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Because the banks expects me to receive from a certified exchange. A third party, physical person, would not be accepted.

I need to deposit and sell about 500k in cryptos, sell and transfer to my bank. I wanted to know between the certified and compliant exchanges, like Kraken, Bitstamp and Coinbase (and any others), which is less likely to cause trouble because of incomplete source of funds for crypto? Basically...

Has anyone tried this? Basically you have gold in storage with them (which can be purchased with crypto). You borrow money from another user at an annual rate (3.5% is common) and you have money you can transfer to your bank account. You can pay the money back selling gold or transferring to...

Bad luck dude. Do you mind sharing if you had proof of purchase of the original coins? I don't have that to show, so I'm worried they might reject me.

Did you have to show source of funds to them? How did you prove it if you did?

Which bank have you used?

Did you talk to a lawyer? They should give it back if you can prove it was earned legally.

Talk to some lawyer in Switzerland, he'll help you prepare your documentation and accepted by a bank. Don't go talk to them yourself if you don't know what you're doing, you might burn a few bridges by improper presentation. They just need to see you comply with KYC regulations, a lawyer helps...

Say you had an apartment for 10 years and you sell it. Will the bank ask you where you got the money to pay it? If so, with details? What about 5 years back? My question is there must be a point at which the expectation of the client having their documentation available to prove it must...

I am, 100% certain, talked to a layer, see here. https://mcs.pt/cryptocurrency-taxation-in-portugal/ And here. “Furthermore, it is also the understanding of the Portuguese Tax and Customs Authority that the profits obtained from the sale of cryptocurrencies are not taxable under the Portuguese...

How much did you withdraw? Approximately.

0% in Portugal

I got the money from selling real state, used a smallish fraction of that to purchase. You're saying they won't analyze in detail the whole money chain, that the mostly care about the original source?

Regarding TradeStation, once you finally transfer to the bank, you'll be asked how you made the money. if you say trading, I think they'll ask what exactly, what did you buy, at which price, when did you sell at which price, maybe even ask for screenshots. If that happens you're back to square...

Depends. Are you absolutely sure you are not a tax resident in your country the year you spent in Portugal? According to the lawyer I talked to, you can go in June 2022, come back January 2023 with the money in your bank account without issues. You run into trouble if they can argue you...

Crypto again, yeah. Have middle range 6 figures, which I made by buying alts in 2019. Problem is, I paid cash for the BTC that I used to buy the alts and used a service like shapeshift to convert originally. So I have the wallets in which I kept them, but no original record of the purchase...

If crypto is deposited to these banks and converted to FIAT, would a traditional bank accept large sums of money transferred to my account there, without much questions? Or will I get the same level of auditing that I would have had if I transferred from Kraken directly to my account at that...

Considering moving there. Does anyone knows of banks that allow to withdraw from exchanges directly? Is their due diligence strict? By the way, I understand that given that crypto is treated as having money in foreign currency, it pays 0 taxes, like you don't need to pay money in Portugal for...

"You will always be tax resident in Norway in the year in which you move abroad and the three following income years if you have lived in Norway for ten years or more before the income year in which you take up permanent residency abroad." Those 10 years count from when you were born or after...

That's good to know! In my case I think I could claim that the price I paid was the alts price in USD at the time of purchase. It's gone 20X, so it will not make much of a difference, but still.