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
WTF! I’m certain this will poses a significant threat to user privacy. I strongly oppose any on-chain doxxing that involves KYC.
It is good you value your privacy. I believe there should be a way of incorporating privacy preserving chain like SECRET to provide technology that support privacy by defaults, empowering individuals to choose what information they share and with whom.
just state you’re a private entity trading NFTs and that all of your profits are declared and tax paid for. you can show original purchases that lead to the NFTs or if you’re an artist just link to your project. tell them you aren’t working for a company and you’re a sole trader.
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