Previously, in Hungary, the cryptocurrency did not have the status of securities and did not have a special state body or a regulated market environment to control taxes, however, the state had some influence on this sector. All profit that could be obtained from exchange transactions was considered as other income that must be declared. During the reporting period, the owner of digital assets had to fix on a regular basis the amount and name of the cryptocurrency that participated in exchange transactions. When making a profit declaration, it was necessary to specify in what year the cryptocurrency was converted into fiat money or transferred to the next account. Cryptocurrency assets such as ethereum, ripple, dashcoin or litecoin were subject to a 15% income tax and a 15.5% social charge tax.In total, income tax was 30.5%. But as the cryptocurrency industry develops, more and more countries begin to change outdated policies and introduce new financial regulation for bitcoin and other altcoins. 

In this regard, the Hungarian government plans to reduce the tax percentage rate by almost half for all owners of digital assets in 2022. This is encouraging not only for cryptocurrency holders, but also for potential investors. Such trends are seen as a sign that the influence and importance of cryptocurrencies in the world continues to grow. To date, Hungary is already called the «Wyoming of Europe», comparing it with the US state, which is very friendly towards cryptocurrencies.

If you want to know the exchange rate of bitcoin to the dollar (btc to usd) or buy bitcoin in Hungary, but do not know which service is better to use, then we have a great offer for you. 

Especially for our clients from Hungary, the Buycoin.online crypto exchanger was developed, the main advantages of which are:

• Working in automatic mode 24/7/365 simplifies the work with the service and saves your precious time.
• You can make transactions at any time convenient for you and in any convenient place.
• Buycoin.online has the appropriate licenses for working with cryptocurrency, which are valid throughout the European Union and on the European financial market.
• The Buycoin.online website contains the most popular exchange directions: btc usd, btc eur, eth dollar, xrp usd, and others, which you can find by going to the exchange page.
• The variability of the cryptocurrency range makes it possible to choose the most suitable cryptocurrency for you, for example: BTC, BCH, BSV, ETH, LTC, XRP, ETC, XMR and many others.
• The site has a two-level referral program that allows you to receive additional funds from each transaction in the form of cashback. You also have the opportunity to receive cash interest from referrals invited by the link, who will have to register on the Buycoin.online website and complete at least one exchange operation. You can learn more about this information by going to the page – https://buycoin.online/loyalty.
• During the existence of our exchange service, we have gained an impeccable reputation among a large number of satisfied users. To read their reviews yourself, you can go to the «Reviews» page.

We will be glad to see you among our regular customers, track the bitcoin rate and make your financial transactions in Hungary as reliably as possible using Buycoin.online!