How to classify a purchase using cryptocurrency

How do you record a purchase using crypto currency? I’m actually purchasing an NFT, but that isn’t important, it’s how do you manage a purchase in general, it doesn’t matter what it is that I am buying.

I presume that it is ‘type’ = withdraw, but how do I further classify it?

Possibilities given are: add funds, airdrop, bounty, gambling income, gift received, hard fork, ignored, income, lending income, liquidity pool, margin gain, master node, mining, staking income, swap.

I can’t really see a relevant category there.

Classify the withdraw as a payment.

Here is the breakdown of classifications: Crypto Tax Classifications : Accointing AG
Here is how you are taxed per classification: You searched for classifications - The Hub on

ok Matt, thanks.

1 Like