Can you buy NBA Top Shot with a credit card?
You can buy and sell on NBA Top Shot using a variety of payment methods, including both credit card and cryptocurrency options: Purchase packs, Moments, and Dapper Balance with both credit and debit cards (Visa, Mastercard) during checkout.
Do I have to pay taxes on NBA Top Shot?
What is The Tax Rate On NFT’s? The capital gains income derived from your traditional cryptocurrency investments (BTC, ETH, etc.) is subject to regular capital gains tax rates. These are the same rates that capital gains from stocks get taxed at.
What wallet does NBA Top Shot use?
Q. How does Top Shot work? Top Shot is a platform where you can buy and sell digital basketball collectibles. It’s powered by the Flow Blockchain made by Dapper Labs, and it uses non-fungible tokens to authenticate its digital collectibles.
Can you withdraw money from NBA Top Shot?
NBA Top Shot withdrawal requests work only with banks based in the United States, but you can also move your money to an e-wallet. You can withdraw a minimum amount of $30 with a $25 processing fee. The NBA Top Shot withdrawal procedure requires identity verification.
What is NBA Top Shot?
Last October, NBA fans were greeted by a new online marketplace for basketball collectibles. Called NBA Top Shot, it allows users to buy, collect, and trade video clip packets of NBA players and moments, like a LeBron James dunk or a Vince Carter three-pointer.
Why is NBA top shot worth money?
NBA Top Shot has kept the prices on packs cheap enough where basically everyone who gets one is guaranteed to profit off it. That may not always be the case, but it’s the case at the moment. That’s one of the biggest differences between buying a pack of physical sports cards and buying a pack on Top Shot.
How often are NBA Top Shot drops?
NBA Playoff Packs Release 2. Every Moment matters. Especially this time of year.
Is there an age limit for NBA Top Shot?
NBA Top Shot is a platform for collectors 18 and older. Minors are not allowed to own an account on NBA Top Shot. If you are under 18, we cannot offer you an NBA Top Shot account.
How do taxes work on NBA Topshot?
Basic rule: There’s no tax if you don’t sell
The tax hit only happens once the collectible is sold or transferred for consideration. … Income tax kicks in once the collectible is sold and there’s a gain on the sale. So, if you’re not keen on paying income tax, just don’t sell it at all.
Can you have more than one NBA Top Shot account?
As of February 2, 2021, owning multiple NBA Top Shot accounts is no longer allowed. When users have more than one account, it creates an uneven playing field within the community, and significantly increases the time it takes to process withdrawal requests.
Is Dapper wallet safe?
At the heart of Dapper is a peer-reviewed, commercially audited Smart Contract Wallet. Each of your devices holds individual keys encrypted locally. The Dapper Smart Contract itself is fully audited and final: this means you can safely use Dapper to store your most prized possessions.