1. cryptocurrency

5 Ways to Keep Track of Your Cryptocurrency Taxes

Written by Posted on Less than 0 min read

Cryptocurrency trading is a fairly young market and there are a lot of gray areas one needs to be aware before jumping into it.
Keeping good records of your trading historyTrading on cryptocurrency exchanges is done against various pairs, unlike capital markets where it is done against national currency (fiat currency).
It is really important for you to keep track of these trades as every trade generates a taxable event.
Even when you are trading one cryptocurrency into another cryptocurrency is a taxable event.
Choose exchanges that provide transaction history, so that it makes your life easy when it comes to taxes.

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