Would you describe what type of business (and the scale of business) it's for and is this taxable?
I'm curious but not enough to pay 20 just to find out it is totally useless for me. I'm not sure what the purpose of directly cashing out to crypto would be other than to make taxation easy and straightforward, just report your crypto earnings and you're done, right. HOWEVER, is this one of those methods where I'm supposed to give a huge 15-20 % cut to someone for their cryptos? Because in that case, if I want to pay taxes that's another 20 for taxes on top of it. Plus stealth paypals yes? So clearly wouldn't be able to report business expenses either... make that 5-10%. So 40-45% loss or more with this method? But if someone wanna risk it, there are better ways to cash out than crypto - at no cost. But I guess it might be a viable loss for huge business if they want to get their taxes straight? With this method? For some of us smaller fries it would be a huge loss so that's why I'm curious and asked what business it's best aimed for and for what purpose. (Unless that's some mastery of cashing out almost 1:1 then I'm sold immediately)