Try to cash out more than 100k usd or eur. Even if you want to pay all taxes. Mr Bank man says, the money you made from trading crypto is untraceable, that is too big risk for us to handle. Either send the money back to where it came from, close your accounts, cease your activities or face a real money laundering investigation, with possible result ending your business and placing you on sanction list.
Kraken, bitstamp, coinbase. They are all unregulated.
Find a casino that will trade btc for chips. Gamble. Lose a few percent. Take payout in currency of choice. Pay taxes on gambling wins.
Parker Foster
Op
What if I told you
I already have.
Jason Walker
Ah state of cryptocurrencies at end of 2017, when cashing out from casinos or poker games gives more credibility to origin of the money.
Adam Foster
Sum and banks used, are you a bankman? Of course they would allow their own to "cash out".
Juan Ward
Then fork over your trading history and have a "meeting" with their risk and compliance guys.
should be a sobering course of action always be transparent with your bank. they love transparency
Robert Reyes
imagine being this buttblasted as a nocoiner
Juan Taylor
>wanting to cash out This is supposed to be Internet money you use to purchase stuff. Thats the end game. We should be pushing to get vendors to accept it, not cashing out into fiat only to get cucked on inflation and taxes.
Charles Roberts
My friend chased out $68K in Litecoin last week.
Nice FUD
Dylan Lee
Yeah exactly it is not a meme at all
You fucking cant do it. All banks treat you like a criminal and money launderer
Wyatt Walker
>cash out 3k a month > such a small amount the bank doesn't notice > since I do it monthly it fits a pattern and does not set off any suspicious activity alarms > making 36k a year sitting on my ass plus my normal salary.
Liam Morris
>My friend >68k
Juan Adams
>Take 30 years to cash out a mil
Cameron Ramirez
>trying to cash out 100k >not hiring an accountant and/or tax lawyer to handle that shit for you I'm a brainlet and even I know that's asking to get raped with taxes
Leo Murphy
Not a LARP. Jewish guy at my workplace who invested $4K in June.
Daniel Russell
Tried that
They didnt want to even consider a meeting
Their policy is this, if they suspect money in from cryptotrading, ask customer to cease, or close account
They dont even actually suspect money laundering. Just policy.
Publicly, on their website and media, they allow bitcoin trading.
Lol if i wasnt sad.
Jayden Diaz
Its supposed to be deflationary currency.
What are we supposed to use it for, not coffe, not shopping, not lambos, not real estate? Drugs hookers and camgirls??
Elijah Wood
dude you can buy anything on amazon using purse.io. for everything there is a merchant that accepts bitcoin even new cars. The hardest thing to buy is real estate even there more options are coming up all the time.
The bubble isnt cryptocurrency, the bubble is fiat.
Jacob Rogers
Every single casino game is in favor of the house. You'll lose over 50% doing this.
Robert Turner
>You'll lose over 50% doing this. It is comforting to know that dumber people that me exist.
Robert Sanders
Its not taxes dumbass, and I do have an accountant, the banks treat you like a criminal and you cant touch your money
Lincoln Thomas
It's a sad state of affairs, even if you manage to do they'll still try to fuck you over with taxes as soon as you try to buy something. Have you considered using a forex account to manually trading back to USD and then withdrawing from there?
Dylan Gutierrez
Use BTC to buy gold, sell the gold.
Evan Smith
Do you have any experience btw how much you can transfer to a bank before they start asking millions of questions?
Brandon Allen
how would one even do that without a bank acting as an intermediary?
John Scott
You want to use it for those things, push vendors to accept it. Or even better, create a start up that sells those things in crypto. There'd be a huge market for that, as there's loads of people in crypto that would love to buy stuff without losing money on the cash out via taxes.
I bet you could make a killing selling coffee, food, clothes, and other small items for crypto.
Eli Davis
About 3x times between 10-16k usd/eur a month.
I think the limit is above 60k or 100k for sure will trigger alarms.
Asher Collins
I smell a no coiner, I've cashed out 130k euros this year with no problem. You're pathetic fucking loser now gtfo this board useless fuck.
Brody Johnson
Switch to a better bank.
If they don't want crypto business they'll be left behind and close soon enough anyway. I'm sure some other bank will be happy to handle your money.
Aiden Ortiz
ITT a bunch of homosexual Bcash paid shills. Zzzz fuck off guys. Go peddle your shit to Reddit where they believe it. You and your fucking bosses are cunts. The fact that you would willingly shill away decentralised currency and possibly humanities best chance of escaping TPTB all in the name of greed says everything. You will have to live with this your entire life.
Noah Brooks
>13337 you're not fooling anyone, mr. hax0r.
Jonathan Williams
Selling stuff for crypto also triggers tax.
The law says, when you buy with crypto thats a sale of that crypto and is taxed, the buyer has to pay the tax, if they dont, my business in collecting crypto is facilitating money laundering/tax evasion.
The problem is not taxman, is bankman.
Eventually you have to pay taxes, you have to use a bank account to transfer money you owe to taxman, but the bankman will not let you.
Brandon Davis
Which bank, fidor ey?
Ian Scott
I'll just print it out faggots
Chase Allen
That sucks You need to open like tens of bank accounts to avoid it
Cameron Jones
That's called structuring and will get you locked up faster than any other sketchy method described in this thread
William Gutierrez
i cashed out on bistsamp above 10k eur with no issues.
Jason Sanders
>being this fucking impatient to get one million dollars
Daniel Smith
>Bitstamp >Unregulated
got the approval of several european financial ministers, including tax-haven luxembourg
try again
Jaxson Wright
Now do it 3 or 4 more times in a month
Basically, the limit to "cashing out" is, freedom. If its enough to buy a house or not work for rest of your life. Thats a frozen account.
But they let you be a good consumer and buy cheap shit toys.
Whilst Bitstamp are currently /unregulated/ and do not fall with the scope of the AML/CTF obligations in the UK the
Jackson Brooks
Thats what i did for clothing >d3vur.com
Jeremiah Williams
You play two games, lose $2000 then cash out. They can't stop you.
Xavier Miller
Let this thread be a lesson user
Only solutions provided by bizmen is more shady business shit
Get out before you become a real financial outcast in your own society
Zachary Parker
Have fun with money you can only buy hookers and drugs with faggots
Henry Lewis
>sales on crypto triggers tax That's not a problem. You can charges sales tax and tell the govt they can have their 5% sent in crypto and they can fuck off and deal with conversion losses themselves. Or you can use monero and not deal with any of that altogether.