It depends on what country you are in. Mostly there are hidden little charges from the converting sites we use. Its part of there business to earn charges. Its really somehow unevitable. But there are many ways to get lesser tax or charges. Convert it into other crypto coins that you see you can get lesser charges before converting in your local fiat.
That's right just for example what others do in order to get lessen tax or charges from their coins or tokens they are converting it into other coin or token in order to lessen the charge into usd. If you really want to maximize your crypto earnings you must know how to handle situation like that so the profit that you are getting will not be lessen or decrease. That's what others do in order to get an very small amount of charge everytime you are converting your crypto earnings into a local fiat. Just for example, converting bitcoin to xrp or ethereum to lessen the charges and then convert it into usd or your local fiat. 
Topic: crypto earnings (Read 785 times)
It depends on what country you are in. Mostly there are hidden little charges from the converting sites we use. Its part of there business to earn charges. Its really somehow unevitable. But there are many ways to get lesser tax or charges. Convert it into other crypto coins that you see you can get lesser charges before converting in your local fiat.
guys how to get around local tax laws and convert crypto earnings into legal fiat?
It is not difficult if I did not say that it was easy. In fact, bitcoin is banned from trading in my country. But the law always has holes, and we take advantage of it. They do not allow us to "trade", so we use it for "exchange". It is difficult to express it in English. We can understand simply, it is the difference between buying - selling and giving - receiving. In particular, I do not need to pay any income tax from the cryptocurrency. That is a wonderful thing! guys how to get around local tax laws and convert crypto earnings into legal fiat?
It depends on your country, many countries like China do not allow people to exchange Cryptocurrencies to Fiat money so you will need to convert them into others like paypal or perfectmoney. 
guys how to get around local tax laws and convert crypto earnings into legal fiat?
You can sign up for a platform like Paxful or LocalBitcoins and trade with other users.
guys how to get around local tax laws and convert crypto earnings into legal fiat?
You can sign up for a platform like Paxful or LocalBitcoins and trade with other users.
Based on our country, you cannot actually get away from taxes in cryptocurrency conversion to fiats. How? Because if you have local exchanges, then that is the place where you need to convert your cryptocurrency. In this case, what you need is to pay transaction fees with taxes from conversions. What is good about it is that, if you have huge accumulation of cryptos, instead of converting, you could transact and pay in crypto without taxes.
What about peer to peer trades with a person from your country? He gives you cash, you send him Bitcoins. And you keep that cash at home, not deposit it to the bank because you might need to explain origin of money.But I guess it's difficult to find buyer for large amounts of Bitcoins.
People who use to use people from local bitcoins might start a smaller group on social media so the people that bought in large amounts still are. Newer people will have a rougher time finding larger trades.
There is also the matter of safety and you risk being mugged or something. It probably won't happen but there is still that risk.
Dealing with taxes is annoying. There is no official law. How will taxation. I think it's best not to turn bitcoins into paper money. Direct trade with Bitcoin needs to become widespread. Bitcoin will take more place in our lives ...
Yes, we need direct trade to bypass these taxes. Depending on where you live some taxes are unrealistic and far too much. Other countries you feel ok paying tax since you get benefits like free health care and such. Unfortunately, not all countries are like that and often take advantage of the taxpayer.
Based on our country, you cannot actually get away from taxes in cryptocurrency conversion to fiats. How? Because if you have local exchanges, then that is the place where you need to convert your cryptocurrency. In this case, what you need is to pay transaction fees with taxes from conversions. What is good about it is that, if you have huge accumulation of cryptos, instead of converting, you could transact and pay in crypto without taxes.
What about peer to peer trades with a person from your country? He gives you cash, you send him Bitcoins. And you keep that cash at home, not deposit it to the bank because you might need to explain origin of money.But I guess it's difficult to find buyer for large amounts of Bitcoins.
People who use to use people from local bitcoins might start a smaller group on social media so the people that bought in large amounts still are. Newer people will have a rougher time finding larger trades.
There is also the matter of safety and you risk being mugged or something. It probably won't happen but there is still that risk.
Dealing with taxes is annoying. There is no official law. How will taxation. I think it's best not to turn bitcoins into paper money. Direct trade with Bitcoin needs to become widespread. Bitcoin will take more place in our lives ...
Yes, we need direct trade to bypass these taxes. Depending on where you live some taxes are unrealistic and far too much. Other countries you feel ok paying tax since you get benefits like free health care and such. Unfortunately, not all countries are like that and often take advantage of the taxpayer.
Based on our country, you cannot actually get away from taxes in cryptocurrency conversion to fiats. How? Because if you have local exchanges, then that is the place where you need to convert your cryptocurrency. In this case, what you need is to pay transaction fees with taxes from conversions. What is good about it is that, if you have huge accumulation of cryptos, instead of converting, you could transact and pay in crypto without taxes.
What about peer to peer trades with a person from your country? He gives you cash, you send him Bitcoins. And you keep that cash at home, not deposit it to the bank because you might need to explain origin of money.But I guess it's difficult to find buyer for large amounts of Bitcoins.
guys how to get around local tax laws and convert crypto earnings into legal fiat?
All depends upon your law of country about digital currency , my first suggestion for you is that if bitcoin is allowed to use openly then do works manually to pay tax that what the law of your country's govt. Made .Otherwise you have to pay tax by select the category of "other" , your lawyer can tell about it to you in very accurate way .
If you have no lawyer then don't don't take tension , simply google it " how to pay tax " and then you will understand that how to do all the things .
But be Careful that if you are paying tax for the cryptocurrency earning then pay for all profit , otherwise do deceive the system .
guys how to get around local tax laws and convert crypto earnings into legal fiat?
actually it's easy to solve this problem. we live to register the results of our income to the taxation agency and register the job as IT or internet marketing. register the amount of monthly income so that we will still pay us even though the actual income through cryptoActually there is still no taxation law saying that crypto users are subject to paying tax. As of now, it is still under the consideration of the government (depends on the country you reside in). If crypto is legal in your country, then sooner or later, paying tax is necessary.
as it required by the laws that every individuals who are getting salaries inside the jurisdictions of the government is subjected to pay tax to help
the country, it's an obligation that citizens need to follow.
Well really everyone should go to their local tax accountant or look up the information regarding taxes and Bitcoin in their respective countries. In Cyprus, for example, taxes are good for people there because you can bring in your crypto and not pay at all tax as long as it comes from one bank account to another, or to be safe, just pay 10% capital gains tax on it and then you are done. In other countries of course there are more strict laws pertaining to Bitcoin and other altoins. You should be careful and do everything the legal way, not to have problems with law enforcement agencies.
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Based on our country, you cannot actually get away from taxes in cryptocurrency conversion to fiats. How? Because if you have local exchanges, then that is the place where you need to convert your cryptocurrency. In this case, what you need is to pay transaction fees with taxes from conversions. What is good about it is that, if you have huge accumulation of cryptos, instead of converting, you could transact and pay in crypto without taxes.
What about peer to peer trades with a person from your country? He gives you cash, you send him Bitcoins. And you keep that cash at home, not deposit it to the bank because you might need to explain origin of money.But I guess it's difficult to find buyer for large amounts of Bitcoins.
Based on our country, you cannot actually get away from taxes in cryptocurrency conversion to fiats. How? Because if you have local exchanges, then that is the place where you need to convert your cryptocurrency. In this case, what you need is to pay transaction fees with taxes from conversions. What is good about it is that, if you have huge accumulation of cryptos, instead of converting, you could transact and pay in crypto without taxes.
If we want to actually use crypto in real world for payments in most cases we need to face the problem of conversion. Thus we lose money on exchange rate, taxes, fees and etc. So far the only or maybe the cheapest solution for me is to use crypto debit card. No need to worry if crypto is accepted, no transactions fees and taxes.
Based on our country, you cannot actually get away from taxes in cryptocurrency conversion to fiats. How? Because if you have local exchanges, then that is the place where you need to convert your cryptocurrency. In this case, what you need is to pay transaction fees with taxes from conversions. What is good about it is that, if you have huge accumulation of cryptos, instead of converting, you could transact and pay in crypto without taxes.
getting around tax laws is really hard. And I have no experience getting around it since, in my country, we are lucky that we are able to use cryptocurrency freely. And as of now, there are no signs of regulations. But they kept on saying warning about how we are going to secure our funds.
If here in my country will gonna put taxes on our earnings in bitcoin then it could be really hard for us, since my earnings here in bounty is not too big for them to give me tax. It is okay to regulize it and legalize it but I wish that there would be a better and good tax rule in every earnings. Even now, we dont have tax yet , everytime I converted my btc to fiat it lessen as big as 10% of it. 
getting around tax laws is really hard. And I have no experience getting around it since, in my country, we are lucky that we are able to use cryptocurrency freely. And as of now, there are no signs of regulations. But they kept on saying warning about how we are going to secure our funds.
i dont think you cant escape the tax especially if you are going to convert your cryptos unto fiats but that is if your using an exchanger but i think you can escape the tax and exescive fees if you are only going to trade from person to person . you will just have to talk to the person and agree if how much crypto they are going to recieve as well as how much money they are going to pay . this can be done without fees depending on you if you arent really that generous .
guys how to get around local tax laws and convert crypto earnings into legal fiat?
If the government in your country regulates cryptocurrency then you will have no problem in changing your stock to fiat currency. all the while, if cryptocurrency is prohibited in your country, then that's the time you have to go through blockchain to change crypto to fiat for as long as you have the credit cards which accept crypto. You will have to go through some process in exchange to do that though like in coinbase.
In short, you should go to a country that is no hassle in giving you a service you want about crypto currency. You've stated a very obvious matter, of course you should only regulate your crypto in a country that allows it.
Also you should know first the security of the country for you to avoid being hacked or scammed. Security is very important when it comes to crypto currency. Most especially if it has a potential or if you're going to convert it into fiat. Fiat is more vulnerable to negative things.
guys how to get around local tax laws and convert crypto earnings into legal fiat?
The problem is that even if your country don't have regulation right now things can change at any time. I'd suggest not to sent much to your bank. There are ATM's as well that might help.
Always use small amounts though. I don't know the standards and the limits each country sets but I guess if you try to sent to your bank 100K bells will start ringing.
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