Navigating Crypto Taxes: Cashing Out Crypto for Fiat Currencies

Cashing out your crypto into fiat currency like USD, CAD, or Euro? It’s important to understand your tax obligations.

In most jurisdictions, converting crypto into fiat is considered a taxable event. That means you may owe capital gains tax on the profit from your crypto sale.

Here’s how Kise.Money helps:

• 📊 Transaction Records: Every cashout is logged and accessible in your Kise dashboard.
• 🧮 Clear Payout Reports: Downloadable receipts for tax filing.
• 🌍 Global Compliance: We adapt to local tax regulations in key markets (Canada, US, EU, and Africa).

What you should do:

• Track your crypto purchase prices (cost basis).
• Keep records of all transactions.
• Report your gains/losses accurately to your tax authority.