Best exchange for selling crypto and receive fast and free US ACH transfers?

shiv durga · Jul 9, 2022

Hello guys,
I am looking for a crypto exchange where I can receive crypto and sell it and receive fast and free(or cheap) ACH transfers to my US account. I am looking for a Business exchange account for my US LLC. Please friends all suggestions will be deeply appreciated. Thanks.

indianmojojojo · Jul 9, 2022

Also following this thread.

I also want to know the taxes during the exchange to fiat

shiv durga · Jul 9, 2022

indianmojojojo said:
Also following this thread.

I also want to know the taxes during the exchange to fiat

Taxes?

indianmojojojo · Jul 9, 2022

Yes when you exchange crypto. I believe there is a tax.

shiv durga said:
Taxes?

rasbsal · Jul 9, 2022

Fees are over the roof and especially with Binance I tried purchasing 600$ USDT and they charge around 36-40$ in fees in total, I'm also looking for a place to exchange with good fees!

Whitehatdoe · Jul 9, 2022

shiv durga said:
Taxes?

There is a tax anytime you convert from crypto to fiat, even if you make 1$ with that transaction, it's a net capital gain and a taxable event. Be careful with usa crypto transactions

shiv durga · Jul 10, 2022

Whitehatdoe said:
There is a tax anytime you convert from crypto to fiat, even if you make 1$ with that transaction, it's a net capital gain and a taxable event. Be careful with usa crypto transactions

Okay, so its better to get a crypto payment gateway to receive payments and get money by payout.
no taxes then and safer.

profusioncompany · Jul 10, 2022

I use binance always for p2p, they offer the best rates here in my country

indianmojojojo · Jul 10, 2022

shiv durga said:
Okay, so its better to get a crypto payment gateway to receive payments and get money by payout.
no taxes then and safer.

keep crypto on a hardware wallet and then use this to buy services or HODL (DCA) (investment).

The taxes and regulations are not worth cashing out right now

Whitehatdoe · Jul 10, 2022

shiv durga said:
Okay, so its better to get a crypto payment gateway to receive payments and get money by payout.
no taxes then and safer.

Yup. The American tax system is overwhelming. When I'm browsing with a usa ip though I get targeted ads many times of services offering me crypto taxing services. You can get in contact with a cpa or an accounting firm and they'd do everything for you, won't be cheap though.

Best exchange for selling crypto and receive fast and free US ACH transfers?

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