I need a crypto-exit plan.

[luckycriminal]

Wouldnt bother unless the Taxes are very high (40-50%) and you have a very big‌ chunk of money. I'll rather sleep well and not bother; do it well once and‍ if the big earnings keep happening move to another country and keep doing the activity⁠ there.

 

[Awblackhat]

Not true about UK as it is taxed as capital⁤ gains which is 20% at the higher rate. You do not may income tax on⁣ it. 10% at the lower rate of tax. You have your cgt exemptions too for⁢ you and your partner each year.

https://www.cointracker.io/blog/cry...you hold cryptocurrency as,a purchase, etc.).

 

[Awblackhat]

I believe local bitcoins is now KYC
Would have to⁣ check as I imagine Norway may be similar to UK where trading between coins isna⁢ taxable event and treated as disposal. True the interst can offset some.of the fees. Say︀ getting 10% interest and cgt is 22%. I'm looking at buying SOL with interest of︁ up to 12% (not a stablecoin) and think can now get 17-20% on CRO. I︂ already have quite a bit staked at a lower rate.. investigating

 

[Awblackhat]

I believe localbitcoins now does KYC/AML but there are other p2p alternatives but I would not‍ risk it if I had used any KYC services to buy in the past.

 

[Awblackhat]

Don't forget‍ Portugal

 

[Awblackhat]

UK provides⁣ detailed rules for this and crypto to crypto is taxable (cgt). Different for mining and⁢ if you are in pools or staking again different.