Cryptocurrency Q&A
What to do with worthless cryptocurrency?
What to do with worthless cryptocurrency?
CryptoElite
Sat Nov 30 2024
|
6
answers
1587
I have some worthless cryptocurrency in my wallet and I'm not sure what to do with it. It's not worth much and I don't want to just throw it away, but I'm not sure if there's anything else I can do with it.
6 answers
RubyGlider
Mon Dec 02 2024
This implies that it can no longer be traded on any exchange or platform.
Was this helpful?
370
64
CryptoWizard
Mon Dec 02 2024
In such a scenario, you may have the option to claim a loss for tax purposes.
Was this helpful?
224
34
Tommaso
Mon Dec 02 2024
One way to do this is by intentionally discarding the cryptocurrency.
Was this helpful?
350
75
henry_miller_astronomer
Mon Dec 02 2024
When a cryptocurrency loses all its value, it essentially becomes worthless.
Was this helpful?
265
99
Enrico
Mon Dec 02 2024
The process of claiming an abandonment loss is outlined further below.
Was this helpful?
225
23
Load 5 more related questions
