How do you cash out big numbers?

I've been in ETH since it was $6 and I've made over a million. How do I take out $100k without going through a major fiat portal?

>sell to people irl
>get fake cash
>buy a coke
>arrested for using fake cash

No idea. No one ever fucking tells you.

>just cash out tiny amounts
>you cant cash out
>why would you cash out
>Just do localbtc, what could go wrong

>open shell company in Cayman Islands in someone elses name.
>get Swiss bank account in name of that company
>transfer all your Eth Holdings to that company
>cash out and use the Swiss debit card to make purchases

Does anyone else think this make sense?

It's not that easy user. I have a lawyer who tells me this is a terrible idea (I thought it was a good idea at first too). I need to find a club of private buyers

Russian mafia that will give u cash for a skeetka. Meaning 15% off the market price

Swiss have dropped bank secret and have agreed to automatic information transfer with usa.
Singapore still has secrecy.

T. Swiss

Way too high

So what do you suggest

what kind of criminal are you. scared of major portals for withdrawing or just want to evade taxes... which will land you in prison for that amount. great plan OP

I've cashed out a few hundred thousand OP. I have trusted friends in countries with essentially no tax burden. I transfer my crypto to their exchanges and local market there and they sell them into their bank account there. They basically provide me online access to their bank account and I use the money as I please. I have given them a couple thousand for the ability to do this but overall almost nothing. That's how I do it.

No having to ever touch my cash, but this method relies on trust. But then again so does dealing with literally any fucking bank.

Mind telling us which countries have no tax burden?

I'm nowhere near being able to cash out anything, but if I ever make it I was planning to purchase as many assets as I could using BTC transactions, just an idea OP.

You're still able to be tracked unless you use something like a tumbler

where do you live OP

For 10 ether I tell you
Post public PGP if you are interested

USA

Lmao shut up you fag

>Wants to cash out
>Doesn't know how to effectively evade taxes
>Expects to get help for free on some random imageboard
Your bad. Now I want 15 eth

I was thinking about doing this. My wife is from Korea and their tax enforcement is a fucking joke compared to the us. If I were to open a bank account there I'd have to file a FACTA form or whatever it's called. I'll just withdraw my shit to her account and spend it with a debit card.

I got a bitpay debit card.

here is what you do if you have any friends overseas: you buy a ticket, go to that tax haven where your friend lives, obviously you don't tell him you have millions. you just say you made 100k. you offer him 5k. he cashes out from the accounts to his name, you take the money, swift it to multiple accounts to your name(idk if this gets you in trouble with tax agencies in your country).
the other solution for usa is localbitcoins i think, I don't know much about that

Buy gold online with BTC. Cash gold in.

> says I'm dumb for asking for advice here
> says I should pay him

Why are you still posting

20 eth

so i have citzenship in a common tax haven in the world and plenty of family there
i should cash out all my friends shit for them and take a cut?

pajeet plz

obviously you should faggot

ok but they swift their money back to their multiple accounts, keeping the totals under 10k, and that's all? no one will come asking questions? seems too easy, frankly

idk man i don't live in the states, you should check it yourself about the amount regarding IRS

Move to Puerto Rico, which is still part of the US but isn't taxed by the feds, and pay 5% tax to the ricans

25 eth
last chance

kek go poo in the loo pajeet

does eth have electrolytes? LOL

By getting arrested, nigger.

I pay 30 ETH pls

Halp

Just pay your taxes useless faggot.

I showed you my ETH answer me

My former stepdad was a smuggler during the weed bull run of the 70-80's in Miami. They'd bring boatfulls of weed from the bahamas, and pay pretty girls to sit on the boats to make it look like they weren't smugglers. He made millions and eventually sold his stake. He bought a house on the river and had a ton of heavy equipment.

The feds were literally digging through his trash at one point. The IRS froze all his bank accounts and he took all the cash he had and left the country. Eventually his lawyer got him a deal and he did 5 years fed time.

Anyway he had a connection in Liechenstein that would come over and bring him cash from his account every six months or so. You can only bring 10k in cash but it's not too tough to get get around with gold and things like that.

Anyway having an illegal bank is probably way better than crypto in the long run.

Eth is going to 3-4K, by the end of the year.

>tfw I don't have to pay tax on crypto but don't have any crypto either

sucks
my central bank said everyone in the country should hold bitcoin in 2015 but not having a good beginner friendly exchange like gdax or coinbase meant not a lot of people got into it.

They report you to the IRS, when you sell gold in large sums. I don't remember the amount.

I'm not gonna name people but an acquaintance of mine is an international tax and audit guy and he recieved a call one day where some guys were sitting on 80-100 mil in appreciation and wanted to cash out on offshore accounts. Long story short, doing that will land you prison time

Post public pgp key encrypted with following key

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What country?

Thats a nice theory, but in practice, the tax man is going to find you if you dont split that into A LOT of accounts.which is a big hassle. Though if your countries capital gains tax is high enough it might be worth doing it.

How about this: pay taxes and live in freedom without fear.

Portugal atm, I can do that for you, for a price obviously. I'm looking for easy money and you're looking to cash out. We can talk over skype

Render unto Caesar's what is Caesar's. If you want fiat, pay the applicable taxes in fiat currency. Don't like it? You're welcome to keep holding ETH indefinitely.

1. open a bank on your name?
2. register a religion/cult?
t.dumb

Tax evasion is an illegal practice where a person, organization or corporation intentionally avoids paying his true tax liability. Those caught evading taxes are generally subject to criminal charges and substantial penalties. To willfully fail to pay taxes is a federal offense under the Internal Revenue Service (IRS) tax code.

so open accounts in singapore/?

OP, if serious, send me a PM.

Come to Portugal for 1 month
Open bank account
Cash out around 5k each day

You already pay enough taxes Bootlicker. Go count up how much you pay on income and when you buy goods and services. It's absurd the totalitarian socialist society we live in. The only things we really need are the military, the police and monopoly prevention watchdogs

Don't you want to live a life without fear? Without worrying that one day you'll have to flee the country?

go away stinky pajeet

>go to law school
>learn tax law
>figure out how best to cash out without paying a penny in tax

Is this a good plan?

fgt

and how would he bring back a million in cash?

Fortunately they can't really do anything if you don't have any assets to 'attach' to. Don't buy a house, the government will steal it. Rent your house yacht and woman using bitcoin directly, or small cashouts. They jail's are packed, and you've got no assets for the tyrant to fine then seize. It's all on the blockchain.

Check lykke, figure out the rest, I don't want to help you further, I've realized you may want to do something not exactly moral and I am moral man fearful of the rule of law.

long term cap gains rate in usa is 15% lel

with a wallet

i buy gift cards and sell them on ebay

"The true man wants two things: danger and play. Thus man wants woman, the most dangerous plaything"

Also man wants to use his abilities to avoid tax as safely as possible. This requires smarts so it's not for everyone.

It's about self respect for me. I would rather die on my feet for the ideals I believe in than live on my knees in fear, as you would choose.

hello fellow libertarian

Perú here, we have a shitty tax control, I can sell on Local Bitcoins and then transfer the money back to you. Also I'll be traveling to the US by the end of the year.

He's always dependent on what the laws are in his country. The source can't be traced back to crypto, it has to be worked in other methods. Maybe western union or some shit. L2play

just hodl till ETH gets back to $6 and you won't owe any taxes

is it only americans that cant have proper offshore accounts? or will switzerland/etc tell other countries about your money too?

I just want to cash out the 100k I've made. If I try this on coinbase will they let me do this or shut my shit down? Also will my bank be pissed? I'm not trying to hide anything and I'm willing to pay the retarded 30% I just want to have 70k legally sitting in my bank account because I can live worry free for at least two years off this.

And what happens when somebody opens an item not received dispute? Since you have no tracking number and paypal is run by jews who have automated everything means that the buyer of your gift card will get his money back and you will lose every time.

are you serious.

coinbase does not give a single fuck. Sell your eth and you will have your 100k.

If you have not already requested, you will have a 3 or 5k dollar daily withdrawl max.

If you start dumping 5k a day into your savings account your bank will definitely freeze you out until you can show them where the money is coming from, so you should go see your local branch manager and explain wtf is happening.

then its fine.

This. Just pay the taxes and stop worrying about it. It's not like you had to do any work for your profits in the first place after all.

If you're really concerned about your tax bill, use the money you get from cashing out to buy some tax sheltered investment and only take out as much cash as you need each year.

Buy gold/silver user

You can buy gold and silver with BTC. Do that and figure it out from there

>people would rather get killed in a back alley or attempt to establish connections with the Russian mafia to sell at 15% under spot than pay 30% on taxes

Know how I know you're larping? Nobody is this retarded. Just sell on coinbase you'll still have 700k of the million.

dude just give away $300,000 lmao! how else will shameeka support for her 15 kids??

Why not just pay taxes?

post natal abortions

Yeah dude way better to spend years selling it two eth at a time on local bitcoins and then keep a mill stashed in your pillowcase cause if you bought a house or lambo with the money or put it in a bank account you would be in federal prison before you could blink.

Just let me tell you your browser history is tracked by your isp
They know you have been into this thing called bitcoin

Convert it to BTC and use an ATM near you.

Not to mention you would fall for an IRS sting way before you sold half of it.

Nobody that actually had a million in eth wouldn't just pay the 300k and live life worry free moron.

Why do people say buy gold/silver? It is considered a commodity and taxable too unless you plan on pawning it and getting shafted on value?

Just hodl until ETH is accepted at grocery stores, gas stations, and hardware stores. Then build your dream house and retire, never having to touch filthy fiat again

Use SALT lending.

whats stopping them from taking all your money

Why do company open shop in NH or Nevada

withdraw money in small increments and immediately go launder it through a casino

if i recall, there are more corporations registered to delaware than residents

Pussy

It’s skidka which means discount, not skeetka wtf

the Picarin islands dont have taxes for shit.
also its free land when u go there.
citizenship can be obtained hassle free in a year.

This is the right answer.

Not true. the Credit Suisse and UBS cases were for Americans, making money in the US and hiding it in Swiss accounts - not internet money that is exchanged and deposited outside the US. People were literally flying cash on airplanes.

I've got a mil in eth.
The plan:
Cash out 30k. Year long cap gains tax reset.
Cash out 30k next year tax free again.
Fukyea

well user, if you aren't larping, put 50ETH in the bank of biz and help your fellow anons. we will hold the wall and buy safely above you and shill so we can all reap dividends from a mass attack with memes.

PoWH powhcoin.com

biz needs to do this and you're the whale we need. start a thread and we will all come together for gains

Or you know... Puerto Rico is doing this thing to entice us citizens that become residents. (Get to keep us citizenship)

comparegoldprices.com

Some online gold dealers accept BTC. If you purchase $10,000 or more at once, it is automatically reported to the IRS. Furthermore, any transactions that look like they are deliberate attempts to evade reporting requirements are also reported to the IRS. Do with this information what you will.

Nothing at all. That's the point. You can only do this with trusted people.

Nothing is stopping your bank from taking all your money either.