Alright /biz/, need some quick, non-retarded advice.

I'm a digital nomad, US citizen but live abroad full-time. Got a couple EU passports too.

When signing up for exchanges (Binance, Bybit, etc.), should I use my US passport or a foreign one?

My main questions:

1. If I use a foreign passport/residency for KYC, does this actually help with anything, or just create a future problem?
2. How does this affect US taxes? IRS is gonna find out anyway through FATCA, right? Does using a foreign ID just make me look more suspicious?
3. If I use my Portuguese ID, will Portugal try to tax me even if I'm only there for a few months?
4. Is being a "tax resident of nowhere" a real thing or just a larp?

Trying to figure out the optimal play here so I don't get a surprise visit from the taxman in multiple countries.

What are you guys doing?

>>60499314 (OP)
As a us citizen you have to pay taxes on every crypto trade regardless of where you are living

>>60499314 (OP)
wtf is nomad. just pay your taxes dummy

>>60499350
digital nomad, global nomad

basically freedom

Yiz.
Kek

>>60499371
idk it just sounds extremely gay and now that i think of it it indeed is as i saw something on msm about this word

>>60499371
The US don't care, I'm sure you're lying because someone who would be able to get foreign passport would immediately give up on his US citizenship to truly become free from the US's grasp moreover you would know that no matter where you are the US is the only country in the world that can and will tax you as a foreign resident

>>60499612
well, AI keeps telling me that I have to tell every crypto exchange that I'm American or otherwise I will have commited tax evasion. When in reality I don't know if this is the case. I also don't want to go to such lengths as giving up on my hyperpower citizenship

>>60500680
just dont tell them then dummy. its not that hard. i only have one shitty british passport. havent lived in britain for nearly a decade. havent ever paid tax. just launder it through other peoples accounts lol.

better do a decent job of hiding the money
the irs will assrape you if they ever find out

>>60499419
Are you some sort of dementia-addled 90yo boomer? Being a "digital nomad" has been a thing for over a decade already.
>get job that can be worked remote
>move to shithole country to live on $400/mo while putting away millions in savings
>retire at age 25

>>60500718
so there's this FATCA thing or CRS, and let's say I register with Binance and pick the best country, and that's it - I tell them that's my only residence? Or when I open a bank account in a different country and don't tell them that I have other citizenship? It does sound simple obviously and even theoretically what is the risk, how possible would it even be

>>60499612
This is a retarded take. Imagine giving ip the best passport in the world for a slightly one that you have no real cultural connection to. Also, US taxes are better than EU taxes and you don't really want to hold sole citizenship for any of the countries that won’t tax you.
>t. Just applied for Portuguese golden visa.

>>60500741
so I'm thinking I'll just register with a crypto exchange and only tell them that I am from country A and I have an address and passport from there and that's it, and deny any other citizenships or tax residences

>>60499314 (OP)
>>60499371
>Digital nomad
Absolute cringe. This was cool 15 / 10 years ago when it was mostly self taught skilled white guys running websites / online poker / illegal market places and hanging out in SEA beach resorts banging escorts and doing blow. Now? it's full of faggot influencers and women. Literal mongoloids with nothing more than Instagram, TikTok and Shopify recording every boring moment for zoomers to consume.

I can already tell you are one by the fact you are relying on Google ai overview to answer your questions.

You are American, all income must be reported back to the IRS at the end of the tax year. Even if you were non dom there is no way around this.

Land of the free? Ha

>>60500876
its literally that simple.

>>60499314 (OP)
Just use you $COLORS passport and avoid tax
https://x.com/chuudi01/status/1933791919181869199?t=ITu3jNpflqzM9maKGkry-w&s=19

>>60499314 (OP)
how did you get your EU passports and how long did it take? advice would be appreciated

>>60502941
Fuck off, we’re full.

>>60502941
just ask some of your parents or grandparents about where they came from - it won't work if you're a pure Old Stock folk though. Try applying to university in the EU to get a cheap dorm and free or low tuition. Maximize gibs by proving you're poor. And you can get a citizenship by naturalization, probably helps marrying someone on paper to make it quick as well

>>60499612
Eritrea does it too, not just the US

Portugal does not tax crypto gains.
US will tax you regardless of where you live.
Give up US Citizenship soon but expect more scrutiny before you can exit. Uncle Sam is a crackhead penny pinching and will take as much money as possible. But it's better to cut off this wealth cancer sooner rather than later.

>>60503837
bro I paid so many taxes, at least I want to reap some social security once I'm old