Make 1.5m off crypto

That's what I'm doing retards... They require proof of income to make sure you're not a drug dealer or child trafficker or some shit if you're paying with cash.

t. no coiner who spends time on biz

>the though he could cash out 1.2mil in America

Boring post

Think of something new

YEAH LOL CAN'T WAIT TO PLAY THOSE MOTHERFUCKING VIDEOGAMES XDDDDDD

If the seller is willing to accept crypto as payment, nothing is stopping him from selling to you.

There's plenty people who will take cash, that guys acting like your money ain't green

Did you do your taxes? If yes, there shouldn't be a problem.

Find a Jewish broker that can find a buyer for you that is willing to accept crypto. Problem solved, no?

>buying a house for 1.2mil

you can buy land and a home anywhere for cheaper.

just rent.

which state? You can buy Arizona land with eth and just pay contractors cash to build you a mansion there

put your job title as investor you fucking retard cretin

>You can buy Arizona land with eth
what

this is whats stopping me from getting into crypto

ya you make all this money but how do you spend it , theirs online stores that take crypto that fine , but how do you pay your rent , get gas for your car , pay bills, buy food

by the normie like you will make it in cryptos there is going to be crypto villas where you can live for 1eth a month

I'm not trying to buy it in crypto. I have cash. But I can't "prove" my income because they don't want to fuck around with crypto trade history I gave them, and I don't have w2 or any of the normie shit they want.

They obviously haven't tried to cash out a decently sized stack.

I simply cash out $10,000 and I get calls from my bank about triggering AML alerts and need to provide "source of income" documents.

Although I'm surprised other banks also ask for "source of income" from the buyer even if it's already in another bank (i.e. already in the system).

Never did try to make a large purchase myself yet.

Ethlots
Google it

I have cashed out 150k and currently can do 100k/week, just through one exchange.

My bank did not contact me about anything for this. What country are you in and what bank?

I am USA and use a small midwest bank.

You thought you could cash out? user ...

>wanting to live in Arizona

Look bro, I work in real estate.

Don't fucking touch your money for two months. No large deposits, no crypto withdrawals. Nothing.

Feel free to use a second checking account with a different bank if you need to. Doesn't matter.

Now tell them you're putting like 80% down and your stupid job at McDonald's will qualify you from a debt to income perspective.

You can't prove continuance of income with crypto gains, my dude.

can you set up your own LLC and just buy sell shit to yourself ?

Why can't you buy the entire thing in cash? Doesn't this apply only to mortgages?

>sweden
>make 1.3M in crypto
>decide to cash out dem sweet as nectar gains
>flap out my cock
>jerk off to bbc porn

OP

If you use Comfree you can deal with the sellers directly and pay cash.

comfree.com/

never actually done this but it might work out for you if you're stuck

>Let me see your articles of incorporation
>Oh you just opened this
>Fuck off, borrower

He cant put down 80% because they cant take crypto money

Just work for a year and make” 1 mill
>patience is a virtue

Dumbass is probably trying to use BoA or Wells...stop trusting jews faggot

You only provide two months bank statements for a mortgage. If you wait two months and have $1m or whatever, nobody cares.

He can put 80% down in two months once he can provide statements showing that the funds have been there for those two months and the large deposits don't show on the actual bank statements.

Why the fuck do you need proof of income if you're buying in cash? Or are you still trying to get a mortgage to buy a bigger house than you need?

>lol that might work with specific credit unions but if OP is normie he’ll get his funds frozen the day he makes a 800k deposit to his jewbank

you don't, this thread is a troll thread

Mortgage LO here in the US. You’re shit out of luck unless you’re going to pay in cash. The only way around this is if you file capital gains on your tax returns and we can use that income after you’ve shown it for 2 years with some consistency and you’re able to prove that you have enough to continue that income for about 3ish more years. YMMV, though, because a lot of lenders will probably look down on crypto even if they see you have a decent enough portfolio to continue an income stream.

TLDR - Just pay for the house in cash

because your cant deposit or withdraw 800k in the land of the free without getting filtered by our jew overlords

>buying a house
>not apartments so you can LARP as a feudal lord collecting taxes from the wagies/serfs

Best part if you can live with mummy and daddy rent free and pretend you're broke

I think you're missing the point, no one will take his money

Just rent until banks learn how to deal with crypto profits

Out of curiosity, has anyone on here actually purchased any substantial real life assets from crypto gains?

Roger Ver spent 100k to buy citizenship in St Kitts.

>Make Self-Directed IRA
>Seed max contributions for 2017, 2018 before Tax day
>create new trading accounts with seed money
>Get mad gains
>(maybe secretly move some money over from another account, this part is risky and you are hoping they don't have the complexity to track you yet)
>Roll crypto into fiat, transmit to your trust
>Create new IRA and fund with enough money for 72(t) distributions. Based off your age and desired income level this can vary widely.
>You now have passive income to show a bank.
For you this plan might take a year to get the numbers. If you get 10K in by April and alledge 10x you gains this year you are sitting on 100k. Do that another year and you have 1m.

I already have my self-directed IRA but moving the money is a bitch. From start to scratch it will take you about a month to get your account set up and then get it funded. But I had to cash out my 401(a).

OP seriously expects to get a million dollar mortgage by saying "I trade shit coins for a living" lmao

...

So did you really think the cant cash out thing was a meme?
Yeah sure you can sell it, but you cant fucking find a bank that accepts the funds...

It has nothing to do with taxes brainlet

>connects bank to exchange
>they accept the funds
hmmm crazy

>makes bank
>stays in the us
ok

(You)

except the bank will freeze your funds and not accept them because they are retarded and scared of being fined by regulators for money laundering violations and since they dont understand crypto their compliance department is unable to verify the source of your funds and they instead treat you like a criminal
to be "compliant" you have to literally be a wagecuck these days. It is fucking sad

So what is it that you dont understand?

nobody requires proof of income for capital gains.
capital gains aren't income, so it's an impossible thing to give.
please stop LARPing

of course it does.
you can't pay tax on illicit money you fucking mong.
if the taxmans satisfied everything's in order there's absolutely no reason a bank or homeowner shouldn't be.

Heh my bank refused to issue me a credit card because I didn't wagecuck at that time. Spotless history and healthy funds. They had no sane reason to refuse except for draconian blanket rules implemented after 2008. Before that shit went down they would have tried to hook me up with one even if I were in crippling debt already. Cunts.

holy fucking shit you are fucking stupid, this has nothing to do with the taxman you absolute retard. It has also nothing to do with capital gains. The banks are regulated and want to know the origin of the money but they are tech-illiterate boomers who are unable to verify crypto trading/mining etc

just so your microscopic brain understands let me give you an example how a money launderer could operate
>sell drugs for bitcoin
>exchange bitcoin for fiat
>send fiat to own bank account
but according to you, if he pays taxes then its totally legit right? mongoloid

I did my taxes and banks were perfectly fine with me putting $300,000 down with a house. OP is just LARPing

Half of this post are retard geez, make more money with that money, open a new shop or resell shit in the internet I don't know it might be one option

well I know he is not, but you just found a really chill bank in that case or you live in some shithole where the banks are not facing strict AML reglations

Would you mind send me 100 bucks for my ps4?

Cash/buy/reginance faggot!

Why even bother us posting this shit if you still need money but have 1.5MM and still have no ide how to work the system!

Move to East Europe, we'll teach you how to fuck them!

FUCK!

>just so your microscopic brain understands let me give you an example how a money launderer could operate
>sell drugs for bitcoin
>exchange bitcoin for fiat
>send fiat to own bank account
>but according to you, if he pays taxes then its totally legit right? mongoloid
Wow, you're retarded. The tax authorities check the source of income, you faggot. They even check every fucking trade.
Who do you think the banks notify when they get a suspicious amounts of money? If the tax authorities are satisfied, the banks should be too.
Also look up how money laundering works because just sending money to your bank account is pretty much the opposite of money laundering.

They are probably to scared to ask because of your melanin deficiency

Pretty sure that if you sell drugs for btc and claim you got the btc from trading it is money laundering...

BRAINLET DETECTED

I think OP is dumb enough to want to go cash -> house instead of cash -> bank -> house.

>he fell for the crypto meme

I cashed out last year to pay off my parents mortgage. As long as taxes have been paid, nobody gives a fuck unless you are a known criminal with a history of money laundering.

At least in switzerland 90% of banks will refuse to even open an account for you

>switzerland
>switzerland

The one country known as the largest offshore tax haven on the face of this planet.

Sure.

>Crypto is cool, because it's not part of the system!

>WAHHH They won't accept crypto as part of the system!

Regulations have started to crack down, that's no longer as true as you think it is

No, it's not. That's simply lying. You'll still have to show your trade history in detail.
Money laundering is done through creating a legitimate income, e.g. by setting up a business, and mixing your illegal money with that clean income in a way that can't be traced back by tax authorities.

Not really a tax haven anymore
and its not like this problem doesnt exist elsewhere
bitcointalk.org/index.php?topic=2362368.0
bitcointalk.org/index.php?topic=264679.0

Yes but the point was that money laundering can be done through crypto, and paying taxes on it does not make it legal

Wait OP this is easy. You can make all that shit for yourself as unemployed. You just have to say you do consulting. I'm not kidding. Say you're a consultant who gives financial advice and make a few paystubs and a W-2 for yourself. It's really not hard to do this.

No, it can't. Tax authorities will want to know where that money comes from. What will you tell them?
You can't say through trading unless you have legitimate records through your exchange.

Consulting. Yes it's lying but this is the world you live in now.

...

What was your original fiat gateway?
Coinbase? Gemini?

Did you mine?

I'm anticipating having this issue as well, but I did all my buys Level 3 verified through GDAX. I'm hoping that showing them these transactions will be sufficient proof that I'm not some sort-of criminal.. but who the fuck knows.

>Holy shit fuck this country (land of the free)
Land of the free where a seller isn't forced to sell you something because you have sketchy income source.

And yeah, for us it's not sketchy but imagine if in 2008 someone was like "yeah im a full time youtuber that's my income"

banks would say gtfo

cashed out through coinbase and gemini. I tried kraken but the same shit, they wanted proof of income to wire money so I withdrew through crypto to gemini who had 0 issues.

>I don't have w2 or any of the normie shit they want.
>I don't have a w2
>haven't payed taxes
>can't prove income

Well no fucking shit they don't want to sell to you, fucking retard. You're smart enough to make 1.5 mil in crypto but not smart enough to buy a house?

sounds like a humblebrag thread

So start your own company and pay yourself a salary, dipshit. Jesus christ I fucking hate you people.

kek

Well, that has nothing to do with crypto. You can do the same with fiat.
You would do it like I said, by creating a legitimate business (consulting agency) and masking illegal income as clean income of that business.
It's not crypto that laundered the money. It's your business.

>but according to you, if he pays taxes then its totally legit right? mongoloid
Yes, you do know the IRS has forms for this, right?

en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States

no, you didn't because you're talking out of your asshole

What a weird country usa is

Question for you specifically. Non crypto related actually.
My girlfriend and I are planning on starting a business and buying a home.
Both 800 credit scores but recently unemployed.
What is the smartest way to acquire large loans?
We have about 100k between us to put down. But can acquire quite a bit more if necessary.
The business is our first priority. It will cost in the neighborhood of 500k.
My question is do we leverage both of our credits apart. Or get married (not why we would get married) and apply together?
Do both of us need active income, or just one?

Yes but the point was that money laundering can be done through FIAT, and paying taxes on it does not make it legal

are you an idiot?

This. Pic related

> no one will take his money

easy, move your cash to a foreign account.
take as many debts as you can, as many loans, even from loan sharks.
try to declare bankrupcy, do not repay a single dollar on any loan

oh now your cash is good huh