9Mo·

Tax-free after 1-year holding period

Hey, I've been holding $VBTC (-1,2 %)as I only benefit from the BTC performance, but the work with a new crypto exchange etc. was too time-consuming for me at the time.

I had already come to terms with the fact that I would have to pay tax on the profits for a while. However, I had also read the opposite in some cases, namely when the ETC/ETN actually holds BTC and you can theoretically have them delivered to you.

I made a small partial sale yesterday as a test and lo and behold, only the costs of the sale were deducted and no taxes were withheld.


In future, I will be using Bitavo and Strike to save costs.


For all those who want to share my joy or still have old stocks themselves.


LG

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When selling cryptos including ETNs, brokers generally do not withhold tax, regardless of how long you have held them. You must keep a record of purchases, sales, holding periods and profits yourself and include them in your income tax return. Only then will you be taxed.
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