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I exchanged crypto assets for euros but left the money in a crypto asset account. Do I need to pay tax on the profits, even though I have not withdrawn the money?

Yes, you must pay tax. An increase in the value of crypto assets is taxed separately every time you exchange crypto assets for another currency. It makes no difference whether you leave the funds in a brokerage service’s account or transfer them to your own bank account.


Page last updated 5/6/2021