How crypto is taxed, what records to keep, common mistakes.
Why swap times vary and what to do during the wait — the full guide to this subject.
When a blockchain hard fork creates new coins that appear in your wallet, you do not have a taxable event a...
Yes, using cryptocurrency to buy an NFT is a taxable event, and the value of the NFT for tax purposes is ge...
Providing liquidity to a decentralized exchange or automated market maker creates two distinct tax events: ...
If a crypto exchange you used gets hacked or shuts down, your tax obligations do not disappear. You still n...
Spending cryptocurrency on goods or services is a taxable event in most jurisdictions, including the United...
When you use a decentralized exchange (DEX), you are responsible for tracking every transaction yourself. C...
You report crypto earned from play-to-earn games as ordinary income on your tax return, valued at its fair ...
Moving cryptocurrency between wallets you control is not a taxable event. The IRS treats transfers between ...
If someone gives you cryptocurrency as a gift, you generally do not owe tax when you receive it. You owe ca...
The IRS can audit crypto transactions going back at least six years, and in cases of suspected fraud, there...
If you filed a tax return that omitted crypto income, you can correct it by filing an amended return using ...
The short answer is: no, gas fees paid to execute a crypto transaction are generally not directly deductibl...
If your crypto exchange records are gone, you can still reconstruct and prove your cost basis - the origina...
The short answer is that the IRS can still penalize you for failing to report any crypto trade, regardless ...
No, you cannot cancel a swap once the deposit transaction has been sent. The moment your coins leave your w...
Weekends and public holidays can delay crypto swap settlement, primarily because banks and traditional paym...
The number of block confirmations required before a swap completes varies by blockchain, typically ranging ...
You can safely walk away from your computer and do anything else that does not require you to access the co...
A swap already in progress does not fail due to congestion. It simply waits for confirmation on the sending...
If a swap is left unfinished overnight or over a weekend, it will continue automatically once the required ...
A swap confirms quickly when both the source and destination blockchains are processing few transactions re...
The estimated time on a swap quote is shown as a window because no one can predict exactly when a blockchai...
A capital gain or loss in crypto is triggered only when you dispose of an asset. Holding coins does nothing...
You have traded crypto. Now tax season arrives. The question is simple: file yourself with software, or pay...
The IRS has made its position clear: staking rewards, airdrops, and mining income are taxed as ordinary inc...
The Tax Cuts and Jobs Act of 2017 changed Section 1031 like-kind exchange rules significantly. For tax year...
Tax-loss harvesting is a straightforward strategy with a precise window: you sell assets that are worth les...
A tax lot is a single purchase of cryptocurrency recorded with a specific date, quantity, and price. When y...
Tax season never ends for crypto traders. Every swap, every airdrop, every liquidity pool deposit can be a ...
Crypto tax software promises to automate a messy process. In practice, sync failures and import errors are ...
The short answer is no. Wash sale rules under Section 1091 of the Internal Revenue Code apply to securities...
The decentralized finance world moves fast. Tax rules move slow. That gap creates real ambiguity for anyone...
Donating cryptocurrency that you've held for more than a year can deliver a double tax benefit. You avoid p...
If you hold cryptocurrency on a foreign exchange, you may have two separate filing obligations with the U.S...
The cost basis method you choose determines how much tax you pay when you sell crypto. Different methods as...
Form 8949 and Schedule D are the two IRS forms you use to report capital gains and losses from crypto trans...
If you hold or trade cryptocurrency, the IRS has several ways to get your attention. One of them is a lette...
The short answer is yes. The IRS has built a sophisticated toolkit for following crypto transactions across...
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Status: waiting for your deposit
You send from your own wallet straight to the exchanger — nothing to connect, no account, and you stay on this page throughout. Rates are indicative until a swap is opened.
The swap is carried out by an independent exchanger and the deposit address above is theirs. babybuilder.xyz never holds, receives or controls your funds, has no key to that address, and earns a referral commission. Opening a swap sends your receiving address, IP, browser and timezone to the exchanger for their compliance checks; we store none of it. Check their terms, fees and country restrictions before sending anything.
When a blockchain hard fork creates new coins that appear in your wallet, you do not have a taxable event at the moment of the fork. The new coins become taxable only when you sell, trade, or spend them. The key question is what cost basis to assign to those new coins, and the answer depends on whet
Yes, using cryptocurrency to buy an NFT is a taxable event, and the value of the NFT for tax purposes is generally its fair market value in U.S. dollars at the moment of the transaction. You are not taxed simply for owning or creating an NFT, but the moment you spend crypto on one, the IRS treats it
Providing liquidity to a decentralized exchange or automated market maker creates two distinct tax events: the fee income you earn and the capital gain or loss when you withdraw. Reporting each correctly requires separating ordinary income from capital transactions. This page explains how both piece
If a crypto exchange you used gets hacked or shuts down, your tax obligations do not disappear. You still need to report all taxable events that occurred on that exchange, even if you can no longer access your account or your funds are lost. The IRS expects you to reconstruct your transaction histor
Spending cryptocurrency on goods or services is a taxable event in most jurisdictions, including the United States. When you use crypto to buy something, you are effectively selling that crypto for its fair market value at the time of the purchase. The difference between what you paid for the crypto
When you use a decentralized exchange (DEX), you are responsible for tracking every transaction yourself. Centralized exchanges send you downloadable transaction histories and tax reports. DEXs do not. The records you need to keep are the same records required for any crypto trade - but you have to
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Your trade happens inside the exchange's own ledger. Nothing touches the blockchain until you withdraw.
You swap from your own wallet. The transaction settles on the chain and you pay its fee.
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