If I sell out my btc to tether does this mean it is still a cryptocurrency and I won’t be taxed and can I store tether on a nano ledger so keeping it off the exchange for safety??
Thanks
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Hi @Rish_Messina, the taxation law depends on your country. In the USA, crypto-to-crypto transactions are taxable, so BTC to Tether would be a taxable event.
According to Ledger’s site, looks like you can secure your Tether using a Ledger wallet with a third-party service: https://www.ledger.com/tether-wallet/
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