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53661212 No.53661212 [Reply] [Original]

How do you NA or specifically leaf fuckers cash out to spendable?
>small to medium amounts
I was using cypto.com card as I could transfer a small amount to the app and sell it then top-up my card but the fees or spread on the app is insane, like 5 dollars hit to sell 50 dollars worth, which cancles out the usefulness of cashing out small amounts to use on card, better solution?
>large amounts
assuming you aren't trading to monero or btc to avoid the taxman that way,
what's the best way to cash out large amounts? Just use the CEX's wire transfer to the most obscure bank account you have and then into tax free savings?
THANK YOU to any anons that help a retard out with this, I won't trust any sources I find on (((google)))

>> No.53662146

>>53661212
sad bump

>> No.53663897
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53663897

why is no one replying to this thread

>> No.53663944

>>53661212
ive never cashed out, but id do it in small amounts to my monzo account. id tell them how much is coming in and when so to mitigate any security checks, id probably use Ramp to bridge my wallet to my account. i would pay the taxes but id never use that wallet again incase ramp decided to fuck me later on.

>> No.53664048

i think the best way to think about it all is treat your bank account as a custodial wallet. you are moving your assets to a new system that allows you to buy physical assets.
you are just bridging your assets to this new system and the fee for doing this is [insert your countries capital gains tax %].
just as your assets are unsafe on an exchange, they are unsafe in your bank account. so don't cash out everything, just enough to do what you need, the rest should stay in inflation hedges.

>> No.53664338
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53664338

i don't know man. but they are really making all of this regulation shit so people stop investing in crypto. imo this will weaken mooncoins and strengthen coin with an actual use case. the time for moonfags has ended, bring out the regulatoors and let the real war between the banking system and crypto begin.
>unrelated pic.

>> No.53664981

>>53661212
have you tried cryptorefills and bitrefill

>> No.53666136

>>53664338
no no no this is good! we need more regulations and less competition because bitcoin isn't working!!
it's not working because bitcoin is too expensive, goyim! we need to regulate it until its costs less.
totally different from saying we want to shut down bitcoin because it's anti globalist.
fuck off shlomo

>> No.53666737

>cash out
>to spendable
do what you can to minimize them but pay your taxes, If you're trading transparent chains you're already fucked if it comes down to an audit. Next time hold a coin that someone might actually be willing to part with goods or services for and then just spend it.

I hate the taxman but you're a fucking retard if you're trying to avoid them right now, fed gov't is HURTING for money.