First In, First Out
First In, First Out (FIFO) is a way to track the order in which you bought and sold your cryptocurrency. When you sell, it assumes you sold the coins you bought first, which helps you calculate any taxes you owe.
More terms under F
- Financial Action Task Force (FATF)The FATF is an international group that creates rules to help countries fight against money laundering and the funding of terrorism.
- Financial Crime Enforcement Network (FinCEN)The Financial Crimes Enforcement Network (FinCEN) is a part of the U.S. Treasury that helps prevent financial crimes, including money laundering and fraud.
- Financial Transactions and Reports Analysis Centre (FINTRAC)FINTRAC is Canada's financial intelligence agency that monitors and analyzes financial transactions to prevent money laundering and other illegal activities.
- First-Mover Advantage (FMA)First-mover advantage is when a company is the first to offer a new product or service, allowing it to gain loyal customers and enter the market before…
- FishA fish is a person who invests a small amount of money in cryptocurrency.
- FlappeningFlappening refers to the event when Litecoin becomes more valuable and larger in market size than Bitcoin Cash (BCH). The term is inspired by "Flippening,"…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.