Hi, I am a professional consultant. I have clients all over the USA who pay me via direct deposit for my coaching services. I have a new client who lives in Australia, who wants to pay my $2000 – $4000 per month fee via coinbase. He wants me to set up a digital wallet, he’ll transfer money and then I’ll transfer funds to my bank. Is this a regular occurrence? Is there anything shady about this? My accountant says there is no 1099 as he’s not a USA resident and doesn’t pay USA taxes. How do i protect the deposited value of say, $2000 , so it remains $2000 until i withdraw it?
Is this safe? I’ve read reviews about it taking a long time to get funds and there will also be fees (which I will pass onto the client if there are fees associated with this type of transaction.)