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10 Top Countries for Crypto Investors: ZERO Crypto TaxBuying cryptocurrency isn't a taxable event by itself. You can choose to buy and hold cryptocurrency for as long as you'd like without paying. No. Koinly uses zero cost basis for coins that do not have proof of purchase. This is what tax authorities recommend as it means you pay tax on. The IRS treats cryptocurrency as �property.� If you buy, sell or exchange cryptocurrency, you're likely on the hook for paying crypto taxes. �.
