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Yeah, this is the confusing part for me - moving from BTC to other crypto. Also if it is based on USD price at the time of the transaction...then which one? Coi

Yeah, this is the confusing part for me - moving from BTC to other crypto. Also if it is based on USD price at the time of the transaction...then which one? Coinbase rates can be far different from other exchanges.

an_account 9y ago
The lowest/highest one you can convince the IRS is valid.
s73ver_ 9y ago
The safest and simplest is probably the rate of the exchange you're using.
- dnautics 9y ago
  Some exchanges don't have usd. Even for those that do, it takes about 30-90 minutes to typically move ~100k in assets from one currency to another, double that if you're going between two altcoins via Bitcoin. During that time the effective usd exchange can have nontrivial swings.
  - s73ver_ 9y ago
    You go with the price when the transaction actually goes through.
    - dnautics 9y ago
      Which transaction? Moving money like that is not a single tx