Determining cost basis when buying altcoin with bitcoin

determining cost basis when buying altcoin with bitcoin

Is crypto a wallet

Tax can help you by our guide to crypto tax.

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Free crypto tax filing

By using the site, you consent to the placement of these cookies. A scarce asset is likelier to have high prices, whereas one available in plenty will have low prices. The full tax implications associated with transactions common to the DeFi landscape are outside of the scope of this piece; however, we discuss them thoroughly in our DeFi Crypto Tax Guide. This is called a halving, where the number of coins given as a reward for successfully mining a block is cut in half, the last of which was in May