/biz/ - Business & Finance

Payfair.io do bank wire and wait for someone to buy your funds (escrow saved)

with great difficulty, and nobody is going to tell you how to launder money without a fee.

>>9265451
Cashing out is a meme.

>>9265499
If I live in EU. Couldnt I just sell crypto for fist on gdax/coinbase and wire money to me?

>>9265573
kek, try it and see what happens

>>9265597
What happens?

>>9265451
Use Gemini or Coinbase and then have the money wired to your bank account. You won't get taxed immediately, but it's up to report your earnings next year.

>>9265499
Kek

>>9265451
You can't skip the tax man. It will catch up on you.

Go see a financial advisor.

>>9265451
Sell it on local monero after moving it to a private, untraceable wallet.

Buy a gun, meet in person. Just shoot the guy if he tries anything. Get a friend to go along with you, or offer an Uber driver some money to assist you.

>>9265639
In norway I have to pay 24% tax. If I had 1 million, that means 240k tax. But only if I report it. If I dont, the most I get is 60%. Additional tax. That means 384k tax total. If you are abel to turn that 240k into more than 384k within a year, it really pays of NOT reporting your taxes and just waiting until they get to you and give you that 60% extra tax. And in crypto, this would be really easy done.

Cashing out is a meme. Whats stopping an exchange from stealing your 20btc? Or disappearing during exchange. Wat u gonna do? Report to the crypto police ? Or send 1000 eemails to the exchange?

https://www.youtube.com/watch?v=uu2_nfl3lLE

>>9265687
Whats stoping them? Loosing all their business? You do understand how much they are profiting from all the trades right?

>>9265710
It already happens anon on a mass scale. This economy fad is the wild west. No control. D real winners are criminals and ponzi creators

>living in a crypto taxing shithole

>>9265686
That's the price you pay for living in a fucking nanny state.

>>9265774
girls are hot, so all good desu

>>9265784
>syrian women are hot

The absolute state

>>9265751
All I see in this post is "I am too stupid to make money" Nice projecting your low self esteem anon. This is not Dr. fucking Phil faggot.

>>9265653
Literally millions of people get away with tax evasion all over the world every day. Trying to hide large amounts of spending of crypto-derived fiat is of course impossible after a certain point, but smaller amounts can be hidden. It all depends on what anon's circumstances happen to be.
>>9265451
Anything over 100k spending per year and you should get an accountant specializing in crypto to fiat withdrawals. Report anything that goes through the banking system and is legally taxable and you should be fine.

>>9265800
Sorry, not triggered. You are confusing Norway with Sweden

>>9265451
Bitcoin ATM. I had withdrawn $15,000 already worth of my local currency without taxing anything. Most ATMs allow you to withdraw without ID up to like $1000 so you just have to do it $1000 by $1000.

>>9265687
>2011-tier nocoiner "argument"
Lurk moar. A lot moar.

>>9265844
Problem with cash is that its very hard to get it back in the system. What you gonna do, drop 500k in cash to your real estate agent?

>>9265844
What's the fee?

>>9265907
buy stuff like macbooks with the money, sell them and then you have proof you were just selling your stuff to bank account for the money

>>9265958
Nice tip. Can anyone verify bitcoin atm fees?

>>9265958
Bank is like, you had 2000 macbooks? :)

>>9266146
doesn't matter what they think, for all they know they could have been gifted to you by your family members, you might have bought them for cheap etc.

>>9265751
>much wild west
Anon must get his history from Hollywood

>>9265597
i have... 100000 euro a week, works perfectly. what complaints do you have??? you could ask coinbase to increase your weekly sell and withdrawal limit to 1,000,000 euros a week if you'd like. what is your malfunction?

>>9265958
you fucking amateur retards.. the real way us to set up a gofundme and pay large sums through anonymous ip adresses

>>9266746
smart man

or just use fucking payfair

>>9266235
for the love of god no one listen to this absolute brainlet

>>9266746
Explain. Are you accepting crypto on the gofundme?

You buy gold or silver online with bitcoin and when it arrives your sell it down the street for cash...thank me later

>blocks your path
nothing personnel chick

>>9265451
>How do I transfer a large amount of crypto into fiat, USD hopefully, without getting taxed, cheated, or shot in the head?
you don't, assuming you live in a civilized country

t. work in finance

>>9265451
Live in Singapore for a year. You’ll need a few thousand for the visa. No capital gains.

>>9267610
Who dafuq is this? Looks like a mix between Ted Cruz and Dan Larimer

>>9266235
>retailers dont need to declare gains because the merchandise could have been gifted by parents
Business & finance gentlemen

>>9265597
>kek, try it and see what happens
Not sure what the implication here is.
Done it numerous times and the only problem I have encountered so far is the money being in limbro for 3-6 days before I can make use of it. And I believe that is a bank-related issue anyways.

>>9265573
Taxes

>>9265499
>>9265644
checked and kek'd

>>9265451
why don't you just pay people in bitcoin? isn't it only capital gains if you convert to fiat? lamborghini for example accept bitcoin payments.
so even if the police did notice that you strangely have a lot of expensive stuff all of a sudden, just prove to them that you never converted to fiat.
you could probably even find someone willing to sell them homes/real estate for bitcoin

>>9266746
Thats taxable

>>9268280
>buy btc for 100usd
>buy lambo 8years later for 500 000
>499900 profit

It's the same as selling btc for link you asshole

Even if I make it then tax problems starts hate commi fag europe

>>9266782
>calls me brainlet
>provides no counter-argument

>>9267771
If you make an investment as a US citizen and cash out as a Singapore citizen you don't pay taxes? This sounds false.

>>9269754
correct, you are taxed as long as you remain a US citizen. No getting away from the IRS

Find buyer(s) on localbitcoins in your area that deal in large volumes, as they're most likely to already be doing cash transactions
Sell them small amounts through bank or whatever else, build repore, add them on whatsapp / etc
Ask them if they're available to buy bitcoin for cash
Rinse and repeat when necessary
Works fine in the country I'm in, not sure about US

3Qhjb8zgTTS8XpciKtEGzrcbYsmg42jG5m < send buttcoin if you found this helpful

>>9270804
>send you 50 cents of BTC
>$50 transaction fee
no thanks senpai

>>9269754
if you don't come back then irs is helpless

>>9267771
>You’ll need a few thousand for the visa
Uhh what? You need like a million for the residence permit?

>>9271049
it's not January anymore, fees are a few cents