When it comes to knowing how taxes on crypto gains work, you first need to remember that crypto is treated as property in the U.S. Whenever you sell, swap or use your crypto, you must pay capital gains tax and the tax rate ranges from 0% to 37% depending on how long you held it. I have found that it’s quite difficult, almost like fixing a jumbled up budget. You should learn these rules well so you don’t face expensive issues, since the IRS next year is expected to be more observant than it has been in the past. Focusing on core principles wrongly and you may end up losing money.