Crypto tax in Bermuda
Is cryptocurrency taxed in Bermuda?
No, in Bermuda, cryptocurrency is classified as exempt from tax. Long-term holdings are also exempt.
Common questions
- What is the headline tax rate for crypto in Bermuda?
- Bermuda classifies cryptocurrency as exempt, and no headline tax rate is specified.
- Are there exemptions for long-term crypto investments in Bermuda?
- Yes, Bermuda has a long-term exempt status for cryptocurrency holdings.
- Does Bermuda have an income tax system?
- Bermuda operates under a no income tax system.
Bermuda is crypto-friendly.
Treatment
not taxed
Long-term
Tax-free
Headline rate
0%
For an individual relocating to Bermuda, private crypto gains are not subject to income tax or capital gains tax, so disposals are effectively tax‑free regardless of holding period.
“Bermuda does not levy taxes on income or capital gains. Government fees and taxes that are due (such as payroll tax, customs duty, stamp duty or others) may be paid using USD Coin (USDC), a form of cryptocurrency, through the Government’s USDC payment option.” — Government of Bermuda
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.