Hello: Your crypto is taxed when you you sell it. You will need to report the sale. The proceeds less the cost basis result in a gain or loss for tax purposes.
Here is a link with further details: https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/cryptocurrency-like-bitcoin-taxed/L8Z3rR59r_US_en_US?uid=loxr77f1