Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can […]
How Do Taxes Work On Crypto Gains
Cryptocurrencies are often touted as being a tax-free way to conduct transactions, but this is not actually the case. Cryptocurrencies are treated as property for tax purposes, meaning that any gains or losses from their sale are subject to capital gains tax. When you sell a cryptocurrency for more than you paid for it, you […]
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