Crypto, Taxes and Regulation

How crypto is taxed depends on what you do with it. Selling or trading can mean a capital gain or a loss, while rewards or interest may count as income.

Keep good records – some exchanges provide year-end summaries or IRS forms to make filing easier. If you’re unsure, ask an accountant or use one of the online crypto tax tools.

All U.S. exchanges follow government rules to prevent fraud and money laundering. That’s why they ask for ID – to protect both you and them.

For more on how crypto is taxed, check out our Crypto Taxes 101 guide.