Assistance with token cash-out for a fee, transfer to a crypto wallet

[Elmar]

Hello, I recently started broadcasting on Chaturbate, and I've run into issues with virtually all token withdrawal methods. In this regard, I wanted to ask if any models provide a token cash-out service for a fee. The idea is that I transfer tokens to you on the platform, you keep, say, 10% of the transferred amount, and send the rest to my crypto wallet (preferably USDT).

 

[MaLiNka__]

Hello, I recently started broadcasting on Chaturbate, and I've run into issues with virtually all token withdrawal methods. In this regard, I wanted to ask if any models provide a token cash-out service for a fee. The idea is that I transfer tokens to you on the platform, you keep, say, 10% of the transferred amount, and send the rest to my crypto wallet (preferably USDT).

I think you haven't set it up quite right. I use paxum, never used crypto wallet. Usually everything works fine, please contact support.

 

[Vixxen81]

Hello, I recently started broadcasting on Chaturbate, and I've run into issues with virtually all token withdrawal methods. In this regard, I wanted to ask if any models provide a token cash-out service for a fee. The idea is that I transfer tokens to you on the platform, you keep, say, 10% of the transferred amount, and send the rest to my crypto wallet (preferably USDT).

That's against the rules.

 

[Vixxen81]

That's against the rules.

No matter how innocent it may be to you and the other person willing to do something like this, the admins will never see it that way. Sure, you could probably get away with it for a minute but at some point in time you're going to run into an issue and need support's help and then you're going to have to get that person to contact CB on your behalf, they look at the tokens you tipped out to an account that isn't yours.

If you use the form on the site to submit a ticket, they will work with you to figure out what the issue is, or if you can explain it in a little detail here, we might be able to help you.

 

[Elmar]

I think you haven't set it up quite right. I use paxum, never used crypto wallet. Usually everything works fine, please contact support.

Thanks, Paxum worked best for me as well, but they're taking a long time to verify my details. Honestly, I didn't have the documents they require for address verification (I submitted a birth certificate not in English, which doesn’t include an address). The crypto option is excellent, especially for transfers from the US to Europe, but for some reason, they chose Bitcoin, which has the highest transaction fees. USDT would be much better, and it’s available on Stripchat, by the way. However, they have a different issue—smaller audience reach.

 

[Elmar]

No matter how innocent it may be to you and the other person willing to do something like this, the admins will never see it that way. Sure, you could probably get away with it for a minute but at some point in time you're going to run into an issue and need support's help and then you're going to have to get that person to contact CB on your behalf, they look at the tokens you tipped out to an account that isn't yours.

If you use the form on the site to submit a ticket, they will work with you to figure out what the issue is, or if you can explain it in a little detail here, we might be able to help you.

Yes, you're probably right; at some point, it might be considered a violation of the rules. But it's a shame that CB (despite all its advantages) has a limited choice of cryptocurrencies. It's incredibly convenient—you just enter the wallet address, receive the funds immediately, and cash out using p2p in the Binance app. I'll wait and hope the CB developers add other cryptocurrencies in the future.

 

[Vixxen81]

Yes, you're probably right; at some point, it might be considered a violation of the rules. But it's a shame that CB (despite all its advantages) has a limited choice of cryptocurrencies. It's incredibly convenient—you just enter the wallet address, receive the funds immediately, and cash out using p2p in the Binance app. I'll wait and hope the CB developers add other cryptocurrencies in the future.

It's essentially tax evasion. The person receiving the tokens from you is being taxed on that additional income that you're not paying because CB only sends tax documents when you cash money out to be paid directly to you.

Say you make $1000 every week, that's 52,000 they get hit with that you don't have to pay taxes on because there's no record of you being paid out by CB.

I recently took a survey on CB about payment options, so maybe that is something they are looking at now that the industry is being regulated so heavily by all countries.

 

[cbhours]

Hello, I recently started broadcasting on Chaturbate, and I've run into issues with virtually all token withdrawal methods. In this regard, I wanted to ask if any models provide a token cash-out service for a fee. The idea is that I transfer tokens to you on the platform, you keep, say, 10% of the transferred amount, and send the rest to my crypto wallet (preferably USDT).

Fyi don't ever ask to do this. You will get banned from forums, reddit, etc. Models should never cash out tokens for others not because of any tax thing but because that's one of the main tricks scammers use to cash fraudulent tokens and it will result in the account being permanently banned.

 

[Elmar]

Fyi don't ever ask to do this. You will get banned from forums, reddit, etc. Models should never cash out tokens for others not because of any tax thing but because that's one of the main tricks scammers use to cash fraudulent tokens and it will result in the account being permanently banned.

I understand your point, but I wasn’t suggesting fraudulent schemes. Rather, such questions should encourage the industry to evolve for the convenience of its users. If I or other models are unable to withdraw funds, it reduces the number of models and, consequently, the platform’s profit. A smart developer would likely see the value in addressing such concerns rather than excluding someone for raising them. After all, the ability to use virtual currencies within systems is what led to the creation of cryptocurrency itself.

 

[AmberCutie]

not because of any tax thing but because that's one of the main tricks scammers use

not JUST because... I mean both are issues. Maybe you forgot that qualifying word there. ("only" could have worked as well. But it needs to be there.)

 

[MaLiNka__]

I understand your point, but I wasn’t suggesting fraudulent schemes. Rather, such questions should encourage the industry to evolve for the convenience of its users. If I or other models are unable to withdraw funds, it reduces the number of models and, consequently, the platform’s profit. A smart developer would likely see the value in addressing such concerns rather than excluding someone for raising them. After all, the ability to use virtual currencies within systems is what led to the creation of cryptocurrency itself.

Indeed, such requests were received by models (directly in the chat), but these were something like stolen tokens or something similar.

In general, you can use the tokens as you wish, including sending them to other models.

As far as I know it is not forbidden to use another person's account name in your account for withdrawals. (At least for now). But I have a feeling that soon you should be like the holder account, as well as the recipient of funds.

Some people here are ready to "eat" you if you express yourself incorrectly. They also forget that many people use a translator and find it difficult to find the right words.

And yes, non-US citizens do not pay tax. This happens when payments go directly to domestic accounts of the country to a business account. So, theoretically, if you send payments to another person from a Paxum wallet, you don't pay tax for it. But if you deposited money into a business account and donate it to charity - you pay the tax. (This is not written off at the end of the year). Absurd - perhaps, but that's how it works (at least for now).

 

[MaLiNka__]

Thanks, Paxum worked best for me as well, but they're taking a long time to verify my details. Honestly, I didn't have the documents they require for address verification (I submitted a birth certificate not in English, which doesn’t include an address). The crypto option is excellent, especially for transfers from the US to Europe, but for some reason, they chose Bitcoin, which has the highest transaction fees. USDT would be much better, and it’s available on Stripchat, by the way. However, they have a different issue—smaller audience reach.

If you need to confirm the address, I did it with a bank statement.
Just write to the bank that you need a statement indicating your registration address, they will tell you.
In my case, it looked like a bank statement with all the bank's information and yours.

 

[Elmar]

If you need to confirm the address, I did it with a bank statement.
Just write to the bank that you need a statement indicating your registration address, they will tell you.
In my case, it looked like a bank statement with all the bank's information and yours.

Thank you so much for your responsiveness! This is very valuable information. Feel free to ask me if you need to know anything about crypto. I’ll be happy to help.

 

[MaLiNka__]

Thank you so much for your responsiveness! This is very valuable information. Feel free to ask me if you need to know anything about crypto. I’ll be happy to help.

I think I'm the only one on this forum who isn't shy about asking questions lol)
Although, to be honest, cryptocurrency is a dense forest for me, which I don’t want to enter yet)

 

[cbhours]

I think I'm the only one on this forum who isn't shy about asking questions lol)
Although, to be honest, cryptocurrency is a dense forest for me, which I don’t want to enter yet)

You do realize paxum tells you that you can use a bank statement in the verification process. You mentioning it and him saying it's valuable information makes me believe even more that he's shady.

Say you make $1000 every week, that's 52,000 they get hit with that you don't have to pay taxes on because there's no record of you being paid out by CB..

When you (or CB) pay international contractors you don't need to submit anything to their country so theres never a record (for them) aside from the manner that they receive the payment. If you are in the usa then yeah there's a record. If you wanted to do it it's not a tax issue that would stop you, he could give you a w8ben and you could just write it off on your taxes as paying an international contractor. If you had a studio for example and the models worked as independent contractors for you then you would do the same thing there's no difference between a studio master account and a regular CB account the income just comes in like affiliate income.

Should you do it? Absolutely NOT never trust anyone that asks you to cash out tokens for them.

 

[Elmar]

You do realize paxum tells you that you can use a bank statement in the verification process. You mentioning it and him saying it's valuable information makes me believe even more that he's shady.



When you (or CB) pay international contractors you don't need to submit anything to their country so theres never a record (for them) aside from the manner that they receive the payment. If you are in the usa then yeah there's a record. If you wanted to do it it's not a tax issue that would stop you, he could give you a w8ben and you could just write it off on your taxes as paying an international contractor. If you had a studio for example and the models worked as independent contractors for you then you would do the same thing there's no difference between a studio master account and a regular CB account the income just comes in like affiliate income.

Should you do it? Absolutely NOT never trust anyone that asks you to cash out tokens for them.

The information I was provided with is 100% valuable. The thing is, I already received a bank statement, but it doesn’t include my address, which is supposed to be confirmed by this document. The person gave me a tip that, upon my request, the bank could include the address in the statement. However, as far as I recall, I haven’t provided the bank with my address information. The same applies to my driver’s license. Perhaps in Canada (where Paxum is based), it’s customary to include the address on all the documents they listed, but in my country, most of these documents don’t display the address. A rental agreement would work for me, but at the moment, I’m not renting an apartment.

 

[cbhours]

The information I was provided with is 100% valuable. The thing is, I already received a bank statement, but it doesn’t include my address, which is supposed to be confirmed by this document. The person gave me a tip that, upon my request, the bank could include the address in the statement. However, as far as I recall, I haven’t provided the bank with my address information. The same applies to my driver’s license. Perhaps in Canada (where Paxum is based), it’s customary to include the address on all the documents they listed, but in my country, most of these documents don’t display the address. A rental agreement would work for me, but at the moment, I’m not renting an apartment.

Oh ok...

 

[MaLiNka__]

The information I was provided with is 100% valuable. The thing is, I already received a bank statement, but it doesn’t include my address, which is supposed to be confirmed by this document. The person gave me a tip that, upon my request, the bank could include the address in the statement. However, as far as I recall, I haven’t provided the bank with my address information. The same applies to my driver’s license. Perhaps in Canada (where Paxum is based), it’s customary to include the address on all the documents they listed, but in my country, most of these documents don’t display the address. A rental agreement would work for me, but at the moment, I’m not renting an apartment.

Yes, in many countries it is usually included, but I am one of those where even the rental does not include the necessary information. Since you are not registered in the apartment when you rent it, you need to have your own apartment to have such a document. But even then it is not suitable because it is not in English.

So the bank statement was my salvation and they offer it in several languages including English.

Many people won't understand this because it's the norm for them and it doesn't occur to them that it could be different. It's normal, just like I sometimes may not understand some things that are normal in other countries.