How to cashout crypto the right way?

[theonefehrgas]

I know this have been asked a hundred times already but I don't want to mess things up and make sure I'll do everything right.
I have some great amount in crypto laying around (2m euros+) and I want to cash it out slowly, like 100k-300k per year and invest further. I'm unsure if I should take out one mil and invest anywhere else? Like PMs? Okay sorry that is not the intent of this post.

I need around 5-10k per month to live off (rent, car and 1k to savings which I invest in ETFs immediately) and I'd like to get like 20-50k per year occasionally for larger purchases.
The problem is, I'm a student and I can't explain that income? I need an story around this. I need to prove to bank, I need to prove even to my accountant as my country is very strict when it comes to money laundering (eu country).

I've though off making an agency, mixxing in some fake email communication, some real looking customers ( paypal payments from dark paypal accounts from individuals and making anything look legit?


But to get finally clean more than 2k per month I'd open a company with darks and invoice myself? Am I overthinking? Could I just sell an online ebook and buy it from myself with three of four paypals per month and launder 5k easily this way? I'd always mix methods and bring in something new, like flipping domains and sell to myself?

 

[DavidS]

Why do you need darks?

Why not register tax residency in another country to get a golden VISA in 0% capital gains tax country and cash out your crypto there with 0% tax?

 

[DavidS]

Why do you need darks?

Why not register tax residency in another country ot get a golden VISA in 0% capital gains tax country and cash out your crypto there with 0% tax?

The problem is, I'm a student and I can't explain that income?
Click to expand...

Just say when you brought your Bitcoin. What is the problem?

 

[Fred]

theonefehrgas said:
I know this have been asked a hundred times already but I don't want to mess things up and make sure I'll do everything right.
I have some great amount in crypto laying around (2m euros+) and I want to cash it out slowly, like 100k-300k per year and invest further. I'm unsure if I should take out one mil and invest anywhere else? Like PMs? Okay sorry that is not the intent of this post.

I need around 5-10k per month to live off (rent, car and 1k to savings which I invest in ETFs immediately) and I'd like to get like 20-50k per year occasionally for larger purchases.
The problem is, I'm a student and I can't explain that income? I need an story around this. I need to prove to bank, I need to prove even to my accountant as my country is very strict when it comes to money laundering (eu country).

I've though off making an agency, mixxing in some fake email communication, some real looking customers ( paypal payments from dark paypal accounts from individuals and making anything look legit?


But to get finally clean more than 2k per month I'd open a company with darks and invoice myself? Am I overthinking? Could I just sell an online ebook and buy it from myself with three of four paypals per month and launder 5k easily this way? I'd always mix methods and bring in something new, like flipping domains and sell to myself?
Click to expand...

For significant amount of money in Crypto it's affordable to setup a Dubai company together with 2-3 business bank accounts in local retail banks within the UAE.
We have established some good working schemes that the Crypto funds looking like business earnings. The key is that the whole process of the setup is done right. Starting with matching business plan over to the right choice of business license and working with the right banks is the way to go.

As the UAE lifestyle and the "average joe" is a little bit different in Dubai - there are no questions about 1.000.000 EUR transfers.
The sums you plan to move from Crypto need to fit the economy and society of the chosen country.
Things changing fast so better go with a long lasting and reliable setup to gain significant wealth and not loosing money to bulls**t banks in Belize or Dominica.

Think big - after the cash out with the Dubai Company setup you make appointments with big Banks located in the DIFC here in Dubai. Starting from 1-2m+ they will be happy to onboard you. Next step is getting into some passive managed ETF's like other users here suggesting all the time and enjoying life.

That's the way how to build serious wealth and build a professional portfolio with private banks.

If you just want to cash out 2k/month for daily living expenses you can get a ADV cash visa debit card but that's not the way to cash out your significant holdings and start planning your wealth even if you are now student.

Toggle signature

 

[DavidS]

Fred said:
For significant amount of money in Crypto it's affordable to setup a Dubai company together with 2-3 business bank accounts in local retail banks within the UAE.
We have established some good working schemes that the Crypto funds looking like business earnings. The key is that the whole process of the setup is done right. Starting with matching business plan over to the right choice of business license and working with the right banks is the way to go.

As the UAE lifestyle and the "average joe" is a little bit different in Dubai - there are no questions about 1.000.000 EUR transfers.
The sums you plan to move from Crypto need to fit the economy and society of the chosen country.
Things changing fast so better go with a long lasting and reliable setup to gain significant wealth and not loosing money to bulls**t banks in Belize or Dominica.

Think big - after the cash out with the Dubai Company setup you make appointments with big Banks located in the DIFC here in Dubai. Starting from 1-2m+ they will be happy to onboard you. Next step is getting into some passive managed ETF's like other users here suggesting all the time and enjoying life.

That's the way how to build serious wealth and build a professional portfolio with private banks.

If you just want to cash out 2k/month for daily living expenses you can get a ADV cash visa debit card but that's not the way to cash out your significant holdings and start planning your wealth even if you are now student.
Click to expand...

If one hasn't cashed out their crypto yet, what benefits they have using a UAE Dubai company setup vs just getting tax residency and golden visa citizenship in super low tax country and cashing out crypto there as physical person and paying little to no tax?

 

[Fred]

DavidS said:
If one hasn't cashed out their crypto yet, what benefits they have using a UAE Dubai company setup vs just getting tax residency and golden visa citizenship in super low tax country and cashing out crypto there as physical person and paying little to no tax?
Click to expand...

You can cover the cash out as business earnings of the company as business earnings are not limited and the proof of funds is super easy.

Don't forget it you cash out in the millions every new bank you want to work with asks for proof of funds. Nothing is better then mention high salary of a Dubai company you setup and worked there as Managing Director.

The Dubai Company comes with a residence visa that grants you zero tax. So it's super easy to obtain and very affordable. Much less then the zero tax citizenship or golden visa programs out there. Plus cashing out millions as private person will always rais questions and red flags and you limit yourself to banks that accept your crypto cash out proof of funds. As you know that's not that easy.

So just setup your Dubai Company cover the cash out as business earnings with workarounds we provide, pay you the earnings as salary with the amounts you mentioned and after received few millions in salary you can have a conversation with the privat banks in the DIFC here in Dubai.

I see that many people facing your current situation and even if they get something cashed out they will face huge troubles afterwards getting serious banking with the big ones like UBS.

Toggle signature

 

[theonefehrgas]

DavidS said:
Why do you need darks?

Why not register tax residency in another country to get a golden VISA in 0% capital gains tax country and cash out your crypto there with 0% tax?
Click to expand...

DavidS said:
Why do you need darks?

Why not register tax residency in another country ot get a golden VISA in 0% capital gains tax country and cash out your crypto there with 0% tax?


Just say when you brought your Bitcoin. What is the problem?
Click to expand...

I want to be anonymous, I don't think it is possible to register tax residency outside of my country while I'm earning the money from here.
I also can not declare from where I've got the Bitcoins, so I need to cover them and make them look like usual business.
Therefore I've thought of using Darks to open up UK LTD, open up local company and invoice the UK LTD, even there will be money laundering investigations, they need to prove I've laundered the money and not me! With Darks it would be impossible for them, that is what I have thought.

Fred said:
For significant amount of money in Crypto it's affordable to setup a Dubai company together with 2-3 business bank accounts in local retail banks within the UAE.
We have established some good working schemes that the Crypto funds looking like business earnings. The key is that the whole process of the setup is done right. Starting with matching business plan over to the right choice of business license and working with the right banks is the way to go.

As the UAE lifestyle and the "average joe" is a little bit different in Dubai - there are no questions about 1.000.000 EUR transfers.
The sums you plan to move from Crypto need to fit the economy and society of the chosen country.
Things changing fast so better go with a long lasting and reliable setup to gain significant wealth and not loosing money to bulls**t banks in Belize or Dominica.

Think big - after the cash out with the Dubai Company setup you make appointments with big Banks located in the DIFC here in Dubai. Starting from 1-2m+ they will be happy to onboard you. Next step is getting into some passive managed ETF's like other users here suggesting all the time and enjoying life.

That's the way how to build serious wealth and build a professional portfolio with private banks.

If you just want to cash out 2k/month for daily living expenses you can get a ADV cash visa debit card but that's not the way to cash out your significant holdings and start planning your wealth even if you are now student.
Click to expand...

Yes that's the way I'd go for future wealth, building wealth over things like ETFs and therefore I need an good game plan and I simplay can't afford to get jailed because I was cheap. I also need an story in my country, as I need some earnings here to declare I can not live off ADV Cash debit card as I need to pay things like rent and anything via Bank transfer that is why I need some serious story and better a local company so I keep paying high taxes but in the meantime I'll build with within the UAE.

Fred said:
You can cover the cash out as business earnings of the company as business earnings are not limited and the proof of funds is super easy.

Don't forget it you cash out in the millions every new bank you want to work with asks for proof of funds. Nothing is better then mention high salary of a Dubai company you setup and worked there as Managing Director.

The Dubai Company comes with a residence visa that grants you zero tax. So it's super easy to obtain and very affordable. Much less then the zero tax citizenship or golden visa programs out there. Plus cashing out millions as private person will always rais questions and red flags and you limit yourself to banks that accept your crypto cash out proof of funds. As you know that's not that easy.

So just setup your Dubai Company cover the cash out as business earnings with workarounds we provide, pay you the earnings as salary with the amounts you mentioned and after received few millions in salary you can have a conversation with the privat banks in the DIFC here in Dubai.

I see that many people facing your current situation and even if they get something cashed out they will face huge troubles afterwards getting serious banking with the big ones like UBS.
Click to expand...

Can I contact you to have some further detailled conversations? There are much things which are unclear from my perspective. I can't just go with the UAE route as I'd need some company here in my country, to have 5k per month coming in clean per month so I can pay taxes.

I'm also very afraid of the UAE will report my earnings and everything in the future to my home country, they do not now but who guarantee they won't in the future? For earning millions and paying little to zero tax in my country will get me jailed sooner than I can look.
As said I'm a student and I need a story, it looks so complicated to me

Last edited: Feb 19, 2021

 

[Fred]

theonefehrgas said:
I want to be anonymous, I don't think it is possible to register tax residency outside of my country while I'm earning the money from here.
I also can not declare from where I've got the Bitcoins, so I need to cover them and make them look like usual business.
Therefore I've thought of using Darks to open up UK LTD, open up local company and invoice the UK LTD, even there will be money laundering investigations, they need to prove I've laundered the money and not me! With Darks it would be impossible for them, that is what I have thought.



Yes that's the way I'd go for future wealth, building wealth over things like ETFs and therefore I need an good game plan and I simplay can't afford to get jailed because I was cheap. I also need an story in my country, as I need some earnings here to declare I can not live off ADV Cash debit card as I need to pay things like rent and anything via Bank transfer that is why I need some serious story and better a local company so I keep paying high taxes but in the meantime I'll build with within the UAE.



Can I contact you to have some further detailled conversations? There are much things which are unclear from my perspective. I can't just go with the UAE route as I'd need some company here in my country, to have 5k per month coming in clean per month so I can pay taxes.

I'm also very afraid of the UAE will report my earnings and everything in the future to my home country, they do not now but who guarantee they won't in the future? For earning millions and paying little to zero tax in my country will get me jailed sooner than I can look.
As said I'm a student and I need a story, it looks so complicated to me
Click to expand...

Send you PM.

Toggle signature

 

[DavidS]

Fred said:
You can cover the cash out as business earnings of the company as business earnings are not limited and the proof of funds is super easy.
Click to expand...

But if your crypto purchases are legitimate, what are the benefits of masquerading your crypto holdings cash outs as business earnings? Seems like unnecessary adding of potential risk if someone finds out. I must be missing something..

Don't forget it you cash out in the millions every new bank you want to work with asks for proof of funds. Nothing is better then mention high salary of a Dubai company you setup and worked there as Managing Director.
Click to expand...

Again, if you bought crypto early and just want to cash out, then what is the problem showing proof of purchase back in... I don't know, 2012?
Where is the issue?

Plus cashing out millions as private person will always rais questions and red flags and you limit yourself to banks that accept your crypto cash out proof of funds.
Click to expand...

But if crypto is legally bought and you have proof of purchases back in the day, is this a problem?
I'm trying to understand what are the benefits of cashing out crypto under a UAE company vs just getting golden visa or tax residency as an individual in tax efficient country and cashing out there as individual?

I want to be anonymous, I don't think it is possible to register tax residency outside of my country while I'm earning the money from here.
Click to expand...

Gotcha! In your case it seems there is something to hide.
Which is ok, that is why people need such a forum.
Have you thought about the fact that even if you create a company you will still not be anonymous? With CRS (Common Reporting Standard), you, as beneficiary owner, will be reported to your original residency / jurisdiction. Unless you create the company in no-CRS country, which are few and risky. I guess that is why darks might be an answer. But you will eventually want to cash out and transfer sums to your accounts. So the trail will still lead back to you if there is an investigation.

Just got an idea: what if one was to transfer BTC to Monero, then transfer that Monero back to BTC so its untraceable, then somehow claim you bought Bitcoin early and are cashing out as early holder now? OR use that bitcoin to make direct barter purchases for real estate, property, etc...?

theonefehrgas said:
I'm also very afraid of the UAE will report my earnings and everything in the future to my home country, they do not now but who guarantee they won't in the future? For earning millions and paying little to zero tax in my country will get me jailed sooner than I can look.
Click to expand...

I think they will report as per CRS. And good luck registering in UAE with "darks". So you will not be anonymous. If you want to be anonymous, you have to figure out a way to convert BTC-> XMR -> BTC and then explain that BTC. Maybe you can set up an etsy store or website and have people "donate" you in crypto. Remember that Breaking Bad episode 😀 ?

 

[theonefehrgas]

Hello David,



yes there is something in this whole thing which I really need this to be anonymous and plausible as possible so no kind of investigation will be started on the origin of my crypto earnings, I surely know how to make the BTC clean with Monero and everything but at the end I don't even want that anyone knows that I've gotten some cash with crypto as it will always lead to suspicion, trying to keep it as clean as possible so they won't even look further into my business.



I'll try to keep it slowly so I won't rush into things especially with international organization setups, for example the UAE company.

To start my business I've thought of opening the usual marketing agency company for digital goods and sell them to me, like I'll maybe make something like an ebook and buy it on a store with cards which I can load with BTC. This way I should be able to easily launder 4-8k per month if I'm right? Starting slowly and increase the spend over time and make it look like I'm delivering value. I know I make this very complicated but it is a must in my industry.



What do you guys think of this? The crypto EMIs (ADVCash for example) I'll open with Darks for sure. I do know many many ways to get paid online and make it look legimately, the main problem is having multiple ways to get cards, different providers, mix in some small crypto transactions, mix in some paypal payments and I should be able to launder 10k per month and have story behind it.

Later on I'll think of going to UAE and setup a structure there.

 

[Fred]

DavidS said:
But if your crypto purchases are legitimate, what are the benefits of masquerading your crypto holdings cash outs as business earnings? Seems like unnecessary adding of potential risk if someone finds out. I must be missing something..


Again, if you bought crypto early and just want to cash out, then what is the problem showing proof of purchase back in... I don't know, 2012?
Where is the issue?


But if crypto is legally bought and you have proof of purchases back in the day, is this a problem?
I'm trying to understand what are the benefits of cashing out crypto under a UAE company vs just getting golden visa or tax residency as an individual in tax efficient country and cashing out there as individual?

Gotcha! In your case it seems there is something to hide.
Which is ok, that is why people need such a forum.
Have you thought about the fact that even if you create a company you will still not be anonymous? With CRS (Common Reporting Standard), you, as beneficiary owner, will be reported to your original residency / jurisdiction. Unless you create the company in no-CRS country, which are few and risky. I guess that is why darks might be an answer. But you will eventually want to cash out and transfer sums to your accounts. So the trail will still lead back to you if there is an investigation.

Just got an idea: what if one was to transfer BTC to Monero, then transfer that Monero back to BTC so its untraceable, then somehow claim you bought Bitcoin early and are cashing out as early holder now? OR use that bitcoin to make direct barter purchases for real estate, property, etc...?

I think they will report as per CRS. And good luck registering in UAE with "darks". So you will not be anonymous. If you want to be anonymous, you have to figure out a way to convert BTC-> XMR -> BTC and then explain that BTC. Maybe you can set up an etsy store or website and have people "donate" you in crypto. Remember that Breaking Bad episode 😀 ?
Click to expand...

When it comes to retail banks it's just to much headache to provide them with all the documents and explaining to them. Always remember as soon as the compliance doesn't understand your proof of funds they simply reject your funds before they dig deeper because it's simply not worth for them if the earn from you on average 50€ per month.

Of course you can always go with so called crypto friendly bank and overpay for everything. I mean you even don't have to mask really something you just have to go with a smaller decent exchange that isn't that much in the common sense like Coinbase.

Plus many people are thinking they have some proof of funds but transfered the coins forth and back so even so called crypto friendly private banks in Switzerland need months to verify you and reject you at the end of the day.

Always remember we talk about 7/8 figure cashouts and when it comes to this amounts you really won't the headache if you can have it much more easy.

We have currently many clients that are in there early 20s with 100+ Bitcoin and it's much more simple to sell the story to the banks that the young people are doing very well online business then mention that they bought Bitcoin 5 years ago. Even when they did lot of trading or purchased with a exchange that is no longer around.

Believe me I tried it myself and it was a pain in the a*s with 7 figures and at the end of the day it was rejected without the any reason simply because the bank was to lazy to dig deeper.

Toggle signature

 

[DavidS]

theonefehrgas said:
To start my business I've thought of opening the usual marketing agency company for digital goods and sell them to me, like I'll maybe make something like an ebook and buy it on a store with cards which I can load with BTC. This way I should be able to easily launder 4-8k per month if I'm right? Starting slowly and increase the spend over time and make it look like I'm delivering value. I know I make this very complicated but it is a must in my industry.
Click to expand...

Careful with this. Recently a German guy on 4chan biz wrote about doing what you said "selling .pdfs for crypto" and got raided a few weeks later.

When it comes to retail banks it's just to much headache to provide them with all the documents and explaining to them. Always remember as soon as the compliance doesn't understand your proof of funds they simply reject your funds before they dig deeper because it's simply not worth for them if the earn from you on average 50€ per month.
Click to expand...

"Headache" seems rather vague. If the funds are legitimate and you bought Bitcoin and sold now, many banks would accept it. It is only a headache if funds are from crime or illegal proceedings. Secondly, if your crypto is legit, then creating fake invoices would only expose you to unnecessary fraud risk.

In first case you are just avoiding tax. In second case you are avoiding tax + committing fraud.

Of course if you have illegitimate crypto, which seems to be the case, then you need to "clean" it somehow in which case some structure would make sense.

Of course you can always go with so called crypto friendly bank and overpay for everything. I mean you even don't have to mask really something you just have to go with a smaller decent exchange that isn't that much in the common sense like Coinbase.
Click to expand...

What would you "overpay" them on specifically? The account maintenance fees?

Also, here is another crazy thought for OP.
Have you thought about cashing out into stable coins, then getting a Binance card and just spending the money from card?

Plus many people are thinking they have some proof of funds but transfered the coins forth and back so even so called crypto friendly private banks in Switzerland need months to verify you and reject you at the end of the day.
Click to expand...

Know a crypto guy who just spoke with crypto friendly bank in Switzerland and proving documents and information to them, he was accepted. It isn't really not that much of an issue, especially in 2021, when richest man in world is promoting Bitcoin and Fortune500 companies are putting Bitcoin on their balance sheets.

Again, under condition that IT IS CLEAN BITCOIN.

Always remember we talk about 7/8 figure cashouts and when it comes to this amounts you really won't the headache if you can have it much more easy.
Click to expand...

Depending if crypto is clean or not.
Clean crypto = just cash it out to Swissbank / broker.
Dirty crypto = yeah you need convoluted structures.

We have currently many clients that are in there early 20s with 100+ Bitcoin and it's much more simple to sell the story to the banks that the young people are doing very well online business then mention that they bought Bitcoin 5 years ago. Even when they did lot of trading or purchased with a exchange that is no longer around.
Click to expand...

I just don't see how "selling to a bank" information that they are doing well on online business is worth it when in reality is is fraud and possibly could be punishable by jailtime if they could just talk with a few more banks and find a "crypto friendly" bank.

It's literally adding complexion and risk where there is no need.
Again, under assumption that the crypto is clean.

I know many people who cashed out their early coins just fine in US, Swiss banks and brokers all over the world.

There is chain-analysis which would show if bitcoin is tainted anyway and almost all reputable credit institutions that are dealing with it nowdays are using chain-analysis.

Believe me I tried it myself and it was a pain in the a*s with 7 figures and at the end of the day it was rejected without the any reason simply because the bank was to lazy to dig deeper.
Click to expand...

Ok, but you can always try another bank instead of creating a complex fraudulent scheme with fake invoices that is potentially going to get one in tons of legal trouble.

 

[theonefehrgas]

DavidS said:
Careful with this. Recently a German guy on 4chan biz wrote about doing what you said "selling .pdfs for crypto" and got raided a few weeks later.



"Headache" seems rather vague. If the funds are legitimate and you bought Bitcoin and sold now, many banks would accept it. It is only a headache if funds are from crime or illegal proceedings. Secondly, if your crypto is legit, then creating fake invoices would only expose you to unnecessary fraud risk.

In first case you are just avoiding tax. In second case you are avoiding tax + committing fraud.

Of course if you have illegitimate crypto, which seems to be the case, then you need to "clean" it somehow in which case some structure would make sense.


What would you "overpay" them on specifically? The account maintenance fees?

Also, here is another crazy thought for OP.
Have you thought about cashing out into stable coins, then getting a Binance card and just spending the money from card?


Know a crypto guy who just spoke with crypto friendly bank in Switzerland and proving documents and information to them, he was accepted. It isn't really not that much of an issue, especially in 2021, when richest man in world is promoting Bitcoin and Fortune500 companies are putting Bitcoin on their balance sheets.

Again, under condition that IT IS CLEAN BITCOIN.


Depending if crypto is clean or not.
Clean crypto = just cash it out to Swissbank / broker.
Dirty crypto = yeah you need convoluted structures.


I just don't see how "selling to a bank" information that they are doing well on online business is worth it when in reality is is fraud and possibly could be punishable by jailtime if they could just talk with a few more banks and find a "crypto friendly" bank.

It's literally adding complexion and risk where there is no need.
Again, under assumption that the crypto is clean.

I know many people who cashed out their early coins just fine in US, Swiss banks and brokers all over the world.

There is chain-analysis which would show if bitcoin is tainted anyway and almost all reputable credit institutions that are dealing with it nowdays are using chain-analysis.


Ok, but you can always try another bank instead of creating a complex fraudulent scheme with fake invoices that is potentially going to get one in tons of legal trouble.
Click to expand...

For sure I wouldn't sell it for crypto, I'd make it look really legit and fund some paypals, buy some ccs to go shopping in my store. I'd setup a complex system so the trade can not be traced back to crypto.

For sure the crypto is from a source, which I can not declare. That is why I need this s**t to be complicated as I would face some serious trouble if investigation is started on the origin of my crypto.

To get the ball rolling what do you think of opening an company in my home country and have everything paid online for paypal and via cc through a gateway? I'd make it look like I'm really selling services. Later on I'd may move to the UAE but at first I'd try to keep it slow.

 

[Fred]

DavidS said:
Careful with this. Recently a German guy on 4chan biz wrote about doing what you said "selling .pdfs for crypto" and got raided a few weeks later.



"Headache" seems rather vague. If the funds are legitimate and you bought Bitcoin and sold now, many banks would accept it. It is only a headache if funds are from crime or illegal proceedings. Secondly, if your crypto is legit, then creating fake invoices would only expose you to unnecessary fraud risk.

In first case you are just avoiding tax. In second case you are avoiding tax + committing fraud.

Of course if you have illegitimate crypto, which seems to be the case, then you need to "clean" it somehow in which case some structure would make sense.


What would you "overpay" them on specifically? The account maintenance fees?

Also, here is another crazy thought for OP.
Have you thought about cashing out into stable coins, then getting a Binance card and just spending the money from card?


Know a crypto guy who just spoke with crypto friendly bank in Switzerland and proving documents and information to them, he was accepted. It isn't really not that much of an issue, especially in 2021, when richest man in world is promoting Bitcoin and Fortune500 companies are putting Bitcoin on their balance sheets.

Again, under condition that IT IS CLEAN BITCOIN.


Depending if crypto is clean or not.
Clean crypto = just cash it out to Swissbank / broker.
Dirty crypto = yeah you need convoluted structures.


I just don't see how "selling to a bank" information that they are doing well on online business is worth it when in reality is is fraud and possibly could be punishable by jailtime if they could just talk with a few more banks and find a "crypto friendly" bank.

It's literally adding complexion and risk where there is no need.
Again, under assumption that the crypto is clean.

I know many people who cashed out their early coins just fine in US, Swiss banks and brokers all over the world.

There is chain-analysis which would show if bitcoin is tainted anyway and almost all reputable credit institutions that are dealing with it nowdays are using chain-analysis.


Ok, but you can always try another bank instead of creating a complex fraudulent scheme with fake invoices that is potentially going to get one in tons of legal trouble.
Click to expand...

Did you already cashed out 7 figures with normal retail bank that doesn't understand crypto at all?

Again I'm talking about practice experience not plain theory.

No offense at all 3 years back in the last bull market I had the same thoughts like you and was proven wrong.

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[DavidS]

Fred said:
Did you already cashed out 7 figures with normal retail bank that doesn't understand crypto at all?
Click to expand...

Yes, and did not have issues after filling KYC/AML documents.

 

[Fred]

DavidS said:
Yes, and did not have issues after filling KYC/AML documents.
Click to expand...

Then please share the bank name, as well as your passport and residence so that we can see if this option is available for anybody.

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[oceanonline]

Fred, I would like to get in touch with you. Could you send me a PM please? Thx

 

[carz]

DavidS said:
Yes, and did not have issues after filling KYC/AML documents.
Click to expand...

Did you really? in the EU? Could you please share which bank this was? I'm a bit skeptical but really hope it's true 🙂

Last edited: May 18, 2021