When trading proceeds fund a purchase, that’s a tax event

The single wallet is convenient — but it has a tax implication worth understanding. When you sell a profitable position to free up cash for a shop purchase or a donation, that sale is still a taxable event in most jurisdictions.

What this means in practice

• Buying a Xiaomi SU7 with cash you have always held in the wallet — no tax event.
• Selling 0.5 BTC bought a year ago at $20,000 to buy the SU7 — capital gain on the appreciation, taxable per your local rules.
• Round-up-to-give donations using cash balance — no tax event. (But may be deductible — see the impact article.)

How we help

• A real-time tax-lot tracker shows realised and unrealised P&L per holding.
• Year-end statements are generated automatically and downloadable as PDF / CSV.
• For UK / EU users, we annotate disposals against the applicable matching rules (FIFO, share-pooling) where the underlying asset class supports it.

We are not a tax adviser. The statements we produce help your accountant; they do not replace one.