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

  • Aliyu2g@alien.topBEnglish
    1·
    10 months ago

    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.

    • Zoenboen@alien.topBEnglish
      1·
      10 months ago

      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.

      • Aliyu2g@alien.topBEnglish
        1·
        10 months ago

        I believe exploring the option of setting up a private smart contract could offer a more discreet approach without revealing individuals details.