Do I actually have to pay capital gains tax on BTC, ETH or LTC that went up in value while 'stored' in a Coinbase account? Technically, no specific coins were owned by me, all I was holding was an agreement between myself and Coinbase saying they agree to give me X amount of crypto if I ask for it.
>Technically, no specific coins were owned by me, all I was holding was an agreement between myself and Coinbase saying they agree to give me X amount of crypto if I ask for it.
this is why I don't think I need to pay taxes on my fiat gains stored on Gemini, at least not until I withdraw to my bank account