When Do You Sell Cryptocurrency at Breaking News

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When Do You Sell Cryptocurrency, A guide for beginners posted by frank gogol updated on march 16, 2022. Do you hodl or sell your cryptocurrencies? When you first purchase cryptocurrency, you do not have to pay income tax.

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You’re the only one who can determine whether you can afford to purchase cryptocurrencies, and when. While buying/selling you can switch between two operations, select currency and its amount. There are a couple of steps.

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Link a payment method to your account before cashing out. You'll pay tax on any profit you make from selling crypto. You can use a service like coinbase (among others) to receive your. Once you’re clear on how it works and what cryptocurrencies are available, you can move onto the next step: If you’re in it for the money, perhaps you want to sell close to 100% of your cryptocurrency stack.