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How do you actually cash out?
Wire transfer to your bank
>>28451335You press sell. The question is why would you want to when FIAT is devaluing further every day and crypto is pumping?
sent your coins to me and i will post you the cashi can also email it to you but it costs extra
>>28451335BOOBABZB+1
>>28451335You don'tthats the thing everyone will never tell you. No one has actually ever cashed out
>>28451335cash out?
>>28451335Why would you cash out?The dollar is gonna be used to start fires on the streets pretty soon
>>28451389You want to be taxed for all your gains?
Use a Bitcoin ATM.
>Be burger>Cash out to foreign bankWhat could go wrong
>>28451335you didnt actually think you could cash out your imaginary tokens anon, did you?
>>28451395>▶>>>28451335 (OP)thisIf you do cash out, do it for a minimum amount, to avoid taxes, keep the rest in crypto.Fiat is devaluing every day, crypto is pumping every day.Anyway this is not a financial advice, and I hope retarded zoomers like you never come back.
>>28451335Buy goods and services which you desire. Computers, cars, air tickets, food, rent, women.That is all money is good for, and you can do it with crypto direct with a modicum of effort
>he thinks he can get real money from his compiter coinso i am laffin
Find a casino that allows crypto
>>28451335>cash out>willingly exchanging my coins for shit that's going to inflate like a fucking balloonWhy would I want to do that?
>>28451335convert to ethereum, send to coinbase.
>>28451335You can't. Wait, you're just learning this now?! Like Ramsey said, it's FUNNY. MONEY. You had literally four (4) years to listen and learn from the FINANCIAL EXPERT himselph.
>>28451335>click 'withdraw'>click USD>click bank account>either click 'max' or type in the amount if the amount you wish to withdraw is less than the max on the books>click 'withdraw USD'
>>28451765My coins are doing better then I deserve
>>28451538That wasn't the question you monumental fucking faggot.That's how you cash out.Taxes are for cucks from cuck nations.Most of us live in developed prosperous countries, not the United Cucks of America where you don't actually own your own money.
>>28451335>cash out
Crypto is a fucking SCAM between all the fucking failed gas fees, transaction fees, and then worst of all fucking 60% OF YOUR GODDAM GAINS ARE TAXEDWHYTHEFUCKAMIINCRYTO
Trade for IOTA
I want to but I really just want more sats
I cash out USD into my crypto wallets.
>>28451874cope
>>28451876Say his fucking name
>>28451335oh g-godimagine thats your daughter in your laphaha
>>28452126That's a man
>>28452082hideo kojima
>>28451905Is 60% tax a thing?
>>28451335coinmetrowhy would you cash out tho? just get a crypto debit card
Crypto visa
I had a friend who cashed out awhile back, haven't seen him in years though so not sure
>>28452308If you cash out more than 600k
Has anyone wire transferred to their bank acc?
>>28451335Cashing out is a meme. We're here forever.
You purchase Bitcoin with dollars or Monero with Bitcoin (or dollars in some places) You’re thinking in the wrong direction. But if you want a real answer? Wire transfer or buy precious metals with your BTC.
Step 1: Send coins to whatever exchange that offers withdrawals to your bank (Coinbase, kraken, Shake-pay etc)Step 2: use the E-Transfer option, or the paypal option, Step 3: Call your bank or set up a meeting at your local branch and say you are going to be withdrawing profits you have made from cryptocurrency and would like to know about any daily limits there might be for withdrawals and ask to setup an account to put aside money you owe in taxes (you are going to be paying taxes anyway if you do this option)Step 4: Withdraw a modest amount of money daily to prevent your bank from freaking out and shutting the account down (like 10K a day should suffice)
>>28451335Start by drafting a letter to the IRS saying that you intend to evade as many taxes on your funny money gains as possible, because thats what you might as well be doing with whatever dog shit tier retarded plan you have in your head. >Cash outLOL
>>28452505This. What were the taxes? And for what amount?
>>28452546what about buying a house or something like that?
>>28451335i cash out each month in small portions, like 300 usd per month - its a lot in my country.And with that fiat im buying silver bars.Pretty comfy if you ask me.
>>28451610How do I buy a house without paying taxes on my crypto
>>28452621Is this true?
>>28451741>you didnt actually think you could cash out your imaginary tokens anon, did you?This. I have nightmares about sending my 100,000 dollars worth of Ethereum to the wrong address and Being completely fucked.
>>28452775You don't
>>28452804Why would that not be true?
>>28452865Fuck I'm gonna have to double my entire wallet then. God damnit.
>>28451986dont forget to fill your taxes + tip americuck
>>28451335>cash out.What is this?
>>28452775>>28452865You borrow against your cryto
You NEVER cash out, because you will be selling your crypto to the U.S. Govt with the bills and a tax-event.Just keep buying and wait a year until there are more merchants that accept crypto. You will be filthy rich and get any car delivered to your door.
>>28452505I've cashed out $7000 in 2016 and $7000 in 2017. Both wires to my bank account. Declared them as property and got taxed like 20%. Since then I haven't cashed out anything and the filing rules have changed. I honestly think you're fine cashing out like $10k a year without declaring it since IRS is probably backed up 50 years.
>>28451335>she
>>28454158You pay taxes on goods purchased with crypto according to the tax code, as that event counts as taking profits. You're going to have to explain where your new car or house came from if they dig into your assets.
>>28451335In hirny
>>28454253They should stop declaring that they own my property.Also lookup longterm capital gains.
cool it with the booba
To add further: In the USA, crypto is treated as property. As a result, all crypto transactions and trades are taxable events. ... As a result, in the USA, trading one cryptocurrency for another is equivalent to selling one asset and buying another. Therefore, a capital gain (or loss) must be recorded and claimed on your taxes.Crypto to crypto is a taxable event in the United States. So swingers literally get the rope. Big daddy government wants to suck every last drop from your gains cock. It's criminal.
>>28451335You don't this is all a minigame.
>>28452666you'll be able to buy it directly with crypto
>>28454172cash out 9999 just to be sure
>>28454437damn so the day of the rope really is coming bobo wasnt just memeing all along
>>28451335>Not posting the webmGuess I’ll have to
>>28454626please explain
>>28452082John Cena
>>28454745please do
>>28454758transfer me 5 bitcoins and I will transfer you housecoin
>>28451335you dont, you can already buy Tesla cars for BitcoinBZB+1
>>28452459at once?
>>28451335set up a front and launder crypto through that.
>>28454745please do x2
>>28451427>BOOBA
anyone else trading crypto for metals?
>>28451335I request a check from the brokers, I get the check in 3-5 business days, then I go to the bank and deposit it in my checking/banking account.
>>28454989That transaction is a capital gain and subject to taxation. Uncle Sam coming for you. Coming for us all....
>>28452577Checked. This is the answer. Buy precious metals with dealers that take crypto. Some times cheaper than a debit/credit transaction.
>>28451555use a blender and youre good.
>>28455226you can do this directlyidk about burgers, the irs is pretty scarybut you can mix btc and just buy silverdon't do that of course haha
>>28454745please do x3
>>28454639Accountant here, not an auditor but coworkers tell me that raises even more red flags than 10k
>>28451601>not financial advice>gives financial advice>oh also you're a zoomer fuck off
im out some to buy precious metals.
>>28452577checked and based
>>28454745do it fgt
>>28454745do it before the thread dies
>>28455507>doing 9999 with transfers, deposits, etc..Can be used to prove intent if done enough. Then the rape happens.
>>28454745there is no webmotherwise post it
>>28452577isn't buying precious metals with crypto a taxable event in the USA?
>>28454745Sir do the needful
Move it all to America's CardroomPost on 2+2 poker forum that you want to swap some funds in ACR for cashWait for response from players with cash on handMeet up, transfer balance on ACR/Player brings CashNo taxman involved
>>28455507yep, cause now you are actively avoiding taxes instead of just forgetting them
>>28451335Sell your crypto on paxful or localbitcoins to people who can't buy it through exchanges.
>>28451601Didn’t u fags lose all ur money in GME already?
>>28454745you fucking faggot POST IT
>>28456131Based bookie
What if I buy MTG cards with crypto and just sell those?
>>28456265Who the fuck actually lost money on GME
women doing borderline gay stuff with each other like sitting on each others lap and spanking each other is the hottest shit ever
>>28456053It's two taxable events. You are selling your crypto for dollars and then spending those dollars for a physical product.
>>28452082Satoshi Nakamoto
>>28452082Hideo Miyagi
>>28456401even if the vendor accepts crypto as payment?
>>28451335Realistically can I move to Zambia and then cash out and live on all my gains without taxes? No way their tax system is integrated enough to detect that kind of shit.
>>28456610Pretty sure no. Because then the vendor would pay taxes when they eventually converted to fiat
>>28451335Alright anon, what you need to do if find people in your local area who will pay cash for your crypto. You send them the crypto they give you cash, no taxman involved there. Fuck withdrawing to your bank because you're giving Jews copious amounts of YOUR gains. Fuck niggers, fuck jews, fuck trannies. Keep your funds, you earned it.
>>28456637You have to pay taxes on shit that you did while you were acting as a citizen of your country. Death and taxes man.I made 110k last year and paid 40% income tax
>>28451335girl is so fine
>>28452667Depends on where you live but the majority of the time its whatever your income is taxed at. Unless you get millions in which case it will be taxed at the highest bracket. The fact that you have to ask this question tells me you will never be cashing out millions though.
>>28456342Somebody's gotta hold the bags.
This is why i dont want to pour more money into crypto. I cant fucking cashout without the government raping my ass to give my money to fucking homeless niggers.can binance just put out a master card or something so we spend directly from out fucking crypto?
>>28456793Then on top of all of your others costs like car and health insurance, food, and housing. You're left with 5k to splurge but wait your kid gets sick and your health insurance won't cover the meds because it's "not apart of your plan".
>>28456909right!
Sup losers, I learned how to cash out.You send a wire transfer to your bank in a Tax Heaven.If asked about capital gains you just claim your gains come from foreign actors so they arent taxable events.Get on my level. I ill be cashing out some millions in March right before the mega dip.
>Sell Crypto X for BTC>Convert BTC to precious metals>convert previous metals to cash in-hand through deals with local pm dealerThat said, OP I would probably hesitate about converting your crypto to metals, or metals to cash. These two things are going to rise together in tandem, not only with inflation but with taxes. Metals are a safe-haven for taxes and are about to become the next super laundry, assuming the feds haven't already caught on.Also: This post is entirely meant for satire. I am neither a qualified legal expert, nor a certified financial adviser. PS: FUCK jannies.
>>28456835>girl
>>28456993What's the minimum that you need to earn to make these "tax haven" deposits actually possible?
>>28456996metals only are worth as much as someone would pay for them. Rather this route soon>Convert Crypto X for BTC>Convert BTC for land/structures
>>28451335that sack!
>>28457117Ask your accountant at your preferred tax heaven.Offshore companies is where the real money is at.
Can i go to thailand and open a bank account after fucking some ladyboys?
Cash out and pay the 15% capital gains tax for my country. Buy land.Simple as.
Glow nigger thread
>>28455987There's a set of 4 pics and a 12 sec webm. I have way too many tbs of thots but I'm looking. Pic not related
>>28457808where is that man penis?
>>28451335>Buy silver coins directly with btc/eth>go to pawn shop>cash out
>>28454253>>28454405>>28454437Just borrow against your crypto
>>28456253u realize paxful and lbc both require kyc now right. it's literally the same as withdrawing it via wire
>>28453067>thinks his government is the only one not corrupt
where is the waifu, if its nsfw post it here anonfiles dot comnigger nigger nigger >>28457808
>>28452082Jor Floi
>>28457808hurry need to coom
You don't.
>>28457808there's no webm you retard.
>>28452082Jason Parser
>>28454745>>28457808alison huber?
>>28451335step 1, don't be retardedstep 2, see step 1
>>28452082I am the danger
>>28451335who is this
>>28452308No
>>28458833>alison huberYep>>28459299
lol he still doesn't get it...he wants to cash out
>>28451874Based non burger
>>28455577tsundure mentality
>>28456909Lol the homeless?Try the dept of defense buddy
>>28456307>Trading commodities for commoditiesWhat is this, the fucking neolithic? Actually brilliant idea, fuck the IRS kikes.
>using deflationary monetary technology of the future to buy worthless pieces of paperngmi
>>28451335You can't
>>2845634290% on WSB. Where OP is from
>>28459387disappointing face
>>28454745>>28457808post it?
>>28457808Source?
>>28454626>>28452697>>28452666>>28454158If you just buy luxury cars or houses with crypto then the IRS might just ping you and go 'How did you afford this on a salary of $wagecu.ck a month? Audit.
You can’t convert play money to real money
>>28457003That man is so fine.
>>28451601It's pumping relative to the dollar.The dollar is king and will remain king zoomer. You won't be able to purchase anything with your dog shit eth with $80 gas fees.
>>28451610If you live in a state like Colorado, gold, silver, and platinum bullion purchases are not taxed at all. And most large retailers now accept a variety of crypto payment options.Do with this information what you will.
>>28461162Some escort, here's another.
>>28451538>You want to be taxed for all your gains?Imagine living in a country where you pay taxes over crypto
>>28463020why would she hang out in a shitty room like that
>>28463752that's her room
>>28463020wayyy too hot to be an escort
>>28451538>Do you want to taxed all your gainsDo you want to go to prison, the government gets their share.Taxation is theft.
>>28463020i can smell the aids on that tranny from here
>>28463752>>28464036The first webm I posted of her is her apartment >>28457808Def not her room in that pic, but she travels a lot.>>28464099100% an escort>I have her agency info >Contacted her and her agency>I have pics no one else hasCan go on, but yes anon, its an escort. Every pic that's been posted on this board of her, all came from me. I have a ton of vids and pics I'll dump at some point here.
>>2845155540 years in prison for 6 millon counts of tax evasion and fraud.
>>28451538>not hiring the best jew tax lawyer you can find to minimize damage
>>28463752TRES WORLDRESWORLD
>>28464476>tranny>>28457808If you say so.
>>28452082vitalik butlerin
The ride never ends.
>>28452082Dusty Gazongas
I cashed out 1 or 2 thousand in 2018-2019 from coinbase, but I never paid any taxes. What's going to happen to me bros.
>>28451765Lol ramsey
>>28451874i like your style
>>28464568post more before the jannies find us
>>28465494Most likely nothing if no one has contacted you. Basically that is chump change and not worth their time to try to get a settlement out of.
>>28451335buy drugs on the darknet and sell them
>>28452082Nelson Mandela
>>28451335I'm buying a car or house -> send to exchange and pay taxes.I'm just paying for day to day expenses -> buy precious metals, sell PMs for cash on craigslist, spend cash
>>28451874based
If you cash out to a stablecoin and hold for a year do you only pay long term capital gains?
>>28451335you dont, you hold forever
>>28451538100% taxesNigga wut
Seems like it is almost time to destroy the IRS forever. When will millenials rise up and take back everything that the boomers have stolen from us? Destroy the world that boomers built.
>>28464587no one is going to extradite you to America for a minor tax charge
>>28452621Why would the bank freak out?
Cash out?
>>28452082Joe Biden
Purchase gold directly with crypto, skip the cash out bank jew
>>28452082Baskin Robbins
>>28456053Not if it’s in a Smokey, sweaty back room using onedimes, a pillowcase and big, BIG handguns for insurance.
set up a llc in the cayman and pay yourself a salary
Make a biz, like CryptoConsult, costs aboot $150. Buy shit for biz with crypto gains, like a lambo. Slap your biz sticker in the window. Tax write off. Work from your house bought with gains, write off. Ezpz
>>28451741Why etherium?
>>28451395>crypto is pumping?relative to fiat yes
>>28468096Because all their money is going to you. They need your money to make money, that's the game
>>28451335use your crypto to buy physical assets, if you can't buy an asset with crypto turn it into fiat then immediately buy what you want"cashing out" to hold fiat is fucking pointless
>>28459812alot of business is still done this way.for pretty much everything that exists.for instance. i saw 2 businesses do a businesses deal/favor type thing.1 business sent a piece of equipment to help the other, and vice versa. equipment aint cheap 10's of grands.they bartered.
I'm cashing out just enough to pay off my house (165k left on a property appraised at 535k)What's the best way to do this?
Just remembered silver purchases isn't taxed in my state.
>>28457888Whats the best way to do this?
>>28469926>interest at all time lows ~3%>pays it off with crypto
>>28451555>be goy>laws apply
>>28451765Dave >Don’t invest>Pay millions of dollars of debt that they’re about forgive>God made losing jewish banks money the #1 sinRamsey
>>28451876Dat da guy who made Nigga Coin?
>>28456909Didn’t they just release Binance Pay?
>>28451874What part of Europe do you live in? The part of ass we fucked? Or the part of ass we saved? Check yourself loud mouth faggot. Developing prosperous countries lmao. Smellin' like rapefugees up in here.
>>28470278Why would I pay 100k in interest to a bank for 270 total loan on 165k when I can just pay it off now
Everyone who's telling you to never cash out are future bag holders.
>>28471587If you think that crypto will gain at a higher rate per year than your mortgage interest rate, you can make more money in the long run by holding your crypto and just making the mortgage payments. That's what he's saying.
>>28471777Kek has spoken. Become a millionaire or hold onto computer money forever.
Here is a list of countries that are tax friendly on crypto currencies, faggot. https://www.google.se/amp/s/decrypt.co/43513/10-countries-that-dont-tax-bitcoin-gains%3famp=1
white women good investment? asking as a brown person
>>28456610Yes, that's a taxable event.Every transaction with a crypto involves a hidden/implicit step of you cashing out to USD, in the eyes of the IRS.BTC -> USDBTC -> (USD) -> ETHBTC -> (USD) -> Pizza
>>28451538>crypto taxheh
>>28451335sauce?
>>28451335>How do you actually cash out?you die
>>28473169It’s already been posted retard
>>28471536>What part of Europe do you live in? The part of ass we fucked? Or the part of ass we saved? Check yourself loud mouth faggot. Developing prosperous countries lmao. Smellin' like rapefugees up in here.
>>28452082Larry
>200+ posts and not one clear defined answer on how to cash out your cryptos to actually buy somethingYikes
>>28454990In a year, and it's a marginal tax so it's 60% over $600k, just like any kind of income
Suddenly those portfolio r8 threads don't seem so intimidating anymore.
>>28471587You can get higher returns even on the stock market than the price of interest.It would be pants on head retarded to not take free money when it is offered. Banks want to be dishing out as many housing loans as possible so they can pump more of that central bank money into assets with higher returns. Housing loans are basically free at the moment.
Here’s what I would do, theoretically. It works as I make enough in my real job that crypto spending wouldn’t really be noticed. I buy a new car? It’s from my “real job”. So here’s what I’d possibly, theoretically do. Most likely not due to risks, but possible.Started by having a friend buy BTC and sending to an anonymous wallet. Only connect to it via vpn. Trade on non-kyc exchanges. Send profits as ether to MetaMask, MetaMask to swap shit coins. She me profits to exchanges like KuCoin or binance (vpn again). Build up stacks. Get crypto friendly debit card. Have sent to anonymous mailbox. Use it to purchase damn near everything. Zero paper trail, zero online trail. Pay taxes on regular income. IRS never bats an eye.
>>28451335>see this thread >haven't made it yet, but it makes me curious >research US crypto tax laws >realize even if I make it, I'll have to pay up to 60% of my gains to the government depending on the state I live in What in the actual fuck? That shit is depressing as fuck.
>>28473220dont call me a retard faggot
>>28469464bartering is a taxable event. The IRS has an entire section on bartering. They really do not want you to make it. For example: Let say you go full chad and decide not to use USD at all, and live everyday having a grand total of $0. You're on the street someone and you meet a business owner who offers to give you food from their business in exchange for your seashells that you collected (because what the fuck else do you have to do, you don't use money). The moment the exchange takes place (e.g seashells for food), you owe taxes to the IRS on the value of the exchange. That's right goy, you can purchase services with non USD but the government will still tax you on the value of the service you acquired in USD.They really do not want you to make it.
>>28474070Typo here, I meant to say you can barter for services and you will still be taxed on the barter.
>>28473932The other variation would be have both a reportable crypto account and an anonymous one. Basically like having two sets of books. Play around like a normie with the reportable one on Coinbase and Kraken, make a little/lose a little then file complete and full taxes on that one. The anonymous one link to crypto debit as above. Just be very very careful not to cross the two or ever access the anon one without vpn
>>28473582>>28473675go back faggot
>>28472205I imagine people like you selling your btc at $400 in 2016 for 100k thinking you've made it.Imagine if you had held. BTC has gone up year on year for A DECADE.Its no longer a bubble, its an institution. Literally too big to not get mainstream adoption.
One word, silver
>>28452082Satoshi
>>28474441Even worse, I'm a newfag.Noted for future reference, bait taker.