. Join me as I demystify the process and equip you with the knowledge needed to navigate Binance tax reporting seamlessly. Let’s dive in!.

🔗 Links from video (affiliate links):

Binance https://bit.ly/BinanceFZTM (Referral code, to get 10% Fee Discount: L9SE4TFF )

📽 Timeline:

  • 00:00 Introduction
  • 00:26 Step 1: Generating Tax Statements with Binance Tax
  • 02:22 Step 2: Compiling a comprehensive list of FIAT transactions on Binance
  • 03:43 Q&A Session
  • 03:46 Conclusion

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How to Stake Crypto on Revolut? | Revolut Tutorial

How to Stake Crypto on Revolut? | Revolut Tutorial

If you search option to earn additional crypto using yours crypto from wallet – staking is option for you. In this video I will show you how to stake crypto (in my case Polkadot staking) on Revolut.

Open Revolut Account

From Zero To Millionaire readers can get for free 200 PLN on Revolut using the promo code ‘krzyszb5x!APR2-23-AR‘! All you have to do is:

  1. Sign up with referral link (button below)
  2. Add money to your account
  3. Order a physical card
  4. Make 3 purchase od 15 PLN minimum

Promotion is limited by time (is on/off by Revolut). You can check it always on Revolut website.

🔗 Links from video (affiliate links):

📽 Timeline

  • 00:00 Intro
  • 00:12 What is crypto staking?
  • 00:29 How to stake crypto on Revolut? How to stake Polkadot on Revolut?
  • 02:25 Outro

How to Buy Crypto on Revolut? | Revolut Tutorial

How to Buy Crypto on Revolut? | Revolut Tutorial

In this tutorial video I will show you how to buy Polkadot cryptocurrency on Revolut.

Open Revolut Account

From Zero To Millionaire readers can get for free 200 PLN on Revolut using the promo code ‘krzyszb5x!APR2-23-AR‘! All you have to do is:

  1. Sign up with referral link (button below)
  2. Add money to your account
  3. Order a physical card
  4. Make 3 purchase od 15 PLN minimum

Promotion is limited by time (is on/off by Revolut). You can check it always on Revolut website.

🔗 Links from video (affiliate links):

📽 Timeline:

  • 00:00 Intro
  • 00:13 How to buy Crypto on Revolut / How to buy Polkadot crypto on Revolut
  • 02:05 How to check amount of crypto on Revolut?
  • 02:24 Outro

How to Create Metamask Wallet: A Step-by-Step Tutorial

How to Create Metamask Wallet: A Step-by-Step Tutorial

Metamask full tutorial for beginners – how to download Metamask, how to create Metamask wallet, how to setup Metamask, how to send/receive crypto to Metamask, how to withdraw crypto from Metamask, how to swap crypto on Metamask, how to add supported cryptocurrency, and how to add the new network in Metamask (how to add BSC/Binance network to Metamask). All in one place for beginners!

🔥 https://metamask.io/

Open Binance Account

From Zero To Millionaire readers can get 10% commission ration on Binance using the promo code L9SE4TFF All you have to do is:

  1. Create your Binance account form referral link or use promo code
  2. Start trading!

📽 Video Timeline

  • 00:00 Intro
  • 00:31 How to Download Metamask?
  • 03:52 Metamask basic wallet configuration
  • 04:41 How to add token support in Metamask?
  • 07:30 How to add a new token network in Metamask? How to add a BSC network (Binance)?
  • 11:07 How to add a token to your Metamask wallet?
  • 12:39 How to send/withdraw token from Metamask wallet?
  • 14:33 Outro

What is Metamask?

Metamask is a FREE extension to the browser and smartphone app to create the cryptocurrency wallet that allows you to manage your cryptocurrency on the Ethereum blockchain. You can send and receive your cryptocurrency’s using this wallet.

How to Download Metamask?

First what we need to do is download an Extension for our browser from the official webpage of Metamask. To do this type in browser link: https://metamask.io/download/

As you see this wallet is supported almost on all browsers – Safari does not support this extension and this wallet works on Android and iOS devices.

Choose your browser. In my case will be Firefox and simple click Install Metamask for Firefox.

When the extension will be installed we can start creating our Metamask wallet.

  • Select option create new wallet
  • InNext we need type password for this application – good to set strong password. For this purposes you can search in Google something like Password Generator and generate strong password – remember to save this password. Good option to store this password can be LastPass or 1password – password’s wallets.
  • In this step we see a few phrases and this will be for us very useful if we will want to recover our account and this is very important to not show this frazes to any person – this is only for you. So write this phrases in paper and secure this to anyone hasn’t access to this (remember order of this words has matter, so wrote it in the same order like you see on this fields)
  • In next step we need select phrases in good order like we saw in previous step – this is test are we have wrote our phrases in good order.

Congratulations your first Metamask wallet is created! Now you should see the Metamask dashboard.

Metamask basic wallet configuration

Now when you have your cryptocurrency wallet you can make a basic configuration of this wallet.

Click on your logo and select option Settings.

Start from General settings where you can set your Currency Conversion for me USD is ok, so I go to the next option.

I set Primary Currency for a Fiat because this is easy to read for me.

Below you can change the language for your language to easily manage this wallet.

How to add token support in Metamask?

Go to the dashboard and like you see the default is ETH because it is the base ETH wallet.

To add additional cryptocurrency push-button Import Tokens and here you have two options to add tokens to your wallet:

  • First option is easy and you can simply search this token and when you find token click in this token and push button Next. In next step you will see summary with question “Are you want to add this tokens?” if yes push button Import Token
  • Second option is add some token if not exist, so we back to dashboard and click again Import Tokens and next select option Custom Token. Here you need manual fill those fields.
    • Go to https://coinmarketcap.com/ and found your cryptocurrency in my case will be CRO (by the way this is too very nice projekt where you can get cashback for each your order – I made first move where is unboxing this card and soon I think there will be more info about this project).
    • Find Contract field and here we have two option to add this cryptocurrency
      • Click this button to copy contract code and paste to Metamask and rest of fields should fill automatically or you will be add this manually
      • Second option is push logo Metamask and now you will see info with question are you want to add this token to your wallet.

How to add a new token network in Metamask?

We have some basic knowledge of how works Metamask, now it’s time to add a new network to Metamask.

Why do we do this? The main goal of this is a gas fee for transferring cryptocurrency in the network. Network Ethereum is not a cheap place to make transfers, so a better option is to use another network.

For this video, I selected the network Binance Smart Chain (BSC) network.

Here we have two options to add a new network:

After this you should see your new network with a basic token like is BNB and this toke will be needed for a gas fee if you want to make some transfer.

Here you can add the too new token in the same way as you made it for the Ethereum network.

One pro tip if you want atomically add cryptocurrency from https://coinmarketcap.com – now you can choose what network you want to add this cryptocurrency.

How to add a token to your Metamask wallet?

To add tokens to your network first you need to add a supported token to your network (I show you how to do this at the beginning). If we have added our token to our wallet we can click on our Account to copy wallet ID or choose from the menu (three dots) Account Details and copy ID to our wallet.

Next, go to the place from where you want to send this cryptocurrency to this wallet and type there this wallet ID (not forget to select on what network you want to send it to because you can have the same cryptocurrency on a different network).

How to send/withdraw tokens from Metamask wallet?

Go to cryptocurrency that you want to send and push-button Send.

Type wallet where you want to send this cryptocurrency and the next step type how many you want to send and you will see how fee you need to pay for this transfer at the selected network.

At network Ethereum, this will be a fee in ETH but in the network, this price will be in BNB.

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