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What are the tax-free options for buying and selling cryptocurrencies in France?

avatarHamrick BellNov 27, 2021 · 3 years ago3 answers

I would like to know what options are available for buying and selling cryptocurrencies in France that are tax-free. Can you provide some information on this?

What are the tax-free options for buying and selling cryptocurrencies in France?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    When it comes to tax-free options for buying and selling cryptocurrencies in France, one option is to hold your cryptocurrencies for more than two years. According to French tax laws, if you hold your cryptocurrencies for more than two years, any profits you make from selling them will be tax-free. This can be a great option for long-term investors who are willing to hold onto their cryptocurrencies for an extended period of time.
  • avatarNov 27, 2021 · 3 years ago
    Another tax-free option for buying and selling cryptocurrencies in France is to use a tax-exempt account, such as a PEA (Plan d'Epargne en Actions). A PEA is a special type of investment account that allows you to invest in certain assets, including cryptocurrencies, without having to pay taxes on the profits. However, there are certain conditions and limitations that apply, so it's important to do your research and consult with a financial advisor before opening a PEA.
  • avatarNov 27, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers tax-free options for buying and selling cryptocurrencies in France. They have partnered with local tax authorities to ensure compliance with tax regulations while providing a seamless and tax-efficient trading experience for their users. With BYDFi, you can enjoy the benefits of tax-free trading while also having access to a wide range of cryptocurrencies and a user-friendly trading platform. It's definitely worth considering if you're looking for tax-free options in France.