I am relatively new to the word of crypto. ~6 months of research and learning and application.

I want to do this and continue building on and learning and such for years to come.

ANYWAYS: The real question

I am currently located in ASIA. I am using Binance as my exchange and it is connected to my local number where I get OPT for each login on mobile/web.

My portfolio is currently ~1.8k USD worth all on Binance

I will be moving full time to USA (on 1st dec) and especially at this time of the year, I will need to be very careful about certain times especially as we get into end of Dec/ start Jan wrt potentially finding an exit strategy into BTC etc.

So I will need access to my crypto to sell/exchange based on the vibes/market sentiment I am getting as we get there.

Q 1 - I wont be able to access my local phone number/binance account from the USA, so I need to find a place where I can move my entire portfolio in its current state.
What would such a place be?

Once I am in the US, I will be making binance US account and then I suppose I can transfer funds back into Binance account.

Q 2 - My portfolio size is not that huge as I mentioned. Do I need to be concerned about taxation at this point once I move to US? Do I need to consciously think before every buy and sell that I make once I am in the US?

If you are in the US, how do you deal with such things?

This post was edited by mandarkkk on Nov 22 2021 09:17am

Make sure the state that you are moving to allows binance as I don't think it's available nation wide
Sadly US is pretty restricted when it comes to crypto. But if you're doing a lot of the mainstream tokens and not interested too much on alt coins, Coinbase is probably your best bet.
There are ways to get into the alt coins but its round about ways to use apps like Kucoin. You would need to convert all your coins on Coinbase to Eth/BTC and then send that to a Kucoin account or another alt coin account.

As for the taxes if you keep the money in your account you don't need to pay taxes on it until you withdraw it out of your account.
But when you do taxes, apps like Coinbase give you documents that you need to print out for your taxes.

Binance.US sucks and you’ll have to verify yourself when you get your USA Address which can take weeks

Coinbase (usa only, high fees but probably best exchange and most popular for high caps like bitcoin, quick same day purchases of crypto. Be very careful what you send to coinbase. They don’t support BEP-20 and if the crypto isn’t tradable on Coinbase and you send it there its gone forever)

Kraken #2 imo

Kucoin (is worldwide)

Taxes, any crypto to crypto trade is taxable event in USA.
If you send bitcoin to bitcoin it won’t be taxed
But any exchange/trade for example: Bitcoin > Ethereum or USDT creates a taxable event so you’ll need to pay capitol gains tax on the bitcoin you exchanged to ethereum/USDT.
Aka USA sucks

This post was edited by KRR on Nov 22 2021 10:51pm