Post
Topic
Board Altcoin Discussion
Re: Do I pay taxes when I sell an alt coin for bitcoin?
by
N1ghtcr4wl3r
on 09/08/2017, 15:17:49 UTC
When you buy or sell bitcoin on an exchange
there are no TAXES involved just transaction fees
for the MINERS to process your order,
as YYmeans posted above.

When you want to CASH-OUT into your bank account
that is when you will be {possibly} liable for taxes,
this depends on your country, you will more than likely
be allowed a certain amount TAX-FREE.

This.
Just switching currencies does not make you tax liable, just cashing out.