“They say investing in coins is so difficult, but can I do it?”
“They say you could lose all your money if you step in for no reason….”

“From registering for an exchange to coin trading and tax issues.
“The most realistic guide for those just starting out in investing.”

- People who want to get into coins now
- People who have only suffered losses from coin investments
- People who don't want to lose money earned from coins to taxes

A reference guide to coin investment written by top experts in the field of money and economics!
If you follow along easily, you don't have to worry about a bear market!
All the secrets to making money are included!

Coins, also known as virtual currencies (virtual assets), operate differently from traditional financial assets such as stocks.
There are no national barriers or transaction time constraints, and no central authority intermediating the remittance.
Some public blockchains allow anyone to participate in 'mining' and receive rewards in return.
Even when the market is down, there are various ways to find opportunities, such as investing in DeFi. You can also challenge new markets by issuing digital assets based on creative ideas.
In other words, coin investment is a field that requires a different perspective from traditional finance.
It has some similarities to stocks, but there are significant structural differences, and the range of new opportunities is accordingly wider.

"Completely Mastering Cryptocurrency, From Basics to Taxes" was planned and written to lower the barrier to entry for those who find cryptocurrencies difficult, and to enhance the understanding and strategies of existing investors.
Author Sangbin Kwak holds 37 certifications, including attorney, certified public accountant, real estate appraiser, securities analyst, and Certified International Investment Analyst (CIIA). He is an economics expert who began investing in stocks while studying economics at Yonsei University and has since lectured on economics at universities.
He has extensive experience in stocks, real estate, and coin investments.
Co-author Lee Jang-won is a tax accountant and managing director of the Rich Tax Law Firm. He serves as a panelist and columnist for the National Tax Service and major broadcasting and media outlets, and also provides accounting and tax lectures as an official advisory tax accountant to various organizations and groups.

This book covers a wide range of topics, including basic terminology and exchange registration, promising altcoins and stablecoins, chart analysis and practical trading strategies, indicators and index utilization, and even the latest trends like DeFi and NFTs.
Additionally, in preparation for the upcoming era of cryptocurrency taxation, the tax structure is systematically explained, and the Q&A corner provides clear answers to frequently asked tax questions from investors.
This one book will help you understand the entire cryptocurrency landscape and get a head start on investing.

This book is designed to help coin investors increase their returns.
The virtual currency market is an area where you can suffer losses if you jump into coin investment blindly.
As the global volume of cryptocurrency transactions grows exponentially, so too does the number of crimes exploiting it.
The government is strengthening legal protections for coin investors by promoting exchange regulation, investment regulations, and restructuring the tax system. However, unlike the stock market, the market has not yet reached a stabilization phase.
--- p.6

Satoshi Nakamoto, the founder of Bitcoin, solved security problems by using hash functions, which were previously used in the field of information security, to encrypt Bitcoin transaction history.
A hash function is a function that replaces data with a random string of a certain length.
At this time, security can be maintained because if the same data is entered, the same result will appear, and if different data is entered, a different result will appear.
Additionally, hash functions enable security because they cannot infer the input data from the result.
--- p.39

If your money hasn't yet been invested in stocks, it's not too late to carefully analyze the stocks you want to buy and monitor the market conditions before investing.
There are surprisingly many people who are very careful when looking at a menu at a restaurant and deciding what to eat, but are impulsive when buying coins.
When investing in a coin, you basically become the owner of that coin for a long time, so it is advisable to learn about the coin well before investing.
That way, you can increase your profitability.
--- p.79

The white paper contains comprehensive information about virtual currency, including the business system, the underlying blockchain technology, and introductions to developers and key personnel.
The white paper contains information such as what technology was applied to the cryptocurrency, what philosophy the developers had in mind when creating the cryptocurrency, and what the foundation's vision is.
White papers are usually published online and can be easily viewed on exchanges after listing.
--- p.111

Just like the stock market, in the cryptocurrency market, stocks with high trading volume and market capitalization are seen as having relatively high market trust.
High trading volume means high interest from market participants, which in turn increases the likelihood of a price increase.
Additionally, a higher market capitalization means that a significant amount of capital is flowing into the cryptocurrency, which can be interpreted as a signal that the market places significant value on the cryptocurrency.
--- p.154

As mentioned earlier, Ripple Labs initially issued 100 billion Ripple coins, and less than half of them are currently traded on the market.
A significant portion of Ripple is owned by the founders and Ripple Labs.
Bitcoin also has a fixed issuance amount, but the mining amount gradually decreases. However, Ripple is designed in a way that the coin disappears when the 0.001 XRP fee incurred during a transaction is exhausted.
If the Ripple network becomes active and the number of transactions increases significantly, the coin circulation may decrease, which may cause the Ripple price to rise.
Considering these limitations, a cautious approach is needed when considering Ripple as a long-term investment.
--- p.195

Moving averages have many advantages as investment indicators.
First, it is convenient to use because it is part of the charts provided by default in the exchange trading system.
Second, since it is provided by various coin price chart services, it can be used for coin price analysis anytime, anywhere.
Third, it is a good indicator for beginners to use because it allows them to determine trading timing based on trends and patterns.
However, it is important to remember that this is also a trace of the past, so it is only a means of predicting the future and is not 100% accurate.
--- p.243

In addition to basic financial services such as deposits, withdrawals, and remittances, DeFi provides services such as borrowing, staking, swaps, and yield farming.
As we have seen before, staking is an investment that involves depositing virtual currency on a blockchain and receiving rewards in virtual currency after a certain number of blocks are generated and verified.
Staking is currently offered by some centralized exchanges, allowing investors to bypass the tedious process of block creation and validation.
--- p.291

In particular, from 2027, profits generated from virtual asset transactions, i.e., “virtual asset income,” will be subject to a basic deduction of 2.5 million won, and 22% of the remaining amount will be taxed as miscellaneous income.
Therefore, if we limit the investors who are realistically subject to tax reporting to those with assets of 5 million won or more, excluding extreme high-yield cases, it is estimated that approximately 1,681,000 people, or 17.4% of all investors, will actually be subject to taxation.
--- p.314

Another thing to keep in mind is that the source of funds investigation will inevitably involve an in-depth investigation into how much the investor's "virtual asset seed money" was and where that money originally came from.
This is also the reason why the tax issue regarding ‘seed preparation’ was emphasized earlier.
If you purchased a house with 2 billion won in profits from investing in cryptocurrency, you must prove from beginning to end how you obtained the 2 billion won and where the seed money came from.
If it is revealed that the 500 million won in seed money was a 'gift' from parents, the entire amount will be subject to gift tax, which could result in a large additional tax burden.
--- p.347

Accounts opened on overseas virtual asset exchanges for virtual asset trading are considered overseas virtual asset accounts subject to reporting.
However, in the case of wallets opened with overseas wallet operators for the purpose of storing virtual assets, non-custodial and decentralized wallets where the overseas virtual asset wallet operator does not have the right to manage or control personal encryption keys, etc. are excluded from the reporting target, but custodial and centralized wallets that do have the right to manage or control personal encryption keys, etc. are included in the reporting target. Therefore, care must be taken when determining whether each type of overseas virtual asset wallet is subject to reporting.

--- p.374