Crypto's are treated as property in the U.S., not currency. Every sale, trade, or swap can trigger Capital Gains Tax Crypto, either short-term or long-term, depending on your holding period.Gains realized in less than a year are treated like other income and taxed at rates up to 37% for those who earn most. After one year, accounts may provide interest rates from 0% to 20%. It’s common for traders to ignore this split which they usually regret when they get the bill. If you don’t have the rules down, you might as well light your money on fire before you claim it.