Are all crypto transactions taxable?

Publikováno dne 27. 11. 2024Aktualizováno dne 17. 12. 2024Doba čtení: 2 min

Not every crypto transaction is taxable. The following activities are generally not considered taxable events:

  • Buying crypto

  • Transferring like-for-like assets between exchanges

  • Gifting crypto excluding large gifts that could trigger other tax obligations

  • Donating crypto, which is tax-deductible

The following crypto activities are generally considered taxable events:

  • Selling crypto for cash

  • Trading one digital currency for another

  • Using crypto as payment

  • Mining or staking crypto

  • Receiving airdropped tokens

  • Getting paid in crypto