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Learn More about buying RARI in Israel
How to buy Rarible in Israel
Is RARI a good investment in Israel?
RARI was released to the market in August 2020 with an initial price of $0.31, and very soon, it could reach $7. Thus, it was a wonderful investment for only a few months. However, it didn’t resume that well and ended the year with a price of $2. Although it seemed that RARI token holders were facing failure, 2021 was very amazing for them because the RARI price reached its highest record of $49 in March of 2021. After this record, the RARI price faced many ups and downs until it ended the year with a value of $13. 2022 started profitably for RARI holders. At the beginning of the year, the RARI price amounted to $23 and then fell again. It couldn’t set any price record and even dropped to $1.84 by the end of the year.
The history of the RARI token shows it was a good investment for its owners several times. However, it was stagnating and might seem uninteresting for people to buy. Furthermore, no one can tell you what may happen to this coin in the following years. But the price predictions may give you a hint about the expected future of RARI. Crypto analysts and experts expect the RARI price to go up again in the next 5 years and may become stable at $10 by 2026 and might reach $17 by 2030. Many also consider RARI a good short-term investment that would have a better profit in one year.
What is Rarible ?
Rarible is the first cryptocurrency dedicated to NFTs, launched in 2020. The main reason for creating such a platform was to secure the digital collections that are designed with blockchain technology. Its focus is on artistic assets. NFTs (non-fungible tokens) allow artists to keep the copyright of their artworks. Rarible works as a marketplace for its users to create, sell or buy digital collections or NFTs. Users can put a preview of their works on this platform, so others check and use their Rarible tokens to purchase the full version.
More information on Rarible official website.
Is Rarible legal to buy in Israel?
Yes, cryptocurrency is legal to buy in Israel. The Israel Securities Authority (ISA) has issued a
legal structure guideline document regarding proposed legislation for the regulation of digital
assets in Israel. The document outlines the ISA's proposals for regulating cryptocurrencies,
initial coin offerings (ICOs), and other digital assets in Israel. The above-mentioned guideline
includes proposals for the licensing of cryptocurrency exchanges, the requirement for ICOs to
comply with certain disclosure and investor protection requirements, and the regulation of
custody services for digital assets. It also includes proposals for the prevention of money
laundering and financing of terrorism using digital assets, and for the taxation of cryptocurrency
transactions. Overall, the document provides a comprehensive overview of the ISA's proposals
for the regulation of digital assets in Israel and the legality of cryptocurrency transactions.
Is Rarible taxed in Israel
Yes, cryptocurrency is taxed in Israel. According to the information on the legislation of
cryptocurrency provided by the Israeli Knesset (the Israeli parliament), The Israeli tax authorities
consider cryptocurrency as a taxable asset and transactions involving cryptocurrency are
subject to taxation. According to the above-mentioned information on the Israeli parliament
website, the taxation of cryptocurrency in Israel is governed by the Israeli Income Tax
Ordinance. According to this law, any income or profit derived from the sale or transfer of
cryptocurrency is considered taxable income and must be reported on an individual's tax return.
Additionally, capital gains tax may apply to profits made from the sale of cryptocurrency.
It's important to note that the tax laws and regulations regarding cryptocurrency are constantly
evolving, so it's always a good idea to check with a tax professional or the Israeli tax authorities
for the most up-to-date information.
After you've bought Rarible in Israel
The main purpose of creating the RARI token was to empower Rarible users to vote on different projects and upgrades on this platform. Therefore, after buying RARI you will have the power to make changes to the network. Creating, selling, and buying digital content or NFTs are other uses of RARI coins.
Furthermore, after purchasing RARI tokens you can keep them in a wallet as an investment. However, you should also know that investing in cryptocurrency is risky. We recommend you check the price history and price prediction. Read Rarible white paper and follow top crypto experts to learn more about investing in RARI. Anyhow, if you are a beginner in this world, it is better to start your investment with a moderate amount and think about an exit point for your investment so that you won’t lose much money if the predictions didn’t go well.
Who can buy Rarible in Israel?
In Israel, anyone who is over the age of 18 and has a valid government-issued identification can
buy cryptocurrency. There are no specific restrictions or limitations on who can purchase
cryptocurrency. The ideal method to buy cryptocurrency in Israel varies based on personal
needs and preferences, but the most common method is through a digital asset exchange. Our
exchange provides a trustworthy and secure option for those who want to buy cryptocurrency in
Israel. It offers a variety of payment methods, such as credit card, debit card, bank transfer,
PayPal, Apple Pay, and Google Pay, with no exchange transaction fees. With our platform, you
have the ability to purchase, sell, and trade cryptocurrency using Euros.
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Frequently asked questions
Several exchanges support buying RARI coins. If you want to find a trusted, easy-to-use, and cheap exchange to buy RARI, we recommend you BlockTrade. Unlike most exchanges, you don’t need to pay any processing fee on this exchange. Therefore, buying RARI will cost less than other platforms.
According to Israeli tax law, capital gains on cryptocurrency investments must be reported as
part of an individual’s annual income tax return. In order to do so, you should calculate your
cryptocurrency gains by subtracting your cost basis (the price you paid for the cryptocurrency)
from the sale price. Also note to keep accurate records of all your cryptocurrency transactions,
including the date of the transaction, the type of cryptocurrency, the purchase and sale price,
and any relevant fees. Then, file your cryptocurrency gains on your annual income tax return.
Please keep in mind that it’s always a good idea to consult a tax professional for guidance on
reporting cryptocurrency tax in Israel, especially if you have a complex investment portfolio or if
you have questions about how to calculate your gains or report your transactions.
Yes, you can cash out your cryptocurrency assets in Israel. You can sell your cryptocurrency on
our digital asset exchange and receive payment in Euros. You can then transfer the funds to
your bank account or use them to make other purchases.
It’s important to note that cashing out your cryptocurrency assets may trigger a capital gains tax
liability, so you should familiarize yourself with the tax implications of cryptocurrency
transactions in Israel and consult with a tax professional if necessary.
Rarible is a marketplace for creating, selling, and buying NFT. Therefore, if you are an artist and would like to sell your digital art, the Rarible platform and token will be a good option for you.
The exact number of people who own cryptocurrency assets in Israel is not publicly available.
However, according to some reports, it is estimated that around 3.5% of Israeli adults hold some
form of cryptocurrency or digital assets. The popularity of cryptocurrency in Israel has grown in
recent years, and more and more individuals are investing in digital assets as an alternative
investment option. However, there is still room for growth in the future.
Everyone can use the Rarible platform and its token (RAR). However, most of the users of this NFT marketplace are digital artists and content creators. They can use their RARI coins to create digital content, such as a book, music, or artwork. Then, they can put their NFT digital content on this platform and sell it to others.