What are ‘Proceeds’?

In simple terms, proceeds are the total amount you receive when you sell or dispose of digital assets.  This amount can come in different forms, such as:

• Cash 

• Other digital assets (like exchanging Bitcoin for Ethereum)

• Property or items received in trade

• Services (if someone pays you with services in exchange for your digital asset)

So, proceeds refer to the value you receive when you sell or exchange a digital asset.