dislaimer: I'm not a tax lawyer. This is not advice. etc... In general, trading crypto is taxed like trading stocks or any other commodity. So, when you trad

dislaimer: I'm not a tax lawyer. This is not advice. etc... In general, trading crypto is taxed like trading stocks or any other commodity. So, when you trade some coins for something else, at that moment you owe tax on the difference in value between when you received vs. when you gave. Long term/short term capital gains and wash trade timing rules apply. It gets pretty complicated when you have a trade where you are trading from a batch composed of multiple buys at difference price points in the past. Especially when you have to sort out the cap gains on the exchange fees you paid in crypto.