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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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File: 28 KB, 1291x452, NOCASHOUT.png [View same] [iqdb] [saucenao] [google]
4809590 No.4809590 [Reply] [Original]

>The cash out meme is actually real for Australians

>> No.4809600
File: 36 KB, 485x600, 1447872431367.jpg [View same] [iqdb] [saucenao] [google]
4809600

FUCKING KEK

>> No.4809755

>>4809590
Doesn't BTCMarkets have a method to withdraw direct to your bank account?

Hopefully I won't be in this shit country any more by the time I want to cash out so it won't matter anyway though.

>> No.4809765
File: 15 KB, 602x576, 1456225863670.png [View same] [iqdb] [saucenao] [google]
4809765

>>4809600
NOT FUNNY, HOW TO I TURN THESE DIGITAL CATS INTO REAL MONEY

I HAVE BILLSSSSS

>> No.4809799

>>4809755
Pretty sure they don't.

If youre an aussie you gotta be in for the long hodl

>> No.4809815

At least you can never panic sell.

>> No.4809844

Coinjar?

>> No.4809852

>>4809590

hahahahahhahahahahhahhhahhahahhahahahahhghahahahahahahahahahahahaha
>hahahahahhahahhahhahahahhahahhahhahhahaha
hahahhahahaha

holy fuck, that's best shit i have heard all day.

>> No.4809874

>>4809755
>>4809799
Yes, they do. Withdraw tab - scroll down to AUD and put in your bank account details and hit withdraw. Done.

>> No.4809896

>>4809815
You can panic sell into fiat on exchanges then be unable to withdraw it at all then!

>> No.4809910

>>4809590
Oooohhhhh you sly piece of shit. You really thought you were going to get a (you) for one STUPID fucking post. Well, I've got news for you. You're not cute, you're not funny. I've met people like you before on facebook and reddit and we have got a word for you: BAIT. Yeah that's right you wriggling little worm, you're on the hook for this one and let me tell you what this is FOURCHAN and we will fuck your shit up, bucko. I can't believe you thought you would get away with this! Good luck dealing with the ARMY OF TROLLS you've been hearing about on the news. They are going to expose you for the fraud you are, like it are not.

IT. IS. OVER.

>> No.4809916

>>4809590
Check out Bitrocket ATMs my man. Exchange rate is bitpay x 0.99

>> No.4809940

>>4809590
i used living room of satoshi today and it went through pretty quick. takes about a day to get the cash though

>> No.4809944

>>4809590
Yes you can - try Independent Reserve.

>> No.4809945
File: 16 KB, 476x357, NOCASHOUT.png [View same] [iqdb] [saucenao] [google]
4809945

>>4809910
It's real my friend

https://www.coinbase.com/global

>> No.4809954

>>4809910
whoever wrote this pasta needs to fucking end themselves

>> No.4809960

>>4809765
I took like 12k out of coinjar yesterday

>> No.4809994

>>4809945
Wait, you actually use Coinbase voluntarily and you're not even American? Ahahahahahaha.

>> No.4810016

>>4809994
stop bullying me i dont like it

>> No.4810040

>>4809945

Why you using coinbase?

I've been using btcmarkets an I've been cashing out without any problems.

>> No.4810109

can anyone give me a good, reliable, safe fucking exchange for australians to use? one that we can sell from as well? BTCmarkets only offers a few currencies

>> No.4810147

Been regularly withdrawing from btcmarkets for months. Price is generally higher than the US to AUD exhange rate for BTC as well!

>> No.4810229

>>4810109
Independent reserve

>> No.4810258
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4810258

>>4809590
I live in Australia and what is this? Just open a coinspot account and send it to that you neanderthal.

>> No.4810451

Fucking 'ell just use Coinjar, withdrew in just 2 days it's not that hard m8s.

>> No.4810487

>>4810147
btcmarkets is godlike. poli ftw.
>instant account credit from bank account debit

>> No.4810511

>>4809590
i'm with coinjar.com
I cash out all the time.
I've cashed out $4,000aud this month alone and cashed out $10,000aud total.
Our cashing out is the easiest.

>> No.4810515

>>4810487
Yesh I have a good laugh when I read about people waiting days for their bitcoin to transfer on cuckbase!

>> No.4810742

>>4810147
That goes both ways though. You pay more to get the BTC in the first place, but get more when you take it back out.

>> No.4810778

>>4810742
I'm not buying btc anymore, have made enough

>> No.4810795

>>4810778
>he doesn't put in every paycheck.

>> No.4810847

>>4810795
I wish I did man, wife is a little bit of a pain in that regard

>> No.4810848

>>4810511
This, i've started filtering 4Chan; so many fucking idiots

>> No.4810883

>>4810847
Since you already have a wife it probably matters a lot less that you can't buy much crypto. You should still put her on an allowance and buy internet meme coins though.

>> No.4811272

At least we don't have to pay tax on our trades

>> No.4811464

>>4811272
Hahaha amerigoblins btfo!

>> No.4811561

What's the best site to use for Europeans?

>> No.4811690

>>4811561

Kraken. The exchange sucks but they will do same business day SEPA payments for 0,09EUR.

>> No.4811696

>>4811272
Yes we do cunt

>> No.4812490

>>4809590
what website is this?

>> No.4812509

kek

>> No.4812835

>>4811272
>At least we don't have to pay tax on our trades

https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/

"if it amounts to a profit making undertaking or plan"
I'm just going to mention /biz/ in any and all correspondence with the tax commissioner

pro tax planning tip: it's not taxable if you are using them for personal transactions. you'd better b able to provide evidence of those transactions though - screenshots, receipts whatever

>> No.4812871
File: 5 KB, 397x151, fgsg.png [View same] [iqdb] [saucenao] [google]
4812871

>>4810511
>coinjar

WOW bitcoin only costs $1000 more that the actual price?
So good!

>> No.4812876

>>4809590
Fuck these posts are cancer, use Coinjar or Coinspot. You will actually get more than the market value.

>> No.4812891

>>4812871
sellers advantage

>> No.4812894

>>4812876
See
>>4812871

>> No.4812902

>>4812871
That helps you as a seller, fuck me.

Why are you still posting?

>> No.4812913

this ones easier to understand
https://www.moneysmart.gov.au/investing/investment-warnings/virtual-currencies
>If the cost of your bitcoins is less than $10,000 and you are only using them to pay for personal goods or services, they are not taxed.
>However, according to the ATO, if you are using crypto-currencies such as bitcoins for other purposes, you will be taxed. Here is an outline of the ATO's proposed tax treatment of crypto-currencies:
Investment - If you are holding bitcoins as an investment you will pay capital gains tax on any profits when you dispose of them
Trading - If you are trading bitcoins for profit, the profits will form part of your assessable income
Carrying on a business - If you are using bitcoins as payment for goods or services or accepting bitcoins as payment for goods or services, the transactions will be subject to GST
Mining bitcoin - If you are mining bitcoins, any profits you make will be included in your assessable income
Conducting an exchange - If you are buying and selling bitcoins as an exchange service you will pay income tax on the profits and transactions will be subject to GST

>> No.4812922

>>4812871
If you sell you get that price too, stupid cunt

>> No.4812923

>>4809755
yes they do, also living room of satoshi if you want to pay your bills.

>> No.4812939

>>4812922
>>4812902
>>4812891
So I can just buy bitcoin on coinbase, send it to coinjar and sell for continuous profit?

>> No.4812972
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4812972

>>4812939
Yes. If you have a way to buy from an American exchange as an Australian, never tested myself.

>> No.4812980

>>4812939
Yes, but Coinbase limits how much you can buy and also fucks you with fees, so no not really

>> No.4812982

>>4812972
I have a US bank account and credit card so, I guess I can

>> No.4813224

>>4812939
Yes and there are loads of arbitrage opportunities. If it's something you're looking at try to read up on the concepts
keep in mind FX rates and any fees, generally even with a no fees exchange you'll be losing 1% on spot rate. If you can't buy via credit/debit card (more and more exchanges have a 7-day limit on CC transactions;— presumably something to do with AML/CTF rules), then there's often a flat $25 fee per international bank transaction.

It may be more profitable to do JPY or KRW exchanges to USD exchanges. I often see 3-6% differences in prices and "lag".

>> No.4813329

coinspot is the best cashout method
can cash out as much as you want in one go
done 20k and mixed with their extremely high bitcoin price means you get way more money

>> No.4813486

Massive buy/sell spreads across different exchanges just reinforces how fucking dodgy crypto is

>> No.4813495

use living room of satoshi retards

>> No.4813893

>>4809590
use coinjar.com.au numbnuts.
i cashed out 1k the other day at 5pm, was in my bank at 9am next morning when i checked

>> No.4814499
File: 6 KB, 306x282, untitled55.png [View same] [iqdb] [saucenao] [google]
4814499

>>4809590
can withdraw AUD, when will this meme die ?

>> No.4815276

>>4809765
Bills? Don't be a retard and hit up living room of Satoshi