Category: Everything Crypto

In the last few years, DeFi has become a trending phenomenon in the crypto space, and if you know anything about DeFi, you’d know that liquidity pools are an integral part of it. Hence, increasingly more people are searching for the best liquidity pools today. On the surface, most...

You can do much more than just storing or transferring your crypto funds on Trust Wallet. In particular, you can make money with it, and that’s what we’ll talk about today – how to make money with Trust Wallet. Trust Wallet is primarily a wallet for Ethereum-based tokens. But...

How do crypto gift taxes work? There are no taxes on gifting crypto if you live in the US, Germany or France. But the same can not be said for other countries.  While it’s totally true that people might gift each other crypto just for the sake of it,...

This is how crypto taxes in India works –  30% tax on income earned from the transfer of any digital assets or cryptocurrency. Plus, 1% TDS.  While presenting the Union Budget of 2022, Finance Minister Nirmala Sitharaman announced the new crypto tax laws. The announcement was followed by harsh...

According to a study by Fidelity, nearly half (45%) of all cryptocurrency investors donated $1000 or more to charities. It’s huge compared to the total investor population donating to charities, only 33%. We don’t know why crypto investors are more inclined towards charities than the overall investor population. Maybe...

Taxes, especially crypto taxes, can be a real headache. That’s why most people like not to think about taxes until tax season comes around. However, seasoned crypto investors know that creating a year-round tax-saving strategy is crucial to reduce taxes as much as possible. Otherwise, you could be losing...

The same rules apply to yield farming taxes, which apply to basic cryptocurrency transactions. You pay income taxes on rewards received from yield farming and capital gains taxes on selling or swapping cryptocurrency. Or at least, that’s how it works in theory. In practical reality, it’s much more complex...

This is how crypto taxes in Germany works in a nutshell –  If you sell your crypto the same year of purchasing it and gain a profit of €600, you’ll be liable to ordinary income taxes under the German Tax Acts.  Germany has seen a lot of changes and...

Crypto taxes in Austria were pretty simple and straightforward until a recent crypto tax reform came into effect this April. Due to this recent change, crypto tax regulations in Austria have now split into two paths –  The old taxation rules, which apply to crypto you bought before 28...

Crypto taxes in Ireland are divided into mainly two categories –  Capital gain taxes, which you pay when you dispose of your crypto. Ordinary income taxes, which you pay when you receive crypto as income or reward.  There are some other tax consequences as well, but the majority of...