{"id":77812,"date":"2026-03-26T05:32:04","date_gmt":"2026-03-26T05:32:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=77812"},"modified":"2026-03-26T05:32:04","modified_gmt":"2026-03-26T05:32:04","slug":"selling-crypto-to-pay-taxes-coinbase-says-theres-another-option-but-x-users-identify-these-pitfalls","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=77812","title":{"rendered":"Selling Crypto To Pay Taxes? Coinbase Says There&#8217;s Another Option, But X Users Identify These Pitfalls"},"content":{"rendered":"<div>\n<p><strong>Coinbase Global Inc.<\/strong>\u00a0<a href=\"https:\/\/www.benzinga.com\/quote\/COIN\" target=\"_blank\" rel=\"noreferrer noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\">COIN<\/a>) stated on Wednesday that its users can borrow <strong>USDC <\/strong><a class=\"ticker-link\" data-ticker=\"USDC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/USDC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDC<\/a>) against their cryptocurrency holdings to cover tax bills, avoiding the need to sell them.<\/p>\n<h2 class=\"wp-block-heading\">Coinbase Presents \u2018Choice\u2019 For Users<\/h2>\n<p>In an X post, Coinbase said that selling cryptocurrencies would trigger capital gains taxes and could create a cycle of selling more to cover the new taxes. <\/p>\n<p>Remember that tax <a href=\"https:\/\/www.benzinga.com\/money\/is-swapping-crypto-taxable\">applies only when you realize the gains<\/a>. Capital losses aren\u2019t taxable.<\/p>\n<p>The other option they suggested was to get loans in USDC while holding the cryptocurrency, including <strong>Bitcoin <\/strong><a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and <strong>Ethereum <\/strong><a class=\"ticker-link\" data-ticker=\"ETH\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/ETH-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>), as collateral, with the loan itself not treated as a taxable event. Later, they can convert the USDC into dollars, pay taxes with that &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/03\/51473957\/coinbase-suggests-alternative-to-selling-crypto-for-taxes?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Selling\" crypto to pay taxes coinbase says there another option but x users identify these pitfalls>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Global Inc.\u00a0(NASDAQ:COIN) stated on Wednesday that its users can borrow USDC (CRYPTO: USDC) against their cryptocurrency holdings to cover tax bills, avoiding the need to sell them. Coinbase Presents \u2018Choice\u2019 For Users In an X post, Coinbase said that selling cryptocurrencies would trigger capital gains taxes and could create a cycle of selling more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-77812","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77812"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77812\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}