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

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.