In my country of origin, I use the local currency to buy USDT. I then convert those USDT into USDC to send them to my Robinhood or Coinbase account. So, it’s not about making a profit, it’s simply a cryptocurrency purchase. When the USDC arrives in my Robinhood or Coinbase account, I sell them for USD, and from there, I transfer the funds to my bank account. For example, if I bought 1,000 USDT on Binance, that’s the same amount I receive in my bank account at the end of the process. How can I categorize these transactions?
