Asking for a friend.
What is the cost effective way to cash out xxx,xxx and minimize tax bill?
What is the cost effective way to cash out xxx,xxx and minimize tax bill?
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Get yourself an accountant and pay what he tells you to pay.
Don't fuck around with them. They will destroy you.Comment
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In Poland it's unregulated and there are ATM machines all over the place where you can withdrawal cash from your BTC with no documents or KYC at all. You can then drive this cash to CZ.
That being said, I don't know what you'd do with $xxx,xxx in cash since you won't be able to buy anything useful with it other then food, cloths and alcohol... so it's probably best to just pay the capital gains tax on it and actually be able to use the money.Mechanical Bunny Media
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I've never used, but some use LocalBitcoins.
“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
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local bitcoins stopped doing cash to bitcoin years ago
fly to Cambodia go to a casino they'll exchange hundreds of thousands of dollar for you. Then open a Cambodian bank account and pay in cash don't worry you won't face any KYC legislation
I once had to wait behind a local paying $500k in cash into the bank (literally a suitcase of money) he was moaning at the staff that they were taking too long counting it (Apparently it was a property sale from what I over heard.)
Theres a reason why Cambodia has such a bad rap for money laundering lolComment
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Thank you for great tips about Cambodia and Poland but I was asking about US of A. Like opening account with coinbase and then selling it. I am talking 20 coins not cash machine amounts.Donate to The Freedom of Russia Legion NOW
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I am also asking for a friend, he wants to know where to buy crypto with a credit card without KYC?Femdom Destiny
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use many ATMs in the USA for many transactions? im sure they exist not only in Poland...
what is the problem exactly?
if only I had such problems...Comment
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Wait if you move money out of your coinbase wallet to a hardware wallet or some other wallwt.... is that considered a taxable event? Please say noComment
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“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
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That's usually the case, yes.
Only the #1 crypto was created without greed or riches in mind. So much so he/they vanished without a trace.
Ripple/XRP on the other hand, not only they sticking around leaving a central point of attack (from SEC, other gov, etc) they also allocated 70-80% of XRP to themselves for dumping on their supports (they call this, their distribution strategy) for marketing, paying employees and most of all paying themselves. Check their net worths, Check Chris Larson, Jed McCaleb, Brad Garlinghouse, billionaires.
Not to say you can't win, i just believe they're not good for long term hold.
If they are cheap & fast, use them, take advantage of that, spend, don't save.
If they truly have utility, with oracles and that blahhhhh, ok use for that (who does?)
Bitcoin is a savings technology, with sole purpose to exist as the most stable & secure blockchain/ledger on Earth and it's doing that. Exist + time/patience, it'll go up (long term) against any debased fiat currency. “If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
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