What is the difference between subscription FMV and purchase FMV in the context of cryptocurrency?

3 answers

• Dec 31, 2021 · 3 years ago
  Subscription FMV and purchase FMV are two different ways to acquire cryptocurrency. Subscription FMV refers to the fair market value of cryptocurrency obtained through a subscription or membership service. This could include platforms that offer monthly or yearly subscriptions to access certain cryptocurrencies. On the other hand, purchase FMV refers to the fair market value of cryptocurrency acquired through direct purchase or exchange. This could involve buying cryptocurrency from an exchange or peer-to-peer transaction. Both methods involve acquiring cryptocurrency, but the difference lies in the means of acquisition. Subscription FMV is obtained through a subscription service, while purchase FMV is obtained through direct purchase or exchange.
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• Dec 31, 2021 · 3 years ago
  Subscription FMV and purchase FMV are terms used in the context of cryptocurrency acquisition. Subscription FMV refers to the value of cryptocurrency obtained through a subscription-based model, where users pay a recurring fee to access and use the cryptocurrency. This model is commonly used by platforms that offer exclusive access to certain cryptocurrencies or trading features. On the other hand, purchase FMV refers to the value of cryptocurrency acquired through direct purchase or exchange. This can be done through cryptocurrency exchanges or peer-to-peer transactions. The main difference between the two is the method of acquisition: subscription FMV involves ongoing payments for access, while purchase FMV involves one-time payments for ownership.
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• Dec 31, 2021 · 3 years ago
  When it comes to cryptocurrency, subscription FMV and purchase FMV represent different ways of acquiring digital assets. Subscription FMV refers to the fair market value of cryptocurrency obtained through a subscription-based service. This could include platforms that offer access to a variety of cryptocurrencies for a monthly or yearly fee. On the other hand, purchase FMV refers to the fair market value of cryptocurrency acquired through direct purchase or exchange. This could involve buying cryptocurrency from an exchange or through peer-to-peer transactions. The distinction lies in the method of acquisition: subscription FMV involves ongoing payments for access, while purchase FMV involves one-time payments for ownership. It's important to consider these differences when choosing how to acquire cryptocurrency based on your individual needs and preferences.
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