I would like to inform about purchasing on a KYC exchange.
My friend will buy $700 worth of Bitcoin on his account at NEXO/Binance, and he will send what he buys to MY hardware wallet Trezor.
He will have tax obligations and unnecessarily worries about how I will handle those specific sats he sends me?
And I am completely unconcerned because it doesn't matter to me where those sats come from? For me, it's the same situation as if I bought them peer to peer on the street for cash?
What does it mean for me?
What does it mean for my friend?
Thank you for answer
- What are you avoiding, Kyc? I don't seem to see anything about submitting KYC to an exchange as long as it's like Binance or some other platform, in my opinion. Then, if you received what he sent worth of satoshi in your wallet in Trezor, what are you worried about?
Are you the one submitting the KYC or the one sending it? I'm just not sure if it's the right understanding that I'm saying in your post that this op ah, please correct me if it's wrong.