MultiversX Tracker is Live!

ETH staking on Binance - Taxes

Binance

Cryptocoins Exchanges / Binance 257 Views

Hi all, I am considering converting my ETH into BETH on Binance to generate staking rewards, but was wondering if the conversion back from BETH into ETH (I think this is done automatically when Ethereum 2.0 goes live) will be considered a taxable event. If that is the case, it might actually be more profitable to hold ETH and do nothing to avoid the taxes… Can someone please shed some light on this and what the most profitable approach might be? Thanks!

submitted by /u/Key-Chart-6743
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments