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/biz/ - Business & Finance

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24920120 No.24920120 [Reply] [Original]

Alright, so I decided to open my first exchange account, and I decided that coinbase seems like a good option since it's fairly simple and they also offer free 150$. However, while registering it asked me to provide a shitton of private information. Anyone here uses it? Should I be worried about it, since I don't want to have revenue services knocking on my door any time soon, or ever

>> No.24920148
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24920148

>>24920120
You should be using Coinmetro

>> No.24920167

>>24920120
Why the fuck do you expect a financial service NOT ask you about private information?

They require it as they’ll report you to the tax man

>> No.24920169

>>24920120
Oh, and yeah, Coinbase recently dobbed a load of users in to the IRS

>> No.24920184

>>24920167
I don't know, but I don't think all exchanges do that. Kraken doesn't I'm fairly sure

>> No.24920201

>>24920148
Might as well, I'll see what they trade

>> No.24920468 [DELETED] 

>>24920120
Hope you do my Coinbase Earn links OP! I been struggling this season!

Compound Quiz for free money

https://coinbase
.com/earn/comp/
invite/98hqkw0n

Compound Answers
Q1: Earning interest
Q2: Supply a crypto asset as collateral
Q3: COMP token holders

Stellar Lumens Quiz for free money

https://coinbase
.com/earn/xlm/
invite/skgc8jm7

Answer 1: A decentralized protocol that unites the worlds financial infrastructure
Answer 2: Facilitating low-cost, universal payments
Answer 3: Transactions are fast, inexpensive, and global
Answer 4: To issue, exchange, and transfer tokens quickly and efficiently
Answer 5: It relies on the cooperation of trusted nodes to confirm transactions

>> No.24920494

>>24920184
...Kraken holds a bank charter. Stop trying to avoid paying taxes. This isn't 2016. Crypto is main stream now, you will go to jail.

>> No.24920756

>>24920494
It's not even so much about avoiding taxes at this point, I just don't want to be tracked. So much for these anonymous currencies where you still have ID yourself and provide bank details at every step just to buy and exchange them

>> No.24920891

>>24920756
How do you expect the platforms to intiate a transfer from your bank account if they don't know who you are?

>> No.24921147

>>24920891
That I understand, but you have to provide the same info even if you want to trade one crypto for another

>> No.24921520

>>24920120
I hope you anons are keeping track of how many new idiots like this are coming in. Be ready to sell

>> No.24921633

Coinbase IPO listing.
Source live CNBC!!!!

>> No.24921708

>>24921633
paperwork filing for stock exchange. Crypto becoming more mainstream

>> No.24922268

It's almost as if exchanges and marketplaces don't want to get BTFO by the SEC because you want to dodge the IRS.

>> No.24922303 [DELETED] 

Here's some free BAND.

https://coinbase
.com/earn/band/
invite/689jvs2x

Answer 1. Band protocol brings real world data to the blockchain
Answer 2. Oracles secure and power blockchain with just a few lines of code
Answer 3. You can stake band to earn blockchain rewards

>> No.24922412

Use Bisq

>> No.24922559

>>24920120
ahahahahahhahahahahahahaha
fucking idiot
"oh i decided to use coinbase, seems like a good idea"

enjoy getting KYC and tax raped up the ass.

>> No.24922607

>>24921520
actually, you have a point
with an idiot like choosing coinbase, expect a crash to 19k these 3 days.