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Binance Savings and tax UK

Binance

Cryptocoins Exchanges / Binance 138 Views

Howdy, hopefully some will have the ability to give me a clarity on this - how UK taxman sees placing crypto into Financial savings on Binance and redeeming it? Usually, my understanding is that staking is seen as disposal of crypto, any cash acquired from staking is seen as revenue, and getting your crypto back can also be revenue (please right me if I’m improper). Are Binance Savings seen the identical approach - once we are putting a coin into financial savings we are disposing of it?

submitted by /u/Exotic_Stick7422
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