Learn about the types of cryptocurrency scams the Attorney General's Office commonly sees, how to avoid them, and what to do if you fall victim to one. Trade the names you know—with a name you can trust.Common ways to buy Bitcoin include Bitcoin wallets, centralized cryptocurrency exchanges, certain traditional brokers and Bitcoin ETFs. This article will teach you how to trade Bitcoin options and cover effective strategies to maximize profits while minimizing risk. The IRS considers cryptocurrency to be property, and capital gains and losses need to be reported on Schedule D and Form 8949 if necessary. The easiest way to buy anything with Bitcoin is with a crypto debit card. Such cards are preloaded with the cryptocurrency of your choice. Complete Form 8949 – You must report each cryptocurrency sale or exchange on IRS Form 8949, including the cost basis, sale price, and capital gain or loss. Let's help you find a bitcoin wallet. Answer the following questions to create a list of wallets that meet your needs.