Going to a country that has zero taxation with your crypto gains is going to be costly unless you have a lot of profits that shall be taken on that country. But wouldn't you be questioned when you're about to get out from there and you'd start to bring that money with you or you'd just wire transfer that from there to your local bank account? But if it's about changing your residence, are you sure that you'd be willing to go that with extra mile and you've got a lot of requirements to fulfill with it unless you go in a country that will just want you to invest or buy some real estate that will cost you $100k-$500k and more. That means that you'd be having millions of crypto gains for that particular country so that you won't be required or else, you've got some relatives there and they shall be the one to take you up there and that will be cost effective and lesser once you migrate there and have that permanent residency. So, if you have no relatives that are willing to help you, isn't it that it's just best to pay the taxes to remove the hassle and there's no need for you to drop that amount for that country to be considered with their residency visa? But hey, it's a property to another country and that's still going to make sense as another investment, right?
As I said is a desperate idea but someone is using this and I was wondering if there is any chance to be effective but I know it has downsides and maybe even quite impossibile.
Idea 2 is my to go exit strategy but then there's taxes and I think that with your options of ideas that you've presented, it's probably a good assumption that you don't want to pay your taxes or you're evading some people in your life and you don't want them to know that you're going to make money in crypto or maybe even know how you made it. Idea 3 is a little too much unless it's a necessary thing to do, unless there's a threat to your life or you're being chased or will be chased as a fugitive, that's going to be your option. I don't think there's a lot of countries that would have what you're looking for when it comes to no taxation, if you want to pursue the third idea, you're gonna need to love the sun because most of them are probably tropical countries that make money on tourism to sustain their no taxation policies in some parts of living in their country.
As noted above, ideas 1 and 2 do not exempt you from the obligation to pay, meaning that you would be committing a crime or misdemeanor, depending on the jurisdiction in which you are located and the amounts involved.
Well I'm now talking about reasons here, I was just asking and presenting ideas to see if there is any feasibility and above all how to implement it.
As I said previously,
there are country where not all cryto related is taxable so lets assume this for now: trading BTC -> DAI is not taxable so can this be used to our advantage ??
- About "any safe no KYC swap/exchange" and your question about how BTC to DAI can be done, I would advise you to use
eXch, as it's without KYC, without account to create and no logs. Reliable since 2014.
You could use Changenow.io too for example, but it is less safe IMO as they operate AML verifications, and shared information with some gov agencies in the past IIRC.
-DAI is reliable as a stable coin IMO, at least it is the best (even if unperfected) stablecoin available for now. Cannot be frozen or seized in your wallet like USDT or USDC.
-For the crypto card, Wirex is cool (low fees) but KYC is mandatory. ID + POA.
-Otherwise, you should know that in Europe, if you spend crypto with a crypto card, no matter if it is a stablecoin or not, you will need to pay taxes (at least in 99% of EU countries). As your CEX will do the exchange crypto/fiat for you when you will use your card.
Thanks for all your suggestions. This is precisely what I was trying to achieve by presenting ideas and doubts
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
So anymore suggestions? pratical one too. For example: how that exchange works? how can I bring BTC on the exchange? or maybe doing all on a decentralized exchange? how? safest one?
The one I missed in the list is the one popularized by Saylor "borrow against your Bitcoin" and never sell it. If you have enough holdings, you can take a pledged loan for 1% of what you sell and if the price goes up you can keep refinancing, the loan goes down on its own. If it goes down to avoid a margin call you can put in a little more Bitcoin.
That was another possibile solution I found using a cypto card that do just that but I don't know much about it. Can you explain more your concept? how can that be achieved?