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Advice Needed: Tax Residency and Banking for Large Crypto Conversion

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What do you⁢ do if you find a great real estate deal but the developer won't take crypto︀ no matter what?
Not to mention that some countries actually want some money to go︁ through the banking system for the deal to be valid. You actually have to bring︂ the payment invoice to the notary.
Both happened to me personally.
 
PinkCat said:
PinkCat said:
What do you do if you find a great real estate deal but the developer won't take crypto no matter what?
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A motivated seller will take everything. If for some reason it is not possible and I really want it, I use some quick conversion solution.
PinkCat said:
PinkCat said:
Not to mention that some countries actually want some money to go through the banking system for the deal to be valid.
Click to expand...
Click to expand...
Never saw any such country, and if I do I will quickly run far from it.
PinkCat said:
PinkCat said:
You actually have to bring the payment invoice to the notary.
Both happened to me personally.
Click to expand...
Click to expand...
Either you found a stupid notary or a stupid country.
It happened to me that the notary made such request, I just switched to another notary.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 
I have a friend in a similar situation, he wants a crypto off-ramp together with‌ tax residency. He is working with a firm in Bali to set up a local‍ company, visas, banking, crypto accounts, and tax residency to benefit from Indonesia's low taxes on⁠ crypto transactions 0.1%. Expect a lot of KYC, AML and this works only for people⁤ with legitimate earnings. Anything fishy and this setup will not work. I can probably get⁣ a good feedback in about 1 to 2 months time when everything is operational.
 
Simple. Bitcoin was roaming around <10-15K, (can't remember exactly), and I asked a question‍ on Mentor Gold; if my memory serves me right, it was a back-and-forth with several⁠ OGs on here, browbeating me to swap my excess USDT (and some other crypto and⁤ some cash) to Bitcoin. I finally understood their arguments and did it. It's as simple⁣ as that!
No miracles. No inside info. Just went all in! 😉
 
I am NEVER EVER making this mistake again!‌

I have secured several serious "privileged" business people to whom I give my cryptos, and‍ in return, they give me cash....if I need it.

I should have listened to @JohnnyDoe , @wellington , @JackAlabama , @cryptofriendly, and a few others here on OCT!

I literally had to go into BEAST mode to get my cryptos back, and that is⁠ AFTER I went to the regulating body personally and then the cops. I laid the⁤ groundwork to show up later at the "exchanges" with bad and evil intentions!

Of course,⁣ YMMV!

PS. I am now ONLY looking to on-ramp!

PSS. I'll go into details with⁢ proof if any of you want to know why I went batsh1t crazy on these︀ "thieves with neckties under the ruse of exchanges."
 
Would you share with us which exchange was that︂ so we can avoid the same issue?
 
I will DM the name to you because I‍ signed a non-disclosure agreement that I will NOT badmouth them publicly, but I reserve the⁠ right to tell people I have a financial interest in NOT using them.
 
You are 100% right!
I f*cked up on that one! stupi#21
I had them on a‍ video and audio recording, agreeing to what I wanted. I had notarized written agreements, lawyers⁠ as witnesses, and yet they tried to pull a fast one.
I dumped the lawyers⁤ and went the way of the penitentiary rec yard! Once the "owners" realized that the⁣ penitentiary would be just another vacation for me once more...they coughed up every single penny⁢ and the cost of my expenses.

They are ALL a bunch of f*ckers! Now, I︀ am trying to figure out: Who is worse, bank monkeys or crypto monkeys? 🙄
 
Yep! You have mentioned this‌ about your company!
I just got dragged in by an unsuspecting and innocent client. stupi#21
It was OUTSIDE my client's circle of competence, so I should have NEVER given it a‍ second thought! stupi#21

Won't happen again!
I'm trying to get here where you, @JohnnyDoe, and a few others⁠ here on OCT are. I'm starting to get too pissed off by these grifters disguised⁤ as financial professionals! This is NOT good for my health...or liberty. damn_(
 
I suspected this based on your writing.‍ I just started reading Mastering Ethereum (again, I didn't finish it last time because I⁠ had met VB in Zug, and something about him made me feel uncomfortable. I may⁤ be just plain wrong about the guy...)

Let me finish reading it to ask intelligent⁣ (quasi-intelligent, in my casesmi(&%) questions.

I'll revert back to you! 😉
 
DM me the⁠ name as well pls., it's always good to know what obstacles may get thrown in⁤ the way.
 
Recommendations here:
1) tip: spend crypto via credit cards with balances in crypto
PROBLEM: makes‌ your wallet associated with your physical location : a security risk
PROBLEM2: typically bad conversion‍ rate if BTC to USD or bad forex rate for any other currency
2) tip:⁠ use stables
PROBLEM: they have the same mechanisms to freeze your USDT/USDC as banks do,⁤ but if something were to happen to Tether who are unable to demonstrate their 1:1⁣ backing, you may discover their coins is not even backed by the "worthless fiat"
3) tip: keep looking for a seller of real estate who will accept crypto until you⁢ find one
PROBLEM: you typically will find bad deals only. If a real estate deal︀ is truly good, you have to beg the seller (and they dictate the conditions), not︁ the other way around
 
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