Are crypto gains taxed
click here for free passive crypto Yes — crypto gains are taxed in most countries, including the U.S., U.K., Canada, Australia, and most of the EU. Here’s a breakdown of how it usually works: 🧾 1. When are crypto gains taxed? You're typically taxed when you: Action Taxable? Type of Tax Sell crypto for fiat (e.g., USD, EUR) ✅ Yes Capital gains Trade one crypto for another (e.g., SOL → ETH) ✅ Yes Capital gains Use crypto to buy something (goods/services) ✅ Yes Capital gains Receive crypto as payment ✅ Yes Income tax Get staking or mining rewards ✅ Yes Income tax (sometimes also capital gains later) 💸 2. How is the gain calculated? Capital gain = Selling price – Purchase price (cost basis) If you: Bought 1 SOL for $50 Sold it later for $150 ➡️ You have a $100 capital gain , which is taxable 🕒 3. Short-term vs Long-term capital gains (U.S. example) Holding Period Tax Type Tax Rate Held < 1 year Short-term Same as your regular income (10% – 37%) Held...