Tax Implications of Earning Interest on your Crypto

The Interest Account is an interest-bearing product: you can earn more bitcoin, bitcoin cash, ether, XLM, USD Digital, and Tether simply by transferring the funds that you already own into your Interest Account (learn how to get started here). As with all interest-bearing products, you are required by your local laws and regulations to pay taxes on the interest you earn.

Tax laws vary greatly by region, so we recommend you consult a tax professional, financial advisor, or attorney for any assistance you may need in determining any tax liabilities and with filing your taxes correctly. 

Need help getting specific account information you need to file your taxes? Contact our support team for assistance.

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