If you hold for less than 1 year, you pay your personal tax rate. If you hold for more than 1 year, you only pay short term capital gain of 15%. This is a reason to build a long term portfolio first and hold. So that you have them more than a year and have minimal taxes. The trades of less than one year will cost you your personal tax rate, but if you are making a lot of money, its just part of the game.
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Ty. I also read depending on your tax bracket you could pay zero capital gains if you hold over 1 year. I am all about keeping "my money" and not paying thugs :). Im looking into multiple avenues. Ive also read you could buy through a roth ira and some insurance policies. Id really like to know what @haejin does cuz i know he has this on lock. Thnx for the input ;)! HODL
Ps the trades cost you, or you mean when you cash out in less than a year? No exchange i know of have any tax software...