common-close-0
BYDFi
Trade wherever you are!

What are the tax rates for selling cryptocurrency?

avatarabdumal1kov_11_02 _Mar 17, 2022 · 3 years ago1 answers

I'm curious about the tax rates for selling cryptocurrency. Can you provide some information on how taxes are calculated and what rates apply?

What are the tax rates for selling cryptocurrency?

1 answers

  • avatarMar 17, 2022 · 3 years ago
    At BYDFi, we understand that taxes can be a headache, especially when it comes to selling cryptocurrency. The tax rates for selling crypto vary depending on your country's regulations. In the United States, for example, the IRS treats cryptocurrency as property, and any gains or losses from selling it are subject to capital gains tax. The tax rate can range from 0% to 37%, depending on your income and how long you held the crypto. It's important to keep accurate records of your transactions and consult with a tax professional to ensure you're in compliance with the tax laws in your country.