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2021-02-06 05:14 27917210 Anonymous (3264FE04-7BD5-4319-B0A9-E7DCD7AB2236.png 400x299 111kB)
Congrats you got rich off crypto! Now how do you cash out of your millions?

1 min later 27917317 Anonymous
>>27917210 I'll probably ask an accountant

1 min later 27917329 Anonymous
>>27917210 You don't.

3 min later 27917403 Anonymous
Already made plans. Never move my money outside of ETH ecosystem. Use DAI as stable coin of choice, send 5K:m to CRO so I can rent things on debit card

3 min later 27917409 Anonymous
>>27917210 Cashing out 7 figures I would definitely be speaking with a lawyer and accountant

3 min later 27917429 Anonymous
>>27917210 You don't

4 min later 27917480 Anonymous
Easy I buy several gold bars from an online Bullion dealer and then defer taxes until I sell the Bullion.

4 min later 27917489 Anonymous (original (11).jpg 750x745 218kB)
hey i just invested in xns, any opinions

16 min later 27918174 Anonymous
>>27917210 I live in a third world shithole so its pretty easy

17 min later 27918287 Anonymous
>>27917210 I get a Binance or Coinbase VISA card and just go shopping.

18 min later 27918315 Anonymous
>cash out Why would I convert it into inferior hyper inflating fiat

19 min later 27918415 Anonymous
I've cashed out like €4m over the years. I send crypto to Bitstamp, sell it for EUR and withdraw using SEPA. I recently did a couple of sizable withdrawals and must've made AML alarms go off, because both my bank and my stock broker asked me to document to origin of the money, so I had to send them trade logs and whatnot. After a brief correspondence with my bank, they said they no longer have any questions, so presumably I'm in the clear. My broker is being a bit of a pain in the ass and want something more concrete to link the transaction logs to me, so that's still an ongoing thing.

21 min later 27918518 Anonymous
>>27918315 To buy a house or a car maybe? How can you not understand that man?

21 min later 27918562 Anonymous
>>27917210 Send it to Binance 700k at a time.

23 min later 27918648 Anonymous
>>27917480 you triggered a tax event selling to buy the bullion, retard.

24 min later 27918707 Anonymous
>>27918518 My realtor takes BTC. I was buying a house the morning for 4 BTC. Whoops, the process dropped, 8 BTC. Never mind, it's just 1 BTC now. Hang on, its 12 BTC now. Damn the housing market is wonky.

25 min later 27918771 Anonymous
>>27918315 Because eventually you will want to convert your fake digital money to fake real world money Last i checked walgreens didnt take monero or rubic

25 min later 27918805 Anonymous
>>27918707 This guy gets it

26 min later 27918887 Anonymous
Can’t we just withdraw from coinbase

28 min later 27918992 Anonymous
>>27918648 Bury the bullion in the fucking woods and tell the irs to each shit and dye their clothes.

29 min later 27919026 Anonymous
>>27918415 >correspondence with my ban You stupid faggot, bankers are not the tax man but the exact opposite. The tax man is your government.

29 min later 27919059 Anonymous
>>27918518 in which 3rd world shithole can you not buy things with btc?

30 min later 27919105 Anonymous
>>27919059 Even in America if you try to buy with BTC they will laugh at you

31 min later 27919176 Anonymous
>>27918805 >>27918707 I’m a brain let but your example shows swings of an unrealistic proportion with Bitcoin at 40,000 your saying that in a morning the price would fluctuate 120,000? That’s silly...by the way I bought my house for $500,000 in may...it just appraised for $680,000...27% fluctuation in 9 months. This would be a more accurate representation of a ridiculous wonky market and this is all in fiat...

31 min later 27919185 Anonymous
>>27919026 Yeah, and? Why are you telling me this? I know the tax administration and banks are different entities and I wasn't implying otherwise.

32 min later 27919261 Anonymous
>>27917210 >cash out im not selling you fucking brainlet. i dont want your shitty government funny money. fuck off

35 min later 27919426 Anonymous
>>27918771 >Last i checked walgreens didnt take monero or rubic They do where I live

35 min later 27919449 Anonymous (9F3827F7-9820-4962-B921-B4DE4D12B114.jpg 529x697 51kB)
>>27917210 >cash out

38 min later 27919611 Anonymous
>>27918415 What was the size of the withdrawal which triggered an alarm? I still haven't found a good solution for fiat banking but my bank is going to charge -0.5% in a few months so that should be a good reason to not put any fiat into it. I will instead directly transfer money from the exchange to interactive broker and invest it into a diversified portfolio. But their trading workstation is so horrible to use, it makes me want to find another broker...

38 min later 27919639 Anonymous
>>27917210 what happens if i just put it in my bank account

38 min later 27919660 Anonymous
>>27918992 I wouldn't fuck about with taxes on large sums of money. They're eager to make an example out of you.

39 min later 27919708 Anonymous (a09.png 680x708 396kB)
wtf? Crypto isn't real money?

41 min later 27919867 Anonymous
>>27919185 I'm telling you that because the fact the bank didn't give a shit means NOTHING. They'd be GLAD to see you money dumping onto them tax free. The ONLY reason they would help to tax you it's because it's illegal for them to not help their government.

43 min later 27919964 Anonymous
>>27919708 You need to open your eyes. The world is not real and fiat is fake. Only cryptos really exist!

43 min later 27919987 Anonymous
>>27919105 What? You just use a card like with anything else, the wageslave clerk doesn't even know it's happening. Although paying with a dinosaur coin like BTC is a bit silly because of how slow it is yes, you should use something like Stellar for everyday quick expenses.

44 min later 27920056 Anonymous
>>27917210 Coinbase-Wells fargo. Keep it under $2,500 a month...been doing this since 2017. Never had a problem

48 min later 27920303 Anonymous
>>27919611 I did several of different sizes, so I'm not sure if it's the number of transactions or the sizes, or both for that matter: December 2020: 2x€200k January 2021: 2x€50k and one €800k As soon as the money arrived, I started moving it around, some to my broker and some to my dad as a gift, so it could also be that it might've looked suspicious the way I was moving money around. So yeah, couldn't tell you exactly what triggered it, unfortunately. >>27919867 I'm already in the clear with my tax administration. I've declared and paid taxes like a good boy for many years now. No idea why you're telling me this, anon. >The ONLY reason they would help to tax you it's because it's illegal for them to not help their government. The fuck are you even talking about. My bank isn't helping me with taxes. They are required by law to make sure they aren't facilitating money laundering, so they ask questions and shit to make sure it's legitimate money.

49 min later 27920409 Anonymous
>>27920303 >I've declared I've declared my crypto holdings*

50 min later 27920454 Anonymous
>>27917210 Use crypto to buy illegal goods off of blackmarket Sell goods for a untraceable tax free profit Get McJob where you "work" 1 day a week to cover yourself ???????? Cash out

51 min later 27920519 Anonymous
>>27917210 You don't cash out and only use what you need in the moment.

52 min later 27920561 Anonymous
>>27920303 >I'm already in the clear with my tax administration Then I don't get your wording in the other post, because it seemed to me that you implied you didn't pay taxes that you owed during the transfer.

53 min later 27920620 Anonymous
>>27918992 >bullion dealer automatically reports the sale to the irs for you >you dont report it >they ass rape you 1 year later when you file taxes and exclude it good job

53 min later 27920644 Anonymous
>>27920561 No idea how you interpreted my post that way, but OK.

54 min later 27920686 Anonymous
Can you just tranfer from binance to your debit card? Was thinking about this myself.

55 min later 27920803 Anonymous
>>27917403 Is Dai really the best stablecoin?

58 min later 27920974 Anonymous
>>27920803 Yes. At least currently

59 min later 27921044 Anonymous
>>27920686 EVERYTHING that goes through a bank is known by your government or at least it's potentially known by their tax men. It's illegal for the banks to hide that info. Well unless you live in a shithole in threat of imminent collapse at least.

1 hours later 27921104 Anonymous
>>27920303 It may be your father's bank which triggered this and escalated the process to everything else. If he uses an older dying type of bank they are extremely painful with every small money movement. That's what made me open a new bank account for my mother when they blocked and slowed down multiples times money transfers of a less than 2k to buy silver... They somehow believe it's their money and that they need to have full control of it because it's not yours. Did you find a good broker? I am planning to use Interactive broker because they have an institutional focus and should better protect investments, but that was before Brexit removed the banking security.

1 hours later 27921221 Anonymous
>>27920454 >Works at McDonald's for a month >Reports $9m wages from mcd's

1 hours later 27921286 Anonymous
>Now how do you cash out send to coinbase, send to bank, pay taxes, cry

1 hours later 27921522 Anonymous
>>27918707 Easy, put it in the contract that the BTC price will be marked to the market in dollars on the day of closing

1 hours later 27921905 Anonymous
>>27921286 This.

1 hours later 27922034 Anonymous
>>27921522 Maybe A smart contract

1 hours later 27922082 Anonymous
>>27921104 It's the same bank, actually. Biggest bank here and has a history of shutting down accounts of businesses dealing with crypto, so I was convinced I'd have to find another bank, but maybe they're changing their ways. >Did you find a good broker? I'm from Northern Europe and use Nordnet, a popular broker here I think is only available to Nordic countries. Besides the KYC annoyance, it seems good.

1 hours later 27922232 Anonymous (7AD30C08-815F-40BD-A5A5-17187ECA1AF2.jpg 640x734 97kB)
>>27919639 A year later you will get this surprise letter from your friends at the IRS.

1 hours later 27922291 Anonymous
Lmao just buy gift cards

1 hours later 27922425 Anonymous
>>27922291 >Buying 5 mill worth of gift cards. >20 years later finally sold the last gift card >Now the NWO is in play >You own nothing

1 hours later 27922499 Anonymous
>>27922425 And you'll be happy, thanks for playing.

1 hours later 27922510 Anonymous
Just pay your fucking taxes, niggers

1 hours later 27922669 Anonymous
>>27922499 so just pay the taxes then buy off grid place and self sustain with no debt then they can't touch you

1 hours later 27922816 Anonymous
>>27922669 Thats what the unibomber tried to do, and look how that turned out.

1 hours later 27922995 Anonymous
>>27922816 can you expand on this?

1 hours later 27923085 Anonymous
>>27919964 Okay, Morpheus.

1 hours later 27923220 Anonymous
>>27922232 Which property will they seize if they are living in an apartment? Good luck seizing the car for 98k.

1 hours later 27923221 Anonymous
>>27920303 Did you call your bank beforehand and alert them that you'd be making large deposits from a crypto exchange? I live in the states and have heard that that's the only way to not get your account frozen

1 hours later 27923330 Anonymous
>>27923220 Lol if you cant pay you go to prison fucking retard.

1 hours later 27923426 Anonymous
>buy stablecoins on metamask >send to CEX >start cashing out $75k of stables per year to usd (less than 80k income, long-term capital gains tax of 0% married filed jointly) Yes this would involve quitting my job that I actually kind of like but 75k per year for nothing and avoiding capital gains tax is worth it

1 hours later 27923447 Anonymous
>>27923220 I guarantee the IRS is licking its chops to start making examples of white males not paying taxes on crypto right now.

1 hours later 27923459 Anonymous
>>27923221 Nope. I had another bank account with some money to fall back to were they to freeze it, so I just went for it. Bitstamp also elevated my account to like a VIP thing where I have my own account manager and shit, so I imagined I'd easily get the money back in the case my bank had rejected it.

1 hours later 27923496 Anonymous (1612632882293.jpg 450x502 30kB)
>>27917210 NEVER SELLING !

1 hours later 27923522 Anonymous
>>27922816 pretty sure he would have turned out fine if he didn't mail the bombs

1 hours later 27923535 Anonymous (CIAGLOW NIG.jpg 1686x2046 330kB)
>>27920561

1 hours later 27923539 Anonymous
>>27917210 find some dude irl and send the coins to his/her wallet

1 hours later 27923701 Anonymous
>>27921286 Is it just income tax?

1 hours later 27923708 Anonymous
>>27917210 take a tax free asset based loan, and when the price tripples again, take another one to pay off the previous one etc for infinity. Even better to use the money to buy an income producing asset like rental property

1 hours later 27923868 Anonymous
>>27917210 >cash out >not hold in BTC and just take as needed This anon, mayhaps, will not become elevated.

1 hours later 27924027 Anonymous
>>27917403 That's still taxable you mong.

1 hours later 27924149 Anonymous
>>27917210 don't need to, convert everything to USDC and spend that on whatever by anonymous purchases and otc deals

1 hours later 27924246 Anonymous (Tumblr_l_534349166095067.jpg 960x789 134kB)
>>27918887 Pfthahaha

1 hours later 27924657 Silver Shepherd
ummmm. >https:// veldtgold. com/ >transfer to XMR >buy bullion from above site >??? >PROFIT

1 hours later 27924919 Anonymous
>>27924246 why would that not work? I'm in EU

2 hours later 27926043 Anonymous
>>27923459 What difference does it make to be a VIP with an account manager?

2 hours later 27926327 Anonymous
>>27926043 I can skip having to deal with regular customer service, which tends to get clogged up during bull runs, and just directly get in touch him if I have any issues.

2 hours later 27926525 Anonymous
>>27923220 brainlet detected

2 hours later 27926591 Anonymous
>>27922510 Seriously, imagine wasting time worrying about the tax man when you can legally bribe him to go away for a paltry fee.

2 hours later 27926692 Anonymous
>>27926327 That seems nice. do you have a particular reason to talk with their customer service? I never had to interact with anyone from an exchange until now. My biggest worry is that the ETH network gets clogged during the bull run, but being a VIP won't make a difference there.

2 hours later 27927158 Anonymous
>>27926692 No, not really. Just mentioned it in that post since I was talking about the hypothetical situation where my bank bounces the transfer. I've read many posts over the years of people having their banks reject transfers and the exchange not crediting the money back, effectively leaving the money in limbo until it's resolved through customer support.

2 hours later 27927289 Anonymous
I only need $20-$30k a year and that just so happens to be the most favorable tax brackets. If I cash out I'll be doing it extremely slowly, not necessarily to get rich but so I don't have to work.

2 hours later 27927961 Anonymous
>>27927158 First time I heard of this. That is frightening if your money can disappear like this.

2 hours later 27928041 Anonymous
>>27917210 There are shops that take BTC as payment. A way of cashing out would be to buy iPhones and selling them brand new. Don't know how much you would lose with this but it's something I'm considering.

2 hours later 27928079 Anonymous
>>27924919 taxes, furthermore coinbase and ur bank will try everything in their power to fuck you over

2 hours later 27928133 Anonymous
I'll buy the thots I used to see on /fit/ and finally fuck them

2 hours later 27929021 Anonymous
>>27928079 I plan on paying my taxes since I'm not an incel loser freak and want to contribute to society. >furthermore coinbase and ur bank will try everything in their power to fuck you over Why would they do that? Stop reading pol and go outside schizo

2 hours later 27929161 Anonymous
>>27929021 >contribute to paying nigger welfare, immigration and for the demise of the world, corrupt politicians paychecks, and perhaps the money paid will just disappear and never be used

2 hours later 27929235 Anonymous
>>27929021 What it this utopia you are living in where you only pay less than 20% taxes and have no multiculturalism, jews and corrupt government?

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