Cashing out Bitcoin from Swissquote to TransferWise
- Thread starter Singa
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It depends on your situation. I bought my coins 4 years ago using Binance and if any bank asks for the source of funds I can show them the bank statement to prove the Binance deposit and transactions documents from Binance. If you trade too much and did complicated operations then yes it is going to be hard to explain.
if you just show bank statement with the money in and out of an exchange and provide the trade history that's all they need really to comply with proof of funds.
even if you acquired crypto through staking or mining,︀ it will show on the blockchain being minted by the contract so its even easier.︁
the problem is if you acquire crypto from shady/illegal money/activities or if you lost paper︂ trail of your purchase. even then for this you just need to be a bit︃ creative to make a transaction that wont require proof of funds, its not easy but︄ its not the end of the world either, just need to travel a bit to︅ less stringent jurisdiction really.
what's important is to be aware of this and to plan︆ in advance otherwise your funds will be stuck and just lost really.
even if you acquired crypto through staking or mining,︀ it will show on the blockchain being minted by the contract so its even easier.︁
the problem is if you acquire crypto from shady/illegal money/activities or if you lost paper︂ trail of your purchase. even then for this you just need to be a bit︃ creative to make a transaction that wont require proof of funds, its not easy but︄ its not the end of the world either, just need to travel a bit to︅ less stringent jurisdiction really.
what's important is to be aware of this and to plan︆ in advance otherwise your funds will be stuck and just lost really.
Yes i agree with you both %100
I invest in new startups Coins projects early.. In presale, public sale..
So anyway i will keep yall updated here with my journey, along (With the Directing team of Swissquote documenting it )😀 ^_^ lol
You too share your stories (^_-)
I invest in new startups Coins projects early.. In presale, public sale..
So anyway i will keep yall updated here with my journey, along (With the Directing team of Swissquote documenting it )😀 ^_^ lol
You too share your stories (^_-)
Good News this image from Swissquote website:
If you deposit your crypto from an Exchange within the list they put, you will be fine, you only will be required to provide screenshots of the transaction
😎
So this is doable, you only will send them the transaction from the exchange transactions history...
Love it 🙂
If you deposit your crypto from an Exchange within the list they put, you will be fine, you only will be required to provide screenshots of the transaction
😎
So this is doable, you only will send them the transaction from the exchange transactions history...
Love it 🙂
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