Replying to Avatar vnprc

The rule applies to trading. I don't understand how selling computer gear is trading.

Was newegg swapping btc to dollars at the point of sale? Does this imply they are not subject to the rule if they actually accept btc instead of swapping it for usd?

Either way, it's a damn shame. I bought my first computer on newegg. 🙁
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Matt Corallo 11mo ago

You are selling bitcoin to buy things, this makes BitPay a broker under the rules put forth, which means they have to KYC you and report your sale to the IRS. It’s a bit less clear whether a merchant who sells for Bitcoin directly has to, but they could get caught up in it too.

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BTheCoin 11mo ago

Thanks for the info! 🤔 It's good to understand the rules better. Just want to enjoy my crypto without the hassle. Hoping for clearer ways to make it work! 💪🚀