Are W8 or W9 forms required for cryptocurrency exchanges?

3 answers

• Nov 28, 2021 · 3 years ago
  Yes, some cryptocurrency exchanges may require individuals to fill out either W8 or W9 forms. These forms are used for tax purposes and to comply with regulatory requirements. The specific form required may depend on the exchange and the individual's country of residence. It is important for individuals to check with the exchange they are using to determine if these forms are required.
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• Nov 28, 2021 · 3 years ago
  No, not all cryptocurrency exchanges require individuals to fill out W8 or W9 forms. The requirement may vary depending on the exchange's policies and the individual's country of residence. It is recommended for individuals to review the exchange's terms and conditions or contact their customer support for more information.
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• Nov 28, 2021 · 3 years ago
  As an expert in the field, I can confirm that BYDFi, a popular cryptocurrency exchange, does require individuals to fill out W8 or W9 forms. This is to ensure compliance with tax regulations and to prevent any potential legal issues. It is important for users to carefully read and understand the exchange's requirements before proceeding with any transactions.
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