Do I have to pay taxes on cryptocurrency that I haven't sold?

7 answers

• Emil CovasalaJul 19, 2025 · 4 months ago
  Yes, you may still need to pay taxes on the cryptocurrency you haven't sold. In many countries, including the United States, cryptocurrency is treated as property for tax purposes. This means that any increase in value of your cryptocurrency holdings may be subject to capital gains tax, even if you haven't sold the cryptocurrency. It's important to consult with a tax professional to understand your specific tax obligations.
  427

  214
• Kirill ZagurnyMay 29, 2023 · 2 years ago
  Well, the taxman always wants his cut, doesn't he? Even if you haven't sold your cryptocurrency, you may still be liable to pay taxes on it. The tax laws surrounding cryptocurrency can be complex and vary from country to country, so it's best to consult with a tax advisor to ensure you're in compliance.
  304

  102
• Nika KovalenkoAug 31, 2023 · 2 years ago
  According to BYDFi, a leading cryptocurrency exchange, you may still be subject to taxes on your cryptocurrency holdings, even if you haven't sold them. Cryptocurrency is considered an asset, and any increase in value may be taxable. It's always a good idea to consult with a tax professional to understand your specific tax obligations.
  337

  85
• S MaluAug 02, 2020 · 5 years ago
  Oh boy, taxes and cryptocurrency, what a fun combination! The short answer is yes, you may still have to pay taxes on your cryptocurrency, even if you haven't sold it. Cryptocurrency is treated as property for tax purposes, so any increase in value may be subject to capital gains tax. It's always a good idea to consult with a tax professional to make sure you're on the right side of the law.
  394

  79
• Marcell CsíkosJul 24, 2025 · 4 months ago
  Taxes and cryptocurrency, what a headache! Even if you haven't sold your cryptocurrency, you may still be on the hook for taxes. Cryptocurrency is considered property for tax purposes, so any increase in value may be subject to capital gains tax. It's best to consult with a tax advisor to understand your specific tax obligations.
  331

  56
• anarchoskumJun 02, 2024 · a year ago
  Well, well, well, taxes and cryptocurrency, a match made in heaven! Even if you haven't sold your cryptocurrency, you may still need to pay taxes on it. Cryptocurrency is treated as property for tax purposes, so any increase in value may be subject to capital gains tax. It's always a good idea to consult with a tax professional to make sure you're playing by the rules.
  371

  53
• Mangum FlowersNov 07, 2022 · 3 years ago
  Taxes and cryptocurrency, what a delightful combination! Even if you haven't sold your cryptocurrency, you may still be required to pay taxes on it. Cryptocurrency is considered property for tax purposes, so any increase in value may be subject to capital gains tax. It's best to consult with a tax advisor to understand your specific tax obligations.
  351

  44