What other exchanges are there that I can use to deposit ETH, exchange for USD, and then withdraw to a US bank account? Possibly, even a wire transfer.
I’ve been trading NFTs since the end of 2021. I made all of my ETH and income doing only that. I only use coinbase to exchange some ETH into USD once a month for bills and mortgage. All of it was properly reported to the IRS and the taxes are paid on it.
They’re asking for a letter from my HR department, payslips, loan agreements… wtf
I don’t have any of that, lol
Imo in the future (5y+) CEXs are going to be obsolete for consumers and will only service institutions for compliance. Retails will move to on-chain perps like Drift and Infinex, agnostic chain dex like Chainflip, Thorchain, C3 might replace CEX spot