Cryptocurrency: The Basics Cryptocurrency is often described as a “digital asset,” but don’t mistake it for a digitized version of cash like the kind you spend with PayPal.

The valuation of crypto assets has been a subject of debate for almost as long as they existed.

Read more: International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up For example, swapping one cryptocurrency for another is treated as a traditional sale of stock.

However, the cryptocurrency market is notorious for its volatility. Prices can skyrocket or plummet within hours, driven by market sentiment, regulatory news, or technological advancements.

TurboTax Expert Lisa Greene-Lewis explains the ways that cryptocurrency transactions can be taxed.

Clearly, everybody can be mistaken. Below, you’ll find a few important things to know about crypto, including some that you may not know and will surprise you, in less than 1,000 words. I Need ...

With cryptocurrency, one way to make a profit is to sell your investment when the market price increases. There are other ways to make money in crypto, like staking. With staking, you can put your ...

Cryptocurrency is long past its underground era. The Canada Revenue Agency (CRA) has made it clear that digital currency is taxable. It is considered a property taxed as business income or capital ...