How are crypto trading gains taxed?

Crypto trading gains are typically taxed as capital gains. When you sell cryptocurrency for profit, the difference between your purchase price and sale price is taxable income. Most countries treat short-term gains (held under 1 year) as ordinary income, taxed at your regular rate, while long-term gains (held over 1 year) receive lower tax rates. The specific rates depend on your country's tax laws. For example, the US taxes long-term capital gains at 0%, 15%, or 20% depending on income level. You must report all transactions, including trades between cryptocurrencies. Keeping detailed records of purchase dates, amounts, and prices is essential for accurate tax reporting. Some countries also tax mining rewards and staking income as regular income.