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Crypto tax basics

How crypto is taxed, what records to keep, common mistakes.

Why swap times vary and what to do during the wait — the full guide to this subject.

Guides on this site

Can you cancel a swap after the deposit transaction has been sent

No, you cannot cancel a swap once the deposit transaction has been sent. The moment your coins leave your w...

How do weekends and public holidays affect crypto swap settlement times

Weekends and public holidays can delay crypto swap settlement, primarily because banks and traditional paym...

How many block confirmations do different chains require before a swap completes

The number of block confirmations required before a swap completes varies by blockchain, typically ranging ...

What can you safely do while waiting for a swap to finalize

You can safely walk away from your computer and do anything else that does not require you to access the co...

What happens to a swap already in progress when the network gets congested

A swap already in progress does not fail due to congestion. It simply waits for confirmation on the sending...

What occurs if a swap is left unfinished overnight or over a weekend

If a swap is left unfinished overnight or over a weekend, it will continue automatically once the required ...

Why does a swap sometimes confirm in seconds and other times take over an hour

A swap confirms quickly when both the source and destination blockchains are processing few transactions re...

Why is the estimated time on a swap quote shown as a window instead of an exact number

The estimated time on a swap quote is shown as a window because no one can predict exactly when a blockchai...

How are crypto capital gains taxed when you sell or trade

A capital gain or loss in crypto is triggered only when you dispose of an asset. Holding coins does nothing...

Hiring a Crypto CPA vs Using Tax Software Yourself

You have traded crypto. Now tax season arrives. The question is simple: file yourself with software, or pay...

When Are Crypto Staking Rewards and Airdrops Taxed as Income

The IRS has made its position clear: staking rewards, airdrops, and mining income are taxed as ordinary inc...

Crypto Like Kind Exchange Rules Before and After 2018

The Tax Cuts and Jobs Act of 2017 changed Section 1031 like-kind exchange rules significantly. For tax year...

How to harvest crypto tax losses before year end

Tax-loss harvesting is a straightforward strategy with a precise window: you sell assets that are worth les...

How to Track Tax Lots for Crypto Across Wallets and Exchanges

A tax lot is a single purchase of cryptocurrency recorded with a specific date, quantity, and price. When y...

Best Crypto Tax Software Compared for 2025 Filing

Tax season never ends for crypto traders. Every swap, every airdrop, every liquidity pool deposit can be a ...

How to Fix Common Crypto Tax Software Sync and Import Errors

Crypto tax software promises to automate a messy process. In practice, sync failures and import errors are ...

Do Wash Sale Rules Apply to Crypto in 2025

The short answer is no. Wash sale rules under Section 1091 of the Internal Revenue Code apply to securities...

Which defi transactions trigger a taxable event

The decentralized finance world moves fast. Tax rules move slow. That gap creates real ambiguity for anyone...

How donating appreciated crypto reduces your tax bill

Donating cryptocurrency that you've held for more than a year can deliver a double tax benefit. You avoid p...

FBAR and FATCA Reporting for Foreign Crypto Exchange Accounts

If you hold cryptocurrency on a foreign exchange, you may have two separate filing obligations with the U.S...

FIFO vs LIFO vs HIFO vs Specific ID for Crypto Cost Basis

The cost basis method you choose determines how much tax you pay when you sell crypto. Different methods as...

How to Fill Out Form 8949 and Schedule D for Crypto Trades

Form 8949 and Schedule D are the two IRS forms you use to report capital gains and losses from crypto trans...

IRS Crypto Warning Letters 6173 6174 and 6174-A Explained

If you hold or trade cryptocurrency, the IRS has several ways to get your attention. One of them is a lette...

Can the IRS really track your crypto transactions

The short answer is yes. The IRS has built a sophisticated toolkit for following crypto transactions across...

Swap crypto

Live rates · no account
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You send from your own wallet straight to the exchanger — nothing to connect, no account, and you stay on this page throughout. Rates are indicative until a swap is opened.

The swap is carried out by an independent exchanger and the deposit address above is theirs. babybuilder.xyz never holds, receives or controls your funds, has no key to that address, and earns a referral commission. Opening a swap sends your receiving address, IP, browser and timezone to the exchanger for their compliance checks; we store none of it. Check their terms, fees and country restrictions before sending anything.

Crypto prices right now

Bitcoin (BTC)
$78,624
▼ -0.51% down 24h
Ethereum (ETH)
$2,464
▼ -1.95% down 24h
Solana (SOL)
$102.57
▼ -3.72% down 24h

Latest from babybuilder.xyz

Why swap times vary and what to do during the wait

A crypto swap is not a single event. It is a sequence of transactions, each dependent on the previous one, and each subject to the conditions of its own blockchain at that moment. Understanding that sequence is the only way to make sense of why some swaps finish in seconds while

What can you safely do while waiting for a swap to finalize

You can safely walk away from your computer and do anything else that does not require you to access the coins you sent or the coins you expect to receive. The swap will either complete or fail on its own, and neither outcome requires your real-time attention.

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Crypto news

Headlines link to the original publishers. We don't reproduce their articles.

How to convert crypto: on-chain vs off-chain

Off-chain (on an exchange)

Your trade happens inside the exchange's own ledger. Nothing touches the blockchain until you withdraw.

  • Cheapest and fastest for common pairs
  • Needs an account and usually ID verification
  • The exchange holds the coins until you withdraw them
  • Best for converting to and from cash

On-chain (a DEX or swap)

You swap from your own wallet. The transaction settles on the chain and you pay its fee.

  • No account, no custodian — you keep the keys
  • You pay network fees, which vary a lot by chain
  • Small or new tokens often only trade here
  • Slippage and thin liquidity are real costs on low-volume pairs
Before any on-chain swap: check the token's contract address against a block explorer, start with a small test amount, and review what you are approving — an unlimited token approval to an unknown contract is how most wallet drains actually happen.

Not financial advice. babybuilder.xyz publishes market data and general information about digital assets. Crypto assets are volatile and you can lose everything you put in. Nothing here is a recommendation to buy, sell or hold, and we make no price predictions.

Prices are sourced from third parties and may be delayed or wrong. Verify anything you intend to act on against a primary source.