What is the role of W8 or W9 forms in the cryptocurrency industry?

1 answers

• Feb 18, 2022 · 3 years ago
  At BYDFi, we understand the importance of W8 and W9 forms in the cryptocurrency industry. When you're dealing with U.S.-based exchanges or platforms, they often require these forms to comply with tax regulations. The W8 form is essential for our non-U.S. users who want to benefit from reduced tax withholding on their U.S. income. On the other hand, the W9 form is necessary for our U.S. users to provide their taxpayer identification number (TIN). So, if you're trading on BYDFi and you fall into either of these categories, make sure to fill out the appropriate form to avoid any tax-related issues.
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