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Investing in cryptocurrencies can lead to enormous gains if you watch the market closely and it’s easy to get excited about watching values increase as your portfolio grows. Amid this excitement, it’s easy to forget about the looming shadow of taxes which has the power to eat into your profits quite significantly. Fortunately, there are many ways you can defer and minimize these taxes. Read on for the best measures to save on your crypto tax bill and maximize your own profits. 1 Tax Loss Harvesting   Unfortunately, investments don’t always make the gains we hope for and this is as true for crypto as any other investment. However, you can use these losses to your advantage when it comes time to cash in on your gains in other areas. Selling your reduced-value cryptocurrency to realize those losses means you can offset other gains and minimize your tax bill. 2 Investing long term The amount you pay in capital gains tax decreases the longer you hold your investment, so getting i...