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.
Coinbase is no decentralized. They don’t care about privacy. This isn’t on-chain.
You’re asking for ways to evade taxes and regulation. People go to jail for setting up those systems.
I believe exploring the option of setting up a private smart contract could offer a more discreet approach without revealing individuals details.