Intermediate8 min read
Crypto Tax Basics
A beginner-friendly overview of taxable events, records, and compliance discipline for crypto users.
crypto taxcapital gainscompliance
Often-taxable events
- Selling crypto for fiat.
- Swapping one token for another.
- Spending crypto on goods/services in many jurisdictions.
Record keeping
- Maintain transaction exports from exchanges and wallets.
- Track acquisition cost basis and timestamps consistently.
Best practice
- Use dedicated tax software and reconcile regularly.
- Consult a qualified tax professional for jurisdiction-specific treatment.