Trading

Buy crypto with euro (EUR)

CheckSig executes your order using the euro (EUR) funds in your account. If funds are not already available, first deposit the required amount via bank transfer to our Italian IBAN. In the Private Area, select Deposit and choose EUR; you’ll find all the necessary instructions (ensure the reason for payment is correct).

After the purchase is completed, you will find in the Private Area:

• the credited crypto amount,
• the corresponding euro (EUR) debit, and
• detailed accounting documentation, including quantity, purchase price, and fees.

We record the purchase price of the acquired crypto. If you’ve chosen CheckSig as your tax substitute, this will be used for calculating capital gains and losses in the future.

The crypto you purchased will be securely stored in our custody immediately; of course, you can sell or withdraw it whenever you like.

Sell crypto for euro (EUR)

CheckSig executes your order using the crypto funds in your account. If funds are not already available, first deposit the required amount via a blockchain transaction. In the Private Area, select Deposit and choose the crypto you want to sell; generate an address to which you can transfer the funds.

After the sale is completed, you will find in the Private Area:

• the debited crypto amount,
• the credited euro (EUR) amount, and
• detailed accounting documentation, including quantity, purchase price, and fees.

If you’ve chosen CheckSig as your tax substitute, we will handle the substitute tax on any capital gains or record any losses for future compensations.

You can immediately withdraw the euro (EUR) funds obtained or keep them in your account for future crypto purchases or other services.

Convert crypto to crypto

CheckSig executes your order using the crypto funds in your account. If funds are not already available, first deposit the required amount via a blockchain transaction. In the Private Area, select Deposit, choose the crypto you want to sell, and generate an address to transfer the funds.

After the conversion is completed, you will find in the Private Area:

• the credited crypto amount,
• the debited crypto amount, and
• detailed accounting documentation, including quantity, purchase price, and fees.

The acquired crypto will be securely stored in our custody immediately; of course, you can sell or withdraw it whenever you like.

Crypto-to-crypto conversions are taxable events if they involve non-homogeneous crypto-assets. This criterion was introduced in the 2023 budget law. The Revenue Agency clarified that converting crypto like Bitcoin or Ether into stablecoins like USDC or USDT is taxable, because these stablecoins can be converted into fiat currency by the issuer.

However, conversions of Bitcoin or Ether into DAI, DAO, or PaxGold are not taxable, as these cannot be converted into fiat currency by the issuer. Among the crypto-assets supported by CheckSig, only USDC is considered non-homogeneous with others.

If you’ve chosen CheckSig as your tax substitute and the conversion is taxable, we handle the substitute tax on any capital gains or record any losses for future compensations.