How can I borrow against my cryptocurrency assets to avoid capital gains taxes?

1 answers

• Kjeldsen BoesenJul 28, 2024 · a year ago
  At BYDFi, we offer a borrowing service that allows you to leverage your cryptocurrency assets without triggering capital gains taxes. Our platform enables you to borrow against your cryptocurrency holdings, providing you with liquidity while maintaining your exposure to potential future gains. By using our borrowing service, you can access funds for various purposes, such as purchasing additional assets or covering expenses, without incurring immediate tax liabilities. However, it's important to note that tax regulations may vary depending on your jurisdiction, and it's advisable to consult with a tax professional to fully understand the tax implications of borrowing against your cryptocurrency assets.
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