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DO YOU HAVE TO PAY TAXES ON CRYPTO?If you held a particular cryptocurrency for more than one year, you're eligible for tax-preferred, long-term capital gains, and the asset is taxed at 0%, 15%. This is because you trigger capital gains or losses if its market value has changed. If you receive crypto as payment for business purposes, it is taxed as business income. The IRS treats all cryptocurrency, like Bitcoin and Ethereum, as capital assets and taxes them when they're sold at a profit.