How can cryptocurrency traders determine if they need to submit a w 9 or w 8ben form?

3 answers

• Dec 25, 2021 · 3 years ago
  If you are a U.S. citizen or resident, you will need to submit a W-9 form. This form is used to provide your taxpayer identification number (TIN) to the cryptocurrency exchange. If you are a non-U.S. citizen or resident, you will need to submit a W-8BEN form. This form is used to certify that you are a foreign individual or entity and to claim any applicable tax treaty benefits.
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• Dec 25, 2021 · 3 years ago
  Determining whether you need to submit a W-9 or W-8BEN form depends on your tax residency status. If you are unsure about your tax residency, you should consult with a tax professional or refer to the IRS guidelines. It's important to comply with the tax regulations to avoid any potential penalties or legal issues.
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• Dec 25, 2021 · 3 years ago
  At BYDFi, we require our users to submit a W-8BEN form if they are non-U.S. citizens or residents. This is to ensure compliance with tax regulations and to provide accurate information to the relevant authorities. If you are a U.S. citizen or resident, you will need to submit a W-9 form. Please consult with a tax professional if you have any questions regarding your tax residency status or the required forms.
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