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8472801 No.8472801 [Reply] [Original]

what's the best way to cash out all at once?

>> No.8472841

>>8472801
If are not in America, believe in cryptos long term and don't definitely need 100% of the money within the next few years, then don't cash out all your gains.
If you cash out to your bank, then the gov gets access to data on your gains and you have to pay tax from all of it. You can leave some money on Coinbase as EUR and reinvest once you think the bottom is in.

>> No.8472965

>>8472841

I want to buy stuff though

>> No.8473006
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8473006

>Trying to cash out meme money

>> No.8473742

Just pay with one of those crypto credit cards and pay no taxes

>> No.8473955

>>8472801
is coinbase really the best? I am eurocuck and planning to cash out $300k

>> No.8473971

>>8472801
Get a high tier at coinbase.

>> No.8473985

>>8473955
I've cashed out over 200k at coinbase. It's great. I had it on my account in 2-3 days each time. Their fee is also reasonable. Kraken might be cheaper but it's unreliable as fuck with their pajeet tier servers.

>> No.8474022

>>8473955
Do you really need all the money now? Once you cash out, you'll definitely pay taxes on it.
You can just take as much out as you need in the foreseeable future. If you later need more, then you can take it out later. If it turns out you didn't need more, you can reinvest the remaining when the bottom has came in maybe a year or two. Worst would be cashing out, paying taxes on it and then putting it back again on Coinbase a year from now.