First In, First Out
DeFiFirst In, First Out (FIFO) is a way to track the order in which you bought and sold your cryptocurrency. When you sell, it assumes you sold the coins you bought first, which helps you calculate any taxes you owe.
- Definition
- First In, First Out (FIFO) is a way to track the order in which you bought and sold your cryptocurrency. When you sell, it assumes you sold the coins you bought first, which helps you calculate any taxes you owe.
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