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/biz/ - Business & Finance

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26129048 No.26129048 [Reply] [Original]

So how do you actually cash out. Do you just allocate your gains to other coins / stable coins, do you choose to take the fiat? What are your exit strategies /biz/

>> No.26129117

if u have coinbase pro its easy just withdraw from usdc to fiat

>> No.26129140

>>26129048
Call accountant
Call bank tell a big deposit coming in
Sell for USD and withdraw from coinbase and send to bank
Email 1099 and forms to accountant
Safe and comfy. Or you could try and finagle out and worry about the IRS for the rest of your life

>> No.26129175
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26129175

>>26129048

>> No.26129201

bump due to interest

>> No.26129234

>>26129048
Sell for stable coins. Dump into liquidity pool. Get Nexus mutual insurance policy covering hacks, etc. PROFIT?

>> No.26129272

i wanna know if cashing out from binance directly is possible?

>> No.26129377

>>26129048
Look at those trapezius muscles. Holy shit I bet she can dead lift 1000lbs

>> No.26129396

>>26129234
Wait for Gemini credit card to come out earning 3% on spending. Take LP mining interest and dump into Gemini. Use CC to purchase everything I want/need.

>> No.26129575

>>26129272
Do you have an account tied to it or is this just another stupid tax evasion thread for brainlets?

>> No.26129643

Let’s say I have sick gains on my alts and want to allocate to Bitcoin, is it more expensive / taxed to sell and use the fiat to buy Bitcoin on an exchange, or just transfer the value on the exchange itself

>> No.26129706
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26129706

Britbong here - any tips on cashing out from Coinbase free version? I think you can make up to £12K a year tax-free

>> No.26129914

>>26129706
Connect kyc CB account to crypto friendly bong bank. Sell into fiat. Transfer out 12k pounds a year. Not sure if the 12k a year is true. If it's a lot of money, pay a barrister good money to find out.

>> No.26129964

>>26129914
cheers bro, I've only got £200 in Link so far lel

>> No.26130164

>>26129964
Good buy. Recommend you continue to DCA in if you can afford it. Bought 1300 link in 2015 as a poor college student. Also bought 700 Req for $1/per in 2017. Glad I never sold link even though I could have swung for more. Now up to 4500 at a more substantial cost. Ignore the FUD.

>> No.26130217

>>26129048
Bitcoin is the cashing out

>> No.26130455

>>26130164
Wise words! Sure, I don't know anything about DCA but I'll check it out - looks interesting.

Yea so I've got £200/12.35 in LINK and now have some disposable £££ to invest; thanks for the advice!!

>> No.26130584
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26130584

>>26130455
Dollar cost average. If you feel an asset is going to continue to increase continue to purchase in small amounts regardless of if price is up or down. Helps you ignore swings as your "average" cost is hopefully lower than current price. Or save up for a price dump and buy a bunch. Dates were wrong in my post both were early 2018...

>> No.26130981

>>26129048
>cashing out internet magic coins
Do i tell him or

>> No.26131074

>>26130164
>link
>only 1300
>in 2015
what's the point in larping as an oldfag?

>> No.26131137
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26131137

>he doesn't know

>> No.26131177

>>26129048
>cash out
I'm sorry, I don't understand. Why would you want to "cash out"?

>> No.26131190

>>26129048
When everything is done with longing the bulls and shorting the bears, everything goes to Monero. Good luck looking for my stash Mr. FBI man.

>> No.26131247

>>26131137
He wants to know what YOU would do. He's Mr. FBI Agent man.

>> No.26131784

>>26131074
Like I said when I corrected it. I paid 808.27 for 1,393.577 Link in 2018. Have 4500 at an average cost of $2.20. No need to lie helping out a newfag with a dozen link.

>> No.26131868

>>26129048
usdc
might transfer some of it into fiat to send to a broker until a good buy in arises again

>> No.26132090

>>26131784
Newfag Britbong here; was very appreciated with your advice. I'll take what you said on board and regularly start buying DCA style

>> No.26132260

Has anyone used bitrefill to get an amazon gift card? I don't want to cash out much and my wallet hasn't been comped by kyc yet, but I'd like to celebrate the bullrun with a few Amazon purchases. egrifter wants you to use their rewards program for amazon so I'm not using that one.

>> No.26132291

>>26132260
No, but I've used fold and it worked fine