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What is the tax on crypto gains?
23 days ago
The taxes on crypto gains depends on how long you've held your assets and your country’s tax laws. Generally, if you sell or trade cryptocurrency at a profit, it’s considered a capital gain and is taxed accordingly.
Short-term gains (assets held less than a year) are often taxed at your regular income tax rate.
Long-term gains (held over a year) usually qualify for a lower tax rate.
You may also owe taxes on crypto earned through staking, mining, or airdrops, which are treated as income. It’s essential to keep detailed records of your transactions and consult a tax professional to stay compliant.
