Important note: Don't use the address on the back of the ID. The RNS ID people said they'll charge you for it if you do. So might need to just skip exchanges that require an address for now. twitter.com/RNS_global/status/1684743414288699392?s=20
@@some1intheworld great reply, its the first video I watch from this dude since I found the twitter thread, he doesnt need to care about me to reply here or provide the info.
I wouldn't say they don't want US residents on their platform. Because they most likely definitely do they just don't want to deal with our shady corrupted overbearing government going after them. Appreciate this video and the shared info 👍
@@FullValueDan Not investment advice or anything but I hear ppl lose their keys on boat accidents...What are they really doing with it?? Using some mixer in some 3rd world country or something???
@FullValueDan I probably have about $200 in kucoin. About $175 in KDA. I want to withdraw it all out and put it in coinbase. Coinbase doesn't exchange KDA. Any suggestions? Or do I just have to let it go and forget the $200ish dollars?
I'm sure her service is available outside the US, but you gotta ask her first. I'm positive because I have a friend who stays in Australia and using her services too. You should ask her though to know if she offers her service to your country.
Pardon, but could you help me out here? I’ve stored USDT TRX20 in my OKX wallet with the recovery phrase (clean party soccer advance audit clean evil finish tonight involve whip action). Could you tell me how to transfer it to Binance?
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to Steph . I've achieved over 80% capital growth this year, excluding dividends
One other thing that a Palau residence ID might be useful for is obtaining an account with a money-transfer service.... especially one that normally doesn't accept US residents. Similarly, one might be able to get a crypto debit card with a company that doesn’t accept US residents (of course, one would then have to spend one's money outside the US)
Great stuff, but one question... Once you have your Palau ID and get KYC'ed on Bybit, do you need to access Bybit with a VPN from that moment on? ( I assume that Bybit can see from my IP address where I live, so if they see if I still live in the USA, won't they deny me access to the site ??)
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Oscar). Glory to God.shalom..
If I have a valid U.S drivers license but not a valid U.S passport can I still get approved? Is the dystopian 1984 no privacy "selfie" mandatory to get this ID? Thanks
SCAM!! Didn't work for me and I'm out $248. Passed the screening and and went to government screening, then they put me back to screening and left me there indefinitely. They wont tell me why and of course there's no refund option.
In the application the part where it says I'M A RESIDENT OR LIVE IN and you are to choose US or OTHER how do you approach this if you live in the US? No one seems to address this part on RUclips I hope you dont mind!
Have you tried to go through a KYC process at Coinbase using a Palau DID? It is my understanding gains made "offshore" under a Palau DID remain subject to US taxes as regular income but not as capital gains.
Have you ever looked into moving out of the U.S. (a territorial corporation based in Washington DC) and moving back to the USA, a country of individual states established under a constitution?
Thanks Dan, great video! Just curious, does the Digital Residency equate to an actual Temporary or Permanent Residency Status - as far as having the right to live in Palau - or no ?
What about tax information when the exchange sends you your w-2 to file your taxes are the exchanges going too send it too your po box in palua and if so how will you receive your important tax documents to pay taxes and then how do you explain that to the irs that you have to pay taxes from trading illegally basically? Or does the irs not care as long as they get they money?
@@truecrime98Palaou doesn't, but the US does tax all income of it's citizens --even overseas income now, so unless you renounce your us citizenship you are stil legally required to pay tax on all income.
@@smoofan9423that might be true.... BUT.... it's possible to purchase a dedicated IP address; I think that the exchanges won't be able to detect that.
I just have to applaud your content man, well done. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Veronica Hoy, it will add to your success in the crypto market.
Thanks for the video! For Binance, did you try using your passport with the Palau address? From what I understand, based on my numerous exploratory discussions with them, it doesn't matter what country your ID is from, but instead that you prove you have a residency in the country that they are legally allowed to operate. So if you had a vacation property in El Salvador and could prove its your other residency, then they'd allow you to trade.
Hmmm, looks like the physical mailing address is charged annually and is based on the calendar year Jan to Dec. Not sure if they would pro-rate it, given that it's now October. Also, not clear whether the first year's subscription for the physical mailing address is included in the initial $248?@@FullValueDan
In your video, you mentioned using the address on the ID card, didn't you? That's Palau's government offices address, so will not satisfy for Binance's proof of residency requirement. You need to pay an additional annual fee for a mailing address, as well as maintain at least $35USD in a "mail forwarding" account. The $35 is maintained in the event they need to forward mail to you. It's just a legal formality, as there is no reason any mail will be sent there. @@FullValueDan
My US Passport expired and will process the renewal as of this coming Monday here in the US (EST) can you use say just a drivers license for now or even process the Palau application while waiting on your passport to renew? Thanks for this video, have been sitting on the fence and you video has convinced me to move forward, thanks!
Yup, it looks like a license should work: docs.rns.id/support/faqs Applicants can use official government documents like ID-card, passports, driving licenses, and Resident permits. ID must be valid for at least one month after the present date.
Thank you for making this. I subscribed and am going to watch the rest of your content. I got past the BitGet KYC by having a good fiend who lives in a country that is KYC accepted and I run the account.
You're doing a fantastic job! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Hey Dan, how long did it take for you to verify KYC on Kucoin? Also if you're in US do you still have to use a VPN along with the RNS ID? you're feedback is greatly appricieated!
You're doing a fantastic job! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
The only part that I hate doing is every single time we show our ID online it’s getting captured and stored some where and we are just hoping that server won’t get hacked and our ID INFO is not sold somewhere. Worst case scenario would be our stolen ID is used in a illegal activity and the authorities come knocking at our door in a mistakenID BUT thanks I thought this was cool and look into it. Any other countries have a Digital Id Program? Interesting note Palau used US dollar as official currency and it was working with Ripple to test a digital currency.
@@FullValueDan agreed I meant that problem exists for everyone not specifically Palau. But how does Palau benefit from the GLOBAL DIGITAL ID exactly? Do you think is it a controlled test before global roll out to the masses or maybe UNITED STATES
Great video. Quick question. What’s your daily withdrawal limit from KuCoin. Cause I can withdraw 25k using a vpn already. Is the limit a lot higher with I’d?
It might still be better to just use one of the crypto exchanges that don't require KYC. At any moment, the US government could go to Palau and demand a list of Palau residents that are actually US citizens; the US government could then go to the exchanges and demand a list of all the Palau residents. Congress recently amended section 6050i of the tax code, so that transactions of $10,000 or more have to be reported within 15 days.
@cryptocoin5318 right now, the aggregate market cap of the cryptocurrencies is about 7% of US GDP. what happens when the aggregate market cap becomes 20% of US GDP... or 50%...? At some point, the US government could become coercive. The US government (previously) passed the FATCA law, which is very coercive. At some point, US politicians may decide to lash out against holders of crypto, and businesses that facilitate crypto transactions.
@@cryptocoin5318Exactly lol. Not to mention that by filing your taxes, you are placing the burden of proof on yourself. But if you don't file, then the IRS has to prove everything 😂
This was a good video; a lot of concrete information. BUT... one thing I wonder about is: do any of the crypto exchanges send tax documents to the customer's "country of residence"...? If a Palau resident gets an account on, say, Kraken, will Kraken send tax documents to the government of Palau.... and if so, what will the government of Palau do with those documents?
These countries are taking advantage of charging for digital citizenship. Just like Wyoming does for incorporation in the U.S. Wyoming has some of the best secrecy laws pertaining to businesses. This is their business plan. So I doubt Palau does not know their customer base and would voluntarily offer information about their digital citizens. It would be detrimental to what the services that they are offering.
Dan, Thanks for the info! Very helpful! Have you tried to attach a US Bank account to any of the exchanges after KYC in order to onramp and offramp fiat? Thanks!
Need to on ramp a different way I'd say. Use a us exchange to onramp then send to wallet then send over to exchange you want to use. There are other more private ways to do this but that's a whole different task
One thing that MIGHT work... for a US citizen... would be to get a bank account outside of the US. It is POSSIBLE to do that much; once in possession of the bank account, MAYBE it could be linked to the crypto account that was created with the Palau ID. (I haven't tried this, however).
Hello Thanks for sharing video have ? I have took several pic they advised me That pic did not Meet expectations where did you go to exactly take pic how they wanted it
Im tryong to get TON coin. I managed to get the wallet qith a VPN to change the IP address, when I tried to load it with US dollar and my visa card I was stopped. Advice needed
Thanks for sharing such valuable information! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
TYDan, appreciate the info. Won’t creating an exchange acct using a US ISP influence the approval, vpn doesn’t seem to always hide the ISP. Wondering if it would be worth traveling to another country to create acct and buy.
Not really worth it unless you just wanted to travel anyway. Seems like some of the exchanges aren't that strict with VPNs and you might have better luck just buying an IP address in another country (some services provide that) or using a Deeper Network VPN (I have a few videos on their products).
Important note: Don't use the address on the back of the ID. The RNS ID people said they'll charge you for it if you do. So might need to just skip exchanges that require an address for now.
twitter.com/RNS_global/status/1684743414288699392?s=20
what does it mean?
Can you list the exchanges that required an address so we can avoid?
@@some1intheworld great reply, its the first video I watch from this dude since I found the twitter thread, he doesnt need to care about me to reply here or provide the info.
wym charge u? charge u like money or like criminal charges?
@@megaunknown400 I think charge a fee for using the address and their charges to forward mail,, I think??
I wouldn't say they don't want US residents on their platform. Because they most likely definitely do they just don't want to deal with our shady corrupted overbearing government going after them. Appreciate this video and the shared info 👍
Who is “they”?
If the US government cant tax you they don’t want you. Plain and simple!! Corruption and greed.
Overbearing gov is right.
Facts
they is the land of the free@@smoofan9423
Invaluable content that no one else covers. Amazing, thank you!
Agree!!
Thanks! Providing value where I can!
@@FullValueDan Not investment advice or anything but I hear ppl lose their keys on boat accidents...What are they really doing with it?? Using some mixer in some 3rd world country or something???
@FullValueDan I probably have about $200 in kucoin. About $175 in KDA. I want to withdraw it all out and put it in coinbase. Coinbase doesn't exchange KDA. Any suggestions? Or do I just have to let it go and forget the $200ish dollars?
I live in The Netherlands. Will I be able to get a Palau residence?
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
I know this lady you just mentioned. She's really good with and on her job. She's helped a couple of families and individuals' finances
She is really a good investment advisor.
I was privileged to attend some of her seminars, that's how I started my crypto investment
I have heard a lot of wonderful things about Sonia Duke on the news but didn't believe it until now. I'm definitely trying her out
This sounds so good andI would like to
be a party to this, is there any wayl can
speak with her?
I'm sure her service is available outside
the US, but you gotta ask her first. I'm
positive because I have a friend who
stays in Australia and using her
services too. You should ask her though
to know if she offers her service to your
country.
Yes you still need a VPN to show you are connecting outside eof the USA to the CEX or Centralized Exchange
@@VMasullo13😂😂
Well it will still not work seeing they all ask for a utility bill so what is the point??
@@bobbybanks77 with which Crypto Exchange are you using Mexc
@@bobbybanks77 Why not create one in photoshop?
@bobbybanks7493 lol who's asking for utility bill😂😂
Thank you,. very helpful, informative, great editing, thanks for no extra noise and music, and straight to the point. Very good video.
I love how happy he is. Smiles for days. Keep winning bro.
Pardon, but could you help me out here? I’ve stored USDT TRX20 in my OKX wallet with the recovery phrase (clean party soccer advance audit clean evil finish tonight involve whip action). Could you tell me how to transfer it to Binance?
What’s the best strategy to enter crypto investing now for someone with more or less than $1000?
You need a pro or very goodTrader. Someone like Stephany Reuben
Almost gave up due to constant losses, but Steph turned my luck around
went from 10k to 68k with Steph
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to Steph . I've achieved over 80% capital growth this year, excluding dividends
True, she is a pro at navigating the market
Great video man. Lots of other RUclipsrs were only making videos about using a private VPN, but this is the extra hurdle all new users face.
what an absolute banger bro this is crazy
Full-Value-Generous-n-Genuine-Dan always bringing something valuable to the community...appreciate you 🙏
This is GOLD. Thank you
You are an asset in this space. Thank you so much for everything you do!
Thanks for this! I’ve seen you on here a few times and you’re such a likeable, genuine dude!
Thanks, I appreciate that!
This was great Dan, thank you! Nice to see you again and even hear a little of your back story.
Thanks! Working on creating more content...just slowly
One other thing that a Palau residence ID might be useful for is obtaining an account with a money-transfer service.... especially one that normally doesn't accept US residents. Similarly, one might be able to get a crypto debit card with a company that doesn’t accept US residents (of course, one would then have to spend one's money outside the US)
Awesome! Thanks for this valuable info!
I had any research on it when you said it on your last video and now I'm glad it went through now I'm going to order it thank you full Value Dan
You're welcome!
What is the best strategy to enter crypto trading now for someone with more or less than $3000
You need a pro or very goodTrader. Someone like Jared Brian Watkins
Jared excels at capitalizing on economic shifts and I have confidence in his trades
Almost gave up trading due to constant losses, but Jared turned my luck around
Now they yield about $13000 monthly
How can I consult him
Awesome video! LOVE that you show which exchanges the ID worked for! Waiting for my ID!
How did it go?
@@user-fk8tr5ev8q Got my ID a while back. Only a couple brokers appear to accept the Palau ID....some are no longer accepting it.
Yeah, update please
Any luck with this?
Bump
Great stuff, but one question... Once you have your Palau ID and get KYC'ed on Bybit, do you need to access Bybit with a VPN from that moment on? ( I assume that Bybit can see from my IP address where I live, so if they see if I still live in the USA, won't they deny me access to the site ??)
You could be traveling. It’s not like you need to stay in the country of the ID. People travel, right? 😂
I was heard you have to access through your vpn every time your own the site. And not to forget or they will flag you.
Need to use VPN for ByBit because they block logins from USA IP Addresses.
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Oscar). Glory to God.shalom..
I used to scuba dive in Palau
If I have a valid U.S drivers license but not a valid U.S passport can I still get approved?
Is the dystopian 1984 no privacy "selfie" mandatory to get this ID?
Thanks
SCAM!! Didn't work for me and I'm out $248. Passed the screening and and went to government screening, then they put me back to screening and left me there indefinitely. They wont tell me why and of course there's no refund option.
Thanks for sharing …. Your awesome … appreciate all your content !!
My pleasure!
In the application the part where it says I'M A RESIDENT OR LIVE IN and you are to choose US or OTHER how do you approach this if you live in the US? No one seems to address this part on RUclips I hope you dont mind!
did bitnet, bywit, kucoin asked you for the address you used of consulate ? the physical mailing address?
Can you use Palau ID to KYC on Kucoin with an existing account or will you need to create a new account?
Have you tried to go through a KYC process at Coinbase using a Palau DID? It is my understanding gains made "offshore" under a Palau DID remain subject to US taxes as regular income but not as capital gains.
I gotta get out of the US before my "subscription" expires and the IRS sends me another bill.
What kind of bill, why IRS sending that's strange?
Have you ever looked into moving out of the U.S. (a territorial corporation based in Washington DC) and moving back to the USA, a country of individual states established under a constitution?
@dustinabc ...Do you have a reference or a guide on how to do that? Thanks!
@@dustinabc
How?
no but could you point us in a direction to please@@dustinabc
Why is the voyager pass better than the ID?
When registering for kyc what address do we use if you can’t use the one from Palau???
googlemap an address in palau and use that lol
For Kucoin are you using a VPN to change your location? Thank you for this video!
Thank you for the video. You still have to have a dedicated IP address from Palau don’t you?
Wow, aha, this guy is awesome. The first vid of his i've seen and he instangly became one of my fave crypto youtubers!!!
Aren’t those exchanges asking for a document, e.g. heating bill or anything else related to your physical presence in Palau??
No
Literally the best thumbnail ever
very helpful video once KYC approved on let’s say KuCoin, do I still have to use a VPN out of the Canada or i don't need VPN.
Yes you will still need a vpn.
Is a passport a must? Home country official ID is not enough?
Great video man. Like always!
Thanks Dan, great video! Just curious, does the Digital Residency equate to an actual Temporary or Permanent Residency Status - as far as having the right to live in Palau - or no ?
You can actually stay in Palau for the duration of your digital residency. It's to promote tourism too from digital nomads.
Thanks !
Also, even without a digital ID, you can visit and stay in Palau for up to 365 days straight.
If you dont have a passport..only u.s. i.d. does that work..for palau i.d.
Very interesting. Thanks for the great content!! The photoshopped suit had me lmao
What about tax information when the exchange sends you your w-2 to file your taxes are the exchanges going too send it too your po box in palua and if so how will you receive your important tax documents to pay taxes and then how do you explain that to the irs that you have to pay taxes from trading illegally basically? Or does the irs not care as long as they get they money?
Give the IRS their money. 😊
@@raresouls9897 i was thinking the same they don't care as long as you pay your taxes right?
He said they don’t tax their citizens
@@truecrime98Palaou doesn't, but the US does tax all income of it's citizens --even overseas income now, so unless you renounce your us citizenship you are stil legally required to pay tax on all income.
How is this working now a year later? Are these exchanges still allowing this Palau resident card?
PLEASE ANSWER: Would you need a VPN showing you are in Palau? Kucoin specifically if that matters.
I think once your verified your good to go anywhere in the world as long as your ip isn’t from the US.
@@STAyTHIrstyMyFREind Well I'm in the US. What's your source?
@@investing1223 they are not looking where you should be. they are screening for banned regions.
ID is easy. How do you prove residency?
Does this change how to report gains/losses for taxes in the US?
Do you still need VPN to access international crypto after you have KYC approved
Yes it shows your not lying about your whereabouts
@@MrSilesrafaelbut some exchanges lock u out simply because they detect u use a vpn.
@@smoofan9423that might be true.... BUT.... it's possible to purchase a dedicated IP address; I think that the exchanges won't be able to detect that.
how about Uphold?
did you try for that exchange?
I have dual residency El Salvador and USA. Can I use my ID from ESA instead of US even though I live in the US to bypass this? Asking for BitMart
Hey Dan, do you know if this still works?
I just have to applaud your content man, well done. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Veronica Hoy, it will add to your success in the crypto market.
I'm surprised that this name is being mentioned here, I stumbled upon one of Veronica Hoy clients testimonies on CNBC news last week
Veronica Hoy strategy has normalised winning trades for me also and it's a huge milestone for me looking back to how it all started
Really you people know Veronica Hoy? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
I'm new at this, please how can I reach or connect?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Can you use a photo id instead of passport
Thanks for the video! For Binance, did you try using your passport with the Palau address? From what I understand, based on my numerous exploratory discussions with them, it doesn't matter what country your ID is from, but instead that you prove you have a residency in the country that they are legally allowed to operate. So if you had a vacation property in El Salvador and could prove its your other residency, then they'd allow you to trade.
I did, Binance rejected the application pretty quickly. It could have been through automation since it was clearly not a passport.
Hmmm, looks like the physical mailing address is charged annually and is based on the calendar year Jan to Dec. Not sure if they would pro-rate it, given that it's now October. Also, not clear whether the first year's subscription for the physical mailing address is included in the initial $248?@@FullValueDan
Not the question he asked. I'd be interested to try that, Luke
KYC stopped me from being rich on Binance. Some years ago
In your video, you mentioned using the address on the ID card, didn't you? That's Palau's government offices address, so will not satisfy for Binance's proof of residency requirement. You need to pay an additional annual fee for a mailing address, as well as maintain at least $35USD in a "mail forwarding" account. The $35 is maintained in the event they need to forward mail to you. It's just a legal formality, as there is no reason any mail will be sent there. @@FullValueDan
My US Passport expired and will process the renewal as of this coming Monday here in the US (EST) can you use say just a drivers license for now or even process the Palau application while waiting on your passport to renew? Thanks for this video, have been sitting on the fence and you video has convinced me to move forward, thanks!
Yup, it looks like a license should work: docs.rns.id/support/faqs
Applicants can use official government documents like ID-card, passports, driving licenses, and Resident permits. ID must be valid for at least one month after the present date.
Thanks so much!
How did this work out for you? My passport is expired.
@fullvaluedan Does this work for launchpads?
Excellent content! I appreciate it.
what address to use for us citizens now?
Rns tweeted to NOT use the address on the back of the card
LOL now we know. I added a note to the video. Thanks!
Love your videos. I have been following you for several years.❤
Thank you for making this. I subscribed and am going to watch the rest of your content.
I got past the BitGet KYC by having a good fiend who lives in a country that is KYC accepted and I run the account.
are you a good friend? are you creating a tax burden for him?
@@organic723 They do not pay Crypto tax.
You're doing a fantastic job! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Hey Dan, how long did it take for you to verify KYC on Kucoin? Also if you're in US do you still have to use a VPN along with the RNS ID? you're feedback is greatly appricieated!
Kucoin was almost instant. I'm not sure if Kucoin's IP restricted in the US, but I think you already know the way around that.
@@FullValueDan Yes, Kucoin does use your IP addy to determine country of residence.
Guys i want to know if some one used this digital id in US and how did u cahsed out ur money from Kucoin?
@@chucklaizure1442so u also need to use a vpn?
I'm wondering as well, I'm concerned they will ask for proof of funds when trying to withdraw
You're doing a fantastic job! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
The only part that I hate doing is every single time we show our ID online it’s getting captured and stored some where and we are just hoping that server won’t get hacked and our ID INFO is not sold somewhere.
Worst case scenario would be our stolen ID is used in a illegal activity and the authorities come knocking at our door in a mistakenID
BUT thanks I thought this was cool and look into it. Any other countries have a Digital Id Program?
Interesting note Palau used US dollar as official currency and it was working with Ripple to test a digital currency.
That's really a problem everywhere, even with banks
@@FullValueDan agreed I meant that problem exists for everyone not specifically Palau.
But how does Palau benefit from the GLOBAL DIGITAL ID exactly?
Do you think is it a controlled test before global roll out to the masses or maybe UNITED STATES
Awesome info. Such a headache to deal with. May have said it but will need a VPN for alot of these also. Fyi.
Great video. Quick question. What’s your daily withdrawal limit from KuCoin. Cause I can withdraw 25k using a vpn already. Is the limit a lot higher with I’d?
It might still be better to just use one of the crypto exchanges that don't require KYC. At any moment, the US government could go to Palau and demand a list of Palau residents that are actually US citizens; the US government could then go to the exchanges and demand a list of all the Palau residents.
Congress recently amended section 6050i of the tax code, so that transactions of $10,000 or more have to be reported within 15 days.
NO ONE IS GOING TO REPORT A DARN THING LOL
@cryptocoin5318 right now, the aggregate market cap of the cryptocurrencies is about 7% of US GDP. what happens when the aggregate market cap becomes 20% of US GDP... or 50%...? At some point, the US government could become coercive. The US government (previously) passed the FATCA law, which is very coercive. At some point, US politicians may decide to lash out against holders of crypto, and businesses that facilitate crypto transactions.
@@dlukton DOES THAT WORK ON Russia soil?
@@cryptocoin5318Exactly lol. Not to mention that by filing your taxes, you are placing the burden of proof on yourself. But if you don't file, then the IRS has to prove everything 😂
Which exchanges would those be?
Can anyone answer my question please 🙏🏾 What if i dont have a passport, can i still apply for Palau digital residency?
Super valuable. Thank you !
Glad it was helpful!
Very interesting! Thank you so much. Knowledge is power. Subscribing now.
Finally!! Thanks brother. Much appreciated i can finally make that $$ again
Do you have to use a vpn to Palau before while filling out info for each exchange?
This was a good video; a lot of concrete information. BUT... one thing I wonder about is: do any of the crypto exchanges send tax documents to the customer's "country of residence"...? If a Palau resident gets an account on, say, Kraken, will Kraken send tax documents to the government of Palau.... and if so, what will the government of Palau do with those documents?
Probably send em to the embassy lol
These countries are taking advantage of charging for digital citizenship. Just like Wyoming does for incorporation in the U.S. Wyoming has some of the best secrecy laws pertaining to businesses. This is their business plan. So I doubt Palau does not know their customer base and would voluntarily offer information about their digital citizens. It would be detrimental to what the services that they are offering.
How do you pay taxes then ? for ex, you stake on kraken. how do your declare those earnings?
Do these IDs work for Stake crypto gambling site?
With that palau ID, can you enter Palau without having visa?
i think you would still need a visa ... but your Palau ID would allow you a longer stay
Very nice everything but you don’t mention how to fund the exchange having a US bank account.
Just buy whatever coin you want on a US exchange and send it to the other Exchange.
Dan, Thanks for the info! Very helpful! Have you tried to attach a US Bank account to any of the exchanges after KYC in order to onramp and offramp fiat? Thanks!
Need to on ramp a different way I'd say. Use a us exchange to onramp then send to wallet then send over to exchange you want to use. There are other more private ways to do this but that's a whole different task
One thing that MIGHT work... for a US citizen... would be to get a bank account outside of the US. It is POSSIBLE to do that much; once in possession of the bank account, MAYBE it could be linked to the crypto account that was created with the Palau ID. (I haven't tried this, however).
Thats the most important question, and nobody is making it.
subbed!!!!! Very interesting video! Keep em coming 🤜
Do you need a passport id for Kucoin and for Mexc? Or can you just use a drivers license?
Hello
Thanks for sharing video have ?
I have took several pic they advised me
That pic did not
Meet expectations where did you go to exactly take pic how they wanted it
Thank you. Does this have any tax benefits?
Im tryong to get TON coin. I managed to get the wallet qith a VPN to change the IP address, when I tried to load it with US dollar and my visa card I was stopped. Advice needed
Thanks for sharing such valuable information! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
Good to see you Dan!
Thanks! Good seeing you in the comments again! Working on making more content!
Will this work with MEXC ?
That's probably why most of us are here right now. Still waiting on an answer..
Would a us national with a felony from more than a decade ago be eligible for this? What do they look at in the background check?
I believe Felonys never go away. But it doesnt hurt to try.
@@chadcervantes6066 yea they just seal them.. even if expunged.
Bitmex asked me if I was a U.S. citizen, not resident.
Can you access an account that was already set up in the United States prior to the termination with the new id?
TYDan, appreciate the info. Won’t creating an exchange acct using a US ISP influence the approval, vpn doesn’t seem to always hide the ISP. Wondering if it would be worth traveling to another country to create acct and buy.
Not really worth it unless you just wanted to travel anyway. Seems like some of the exchanges aren't that strict with VPNs and you might have better luck just buying an IP address in another country (some services provide that) or using a Deeper Network VPN (I have a few videos on their products).
Hi, very interesting video. Can I also open a bank account in Palau with this digital residency?
WoW! Thank you Dan.
KuCoin , is asking for , kyc verifying but , doesn’t support u.s customers wtf. Any suggestions
using Palau ID will bybit post bybit debit card to uk??
Does this work with crypto ATMs?
Do you need to use a VPN with it?
dan got my ID--do i need to use VPN to sign into an exchange --if so where is nearest country to select (no Palau on vpn )