TRC-20 USDT Fees Are Out of Control – ERC-20’s Dirt Cheap, Time to Ditch TRC?

[EDMOND]

I can’t really comment on agent/admin involvement in deals because mine have been very straightforward. In my last sale, even the admin or agent didn’t accept the invite—just confirmed messages between me and the buyer, and the deal was done.

So I assume you’re referring more to the financial side of things. Of course, I understand that just because my deals are simple doesn’t mean others don’t run into complications. SWAPD definitely deals with more complex cases sometimes.

I hope once SWAPD moves to Canada, the fees finally get better. From what you’ve shared, it sounds like a big upgrade—no more messy third-party payments, faster payouts, and smoother transactions.

@SWAPD

1. No Income Tax or Corporate Tax: That’s right—zero tax on our earnings. This is possible because the Canadian LP we’re forming is meant for businesses that are not actually conducting their operations within Canada. For Canadian residents, this setup doesn’t apply, but for us, it’s a perfect match!
2. Crypto-Friendly Laws: Canada’s more relaxed stance on cryptocurrency allows us more freedom in our operations, and potentially lower costs for our users.

These benefits make Canada an ideal location for SWAPD to continue growing without the tax burdens or regulatory red tape we’d face elsewhere.

Goodbye, DAC7 Fears

One of the biggest reasons we decided to move was the looming threat of DAC7 compliance. This EU regulation requires platforms to report earnings of EU members to the authorities, which understandably caused a lot of concern among our sellers.

By becoming a Canadian LP, we have a way around these requirements. While we would technically need to report earnings to the EU, the nature of our new legal structure means we can avoid the bulk of the red tape. This ensures our sellers remain safe and their privacy protected, alleviating the DAC7 scare we all faced.