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

  • WhiskyTangoFoxtrot40@alien.topBEnglish
    1·
    10 months ago

    I believe that is what Biden and his party have voiced for a couple years now. In short, they want it gone or taxed beyond imagination. As in tax on unrealized gains and such.

  • Furlz@alien.topBEnglish
    1·
    10 months ago

    Back in the day when I first signed up for coinbase I was 16 and a freshman in high school. You didn’t need any of that stuff!

  • timmerwb@alien.topBEnglish
    1·
    10 months ago

    Have you explained your situation to them? I had similar to this on Kraken at least 5 years ago. It’s not new. In the U.K. you can’t even buy a house without providing similar kinds of documentation. People will always blame corrupt Gov’ment and conspiracies etc but the reality is no one stands up and complains about it. And then you’ve got crypto and tardfi packed with scammers everywhere. It’s hardly surprising we’re in this mess.

  • Flyingpiez@alien.topBEnglish
    1·
    10 months ago

    We should make an exchange like the GE in runescape. Completely decentralized with the ability to exchange any amount of crytpo for different crypto.

  • shadowmage666@alien.topBEnglish
    1·
    10 months ago

    Maybe because you’re trying to use coinbase internationally LOL , you should preface your statement with the truth FIRST and not send these people into a whirlwind of disinformation

    • viisi@alien.topOPBEnglish
      1·
      10 months ago

      I’m a US citizen. My LLC is registered in the US. The house I own is in the US. I pay my taxes in the US.

      Not a single thing I have said has been disinformation.

  • Hosquetxx@alien.topBEnglish
    1·
    10 months ago

    A lot of the other exchanges require you to do the same. Coinbase is a public company and is highly regulated compared to others

  • road22@alien.topBEnglish
    1·
    10 months ago

    I think because you are only cashing out and not purchasing.

    I would take some of the cash you receive, go to Gemini and make buy some ETH.

    Then remove the ETH to your cold storage.

    If you are cashing out more than you have deposited, then it will raise a flag.

    For all they know you are doing something illegal and getting paid in Crypto.

  • totalolage@alien.topBEnglish
    1·
    10 months ago

    Recently zkP2P was featured in the Daily Gwei, I’m in no way endorsing it, you should absolutely vett it yourself as hard as you would anything else, but just wanted to point out that it is a project that might meet your needs

  • bishopgay@alien.topBEnglish
    1·
    10 months ago

    well what did we expected its just a broker eventually(no way such a lucrative business could go unregulated)anyway wtf a you surprised about if you still trading crypto into usd