Decentralized Crypto Exchange Taxes. They also offer added layers of anonymity when making transactions. This scales down with trade volume to 0.02% for both sides of the trade.
If you sell or spend your crypto at a loss, you don’t owe any taxes on the transaction. A decentralized exchange is a platform that cuts out the middleman and allows users to trade cryptocurrency directly with one another. What you should note is that many exchanges that claim to be decentralized are actually not.
What is a decentralized exchange?
Zenledger is the most comprehensive crypto tax software, trusted by thousands of traders. What you should note is that many exchanges that claim to be decentralized are actually not. “yield farmers” or “liquidity miners” seek to earn rewards by using their crypto holdings as collateral to earn yield/interest. Per the irs's cryptocurrency tax faq, answer 16: