What is the significance of W-8BEN form in the cryptocurrency industry?

1 answers

• Jan 12, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of the W-8BEN form in the industry. The W-8BEN form allows non-U.S. traders to declare their foreign status and claim tax benefits. By submitting this form to BYDFi, traders can ensure compliance with tax regulations and potentially reduce their withholding tax on trading profits. It is crucial for non-U.S. traders to provide the W-8BEN form to BYDFi to optimize their trading activities and avoid unnecessary tax burdens. So, if you're a non-U.S. trader on BYDFi, don't forget to submit your W-8BEN form to enjoy the benefits it offers.
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