I believe that you only pay taxes when you take money out of crypto and back into fiat again. I'd also small withdrawals will probably keep you safe also.
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I believe that you only pay taxes when you take money out of crypto and back into fiat again. I'd also small withdrawals will probably keep you safe also.
Depends on the country of course. In the UK its even hard to find an accountant who knows what to do.
Most crypto isn't really that easy to be tracked though. I'd imagine that you could pull small amounts <$1000 without paying taxes, but if you were withdrawing much larger amounts to fiat, you'd probably want to report capital gains.
Thats right, but i would advise everyone not to trade too much, otherwise they might consider you being a "trader" which would result in income tax instead of capital gain tax.