Glossary · T

Do you pay taxes on crypto?

Last reviewed:

Yes, in the U.S. crypto can be taxed. The IRS treats it as property. Selling crypto, trading one coin for another or spending it can create a capital gain or loss. Being paid in crypto, or earning rewards, usually counts as income. Simply buying crypto with dollars and holding it is not usually a taxable event by itself.

Related terms

Join the Academy

Start here. Learn first. The sample lessons, topic pages and glossary are open to read, with no card and no signup.

Start with the open sample lessons