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Watch This BEFORE You Do Your Crypto Taxes9 Different Ways to Legally Avoid Taxes on Cryptocurrency � 1. Buy crypto in an IRA � 2. Move to Puerto Rico � 3. Declare your crypto as income � 4. Hold onto. How to pay less crypto tax � Track your gains & losses � Harvest unrealized losses � Offset losses against gains � HODL � Pick the best cost basis method � Use crypto. Method 4: Donate Your Crypto. You can avoiding paying taxes on your crypto gains by donating your crypto to a qualified charitable organization.