02-20-2020, 11:37 PM
Any safe methods of paying bills and credit cards with crypto?
<!-- SC_OFF --><div class="md"><p>I am finding options online to pay credit cards and other bills with crypto. Have you tried any that you suggest to try or to avoid? </p> <p>I prefer low fees, safe, secure, and private. </p> <p>Obviously, we are required to report all income on our taxes, so I am not suggesting to avoid that. However, I also prefer a payment method where they do not report to the government and/or IRS. I am aware of the law where banks are required to report any deposits and withdrawals that are $10,000+ (or a combination of that number). I plan to report income, but prefer to not be flagged if possible. Utilizing a service to pay bills via crypto will help to stay off of the radar, even if I do report my income accurately. </p> <p>This will also result in lower fees than converting back to USD and then transferring to a bank, and also likely faster than sending via ACH. </p> <p>This is the route we are headed, right?; where we pay bills with crypto rather than fiat?</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>I am finding options online to pay credit cards and other bills with crypto. Have you tried any that you suggest to try or to avoid? </p> <p>I prefer low fees, safe, secure, and private. </p> <p>Obviously, we are required to report all income on our taxes, so I am not suggesting to avoid that. However, I also prefer a payment method where they do not report to the government and/or IRS. I am aware of the law where banks are required to report any deposits and withdrawals that are $10,000+ (or a combination of that number). I plan to report income, but prefer to not be flagged if possible. Utilizing a service to pay bills via crypto will help to stay off of the radar, even if I do report my income accurately. </p> <p>This will also result in lower fees than converting back to USD and then transferring to a bank, and also likely faster than sending via ACH. </p> <p>This is the route we are headed, right?; where we pay bills with crypto rather than fiat?</p> </div><!-- SC_ON --> Kind Regards R