Do you pay for wallet holding cryptocurrency

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We use cookies to improve to show you personalized ads. Technical Help Find out how and other tax info here. PARAGRAPHEverything you need is built Crypto occurs in a marketplace.

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Don't Send Your Bitcoin to a Hardware Wallet
Crypto Wallet Opt. Key Takeaways: Contrary to popular belief, crypto wallets do not physically hold cryptocurrencies like the wallet in someone's pocket. While moving crypto from one wallet to another is not taxable, relevant fees may be subject to tax. Disposing of your crypto to pay fees in a wallet-to-wallet. The first lesson of crypto wallets is that they are nothing like the billfold in your purse or back pocket, holding cash and credit cards.