45 Comments

1. Hi Lewis!
   Thanks for all your amazing vids!! I share your vids with a lot of Senior people because they all understand your perfect and easy explanation of all topics you discuss.
   I am really interested in the trust option and off-ramping without converting in fiat money.
   Let’s go brother!!! Thanks again!

2. I mean, it’s one way to get around capital gains 😉 but provided you haven’t hit the yearly threshold you won’t be charged a taxable event

3. Xrp reminds me of software similar to that of Google translate… except for forex markets

   That was and is the goal. Xrp was and is the goal

   So “they” used reverse engineering to see how can we make the public hold digital money? This way “they” hold the Google translate of the digital forex market

4. Keep in mind that the Uphold card is not available in the U.S. Also, until merchants and people start commonly taking crypto as a form of payment (which is likely a good distance in the future) there is a need to convert crypto to fiat in order to use it in society and to take off risk just as you might due with a stock/equity.

5. Excellent video

6. In the US, every single conversion of xrp to something else, whether it's a short, a stock, a house, a car, another crypto, or Fiat is a taxable event

   The tax mitigation comes in the structure of the entity holding the XRP, not in how you spend it.

   If you want to skip the bullshit and complex hierarchies, a non grantor, complex, discretionary, spendthrift, irrevocable trust is where it's at

7. 12:15 theres no interest or anything when you take that loan? I mean Whats in it for them. The idea is smart. Definitely making the money work you. I have ideas like this but with crypto or sell for fiat to buy cash flowing assets I don’t know.

   It’s a very complicated subject

8. He lost me when he said his most valuable asset was XRP.

9. You said if you transfer your profits from exchange to bank it becomes a tax event, it’s already a tax event every time you sell or swap your cryptos.

10. Wonderful Video !!

    Of the many subjects of videos that I watch your videos are
    among the most " Rewatched "

    Love your content …

11. Uphold sucks for little guys. Fees just keep chipping away even on staking. You need to be rich to get the good service fees.

12. Good info

13. just found your channel…!! i really enjoyed it. very informative

14. Thanks Lewis . Im British now living in Australia

15. There is no such thing as crypto can you see it hold it put it in your pocket what if electricity goes out what if the internet goes down. Let me ask you a question would you buy property that did not exist and the only way you made money is if somebody was willing to pay you more than you paid for it 😜 for something that really doesn't exist. Happy investing

16. I love your content, Lewis. You would do me a huge favor if you could tell me about lending out XRP without losing custody. Thx, Mate. ❤❤

17. @FuturXOfficial @PositionEx is still a young project with a lot of new features

    ✳️ Super Utility, several use cases, and a strong fundamental

    #Posi🍀 HOLD YOUR GEMS 🍀
    #FuturX

18. Good video, my thought process is the same. Don't touch the Capital of the Asset, use the staking/lending XRP to pay off loans. XRP will only get more valuable over time

19. Hi Lewis I’m struggling with knowing where the safest place to keep crypto is it the ledger type storage or a place like zuum which uses the xrp ledger it is mentally worrying please help

20. The way crypto is being utilised already, by purchasing items and such, then we may not need to move it into banks and lose tons in paying taxes.

21. Isnt spending your crypto (purchasing with crypto) still a taxable event in the uk? Im sure it is according to the HMRC.

22. Lew I freaking love your vids ❤😂

23. After XRP buy out, some XRP holders will either become millionares or billionares or trillionares

24. It's a 10-20 year game even from this point, most of us won't see the potential in our lifetime, do it for your bloodline if not yourself! Peace and love brothers XRP and BTC are the holdings

25. Plan will be to cash out some of my profits to purchase income generating assets which include real estate and adding to my dividend stock portfolio with profitable companies. Aiming for 7-10 % annual return. I'm aiming to achieve financial independence here . The rest of my cryptos will be kept until institutions can provide a secure platform for staking, to further boost my annual returns from my assets which i hope will give absolute financial freedom. I will also use my crypto sales to buy more gold and silver which has been my way of saving real money.
    Plan to keep my xrp. There are other cryptos in my portfolio that I can sell

26. I finally found my 50$ worth of Shib at .000006

27. I don't know how I just saw this and you for the 2st time, but awesome video, now I gotta go find the the video where you talk about the trust cause I have lots of xrp. Tha k you so much.

28. You alway come with common sense Lewis. 👍👍👍

29. Hello Lewie Lulu😊. Filtering crypto profit taking into a trust sounds like a good idea. Please share more for this ordinary Joe. Also the Uphold card is very cool sounding…Plus when will AMM start up? Mickey b. Fresh on YouTube seems to be leading the pack on education regarding AMM…how was New York? I live on the northwest coast US. Cheers🎉!

30. In Puerto Rico there are 2 ways you can cash in tax free.

31. imagine getting into crypto to pay tax 🙂

32. Has any one invented a beneficiary for the crypto account Lets say i die an i want to leave my crypto account to my son is their such a thing.

33. How do you collaterise xrp without spending it?

34. Thank you for doing this. How about Glint Gold card assets, would you consider this?

35. Singapore: your advice is on point and real. Recently, I have been buying several assets through Coinbase. Initially, I was able to transfer them to my Tangem and Trust Wallet. However, for past three weeks, I was not allowed to for my XRP and XLM assets. I was also not able to sell them or cash out. I can only Buy. Everyday I would try to transfer them only to be told that my country doesn’t allow it or Coinbase does not support my wallet at this moment or totally silent. Several emails were ignored totally. No way to contact them but all these whiles I’m allowed to buy more. I can’t sell nor transfer.
    Finally, on Monday; I was able to sell XRP before market opens at a lower price than I desired as its price has risen.
    As for XLM, I’m still not able to transfer them to my own wallet. Beware! There’s nothing you can do should they just ignore you even in Singapore.
    Currently, I’m looking for alternative exchange to buy more as I am turned-off by Coinbase non-contactable communications. There’s. Nothing you can do take Coinbase to task.

36. What if I've moved all assets off an exchange. How do you deal with that in terms of spending, taxes, etc for other nonXRP coins. I fully plan to stake my XRP.

37. How can we transfer real property into digital value?

38. I really appreciate how u give all the necessary information explaining the intricate parts of how to maneuver the space is awesome. Thank you

39. Crypto is too volatile. Nobody recognizes it for payment. Until you can buy groceries, a car, a house, gas your going to sell your crypto for a currency that you can actually spend

40. This guy is for sure getting a kickback from ripple. Xrp right now in the U.S. you literally cant buy anything with it. If the price of xrp goes up you have to sell it for something less volatile or you will watch the prices go up and then right back down

41. Moving fiat from exchange to bank is not the taxable event its exchanging the crypto to fiat on the exchange. It does notify the tax authorities in your region that they need to look out for your tax return however.

42. How do you sell xrp through XUMM

43. You didn't mention one of the biggest problem retail investors fave when off ramping to a bank, most banks will freeze your account if they detect it's crypto related.

44. What are the trusty exchanges or institutions that you've found that can collateralize your XRP (or crypto in general) for fiat?

45. You're wrong my friend – moving £ into a UK £ bank account is not a taxable event, it's just a transfer.
    HMRC are clear that EVERY swap from one token to different token or FIAT is a taxable event and must be used to calculate capital gains.

    Further more using assets to earn a yield is subject to income tax.

    The major problem now is being de-banked when attempting to actually pay the tax that's due

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