Hi im from Denmark on a Whv 417, and im wondering if i need to change my Binance, Coinbase and Trustwallet to Australian?
is there any benefit? From what i can read with chatgpt Denmark is less stricter for lets say a 10k usd withdrawal, where as Australia has a self reporting, so that when someone gets to that level it gets flagged?
Sorry that might be incorrect – came from chatgpt. but is there any reason to switch? as far as i am concerned i dont need to switch as i will still only be taxed after Australian taxes even though my account location is Danish?
so yeha any benefits or something im missing?
Should i change the country of my wallets?
byu/Ancient-Candy-1573 inBitcoin
Posted by Ancient-Candy-1573
3 Comments
no real benefit, exchanges care more about where you live than the country set on the account.
Don’t store your bitcoin on exchanges. Store it on the blockchain, which has no country.
Not your keys, not your bitcoin.
When you decide to sell some, choose the safest exchange at that time, and don’t do it all at once.
Tax is only based on residency (except US citizens* can be taxed anywhere).
. * ok, and Eritrean (2%), and Myanmar recently added …
changing your tax residence without proper relocation is tax fraud by all standards, consult a tax professional, not ChatGPT please