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Binance Card Payments & Taxes (EU)

Binance

Cryptocoins Exchanges / Binance 205 Views

If I have only BTC in my card wallet and use my Binance Card to pay an item, will this count as a trade, i.e. a taxable event or not? To clarify, I'm a German tax citizen. Crypto that isn't held for over a year without touching or staking it is taxed with income tax (up to 45%, which is ridiculous). I'm wondering if I can conveniently and legally spend some of that BTC through my Binance Card in order to avoid paying those taxes. Looking forward to your insights!

submitted by /u/yeahshamous
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