Do I pay any taxes to purchase or sell bitcoin? If I use a Bitcoin debit card and withdraw USD from an ATM, is it a taxable event?

  • In what jurisdiction?
    – Nick ODell
    Apr 30, 2015 at 21:17

1 Answer 1


In the United States, Bitcoins are treated like a commodity asset, not like cash. So when you buy something with Bitcoins or exchange Bitcoins for dollars, you have a taxable capital gain on the difference between your basis in the Bitcoins and the value you got for the Bitcoins.

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