Cashing Out In Crypto Help

[eddiep20]

Hey, do you guys cashout your crypto earnings to an offline wallet like a ledger first, or do you cashout your affiliate earnings straight to an exchange like Binance and sell and cashout. I am wondering will you have to pay taxes twice if you go to ledger or an offline wallet than send it to an exchange. Any help on this would be appreciated.

 

[Kadabra]

Better to send to wallet and then to exchange as gambling money not always welcome.

Regarding taxes, i am pretty sure the answer is no, but that is not something you should get an answer for on a forum, but ask a local accountant.

 

[eddiep20]

Better to send to wallet and then to exchange as gambling money not always welcome.

Regarding taxes, i am pretty sure the answer is no, but that is not something you should get an answer for on a forum, but ask a local accountant.

How do you normally do it?

 

[AussieDave]

How do you normally do it?

Ummmm he just told you...

I'd be sending directly to my wallet, then the exchange.