Tax Implications When Exchanging Crypto to Fiat

[Keren]

Are there any tax issues to be aware of when converting crypto to fiat? And does the exchange platform you use affect this?

[Girsda]

Yes, conversions are typically taxable events. Using a regulated cryptocurrency exchange helps, as they often provide transaction histories you can use for tax reporting. Keep detailed records of all your trades and check your local tax laws to avoid surprises during filing season.