How To Avoid Capital Gains On Crypto?

To understand how to avoid capital gains on crypto you need to know the difference between fiat and crypto. Bitcoin is actually a digital currency, like dollars or euros. The difference is that it’s not issued by any government or central bank, nor is it backed by gold, which makes Bitcoin different from all other currencies. This means Bitcoin can be traded for goods and services worldwide without intermediaries like banks, which usually charge fees for the transactions.

One of the main benefits of Bitcoin (and other cryptocurrencies) is that there are no taxes involved in buying and selling them; this means you won’t have to pay taxes when shifting your assets across jurisdictions. The introduction of Bitcoin didn’t change tax rules around turn-over or inheritance of property so a person will not have to pay tax if they sell their belongings worth several hundred thousand dollars in Bitcoins at some point later in life—the sale would be subject to capital gains tax only when the ownership was transferred from one owner to another. However, if someone sells thousands or even millions of dollars worth of Bitcoins then he/she will get extremely large profits that need reporting for tax purposes every year since last July. In fact reporting such huge profit could lead you being charged money laundering charges including criminal penalties after being tried over 11 years jail time![1] So don’t risk deliberately avoiding taxes on Bitcoins because keeping everything anonymous with a clean wallet address will make selling easier! There’s more on taxation towards end section