You Can’t Avoid Crypto Tax Here’s How to Pay Less in Australia

In general, new cryptocurrencies are launched with a small valuation. By David Yaffe Bellany. Blockchain scaling refers to its ability to handle more or less traffic in stride. 76% of retail investor accounts lose money when trading CFDs with this provider. These are when the block reward paid to Bitcoin miners is cut in half. Remember that the attitudes towards the financial market are not always based on quantifiable data but reflect the collective emotions of the masses. A PDF is attached to the emails, with messages either promoting Elon Musk's fake investment platform or including an invite to an unspecified "community" that includes a photo of Melinda and Bill Gates on the advertisement. Step 2: Purchase the hardware and install required software. As the 5SCAPE token is used to access its ecosystem, play games, earn more crypto, and participate in DAO decisions, its demand would exceedsupply. Related: How To Buy Cryptocurrency. While you can invest in cryptocurrencies, they differ a great deal from traditional investments, like stocks. Volatility profiles based on trailing three year calculations of the standard deviation of service investment returns. 08% increase in the last 24 hours. Watch the hype when it launches. Since then, an investment in cryptocurrency is considered legitimate, though there is still ambiguity about the issues regarding the extent and payment of tax on the income accrued thereupon and also its regulatory regime. Similarly, Cosmos also offers scalability due to its interoperability model of shared communication and sustainable measure such as the PoS consensus algorithm, which reduces carbon footprint by 99%. The most exclusive news on Bitcoin and cryptocurrencies, trading, fintech, and blockchain. Setting the industry standard in journalism, crypto. It's meant to expand Ethereum into a multichain system. Bitcoin investment schemes. These 3 cryptos promise to turn $500 into $500K by 2025. A safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency. The scheme is largely dependent on the coin, and there is currently no standard form of it. It provides a platform for developers to build and deploy Decentralized Apps alongside Smart Contracts. At the time of Musk's first tweet mentioning the cryptocurrency, a single Dogecoin was trading at $0.

Headlines like this are shameful Motley Fool should be embarrassed

To learn more about this meme coin, go through the Pepe Unchained whitepaper, join the Telegram channel, and visit our guide on how to buy Pepe Unchained. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the relevant Product Disclosure Statement PDS and Target Market Determination TMD or the information they can provide. Bitcoin is the world's first widely adopted cryptocurrency — it allows for secure and seamless peer to peer transactions on the internet. Learn more about our methodology. Buy XRP with Best Wallet. Bitcoin and Bitcoin Cash. The safest exchanges are those that have stringent security measures such as registration with AUSTRAC, 2 factor authentication 2FA, an insurance fund and cold wallet storage in place. Crypto purchases with credit cards are considered risky, and some exchanges don't support them. Transactions are recorded on a digital ledger called blockchain, which is maintained by a network of computers. Besides, it even provides liquidity and other central bank digital currency services through its decentralized model. As the first decentralized digital currency, it has maintained its position as a store of value, often referred to as "digital gold. Use the number pad to input the amount you want to spend in your local currency. Dollar yields by subscribing to the fund, and Nomura is working on its own fund that offers yield from Ethereum 'staking' through its Dinero partnership", Carstens adds. The hack worsened a cryptocurrency selloff by an additional $42 billion. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. A number of aid agencies have started accepting donations in cryptocurrencies, including UNICEF. To initiate a Bitcoin purchase on a platform like bitcoin. If you're looking to invest in Bitcoin, you have a variety of ways to do so, and you can work with a number of companies, including. Don't let a company director steal your cash. Security can also be of concern. "The rankings of countries in terms of the environmental impacts of their Bitcoin operations change depending on which environmental footprint is considered. BlackRock CEO Laurence D. Get our industry leading insights.

Guce

Then there is straightforward cryptocurrency hacking, where criminals break into the digital wallets where people store their virtual currency to steal it. Another example is that Riot Platforms operates a Bitcoin mining facility in Rockdale, Texas, which consumes approximately as much electricity as the nearby 300,000 households. Bitcoin, the largest cryptocurrency, is currently trading at $55,013, 17. PrimeXBT stands out with its advanced trading tools and leverage options, enabling users to maximize potential returns. The market value in AUD of the purchased coins is used to determine the capital gain. At least, we hope it's going to be your tutorial, for we've written our blog piece as a kind of development guide, and by reading it you'll know how to approach the whole thing. "Whitepaper," Page 15. In general, investors should consider the following when evaluating a crypto. Many aim to track the value of a government issued currency for example, USD. In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. 47 as of July 20, 2024, down from its peak of $US28. I had NO IDEA crypto wallets existed, this is REALLY helpful information. CFDs are a leveraged product, which means you can open a position for just a fraction of the full value of the trade. Unlike traditional currencies https://aus-online-casino.com/legal/ governed by centralized authorities, cryptocurrencies operate on technology called blockchain. Paul Vigna of The Wall Street Journal described altcoins in 2020 as "alternative versions of Bitcoin" given its role as the model protocol for cryptocurrency designers. Even a few traditional brokerages offer promotions from time to time. The remittance economy is testing one of cryptocurrency's most prominent use cases. We use the market cap to rank cryptocurrencies and determine their market dominance. They are called "faucets" because they drip small amounts of cryptocurrency over time, just like a faucet drips water. You can often secure an immediate upside too. The decline was dramatic, but it bears noting that the number of crypto industry job postings was extremely small even at the peak: less than 0. Close the position once you realize profit and withdraw the money to your personal account.

What is cryptocurrency?

As the name would suggest, some cookies on our website are essential. CryptoRank Tracker and Portfolio. Finally, be aware that some exchanges will require you to complete additional verification tasks in order to unlock full account features and higher transaction limits. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. In the rest of the world, cryptocurrency regulation varies by jurisdiction. In other words, the "rails" of all products and services i. And, as with most other investments, if you reap capital gains selling or trading cryptocurrencies, the government wants a piece of the profits. Daily videos sent straight to your inbox. There have been many high profile hacks, scams and collapses over the past few years, such as the downfall of the world's second largest crypto exchange FTX, which left many people out of pocket and reduced confidence across the market. A property investment scheme with many risks. The platform has an easy to navigate and beginner friendly UI and features an education hub where you can take crypto courses to learn new skills and test your knowledge with quizzes. "I would tell them to first potentially reconsider dealing with cryptocurrencies at all. Binance users appear to critique it for two main reasons – poor customer service and an overwhelming user interface that is not well suited for beginners. This enables investors to gain exposure to their preferred projects. Solana's goal is to improve the performance of blockchain technology and simultaneously lower costs. One company is operating data centers for mining operations at Canadian oil and gas field sites due to low gas prices. "Bitcoin: A Peer to Peer Electronic Cash System," Pages 3 4. No promotion available at this time. The platform is easy to use for both newcomers and experienced traders alike. This precludes the cryptocurrency from being spent, resulting in its effective removal from the markets. It is built on the Binance Smart Chain, which reduces the overall transaction fees when using GALA in the game. Whether it's purchasing in game items, participating in tournaments, or earning rewards, the Playdoge token offers a seamless experience that is both fast and cost effective. So when we talk about any cryptos outside of bitcoin, all of those cryptos are considered altcoins. If you've invested into a coin that's plummeted from hero to zero, or fallen foul of a rug pull, there is a small silver lining as you can harvest these unrealized losses to reduce your tax bill. If you're buying cryptocurrency through a broker, crypto is usually held in a crypto wallet linked to the exchange. Coinbase has tiered maker and taker fees based on your trading volume. At press time, $BDJ can be staked to generate an annual yield of more than 6,250%. Should investors consider it. "What are Tether Tokens and How Do They Work.

Cointree

Staking ensures that passive income is earned even when prices are bullish. Cryptocurrencies represent a brand new decentralization model for money. Kaspersky Internet Security defends you from malware infections, spyware, data theft and protects your online payments using bank grade encryption. The programming behind making a unique token can be very complex. Equal Housing Lender. This system allows users to more easily make transfers from other cryptocurrencies back to U. Dogecoin's forecast for 2025 suggests a price range from $0. Stay tuned or contact us for more information and the updates. Yes, like any market, trading cryptocurrency can be profitable if you correctly predict the direction and timing of price movements.

How to buy crypto currencies?

Less any discount you are entitled to on your gains. Our team of crypto experts has analyzed over 300 new cryptocurrencies and put in over 600 hours of research to compile this top list, focusing on seven key data points to formulate our rankings. He mooted regulating the cryptocurrency market rather than completely banning it. But even that elevated price is a huge 82% discount from where it was trading at just two years ago. Stretched target: $23. This is not an exhaustive discussion of all the relevant Australian laws that apply in relation to an ICO offering a security. Freedom to hold crypto anywhere you like. QE is when a country's central bank purchases long term securities – generally government bonds – in the open market, thereby injecting more cash into the economy. Some stores accept crypto as payment for goods and services. Security and transparency are central to Chainlink, given its role as a bridge between blockchains and external data sources. When you open the wallet app, at the top right corner, you will see a button as depicted below, "Deploy New Contract", click it. Users can fund their accounts using Australian dollars AUD and access a wide range of cryptocurrencies based on market demand and regulatory compliance. Also, there are many, many other cryptocurrencies with the potential to grow. If there's not a lot of volume and you put an order in, that's called slippage.

What is NFT Fashion and will it transform the industry?

You have probably read about some of the most popular types of cryptocurrencies such as Bitcoin, Litecoin, and Ethereum. And Canada, have indicated that if a coin or token is an "investment contract" e. Just choose a popular and reputable one like lemmy. Other popular options include CoinW and XT. NFTs are bought and traded using cryptocurrency. 8Ezra Reguerra, "85% of merchants see crypto payments as a way to reach new customers: Survey," Cointelegraph, July 6, 2022. It's not a good characteristic for a politician either—but that's another story. The ACCC recently commissioned a report titled Targeting scams that investigated the scams many Australians are falling prey to. Risk Warning: Trading on financial markets carries risks. You could follow a new crypto on its Discord channel with the hope of participating in an invite bonus pool for the people who drive the most traffic to the channel. Regulations differ from place to place, so always familiarize yourself with local rules before investing. Com regularly updates its rankings, ensuring you have the latest information on the best platforms to meet your trading needs. In a distributed ledger, the currency's movement is processed by computers in a decentralized network to ensure the integrity of the financial data and ownership of the cryptocurrency. The platform supports staking, allowing users to earn rewards by locking up their tokens.

API integrations

Moreover, state owned banks have started offering digital yuan based financial products, such as loans and salary payments, further expanding its utility. On the OANDA mobile platform, it is shown as Max Position Size in the instrument information section. Here, you can find them ranging in price from hundreds to tens of thousands of dollars. Cook Islands Prime Minister Mark Brown defended the legislation as part of the territory's fight against international cybercrime. However, mining popular cryptocurrencies requires considerable energy, sometimes as much energy as entire countries consume. Bitcoin ranked as one of the most expensive cryptocurrencies existing by April 2024 although values changed noticeably. Only for National Pension Scheme NPS related grievances please mail Redressal Officer GRO Mr Karan Dalal, Mo. If you only want to buy cryptocurrency as an investment, you may be able to do so through your brokerage. Invest with a crypto brand trusted by millions. By making sure that verifying transactions is a costly business, the integrity of the network can be preserved as long as benevolent nodes control a majority of computing power. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. Registering with this unit requires that all exchanges are certified by the Information Security Management System and that they ensure all customers have real name bank accounts. And there's no obligation to fund your account until you're ready to trade. Ethereum has also experienced tremendous growth. The current circulating supply of Quantum is 0 QUA which means that Quantum has as total market cap of 0. 9% for stablecoins, 1. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers.

Loss, theft, and fraud

On Independent Reserve's Secure Website. Have become highly centralized. Attention to detail is also crucial. Click to download from. Centralized exchanges are the most prevalent type of crypto exchange in Australia. Our team curates the cryptocurrency list. Select 'Close position' and set the number of contracts you'd like to close. The most notable example of this is Hamster Kombat, which is getting ready to launch its token very soon.

Stablecoins

POL tokens are used for paying transaction fees, participating in network governance, and as staking tokens to secure the network. You can check out the crypto storage options from here. On Robinhood's website. In summary, Moons are not just a reward system but a multifaceted digital asset with growing applications, from enhancing subreddit engagement to serving as a currency in blockchain based games. Measure content performance. Instability in the US stock and debt markets. As the 5SCAPE token is used to access its ecosystem, play games, earn more crypto, and participate in DAO decisions, its demand would exceedsupply. The live exchange rate of a digital currency is decided by the balance of buyers and sellers on cryptocurrency exchanges. Bitcoin gave us decentralized money, and altcoins gave us a decentralized economy. Which crypto will explode in 2024. Once a block is added, it can't be reversed or altered — which is why people describe blockchains as "immutable. This enables collaboration across a distributed network rather than relying on centralized platforms. Combine finance and technology and you get companies in this space. Crudo Protocol unveils game changing app features as CRUDO token presale sells put. At the forefront of the industry, AI crypto projects saw substantial increases, especially in the first quarter of 2024. ✓ Access 300+ assets ✓ Trade instantly ✓ 100% reserved and transparent. There are also additional risks when investing in cryptocurrencies—such as the many cryptocurrency related scams. In the United States and Canada, state and provincial securities regulators, coordinated through the North American Securities Administrators Association, are investigating "Bitcoin scams" and ICOs in 40 jurisdictions. Investing in cryptocurrency can be daunting due to conflicting information and lengthy explanations. When you buy cryptocurrencies in the spot market you get immediate delivery. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Online with an expert

The text of the scam specifically encourages the recipient to click on the link by claiming that the recipient has been the victim of a data breach. However, that's always been the case with many financial revolutions in the past too. Cardano frequently ranks within the top ten cryptocurrencies by market capitalization and trading volume. Select a country / region. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings. Before making any investment decision, especially in the dynamic field of private markets, it is recommended that you seek advice from professional advisors. Newsweek writer Erin Gobler contributed to this post. While traditional financial products have strong consumer protections in place, there is no intermediary with the power to limit consumer losses if bitcoins are lost or stolen. To maximize tax benefits and ensure compliance, maintaining accurate and comprehensive records of all cryptocurrency transactions is extremely important. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger.

Pros

Remember, what you write and how you write it will set the pace for the whole text, so make sure it matches. Contact phone numbers. As a result, as of 2020, it was possible to arbitrage to find the difference in price across several markets. Before using any exchange, it's essential to do your research, read reviews, and make an informed decision on what exchange is right for you. Besides that, CoinSpot provides users with a software crypto wallet and a crypto credit card. While virtual currency existed in different forms since the 1980's, it's becoming more mainstream today. 6 million Australians have invested in crypto, there is plenty of growth left for cryptocurrency in Australia. For example, all ERC20 token transactions require some ETH for gas in order to execute. Portfolios with ALPHA. It is therefore an investment that presents risks, and requires a certain level of knowledge, or guidance from a knowledgeable specialist. He believed that DigiCash and other projects hadn't succeeded because they were centralized and therefore based on trust. Cointree fees depend on the account tier of each user. There are also centralized databases, outside of blockchains, that store crypto market data. However, the efficiency of the Bitcoin system can be significantly improved by optimizing the rate of coin creation and minimizing transaction fees. 8 Money Moves Many Homeowners in America Could Make Today. How to buy Internet Computer. Play to earn P2E games, also known as GameFi, has emerged as an extremely popular category in the crypto space. Yes, the ATO can track crypto. In 2021, the price of Dogecoin reached an all time high of nearly $0. Crypto All Stars is an upcoming crypto coin that will allow users to stake their favorite meme coin — including DOGE, SHIB, FLOKI, TURBO, and BONK — in one place: the MemeVault. Is there a clear use case for your coin, or is it primarily intended for speculative trading. Invest in fractions of your favourite ETFs without committing to a whole share. Call +44 20 7633 5430, or email sales. Brian O'Connell and Rachel McVearrySept. Its adoption is heavily tied to the Binance ecosystem, expanding as the exchange grows and introduces new services. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. We want to clarify that IG International does not have an official Line account at this time. Its movements continue to set the sentiment of the entire crypto industry. No consumer protection.

Are there any deposit and withdrawal limits on CoinSpot?

The Kaspa ledger is secured through proof of work, and uses the k Heavy Hash algorithm, which is a modification of the SHA 256 algorithm used by Bitcoin. Is a hot new meme coin that unites popular meme coins under one innovative staking platform. Security is one of its biggest selling points, with industry leading measures that include cold storage and regular proof of reserves audits. This will depend on the exact TandCs of your agreement with your broker. Many people have chosen to add cryptocurrency to their investment portfolios, but it's not right for everyone. This high level of security may lend itself to mistakes on the part of wallet owners. There have been numerous instances of exchanges being hacked, resulting in the loss of investor tokens. This all depends on whether your specific transaction is seen as a capital gain or as income. Your tokens are subject to Income Tax, so you need to calculate their total worth. In giving you information about financial or credit products, Forbes Advisor is not making any suggestion or recommendation to you about a particular product. Fundamental analysis evaluates a token or project's intrinsic value in the context of the current market and its outlook. Similarly, Jupiter – which launched several days ago, already has a market capitalization of over $770 million. Money can quickly be sent overseas and is very hard to trace. Like an IPO, a company seeking to raise money can create a new coin or service to launch an ICO as a way to raise funds. On May 30, 2019, the Australian Securities and Investment Commission ASIC published updated guidance with respect to initial coin offerings ICOs and cryptocurrency trading. Bitcoin's founder, Satoshi Nakamoto, has supported the idea that cryptocurrencies go well with libertarianism. For example, if you're a hands off trader, you should pick a platform equipped with automated trading features and tools. It can also be paid using the network's transaction fees. For starters, you'll need to look for cryptocurrencies outside the market leaders. This is especially important for your first investment since some crypto exchanges only offer crypto to crypto trades. They trade over the counter OTC and behave like closed end funds.

How we make money

Its use cases rival those of Ethereum, with a focus on function and scalability. Following are the ways to make money with crypto in 2024. There were already a number of Bitcoin ETFs available in other countries, but this change allowed them to be available to retail investors in the United States. See a sample report for Australian taxpayers. Primarily,this is because many of the benefits of CBDCshave largely already been realised by existingtechnologies. Both are leveraged products, meaning you only need to put up a small deposit – known as margin – to gain full exposure to the underlying market. Media Literacy Campaign. The platform offers fee discounts for users who stake its native CRO token, potentially reducing trading fees by up to 30%. New cryptocurrency projects are particularly exciting due to their untapped potential, but they need to be carefully researched to ensure that they actually have a reasonable chance of being successful. With such cryptocurrencies, you can earn rewards simply for contributing to the security of the network — by "locking" some of your holdings into a staking pool for a certain timeframe. Buyers pay for bitcoins by transferring money via online banking. The best crypto exchanges are known for their transparency, security, and quality of service. While there is still a lot of uncertainty surrounding cryptocurrencies, the following factors can have a significant impact on their prices. Looks like you have javascript turned off. Global Crypto Exchange, 2023. While we adhere to strict editorial integrity , this post may contain references to products from our partners. This cryptocurrency offers an AI bot that provides predictive trading advice for cryptocurrencies. It is important to have a clear investment strategy and to stick to it in order to achieve success in the cryptocurrency market. In 2014, Gareth Murphy, a senior banking officer, suggested that the widespread adoption of cryptocurrencies may lead to too much money being obfuscated, blinding economists who would use such information to better steer the economy. The vast majority of blockchains that can be used as an underlying network for a new token have broad communities and detailed documentation. Spend your tokens via a DeFi protocol if possible. Cryptocurrencies promise to make transferring funds directly between two parties easier without needing a trusted third party like a bank or a credit card company. Your exchange, however, may have a holding period before you can make a transfer back to your bank account. Forms that are often used in crypto tax filings may include: Form 1040, Form 8949, Schedule C, Schedule D, and Schedule SE. Alternatively, open the market's deal ticket and take the opposite position to one you have open – for example, if you bought CFDs to open, you'd now sell, and vice versa. Tobias Adrian, the IMF's financial counsellor and head of its monetary and capital markets department said in a January 2022 interview that "Agreeing global regulations is never quick. The native asset of the Sui blockchain is called SUI.

Optimism

Ryan's losses offset his gains and he has no tax liability for the year. A strong community can act as a robust support system, boosting the coin's acceptance, and promoting its usage. Crypto asset values can, and do, rise and fall dramatically based on nothing more than a tweet, and investors have few protections if companies become insolvent or experience security breaches. The card integrates with Apple Pay and Google Pay. Don't wait – Secure your spot and drive real impact in Q4. Atesis Capital has emerged as the investment arm of Atesis, a successful Australian technology services company delivering business outcomes to large enterprises across the private and public sectors. This involves checking the transaction details against the transaction history stored in the blockchain. The value of FTT plummeted by over 80% in two days. On 27 April 2022, a Bitcoin exchange traded fund ETF launched, which can be a tax efficient way to gain exposure to Bitcoin. Choosing which Lemmy site to sign up to is a bit like choosing your email provider e. In summary, Moons are not just a reward system but a multifaceted digital asset with growing applications, from enhancing subreddit engagement to serving as a currency in blockchain based games. Its unique Proof of History PoH consensus mechanism, combined with Proof of Stake, allows Solana to achieve high throughput with minimal transaction costs. Low transaction speed. In the end, the cryptocurrency community must get along with regulators worldwide. Ensure that your financial foundation is solid before embarking on cryptocurrency investments. It doesn't have a price to earnings ratio, price to sales ratio, or book value. JPM are using blockchain technology to lower transaction costs by streamlining payment processing. This is what drew me to Coinstash, as well as the ease of use.

Developers

The more use cases that a new coin and the blockchain that it supports have, the more likely it is that the cryptocurrency will last long enough to experience growth. In this series, we'll break down most of the pressing questions you have about crypto. 2245, for a gain of 11,715% in a matter of months. The cryptocurrency industry has witnessed remarkable growth over the past few years, and prospects for future growth remain strong. Stay ahead of the curve with authentic news, sharp analysis, and exclusive in sight reports only on The Crypto Times. Monaco, Monaco, October 3rd, 2024, Chainwire Memereum team has officially revealed the concept for the first ever insured blockchain LaunchPad, setting the stage for a. As of October 2, 2024, it's hovering between $US60,000 and $US65,000. Beginners should approach these situations cautiously, seeking professional advice, if necessary, to ensure compliance with Australia's crypto tax regulations. 2021 used fuzzy methods to study fintech investments in the context of European banks. Call +44 20 7633 5430, or email sales. Transaction fees are the most transparent, but it's "spreads" where costs can really add up. Anyone getting into cryptocurrency should also refrain from riskier crypto trading practices, such as lending currencies, to generate revenue.

Stock Screeners: Customizing Financial Health And Risk Metrics

That's because stablecoins are backed by a reserve asset, usually a stable fiat currency like USD or AUD. In the longer term, of the 10 leading cryptocurrencies identified by the total value of coins in circulation in January 2018, only four Bitcoin, Ethereum, Cardano and Ripple XRP were still in that position in early 2022. Cryptocurrency markets are decentralised, which means they are not issued or backed by a central authority such as a government. University College London researchers reached a similar conclusion. Cryptocurrencies are digital assets, most often based on blockchain technology. "As it stands, enforceable protections in the unregulated cryptocurrency market are somewhere between negligible and non existent," CHOICE states. The best Australian crypto exchanges are known for their transparency and customer satisfaction, reflecting their commitment to providing a secure and efficient trading environment. "Consensys Acquires Quorum Platform from J. The absence of quantifiable and trustworthy criteria for evaluation and a plethora of scams have further perplexed potential investors and made them wary. FDMC will be undefined and marked as " " if no form of Supply is available. If you're somewhat new to cryptocurrency, it's quite different than traditional investing. Beginners will appreciate Coinbase's user friendly interface and the simplicity of its buy and sell orders, akin to using an online brokerage platform for trading stocks.