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Owing $800,000 In Taxes On $45,000 ProfitWash trading on Ethereum doesn't come cheap, with each trade likely costing between $1 and $5, according to Solidus. But profits can make up for. Wash trading is the illegal process of buying shares of a company through one broker while selling shares through a different broker. Wash trading is when someone sells something to themselves to inflate demand or make it look like there's more activity in a marketplace. This.