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As digital assets become a standard part of global finance, tax authorities are increasing their focus on crypto transactions. Whether you are an investor or a trader, understanding your tax obligations is essential to avoid penalties and manage your portfolio effectively.
Here are the key points from the latest Binance Academy report on how crypto is taxed:
🔸 When is a transaction taxable?
Tax is typically triggered by a "taxable event." It isn't just about cashing out to a bank account; it often includes:
Selling crypto for fiat currency.Exchanging one cryptocurrency for another (e.g., swapping BTC for ETH).Spending crypto on goods or services.Earning assets through staking, mining, or airdrops (often treated as income).
🔸 The Importance of Accurate Reporting
In many regions, tax forms now include a mandatory "Digital Asset Question." Answering this accurately is a legal requirement. Because tax authorities now use advanced blockchain analytics and receive direct reports from brokers, maintaining clear records of your cost basis and transaction dates is no longer optional.
🔸 Managing Your Liability
Understanding the rules can actually work in your favor. For example:
Capital Losses: In many countries, you can use losses to offset your gains, potentially lowering your total tax bill.Holding Periods: Some jurisdictions offer lower tax rates for assets held for more than a year.
🔸 Why you should read the full guide
Tax laws vary significantly by country, and the consequences of "tax evasion"—even if accidental—can be severe, ranging from heavy fines to legal action.
The full article covers the specific formulas used to calculate gains (like FIFO vs. Specific Identification) and explains how to prepare for future reporting requirements.
🔗 Explore the complete guide on Binance Academy

🎬 Join Binance Square’s Global Livestreaming Incubation Program to Grow & Earn BNB
Go live on Binance Square — and level up with our streamer bootcamp.
We’re excited to launch a Global Livestreaming Incubation Program designed to grow the Binance Square creator ecosystem.
Selected streamers will receive 1-on-1 support, content and growth guidance, as well as traffic boosts, helping you build a stronger audience and continuously improve livestream quality.
Go live on camera and compete in our 4-week incubation program, featuring a total reward pool of 4 $BNB . Each week, a 1 $BNB prize pool will be shared amongst the Top 3 streamers.

Campaign Duration:
9th February 2026 to 9th March 2026
Reward Structure (Total Reward pool: 4 BNB)

Notes:
Face-cam livestreams are mandatory — streamers must be on camera throughout the livestream.Idle or low-effort streams may be deemed ineligible.Binance Square will review livestream performance on-platform and may reach out to winners or selected streamers as needed.

Earn up to 50% commission with Write to Earn on Binance Square by publishing engaging content. Here’s a tighter playbook packed with simple tips to help your posts stand out, attract more readers, and maximize commissions.
1. Link Real Trades with Verified Trade Sharing Cards
Prove your winning trades are real with Verified Trade Sharing Cards. This adds authenticity and trust, making your content more reliable than screenshots.

2. Add Trading Widgets to Make Your Content Pop
Use Coin Cashtags: Tag up to three coin cashtags such as $BTC or $ETH for better discovery. 

Embed Candlestick Charts: Show real-time market trends with candlestick charts to support your analysis and keep readers informed.

3. Use Multimedia to Lift Engagement
Host Audio Lives: Share your trading strategy live and sync trades so listeners can copy your positions in real time. Add Videos and Images: Short videos and clear visuals make complex ideas easier to grasp and more shareable.

4. Upgrade Your Profile to Build Credibility
Trader Profile: Showcase overall performance, portfolio allocation, and trading badges—signal expertise without revealing sensitive information.

Live Futures Profile: For advanced users, show your ROI, open positions, and recent transaction history.

5. Write Clear, Helpful, and Consistent Content
Lead with the takeaway and offer actionable insights.Break up your content into short sentences and bullet points.Post regularly and always reply to comments and questions.
6. Stay on Top of Market Trends
Use Trending Topics on Binance Square to create content and boost visibility.Focus on trending assets and news. Add your unique angle so it’s not just noise.
Start incorporating these tips into your content. Build trust, grow your audience and turn your expertise into Write to Earn rewards!