bitcoin.de
but i would stil advice to exchange for cash and just live on cash for few months
Topic: How to withdraw money won from bitcoins to banks without suspicion (Read 3950 times)
July 08, 2015, 04:44:55 PM
generally, is not so smart use one bank acc and transfer "everything" in on shot, just because transactions over XXX (depends on your country) from other countries are automatically monitored and may be followed.
so simply, create more acc, involve more friends and sent it in different days/times by small amounts to different people. another way is to use ATM or men in the middle..
so simply, create more acc, involve more friends and sent it in different days/times by small amounts to different people. another way is to use ATM or men in the middle..
July 03, 2015, 02:40:54 PM
To a spanish bank to be exact. I would have asked this on the spanish section but people is not really active there. My question is simple, say for exanple you have 100 btc and you convert them ito money 20.000€ approximately, if you withdraw that to your bank you would probably have problems because its already a pretty big amount and im sure that if you do it in small amounts someone will realize after all. I could pay the taxes, yeah.. But its a really tedious thing to do specially when it comes to bitcoins and i dont really want to lose like 50% of the amount of profit im getting.
In your shoes, assuming you just want to avoid having to figure out, and pay a tax liability on 'earnings' or capital gains, this is what I would consider:
A. If the potential liability isn't material, just withdraw the funds to your bank. Have you looked at what your liability might run?
B. Seek out people near you who are able and willing to meet in person and pay cash for some or all of your coins. Localbitcoins is a good place to start looking.
C. Xapo debit card. Yes, the fees are high, but look at it this way: Xapo is an innovator and first-mover in btc, and your patronage is measure of support for the btc ecosystem. In a way those fees serve to 'pay back' the btc ecosystem for the opportunities it has provided.
Localbitcoins is cool for small transactions but im not so sure about big ones, also if you get cash they can still notice, cant they? I mean you cant just go around spending tons of money right?
July 02, 2015, 07:57:44 PM
To a spanish bank to be exact. I would have asked this on the spanish section but people is not really active there. My question is simple, say for exanple you have 100 btc and you convert them ito money 20.000€ approximately, if you withdraw that to your bank you would probably have problems because its already a pretty big amount and im sure that if you do it in small amounts someone will realize after all. I could pay the taxes, yeah.. But its a really tedious thing to do specially when it comes to bitcoins and i dont really want to lose like 50% of the amount of profit im getting.
In your shoes, assuming you just want to avoid having to figure out, and pay a tax liability on 'earnings' or capital gains, this is what I would consider:
A. If the potential liability isn't material, just withdraw the funds to your bank. Have you looked at what your liability might run?
B. Seek out people near you who are able and willing to meet in person and pay cash for some or all of your coins. Localbitcoins is a good place to start looking.
C. Xapo debit card. Yes, the fees are high, but look at it this way: Xapo is an innovator and first-mover in btc, and your patronage is measure of support for the btc ecosystem. In a way those fees serve to 'pay back' the btc ecosystem for the opportunities it has provided.
July 02, 2015, 05:00:16 PM
Try finding a BTC ATM near you or just pay taxes according to your countries requirments for wages dont seem like is problem Bitcoin isnt illegal and nothing suspecious about its use unless u act suspicious using it....
July 02, 2015, 04:38:59 PM
They always follow the money.
June 30, 2015, 10:11:26 AM
Can you please explain how this can help him to get the 20,000 euro into his bank account without any problem. We are all here to learn one thing or the other.
He could try split 20k and ask friends/family to help him withdraw in smaller amounts. Bitquick doesn't give out much details in the transaction statement, he will just end up paying friends/family a small cut instead of whatever% taxes.
He can also try withdraw from ATM's, like others suggested.
you can't, every trnsaction is registered, especially those that are above 1k, but if you stay below it, and make many of those smaller transaction, they will check it at the end, if the sum of all those transactions exceed a total per year, which should be different from country to country
but to check your money and to see who is the owner, they need to spend money, so they do it, only if it's worth the trouble for them, only if by doing so they can gain a good amount of taxes or penality
June 30, 2015, 08:07:46 AM
Talk to your CPA, not an internet forum.
If by cpa you mean lawyer, i dont think my lawyer will help me to not pay taxes, which is what im asking for here, how to not pay taxes, if i wanted to know how much and how exactly i wouldnt be asking but thanks for your answer.
I can't really help with your problem much, maybe try a darknet forum for this sort of info, people there would probably be a bit more dodgy than the members here they may know what to do.
Good luck.
June 30, 2015, 07:54:03 AM
Can you please explain how this can help him to get the 20,000 euro into his bank account without any problem. We are all here to learn one thing or the other.
He could try split 20k and ask friends/family to help him withdraw in smaller amounts. Bitquick doesn't give out much details in the transaction statement, he will just end up paying friends/family a small cut instead of whatever% taxes.
He can also try withdraw from ATM's, like others suggested.
June 30, 2015, 07:41:18 AM
Can you please explain how this can help him to get the 20,000 euro into his bank account without any problem. We are all here to learn one thing or the other.
He could try split 20k and ask friends/family to help him withdraw in smaller amounts. Bitquick doesn't give out much details in the transaction statement, he will just end up paying friends/family a small cut instead of whatever% taxes.
He can also try withdraw from ATM's, like others suggested.
June 30, 2015, 07:05:00 AM
Can you please explain how this can help him to get the 20,000 euro into his bank account without any problem. We are all here to learn one thing or the other.
June 30, 2015, 06:08:13 AM
June 30, 2015, 06:04:33 AM
generally, is not so smart use one bank acc and transfer "everything" in on shot, just because transactions over XXX (depends on your country) from other countries are automatically monitored and may be followed.
so simply, create more acc, involve more friends and sent it in different days/times by small amounts to different people. another way is to use ATM or men in the middle..
so simply, create more acc, involve more friends and sent it in different days/times by small amounts to different people. another way is to use ATM or men in the middle..
June 30, 2015, 05:58:48 AM
I have another suggestion since this thread is still open, visit my signature and request for a debit card, invest a little in their cloud mining and start withdrawing your money gradually using the ATM card issued by bit-x.
Enjoy
Enjoy
June 27, 2015, 10:54:52 AM
Buy amazon gift cards here with bitcoins (you get it normally 10% cheaper), sell the giftcards for example on ebay or another forum
(sell it with paypal) make a new bank account on a different bank and transfer your paypal money there.
There are some ways to transfer your btc to your bankaccount.
(sell it with paypal) make a new bank account on a different bank and transfer your paypal money there.
There are some ways to transfer your btc to your bankaccount.
June 26, 2015, 11:33:16 AM
To be on a safer side, you need to exchange smaller amounts of BTC and not all the BTC you have if it's above the taxable limit. Exchanging it for another payment mode is preferable eg: PayPal else you will need to submit the income proof as to from where you have received the amount.
It's better you talk to the bank asking what amount you can deposit without any questions being asked but don't mention BTC. Sometimes being sure with the bank makes you play safe.
It's better you talk to the bank asking what amount you can deposit without any questions being asked but don't mention BTC. Sometimes being sure with the bank makes you play safe.
June 26, 2015, 09:04:57 AM
I'm in Portugal. I have been using Kraken to make withdraws... I haven't tried Bitstamp yet.
Currently, there is no regulations regarding Bitcoin or digital currency and until now I haven't got any trouble with taxes. However, I would like to know more about the IRS conditions.
Can anyone advise me?
Currently, there is no regulations regarding Bitcoin or digital currency and until now I haven't got any trouble with taxes. However, I would like to know more about the IRS conditions.
Can anyone advise me?
June 26, 2015, 08:44:32 AM
You may wish to check out BITWALA as they allow to pay invoices via Bitcoins which they transfer into the SEPA system for a 0.5% fee.
You enter recipient details like Name, IBAN, BIC, Amount and reference number. They take your coins and send the wire transfer on your behalf. This way you can spend coins in online shops without moving it across your own account. Just check out with advance payment option in any shop accepting SEPA, wait for the emailed invoice and pay it using BITWALA.
You enter recipient details like Name, IBAN, BIC, Amount and reference number. They take your coins and send the wire transfer on your behalf. This way you can spend coins in online shops without moving it across your own account. Just check out with advance payment option in any shop accepting SEPA, wait for the emailed invoice and pay it using BITWALA.
June 25, 2015, 10:32:51 AM
well i use this pass to bitcoins to paypal then from pay pal to bank acount in portugal and figure out that 10% its in the way but every things good out of taxes for now!
June 25, 2015, 07:20:31 AM
what i love most about the bitcoin community; is the irony of almost every single person being in it for the fiat 
Can't blame them. Lives are based around fiat. We pay for food in fiat and it's the unit of measurement for "value". Although Bitcoin is a currency, we can't actually directly live on Bitcoin just like we can't live on a foreign currency away from it's country of issue.
There are still a lot of users who are interested in Bitcoin for its core values. The biggest irony I think, is Bitcoin being most useful to those in economically and politically unstable countries, and not enough people there have caught on to Bitcoin yet.
Jump to: