Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: lethal protocol on September 21, 2018, 12:50:28 PM

Title: Do traders pay income taxes?
Post by: lethal protocol on September 21, 2018, 12:50:28 PM

I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?

Title: Re: Do traders pay income taxes?
Post by: ComeBack on September 21, 2018, 12:51:55 PM

No buddy, Crypto traders are not paying income taxes but you're paying some trading fees and withdrawal fees to the exchange where you do your trading.