is coinbase convert taxable

Coinbase, a cryptocurrency exchange platform, allows users to store and exchange cryptocurrencies. It is important to note that the exchange does not convert taxes for its users. This means that the user is responsible for their own taxes, including any income or profit generated through the exchange platform. However, some users may still choose to use Coinbase due to its user-friendly interface and convenience. In this article, we will explore the impact of Coinbase on users' tax obligations and provide examples to support our points.