DreamBliss
Posts: 5
Joined: Fri Dec 29, 2017 8:00 am

Making the IRS's job as hard as possible... Bitstamp or Coinbase?

Fri Dec 29, 2017 8:28 am

I am a US citizen and I have just got started in Bitcoin and Cryptocurrency. I have set up a Coinbase account, but then found out that the IRS is getting records from them. Now I am not currently earning enough to even on their radar. But eventually I may be making more than $20,000. As far as I am concerned, whatever the law may say, the IRS doesn't deserve any piece of the pie from me. So I want to do everything I can to make it as cost prohibitive and difficult as possible for them to go after me. I am thinking of joining Bitstamp as it is outside IRS jurisdiction. But is there an even better alternative to Coinbase and Bitstamp, outside of p2p transfers like wallofcoins and localcoins? Also, as a US citizen, how has your experience been with Bitstamp?

Appreciate your help!
"If your heart isn't in it, the rest of you shouldn't be either."
- Mark Wey

https://blisswriter.wordpress.com/

DreamBliss
Posts: 5
Joined: Fri Dec 29, 2017 8:00 am

Re: Making the IRS's job as hard as possible... Bitstamp or Coinbase?

Mon Jan 01, 2018 10:59 am

OK, so Bitstamp, from hereon referred to as Butstamp, requires me to:
1. Identify myself as a US citizen.
2. Provide my social security number.
AND
3. Provide high quality photos of ID documents.

So the IRS, through that other organization I can't be bothered to remember the name of, would have everything they need to track me down. That means Butstamp is a no-go. So I need an alternative to Butstamp and Coinbase. Suggestions?
"If your heart isn't in it, the rest of you shouldn't be either."
- Mark Wey

https://blisswriter.wordpress.com/

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