In addition, it's important to remember that the crypto profits are taxable per IRS rules, according to a report by PCMag on Friday, Feb. With regards to the crypto crash, this move is advisable since the bear market continues to hit several cryptocurrencies including Bitcoin and Ethereum.Īmid the persistent drop in the value of the coins, the people should be prepared for the upcoming fluctuations that will happen. This would give more breathing room for investors who want to put their money in crypto investments.

Coinbase is committed to giving everyone instant and easy access to the cryptoeconomy,' the remote-first crypto exchange platform announced.įurthermore, the users are also given the option to deposit the tax refund in US dollars.

'This year, customers can deposit refunds into Coinbase fee-free to start immediately putting their money to work. With that being said, the refund can be converted into crypto and users can choose from more than 100 digital currencies.

For a change of scene, Coinbase is reportedly bringing a unique way of receiving a tax refund.

Intuit mint cryptocurrency