this post was submitted on 22 Nov 2023
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Coinbase now requires me to provide proof of income, bank statements, source of wealth, etc... (alien.top)
submitted 11 months ago by viisi@alien.top to c/ethereum@blockchained.world
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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

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[–] Randombu@alien.top 1 points 11 months ago

Get legit. Make a company, report your trades, pay salary to yourself and issue tax forms. Then submit those to coinbase. You’ll need them for literally every exchange at some point in the future if you want to put USD into a bank account.