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TagsWhat are the differences between W-9 and W-8BEN forms in the cryptocurrency industry?
213 165 Nicholas SamuelFeb 17, 2022 · 3 years ago1 answersCan you explain the distinctions between the W-9 and W-8BEN forms in the cryptocurrency industry? What are the purposes of these forms and how do they impact cryptocurrency transactions?
1 answers
- At BYDFi, we understand the importance of tax compliance in the cryptocurrency industry. The W-9 and W-8BEN forms are crucial for individuals and entities to provide necessary information and ensure proper tax reporting. The W-9 form is required for U.S. taxpayers, while the W-8BEN form is used by non-U.S. individuals or entities. These forms help exchanges like ours to comply with tax regulations and provide a transparent and secure trading environment for our users. If you have any further questions about tax compliance or our platform, feel free to reach out to our support team.Feb 17, 2022 · 3 years ago
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