Hey there,
I'm looking into converting some of my crypto holdings into fiat for everyday expenses. These could be purchases that can't be made directly with crypto or through gift cards.
So far, I've explored options like using crypto cards without KYC, such as Zebec, as suggested on the forum. These cards are directly linked to Google Pay, but beyond that, I'm a bit limited in my solutions.
I'm considering the possibility of forming an LLC. I'm based in the EU, specifically France, and the plan would involve transferring some crypto (from my cold wallet) to Kraken (llc), then from Kraken to Mercury. With a Mercury debit card, I could make transactions as needed.
My understanding is that if these transactions are conducted through an LLC, they should remain private within the EU when using the Mercury debit card.
Naturally, I'll need to report this setup to the relevant authorities in my country of residence but I won't do but this company will not do any trades, I only use it for convert personal crypto to fiat.
Most of my crypto holdings are from exchanges without KYC, and the SoF is somewhat limited.
Is this approach viable, or do you have any alternative suggestions? In theory the company should be anonymous and with no trades should be somehow viable.
Looking forward to your insights.
I can't relocate now.
I'm looking into converting some of my crypto holdings into fiat for everyday expenses. These could be purchases that can't be made directly with crypto or through gift cards.
So far, I've explored options like using crypto cards without KYC, such as Zebec, as suggested on the forum. These cards are directly linked to Google Pay, but beyond that, I'm a bit limited in my solutions.
I'm considering the possibility of forming an LLC. I'm based in the EU, specifically France, and the plan would involve transferring some crypto (from my cold wallet) to Kraken (llc), then from Kraken to Mercury. With a Mercury debit card, I could make transactions as needed.
My understanding is that if these transactions are conducted through an LLC, they should remain private within the EU when using the Mercury debit card.
Naturally, I'll need to report this setup to the relevant authorities in my country of residence but I won't do but this company will not do any trades, I only use it for convert personal crypto to fiat.
Most of my crypto holdings are from exchanges without KYC, and the SoF is somewhat limited.
Is this approach viable, or do you have any alternative suggestions? In theory the company should be anonymous and with no trades should be somehow viable.
Looking forward to your insights.
I can't relocate now.
