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Staking tax

Binance

Cryptocoins Exchanges / Binance 133 Views

Whats up, it’s nonetheless not clear to me how staking taxation works. Let’s say I have 1000 ADA and the day X I’m rewarded with 1 ADA that on day X is valued 5 USD. Do I've to pay 5 * 26% = 1,3 USD? The identical state of affairs is occurring each day, since day by day I’m rewarded with 1 ADA. And, on prime of that, the time I’ll sell my ADAs I’ll be taxed for capital achieve.

Is this the state of affairs?

Thanks on your comments!

submitted by /u/Pure-Cheesecake-5669
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