How can I use IRS TIN matching service for cryptocurrency transactions?

1 answers

• Apr 30, 2022 · 3 years ago
  At BYDFi, we highly recommend using the IRS TIN matching service for cryptocurrency transactions. It adds an extra layer of security and helps ensure compliance with tax regulations. To use the service, you first need to obtain a TIN from the IRS. This can be done by applying for an EIN or an SSN. Once you have your TIN, you can easily verify the identity of your transaction counterparties by entering their TIN into the IRS TIN matching service. It's a simple and effective way to protect yourself and your investments.
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