Thursday, February 11, 2021

What is the best way to sell IOTA for USD?

Is there a way to sell IOTA for USD directly, or must I first convert to another crypto like Bitcoin. Especially considering that my holdings are now considered long term, is there a problem with converting IOTA to another crypto first? For example, if I convert IOTA to BTC, the US considers that a taxable event, which would be long term gains. But if I then immediately sold the BTC for USD, that would be another taxable event which I would assume would be considered short term gains. Does anyone know anything about this process?


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