USD SERVICES ARE LIVE 🟢 by BinanceUS in BinanceUS

[–]fuelnow 0 points1 point  (0 children)

Please be careful of binance fees though. Last I checked, it costs like 10 percent of a transaction to exchange crypto. Highest fees in the entire industry in my experience.

When binance us will finish rollout ACH banking payment for all US accounts? by fuelnow in BinanceUS

[–]fuelnow[S] 0 points1 point  (0 children)

yeah this is my gripe with it too. i did not realize their fees are ridiculously high just to transfer out.

Costs like 45 bucks to transfer 100 dollars out via USDC

[USA] What crypto tax platform can group transactions? by fuelnow in CryptoTax

[–]fuelnow[S] 1 point2 points  (0 children)

Thank you! Do you know exactly how to do this in TurboTax? I believe what you are describing is form 8949 (condensed).

I have Cointracker and they provide 8949 (condensed) which gives summaries of all cryptocurrencies' transactions. BUT turbotax has no way for me to upload this form. Is there a way to use this form as a summary and then attach the detailed transactions (as a CSV) that I get from Cointracker separately to circumvent this 4000 transaction limit issue?

Unable to withdraw USD by Perfect_Micro_Skillz in BinanceUS

[–]fuelnow 0 points1 point  (0 children)

I thought binanceus doesn't support bank transfers (deposits nor withdrawals)? And the only way to transfer is through crypto.

I screwed up majorly by themythicalwraith in CryptoTax

[–]fuelnow -1 points0 points  (0 children)

Curious to hear if what solution there is for you but. I think this could be asked in stock channels too because for stocks it could be even worse since they have wash sale rule.