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I have been using CoinJar for about five years now and I’ve just received an email asking me to explain a transaction
Has anyone else had this before?
Has anyone else had this before?
In this day and age of crypto regulation, I can't fathom why people are still sending from exchanges to vendors.
The exchanges can freeze your funds if you're using them for illegal purposes. The terms of using the exchange clearly state this.
Use the exchange to purchase crypto if you want the better rates due to it being identity required. Then send to your own off exchange wallet. Electrum is one that comes to mind.
Alternatively you can use exodus which allows you to purchase crypto through the app without the identity requirements but you will pay a premium for it compared to the exchanges.
The exchanges can freeze your funds if you're using them for illegal purposes. The terms of using the exchange clearly state this.
Use the exchange to purchase crypto if you want the better rates due to it being identity required. Then send to your own off exchange wallet. Electrum is one that comes to mind.
Alternatively you can use exodus which allows you to purchase crypto through the app without the identity requirements but you will pay a premium for it compared to the exchanges.
Agreed, there just isn't a good reason to not be using your own wallet nowadays. They're cheap now and essentially make you anonymous for anything we'll be doing with them. Don't care what anyone says but the banks and Aus based crypto services will roll to state police or AFP if they have to. For the sake of buying a $100 Trezor and paying an extra $3 transfer fee you'd be silly not have that peace of mind.
It's crazy that crypto is being regulated by exchanges.
Bitcoin was created to be used as an anonymous currency, it shouldn't be anyone's buisness what you do with it.
I would just say that the transaction is none of their business as per the nature of why crypto was created.
Any further explanation required, just say that you are buying and trading crypto because it's something you're interested in.
Never admit to any wrongdoing.
Bitcoin was created to be used as an anonymous currency, it shouldn't be anyone's buisness what you do with it.
I would just say that the transaction is none of their business as per the nature of why crypto was created.
Any further explanation required, just say that you are buying and trading crypto because it's something you're interested in.
Never admit to any wrongdoing.
I had a massive fight with Swyftx in the start of me buying from vendors here, they refused to release my funds without an explanation to what I was trying to do, fuck exchanges and fuck the government.
I did that once man, they pushed me as to who I was sending too and why, I said none of their business and they suspended my account so I couldn't send anything to anyone, only buy/hold/sell.
johnsmith007
Newbie Brother
So what’s the safest way/process then? Which apps?
This. I use exodus to receive payment and then move that to coinbase etc. Most, inc CB, are now under the federal fiscal authority for whatever country you live in. So when CB says 'did this money come from a wallet you own' I can say yes and it's true. It's the whole money laundering thing.
Does receiving funds count as a taxable event? Or can you withdraw that from you CB account to you bank account without any issues?
Tell them it was for pictures of their mum and to eat a dick
Technically I'm under the taxable thresh-hold (just) and am UK based so don't have to the US tax return type thing. If it ver came to it I have enough funds to pay said bill (in savings - hence not needing to earn loads). That said 1x a year CB asks me to complete some blurb regarding my likely amount of crypto transactions. I assume they can, if asked to, declare my transactions to the Inland Revenue. I also sell what ever asap and move it to my paypal (same regs as CB no doubt) and then only put in my bank enough on top of a pension to pay my usual monthlies inc food.
For most here it's NOT 'earnings' (labs yes buyers no) it's needing crypto to buy stuff (PEDs). Most of my PP purchases are non-essentials
Ahh if only it worked lol.
Feds will always catch up and users of crypto will always look for an alternative
Mate thanks for the kraken tip ,Coinjar has just fucked me.
Do i need both the Kraken apps , KrackenWallet and Krackan.To do it correctly?
Cheers
Yeah mate both apps, deposit and trade and kraken then once you’ve got btc you then transfer to your kraken wallet which you go into and hit receive and it’ll generate a wallet address for you which you enter into kraken
This is the best way atm,i think everyone is seeing the big picture now...They will try anything to monitor us.Lucky they cant prove where or what the transfer is for.All you say is your puttingthe transfer in your "cold storage" Ledger.
nosey bastards is what they are. What do they think crypto is used for? only investing? bullshit most usage is for black market and that is what it was intended for.
Mate on average how much in fees are you paying per order?
