Should I enable or disable "Tax crypto to crypto trade"?

Quick Answer

Enable this option if your country treats all crypto to crypto trades (e.g. BTC for ETH) as taxable events. This means that the sent currency is treated as if it were sold and taxed accordingly.

Detailed Answer

In most countries you are liable to pay taxes on gains or losses incurred when you trade crypto for crypto, such as when exchanging Bitcoin for Ether. As long as this option is turned on, Divly will do the heavy lifting and calculate your gains/losses for every crypto to crypto trade in your country's local fiat currency.

Stable coins like USDC and USDT also count as cryptocurrencies.

Divly will have set this automatically based on your country.