How to cashout crypto?
- Thread starter Scorpion Ghost
- Start date
It can be a bit of a hassle but P2P is best. I'm sure exchange is not permitted here. You can reach out to some vcc sellers to convert crypto for cash. Some offer balance transfer and do wire. I'm not trying to sell myself here. I for once helped a few customers here pay media platform that put threshold on card payment. They only accept wires. If all works well. I think I can help you find a way out for less fees via wire cos I accept only crypto for all my services here. It's better for me.
If there's anything I've mentioned outside the rule of the forum. Mod should please indicate and have the post removed.
If there's anything I've mentioned outside the rule of the forum. Mod should please indicate and have the post removed.
- Mar 22, 2013
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But how do you do P2P if you wanna be legit and pay taxes and put the money in the bank?
timothywcrane
Supreme Member
- Apr 25, 2009
- 1,339
- 742
A closer relationship with your banker.
ADA Lovelace
Regular Member
- Jan 24, 2021
- 466
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The main problem is that some countries not allow cryptos, or they not allow transactions or similar. So, in that case is so difficult because u can use P2P, but if you have to declare big quanty of money, so, you should money laundering, what is not legal.
If you are in a country that not have bad policies with cryptos, only use an exchange, and declare the money, only that. Coinbase for example allow u to withdraw with paypal.
By the way, if your bank not allow transactions of cryptos, use a platform that have cryptos and stocks and are legally in your country, generally these platforms have not problem to receive payments.
If you are in a country that not have bad policies with cryptos, only use an exchange, and declare the money, only that. Coinbase for example allow u to withdraw with paypal.
By the way, if your bank not allow transactions of cryptos, use a platform that have cryptos and stocks and are legally in your country, generally these platforms have not problem to receive payments.
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- Mar 22, 2013
- 9,153
- 10,492
I don't have a closer relationship with anyone. If I do, maybe they call me some day on the phone out of the blue, invade my privacy and shit. No no no
Yeah but going through a platform in the country eats up even more of your profits. And I mean that in every sense. They'll probably have higher fees on everything across the board than Binance and the other established and popular exchanges.
ADA Lovelace
Regular Member
- Jan 24, 2021
- 466
- 381
the fees of the exchange are not high, the problem are the taxes of your contey, if u not wanna pay taxes legally change your residency to another country, if is a Big quanty.
buuut he should contact with a lawyer to resolve this
- Mar 22, 2013
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The taxes on crypto in my country aren't all that high actually, relatively speaking.
It's 15% on your profits.
But going through a local exchange to buy/sell/cashout adds at least 5% more to it, and then in the end I end up with money in my local currency.
Laireute
Junior Member
- Aug 4, 2021
- 124
- 23
How can you easily sell a Rolex online for money without running Ads or Something?
paulpaul25
Junior Member
- Dec 6, 2015
- 113
- 132
You can simply post it on dedicated Facebook Groups or reach out to dealers and they will usually buy it right away.