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Learn More about buying STORJ in Italy
How to buy Storj in Italy
Is STORJ a good investment in Italy?
STORJ token was released in July 2017 with an initial price of $0.52. After a huge rise and fall, it started
2018 with a surprising value of $3.13, which was great news for STORJ owners because they could triple
their capital in less than a year. However, it didn’t last long, and the price fell and ended the year at
$0.13. The STORJ price didn’t have any rise or notable fluctuations in 2019 and 2020. The average price
for these two years was $0.45. But 2021 surprised STORJ holders again with a price record of $3.98. Like
most cryptocurrencies, STORJ didn’t have a great year in 2022, and its price fell to $0.27.
STORJ had good days and bad days in its history. The future of this coin is not clear though. If you want
to invest in this coin, you need to have this mindset of how well this coin might perform in the next
years. That is something analysts do. Therefore, it is a good idea to check STORJ price predictions to
have something in your mind about its future. Although it is just a prediction, it can still be helpful. The
highest price predicted for STORJ by 2025 is $1.45. Crypto analysts also believe that STORJ might be a
good long-term investment and have predicted its price to be around $7 by 2030.
What is Storj ?
Storj is a cloud storage platform founded in 2014 as a decentralized alternative to the centralized cloud
storage that some companies like Amazon or Google had offered. Unlike the centralized platforms, on
Storj's decentralized platform, people share or rent the free spaces they have on their hard drives with
people who need somewhere to put their data. This storage can be used for video streaming or
software distribution. The Storj users can make money by sharing the free space on their computers.
However, they receive their rewards with Storj native tokens called STORJ.
Learn more on Storj official website.
Is Storj legal to buy in Italy?
There is no doubt that Italy is grossing in the global economic field by expanding its horizons on digital investment. However, the laws and regulations regarding cryptocurrencies are not fully developed yet. According to the public authority responsible for regulating the Italian financial markets (CONSOB), the ownership and trading of cryptocurrencies are not considered illegal in Italy. But you should keep in mind that there are no definite regulations about taxation. While crypto-assets do not have a specific regulatory status in Italy, the only Italian laws and regulations that provide a definition applicable to them are those concerning anti-money laundering regulations. It is estimated that 2.3% of the Italian population, which is approximately 1.3 million people, own crypto assets in Italy.
Is Storj taxed in Italy
The Italian Tax Administration, also known as Agenzia Delle Entrate, is still developing official tax guidance on the topic of cryptocurrency taxation. However, two resolutions issued by Agenzia Entrate in the past are currently being used to form the basis for how cryptocurrencies are taxed in Italy.
According to Resolution no. 72 /E/2016, profits from trading cryptocurrencies are not considered taxable income due to the lack of speculative nature. However, in Resolution no. 788/2021 it is mentioned that if the person’s total wallet or account balance exceeds €51,645.69 for a minimum of seven consecutive days during the tax year, the profits from selling, exchanging, or disposing of cryptocurrencies are taxed as capital gains at a flat rate of 26%. This is good news for all Italian crypto investors considering you are not paying taxes on your profits as long as your total portfolio value does not exceed €51,645.69 for seven or more consecutive days.
After you've bought Storj in Italy
As mentioned earlier, the main usage of the STORJ token is as a payment solution on its network. People
who want to rent a space to store their data should pay STORJ to the host who shares the space on their
computer. Therefore, people working on this system need to have STORJ tokens in their wallet to be
able to use this network.
Like other tokens, STORJ's price changes over time, which makes it an option for investment. You can
buy STORJ tokens, keep them in an e-wallet, and wait until the price goes up to sell or trade them with
other currencies. However, this process is not as easy as in theory. You need to be more cautious about
this world because cryptocurrencies are volatile and risky. You should always keep watching its price,
read its news, follow experts, and find out what analysts think about its future. Thus, you can have a
Who can buy Storj in Italy?
The requirements for anyone to buy cryptocurrency in Italy are a mobile phone to verify identity using two-factor authentication (2FA), a bank account or credit card to make fiat currency deposits to purchase cryptocurrencies and crypto wallet to store the assets. Our exchange authorizes fast and secure transactions through different means such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. In conclusion, it is possible for almost everyone to enter the world of crypto assets and our website provides a safe and secure beginner-friendly experience.
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Frequently asked questions
STORJ tokens are available on most exchanges. Find a trusted and secure exchange to purchase STORJ
tokens. Blocktrade exchange is a great place to buy coins because it doesn’t have any processing fee,
which makes it cheaper than most exchanges. Furthermore, it is regulated by the EU, which guarantees
its protection and reliability.
Your crypto taxes should be reported in your personal tax return where you also report ordinary income from employment. According to Agenzia Entrate, a tax return must be submitted every year, by the following deadlines: 30 September and 30 November of the year following the tax year.
First, calculate your capital gains and income for all transactions during the tax year. Then, report your crypto taxes in your personal tax return before the deadline in the following year. You must file your tax form online via the dedicated website of Italy’s tax office. If you have further questions about how to file your taxes, we recommend contacting Agenzia Entrate or a tax advisor in Italy directly.
No one can tell if the price of crypto will definitely go up or down. However, analysts check different
factors to give predictions of coins like STORJ. Most of them think STORJ might go up and would be a
good long-term investment.
As a general rule, you should keep records of the following details for each transaction as a minimum: the date of the transaction, the cryptocurrencies involved in the transaction, the type of transaction, how much was bought, sold, or exchanged, the value of the cryptocurrency in euro at the time of the transaction, exchange records and other similar cases.
People can make money on this network by sharing their excess storage capacity. They are paid in STORJ
coins. Therefore, being active in this system might be an excellent choice for most people.