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6387068 No.6387068 [Reply] [Original]

Who here has cashed out 100k plus? What is the easiest way to do it? I just want to pay my tax and have my cash in hand.

>> No.6387093

You cant cash out

>> No.6387175

coiners BTFO

>> No.6387212

>>6387068
You don't want to pay tax. Find a big player who does large volume transaction s local to you(relatively). Put all into BTC and sell to him in one trade or multiple smaller trades, it'll depend on the buyer. If you live in a shit state (read:not coastal) you're going to have a harder time.

Sell for cash or gold or buy something with it otherwise, like a car. Then flip for cash if that's easier.

For the love of God and all that is holy avoid paying taxes at all cost, you'll lose so much money.

>> No.6387277

>>6387068
Look at lykke and figure out the rest.

>> No.6387456
File: 297 KB, 1151x2048, 1513507141137.jpg [View same] [iqdb] [saucenao] [google]
6387456

>>6387068
>What is the easiest way to do it?
1. Move the coins to your buy/sell crypto service (currently using "Anycoin Direct").
2. Send the money to your personal bank account.
3. Pay the taxes.
4. Enjoy.

Source: I am about to put 200€ in.

>> No.6387525

>>6387068
Can someone help me out?

https://pastebin.com/u8G1QZi2

>> No.6387577

>>6387093
Unironically this. Sorry anon

>> No.6387710

I cashed out 3k CAD and haven't filed it.

Under 10k it's pretty much under the radar in my opinion.

If you want to cash out 100k and more, hire an accountant. Dead serious.

Otherwise there is localbitcoin but beware of gov.spies.

Alternatively, buy a car with BTC and sell it back for cash?
Find someone willing to buy face to face

>> No.6387786

>>6387710
>buy lambos with btc
>sell
Hmm, not bad.

>> No.6387826

>>6387710
You used Quadriga right?

You know that if we take out more than 10k we have to file a special form (cant remember the name right now).

>> No.6387830

>>6387456
This

pay your taxes and be happy with the gains you made. Better to be butt fucked by taxes than ass raped by an audit.

>> No.6387873

>>6387068
Who is this semen demon?

>> No.6387904

>>6387826
SAR

>> No.6388028

Under 100k. Probably I'd localmonero that shit.

Over 200k. Probably hold for 12 months and pay tax but with 50% CGT discount.

Or consider buying something expensive in Japan. No GST there for buying with BTC

>> No.6388029

>>6387068
Wait for payfair. It'll be live soon and you can cash out directly on the blockchain.

>> No.6388428

>>6388029
How will this help avoid / reduce taxes?

>> No.6388438
File: 764 KB, 1410x1145, image (1).png [View same] [iqdb] [saucenao] [google]
6388438

>>6387068
Sorry OP

>> No.6388469
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6388469

>>6387068
cashed out 164k. x2 50k and 1x 14k though coinbase. The other 50k through bitonic.nl.

Easy as shit.

>> No.6388675

If you bought a buncha btc a year ago and have been trading what are the odds you can get away with claiming long term capital gains on it instead of as income tax? Obviously youll have more btc than you started with thats the only issue, but Its stupid to pay more than 20% to taxes

>> No.6388795

>>6387212
do you not have to pay taxes when selling gold?
BTC -> gold -> cash seems best option if that's the case

>> No.6388851

>>6388795
Of course you do. He's retarded. Or he meant to hide the gold and cash from the government, which is dumb.

>> No.6389392

>>6387068
>transfer all coins to btc
>transfer btc to coinbase
>sell btc for $
>SEPA transfer to bank account in $15k batches
You have your money in one week

>> No.6389489

>>6388469

This is a lie. You can't cash out. The payment will just get 'lost'.

>> No.6389526

>>6389392
have they limited it to 15k per day?

for me it just says 100k/100k limit (unspent) but no mention of daily caps.. though haven't looked around

>> No.6389791

>>6387068
Use bitflur.com and cash out $2k a day over 2 months

>> No.6389970

>>6389526
Maybe it has to do with your verification tier or location. Mine says limited at €15k

>> No.6390134

I've cashed out 5k
My bank TD Bank doesn't like coinbase so they cancel any transactions through it, so I had to get verified and send the money into paypal, and then from paypal to my bank. Was pretty easy and quick.

>> No.6390157

>>6388795
You can pay taxes on gold as a currency rather than as the value of the gold itself.

The value of 1oz of gold is $1200 or so, but if used as currency it's $20 exactly. You pay like 1/60th amount of tax that way

>> No.6390229
File: 55 KB, 641x702, paypal.jpg [View same] [iqdb] [saucenao] [google]
6390229

>>6390134
Weekly paypal limit says 100k btw.

>> No.6390231

>>6387873
i to would like this information

>> No.6390256

>>6390157
You'd still have to pay taxes on the crypto-to-crypto trades and capital gains. Then you'd be paying even more taxes on gold. Why would anyone do this...

>> No.6390260

>>6387873

madison gordon

>> No.6390561
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6390561

>>6390229
With Anycoin Direct you can sell up to 50000€ every week, and get it directly through SEPA.