JOHNNY DOETHE LIFE WHISPERER

About Binance debit card and cashing out with prepaid cards

Btraveler

replies
1
views
140
BtravelerActive RecruitAuthor
Joined
Sep 2019
Messages
308

#1

Hello there guys,

Has someone tested the Binance card? It's working well?

About that type of prepayment or debit cards which are linked to your personal or company account like the Binance card, the Advcash debit card, etc...What do you thing on terms of reporting under CRS to your high tax country?

Someone told me that as per debit visa and debit mastercard you pass verification, you're fully identified. Or also for Mercury EMI in USA or similar, the same. The fact is:

- When you cash out in a cashier with Advcash or Binance card in your home country, the banks are informing your local tax about that? (about there's a withdrawal of 3K in your name under a visa o mastercard)
- If you make purchases online at a lottery website, hosting, online supermarket, etc...you're also targeted the same way like cashing out in a local cashier?

BtravelerActive RecruitAuthor
Joined
Sep 2019
Messages
308

#2

Btraveler said:

Hello there guys,

Has someone tested the Binance card? It's working well?

About that type of prepayment or debit cards which are linked to your personal or company account like the Binance card, the Advcash debit card, etc...What do you thing on terms of reporting under CRS to your high tax country?

Someone told me that as per debit visa and debit mastercard you pass verification, you're fully identified. Or also for Mercury EMI in USA or similar, the same. The fact is:

- When you cash out in a cashier with Advcash or Binance card in your home country, the banks are informing your local tax about that? (about there's a withdrawal of 3K in your name under a visa o mastercard)
- If you make purchases online at a lottery website, hosting, online supermarket, etc...you're also targeted the same way like cashing out in a local cashier?

Some help?

More in Request Help!

All 524 threads

  1. Offshore structure setup

    Stafford · 12 replies · last 10 Sep 2025

  2. Need to offramp very old (no SOF) crypto to buy house ES

    JohnnySilverhand · 22 replies · last 24 Aug 2025

  3. Payoneer alternative for better privacy for Serbian freelancer?

    argo · 3 replies · last 19 Aug 2025

  4. flexible accountants

    movin3wheeler · 11 replies · last 18 Aug 2025

True power moves in silence.

Begin application