Best country to cash out few mil of USD crypto? - page 4.

goaldigger

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Quote from: Fullbear2222 on December 14, 2023, 01:57:55 PM

Best country to cash out less questions asked ?
It's UK. ? Specially London where everything is easy ?
Many people Even drive there without dl license it's quite relax place i heard that USA not easy place to cash out.
Can the Dubai or spain can better? I mean less taxes Also so i Open company and transfer crypto from exchangers

Dubai might be a better place and a safer place to cash out and I’m sure you can do P2P there because more people are already into cryptocurrency and its legal there. As long as your fund is came from a good source and not being laundered you can just easily cash out that money. I wish to have this kind of problem as well but for now I have to do my best to at least own 1BTC. Grin

Winterfrost

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Quote from: Cryptomultiplier on December 14, 2023, 02:00:54 PM

I totally agree on this because it was one of the first things king Charles III implemented as per regards the acceptance of cryptocurrencies for payments but it was under or going to be regulated by the SEC.
Am glad you can attest to the brilliance in accepting cryptocurrency for payments and transactions because it is the future that is yet to be suitably accepted.

Many people still don't talk about it because London has less number of crypto users as compared to the U.S.

I disagree with you on this. UK is the country you can earn more but the expenses are high as well. If you earn high and spend high then what is the importance of earning of high when it will all go into expenses? If you live your country to UK the only way you can save from your earnings is by limiting yourself to comfort. Firstly you can be squatting for some time so you get to share the bills with your roomies. Also, you will reduce the amount you spend on food, This may cause you not to eat good foods often since you ate managing.

famososMuertos

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Quote from: bayu7adi on December 14, 2023, 03:18:22 PM

El Salvador is indeed a haven for Bitcoin users to conduct any transactions, including withdrawing large amounts. There's no tax, even if you're a foreign investor residing in El Salvador. Nayib Bukele has truly turned El Salvador into a haven for Bitcoin users. Although I haven't personally visited there, several news reports on the legal adoption of Bitcoin in El Salvador confirm all of this.

As long as the crypto comes from money that doesn't violate the law, you are safe to withdraw. However, it can turn into a significant problem if the money you withdraw is proven to be from an illegal source.

It is not as easy as it seems, the moment you "move" to Fiat you adhere to the rules of that country and depending on your nationality, it does not matter where you make that change you pay taxes in your country of origin.
On the other hand, "landing" with money in El Salvador, if you are not going to make investments in that country, you will have to pay a fixed +% transfer rate, they have double payment of fees, then pay the intermediary bank, finally and depending on where you sent that money, the respective rates.

And it's not that you're going to get a banner saying be careful, you can't make those Swift transfers, or we don't receive deposits, first they collect their premiums and then when you're in a conventional bank, well, it's that the laws and notifications appear.

Mate2237

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For I don't know which of the above mentioned countries is cryptocurrency friendly but I will take UK though I am not taking it because of the op compliment of the region but base on statistics. And I don't know if everything is simple to use over there as the op is saying, I have not been to any of those countries so I can't have too much input in them.
But from afar London is cryptocurrency friendly than USA because since when I have started this journey, I have not really heard of uk against Bitcoin or cryptocurrency but I have heard a lot from USA.

And I don't know if because of the difference in their uses of the technology.

Captain Corporate

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Seems like the swiss doesn't really care about where or how you got your money, I know a guy who cashed out 22 million in a swiss bank, all his sales from crypto and he just.. kept on living? I mean he did filled out a paperwork at the bank for that, but that's about it, nothing really happened to him at all and nobody cared. As long as you pay your taxes, they do not really care all that much about where the money came from, and not like its a secret, its crypto, it came directly from a crypto exchange, its all notified to everywhere, someone had btc, sold it, and withdrew it from the exchange to the bank, whats the secret? So the government said as long as you got that tax, you are fine buddy and let him be.

bayu7adi

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dont be greedy

El Salvador is indeed a haven for Bitcoin users to conduct any transactions, including withdrawing large amounts. There's no tax, even if you're a foreign investor residing in El Salvador. Nayib Bukele has truly turned El Salvador into a haven for Bitcoin users. Although I haven't personally visited there, several news reports on the legal adoption of Bitcoin in El Salvador confirm all of this.

As long as the crypto comes from money that doesn't violate the law, you are safe to withdraw. However, it can turn into a significant problem if the money you withdraw is proven to be from an illegal source.

Crypto Library

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Quote from: Fullbear2222 on December 14, 2023, 01:57:55 PM

Best country to cash out less questions asked ?
It's UK. ? Specially London where everything is easy ?
Many people Even drive there without dl license it's quite relax place i heard that USA not easy place to cash out.
Can the Dubai or spain can better? I mean less taxes Also so i Open company and transfer crypto from exchangers

It's seems another similar topic of this Best Crypto friendly country?.

Any way, I still want to say that before choosing the best country to withdraw a few million USD Crypto, you need to see if your fund is actually coming from a legitimate source. If the fund comes from an illegal source, then I think that most of the countries where there is good rule of law are the worst countries for you to cash out that fund.
And if your fund is from a legitimate source then I would say initially you should choose those countries which have low or no tax on cryptocurrency and at the same time from the government rules and regulations to banks all are crypto-friendly. And if you get them in any first-world country then it will be best. Now if you want you can follow this table below-

Quote from: https://management.org/best-countries-for-cryptocurrency

Cryptomultiplier

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I totally agree on this because it was one of the first things king Charles III implemented as per regards the acceptance of cryptocurrencies for payments but it was under or going to be regulated by the SEC.
Am glad you can attest to the brilliance in accepting cryptocurrency for payments and transactions because it is the future that is yet to be suitably accepted.

Many people still don't talk about it because London has less number of crypto users as compared to the U.S.

Fullbear2222

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Best country to cash out less questions asked ?
It's UK. ? Specially London where everything is easy ?
Many people Even drive there without dl license it's quite relax place i heard that USA not easy place to cash out.
Can the Dubai or spain can better? I mean less taxes Also so i Open company and transfer crypto from exchangers

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