LLC or S Corp better to trade cryptocurrencies?

I’d like to set up a business to trade cryptos.
Is there any advantage to LLC over S Corp?

Does it benefit more if the company is set up in a state that has no income tax (even if I dont live there)?

Thank you

What are you trying to achieve?

LLC and S Corps are pass-through entities. Their income is taxed at your personal income tax rates. There are no special tax benefits for trading inside an entity other than legal protection.

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Thanks for that confirmation.

Im considering setting up an entity to trade cryptos in a state without state income tax to reduce taxes on crypto earnings

and to be able to trade currencies not allowed where I currently live (NY state).
I do plan to move out of state.