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Safe place for 50k because of debts

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Don't touch Germany (EU) or UK (ex-EU). UK incorporated most EU law into UK national law before leaving EU so a lot of past EU︃ laws still apply. With no proof of address options are limited I can see even︄ in some developing countries. So maybe ask around wherever you are residing and try and︅ get some sort of proof of address i.e rental contract etc.

You have a clear︆ source of funds for the cash as you mentioned. So if in end cash is︇ only solution it should not be an issue to maybe leave some with family members︈ for example.

However do not go near crypto stablecoins if you don't understand them. USDT︉ especially where addresses can and have been blacklisted by Tether at request of law enforcement.︊
 
Since OP has a crystal clear source of funds, blacklisting of his Tether address︃ is one of his very very last concerns regarding stablecoins especially compared to the alternative︄ of renting boxes, putting cash in it while having no proof of address and being︅ in the need of getting one.
 
Most of safety deposit box companies in the UK require proof of address like utility‌ bill or bank statement. I have a Dutch bank account by Bunq and the statements‍ can be downloaded and printed and my name and address are on top of each⁠ bank statement. That is my proof of address.
 
Then that⁠ is fine. Bank statements is what I have always used for proof of address and⁤ it works fine.

I don't︁ know details of OP's situation with his debts in Netherlands. If there is courts involved︂ etc then law enforcement can ask Tether to seize/freeze your USDT. They would however need︃ to be aware you bought Tether and know your wallet address to request this to︄ be done.

https://bt-crow.com/2022/01/23/can-any-usdt-holder-be-blacklisted-on-tether/
---- quote start

A number of addresses are permanently blocked at the︅ request of law enforcement agencies, in which case Tether can transfer the equivalent in fiat︆ dollars to the account of the Ministry of Justice, if there is a court decision︇ to confiscate the deposit.

This week, wallets with a deposit of $160 million were blacklisted.︈ Tether claims that they are “frozen” at the request of law enforcement agencies, but the︉ blocking procedure is opaque and the crypto community has to take the word of the︊ company, which has repeatedly been convicted of hiding important information.

---- quote end

When Tether︋ can just freeze your holdings it is unsuitable for use as a safe place. I︌ discussed this already in another thread.
 
Im not a big fan of these blackbox stablecoins which actually︆ are called fiatcoins (as there is nothing stable with them).

The only safe crypto from︇ that point of view is Bitcoin.
 
they go up and down, stablecoins don't do that.

Beside that, OP after‌ you have been reading the replies you got here, what's your preferred solution by now?‍
 
😉 notable exceptions to this rule witnessed just recently. They then stay down⁠ forever.
 
I have no experience with cryptocurrency or stablecoins and I don't feel⁠ like doing something that I am not familiar with. So I am looking more at⁤ the other options.
1, open bank account at online bank outside EU - Monese, Revolut⁣ or Wise (UK) or Dukascopy (Switzerland). My worry is that they share my account details⁢ according to CRS and thus the Dutch tax office will know about my account. I︀ have no problem with taxes since I don't own any, but my debt is to︁ a government institution and institutions in Netherlands share information with each other so if tax︂ office gets to know my foreign bank account, then other government agencies may know it︃ too.

That's way I am considering going to Serbia to open there, in a non︄ CSR country, already spoke to Mobi Bank there and they require 90 days residents permit︅ so I will try another bank there.

The other option I am considering is to︆ say to the UK or Swiss online bank where I will open account with tax︇ resident in country different than Netherlands. I have a Bulgarian tax number because I sold︈ a house there and since I don't have a permanent address, I could also register︉ me address of my friends there. In that case the UK or Swiss bank will︊ share my account details with the Bulgarian tax office and not the Dutch one, which︋ sounds good.

Finally, I love cash and I have traveled around the world carrying cash︌ with me. Since I travel in developing, I pay cash for everything such as food,︍ accommodation and transport, except airplane tickets and health insurance. The thing is that I can't︎ travel with more than 10 000 euro cash. So I still need to put the️ rest somewhere. I may rent a safety deposit box in UK, Switzerland ok Germany outside‌ the banking sector. I have contacted more than 10 companies offering boxes and wait to‍ get reply from everyone. I don't dare to put in a Dutch deposit box since⁠ they seem to not care about privacy (payment by own bank account only and proof⁤ of address). I really don't know if it makes any difference if it's in EU⁣ or not. I can not imagine that private safety deposit box companies in Germany will⁢ provide the German government with a full list of all owners of boxes and that︀ they will than give this information to Dutch authorities. I also want to ask if︁ anyone can advice me on how can I bring 40 000 cash into Switzerland? According︂ to Swiss customs, I can carry unlimited cash into Switzerland but I am allowed to︃ enter and exit Germany with no more than 10 000 cash. So is there any︄ way to bring 40 000 into Switzerland without having to go there 4 times ?︅ I checked money gram and western union to pick up cash in Switzerland but they︆ allow to transfer just 3000 euro and at very high costs.

I am also looking︇ at parking some cash at Skrill, Neteller, Paypal, ViaBuy and getting a prepaid card with︈ them. Does someone know if they are safer options than Monese/Revolut/Dukascopy/Wise and if they share︉ any information since they are no banks and don't offer IBAN number (except ViaBuy).
 
Toi bring the cash into Switzerland should not be a problem, there are no control‌ on the borders you cross before you enter Switzerland, so what should stop you taking‍ the 40K in cash with you?

If you are worried, stable coins will again be⁠ the 110% secure thing, convert your 40K cash into stable coin, get them out in⁤ cash when you are in Swiss, NO ONE will ever know about it.

Finally, will⁣ you stay in the Netherlands or are you on the road all the time?
 
I am on the road all the time and don't stay in the Netherlands.
I was just afraid that German customs make random checks on the border as this is‌ what I red on their website. I know that they make random checks on the‍ German - Dutch border, they have stopped my bus (Flixbus) regularly and checked ID documents⁠ and occasionally also luggage.
 
You don't want to take a BUS crossing the boarder!

But as I said, a‌ Ledger stick would solve your worries and you could put a big smile in the‍ customs face should they stop you!
 
You should have mentioned that fact in your first post. That changes almost everything. Hiding⁢ cash from a government is completely different from hiding cash from a private creditor or︀ ex-spouse.

Unless something recently changed,︅ I doubt that Germany has a $10k limit on cash. That would be Third Reich︆ style capital controls. Just like any other country, you just need to declare it.
https://www.auswaertiges-amt.de/en/...ng 10,000 or,and equivalent means of payment.
 
Guys, are you seriouly recommending Tether which has presumably around 65 BILLION USD under ownership‌ and so far it was unable to produce a proper audited financial statement? With what‍ has happened with Terra and Luna you really have no doubt that this religious attachment⁠ to stablecoins might be wrong?
 
  1. Diversify (have some in cash, some in a couple bank accounts, Serbia might not be‌ such a bad idea to keep 20-30% of money there if you can get an‍ account as a foreigner).
  2. If you have a home or a family home (parent's home),⁠ buy a safe deposit box and keep 10-20k there - it's always handy to have⁤ some cash. (or even all of it)
  3. Stay away from crypto and "stable coins" as⁣ these may not be stable as it seems... and especially if you're crypto noob...
  4. Avoid anything Swiss as most probably it will be very expensive and not worth storing 50k⁢ there in most of scenarios...
  5. Never carry more than 10k in cash with you to︀ avoid having problems with customs. If you travel with friends or family members - you︁ can give them some cash to take it across the border as it's theirs.
 
These are good advices, I have been thinking on these recently.︄
1. To diversify, by splitting the money on 7 places or roughly 7k per place,︅ cash in me, Wise, Skrill, Serbian bank, cash in close relative house/bank account etc ..︆

2. I do have money in a friend's house and in family's bank account. It︇ is possible to keep all my money that way. The problem is that I can't︈ trust 100% the family of friends where my money is at the moment, I must︉ worry all the time if something will disssapear or not.

3. I am staying away︊ from crypto or stablecoins, would never even consider that.

4. About Switzerland, I have been︋ thinking about renting a safety deposit box in a private company. It's really expensive at︌ 430 euro per year and I would prepay for 5 years 2150 euro. I thought︍ that this is the safest option as I don't think that privately owned Swiss deposit︎ boxes such Safes Fidelity Geneva, Degussa in Geneva or Zurich, Swiss Gold Safe, Finanz Konzept️ or Sincona. It seems to me the safest option as chances of reporting to any‌ authorities or a roberry seem very low. It's much cheaper to rent a private deposit‍ box in the UK or Germany but confendiality could be compromised.
If I rent a⁠ box in Switzerland, I consider putting everything there since it's too expensive to pay 430⁤ a year plus high transport costs to travel to there just to keep 6-7k, so⁣ no diversifying in this case.

5. I have never crossed a border with more than⁢ 10 000,, even not the open borders withing the EU.

So I am considering just︀ 2 options- split into 6-7 places cash, bank account, EMI, maybe a cheap deposit box.︁
Or put everything in pricey Swiss deposit box.
 
If you calculate the cost and time for splitting everything up⁠ it is probably better to put all in one place. No offence, but the amount⁤ you are talking about (50k) is too small for diversification of storage.

Should that single⁣ storage place be a pricey Swiss deposit box? No, not worth it for your purpose⁢ (advise from a Swiss 😉).
Also note that KYC exists with private Swiss deposit boxes.︀ If they smell something fishy they will report you.

The amount in question is best︁ kept in cash (or gold) with a trusted friend. Buy a travel-safe, put it in,︂ give the travel-safe to the trusted friend to store it away from his family.
 
Exactly, not worth it as Swiss is quite expensive.⁣ You need to calculate flights and other costs as well.
Also if you need some⁢ money quick - you'll need at least a day to take a flight to swiss︀ and back...

https://www.shurgard.com/en-nl/self-storage/why-shurgard/self-storage-priceshttps://www.boxie24.com/en-nl/pricing/
Also you could rent one of these self storage boxes, put︁ a bunch of junk there and one safe deposit box with cash in it.
I guess this is way cheaper than safe deposit box in bank, it's not reported and︂ nobody will suspect you hold cash there (security by obsecurity).

If you're afraid of fire︃ - there are fire proof safes.
https://www.bestbuiltsafes.com/will-paper-money-burn-inside-of-a-safe/And you might also buy and keep gold︄ bars inside (if you think that's a asset that you would hold instead of cash)︅
 
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