If you’re one of 40 million Americans shackled with student loan debt, then you probably know how heavy it weighs on you every day. Maybe you thought you would be able to pay it off early. Unfortunately, all too many people become stuck with this debt for decades, struggling to ever get ahead of it as interest rates only grow it more and more.

But what if you could pay off this debt using your profits from cryptocurrency investments? It may sound crazy, but using your earnings to pay down your debt is one of the smartest things you can do with your smart investments.

Before you get started, though, there are a few things to consider:

1. You Can’t Pay With Crypto

At this time, you’re not going to be able to pay your debt with pure Bitcoin or other cryptocurrency. Perhaps one day soon we’ll be able to! But in the meantime, you’ll likely need to sell your investment on an exchange like Coinbase. Which brings us to the next item…

2. Pay Your Taxes

Yes, unfortunately, the IRS is interested in your investments you made in cryptocurrency. Make sure you’re keeping this in mind by declaring a capital gain from any sale of Bitcoin or other cryptocurrency. Once you’ve accounted for this, you can move to the next step…

3. Pay As Much As Possible

Now is not the time to pay the minimum balance due. As much as you may want to hold on to your newfound gains, you’ll be better off if you pay down as much of your debt as possible early on. By doing this, you can lessen the damage that interest rates will do to you in the long run. It’s not fun, but remember: suffer now, enjoy life later.

Read over these steps, check your crypto investments, and decide if paying your student loan debt with cryptocurrency is the right move for you!