If you buy and sell coins, it’s important to pay attention to cryptocurrency tax rules. Cryptocurrency is treated as a capital asset, like stocks, rather than cash, which means that you need to pay your marginal tax rates on the crypto when you register your return with the ATO. It also means that if you sell cryptocurrency at a profit, you’ll have to pay capital gains tax. You can read our guide to Crypto and Tax In Australia. If you buy and sell coins, it’s important to pay attention to cryptocurrency tax rules. Cryptocurrency is treated as a capital asset, like stocks, rather than cash, which means that you need to pay your marginal tax rates on the crypto when you register your return with the ATO. It also means that if you sell cryptocurrency at a profit, you’ll have to pay capital gains tax. You can read our guide to Crypto and Tax In Australia.
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Staking has become an increasingly popular way of earning passive income with cryptocurrency. It involves storing and locking a certain amount of cryptocurrency to support the network and confirm transactions in exchange for a reward in the form of more cryptocurrency. CRO Staking through your Crypto account is rewarded with several benefits, like access to a premium Crypto Visa card, cashback from your online purchases, tier-based APR of up to 8%, trading fee benefits (zero maker fees and maker fee rebates from staking more than 50,000 CRO), and boosted returns from staking other cryptocurrencies. The yield increase varies for different coins and tokens, but it rises in proportion to the amount of staked CRO you have in your account. Through Crypto Earn, you can earn staking rewards from more than forty different cryptocurrencies and tokens, including Cardano, Flow, and Solana. You can also earn interest rewards by staking a few cryptocurrencies that don’t run on PoS blockchains, like Bitcoin and Ethereum.