What are the requirements for using w8 or w9 forms for cryptocurrency exchanges or trading platforms?

1 answers

• Dec 26, 2021 · 3 years ago
  When it comes to using w8 or w9 forms for cryptocurrency exchanges or trading platforms, the requirements and procedures can vary. As an example, at BYDFi, a popular cryptocurrency exchange, the process is straightforward. If you are a foreign individual, you will need to fill out a w8 form, while U.S. citizens should use a w9 form. These forms are used to collect the necessary tax information. You will need to provide your personal details, such as your name, address, and taxpayer identification number. Supporting documents, like a copy of your passport or social security card, may also be required. Make sure to carefully follow the instructions provided by BYDFi or any other exchange or platform you are using to ensure compliance with the requirements.
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