Huge profit but how to withdraw - page 3.

btcltcdigger

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Quote from: udayantha11 on March 02, 2021, 10:34:43 PM

Hi

If i say i am from anti crypto country means withdrwals and deposits prohibited.

If i get a huge profit of 1million usdt. So how can i withdraw it, shall i move to crypto friendly country and withdraw or any solutions ?

With your posts in the recent weeks, and with your questions, i doubt you'll get that kind of profit. so you got nothing to worry about.
bounties will not make you that kind of money, trust me. Neither will meme shitcoins

criket

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Quote from: meldrio1 on March 12, 2021, 11:46:45 AM

1 million usdt? seems you need KYC for that if you want to withdraw all your money. If you country is prohibited of using cryptos then I guess you must fly to the crypto friendly country because 1 million is huge my friend, don't trust to the other people that will process to withdraw your 1 million..

I think your solution is too much.

there is a better solution and I think the OP has got the answer and solution to the problem.
many members who provide P2P-related solutions that can help him. I think that is the best solution.

I think this thread should already be locked. Moreover, the OP has also been inactive to discuss the topics he asked about.

meldrio1

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1 million usdt? seems you need KYC for that if you want to withdraw all your money. If you country is prohibited of using cryptos then I guess you must fly to the crypto friendly country because 1 million is huge my friend, don't trust to the other people that will process to withdraw your 1 million..

bandungan

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My advice is that you can take advantage of money exchange services from abroad and can transfer it directly to your account through someone's services and that uses a fee. but for me it does not matter you can still get money and the government will not be able to trace where your money comes from

mirgo1791

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as work with online commerce have with different option of selection with the instruments and payment system it might be fine as managing return of trading to put there still in online account as pragmatically expending the balance to deliver good stuff to anti crypto country.

k@suy

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Quote from: Javi_Anibarro on March 05, 2021, 10:29:46 AM

Wow you guys are advising him to break the law? No matter what is the reason, when the government says you can not cash out/withdraw your Crypto into Fiat that means you can not. Let's try to be civil guys, it is fine to be a crypto supporter but that does not mean we can break the law here.
There is a simple way to do it, just move out to a crypto-friendly country and cash out there. Afterward goes back to your country, with it you can get your profit and at the same time become a good citizen or ask someone you know out of your country to withdraw it and asking him/her to send it back to you.
This looks simple but if we do not change this habit, it will bring a huge impact on our behavior and it might have a negative impact on the country itself. Always looking for the bigger picture, please.

Which i guess might be the best thing to do to not break the rules and the law of his country since it is the main concern of OP's thread. I may also get other side of using some much reliable VPN to withdraw because knowing a USDT value was only $1 then withdrawing it outside in his country will also cost him that much too. Though withdrawing a 1million USDT by having a $1 USDT value still worth a million, so of course if i were him i will always choose to do the things that i may never get in trouble.

abel1337

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If that scenario happened to me I will most likely move to a country where I can withdraw the money. Citizenship is not easy but you can do peer-to-peer transactions outside your country since your banks in your country would probably block the incoming deposit if they find out that it came from crypto. If I found a way to withdraw funds from crypto in my own country it would be better. I'm sure even if it is banned in your country there is someone who is willing to buy that in your country, You just have to find a way to find them.

mbe48

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Hi.
I don't think you need to move to a legal Crypto country, if only to withdraw that large amount of money. The state only prohibits Crypto in the form of transactions, a small example is buying and selling of goods using / replacing fiat money with Crypto. Crypto is a digital asset with an investment functionality that might be just fine. And a little advice, if you want to make a withdrawal, maybe you can set the withdrawal time and the amount to be withdrawn

Question123

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Huge amount of money is very dangerous to withdraw all that amount of money in one withdraw Because for sure the government once see that transaction possible will freeze or hold your money once you withdraw it so better if you are going to withdraw divided so they will not see that because you withdraw a little amount day by day but I believe they have country who are not strict in withdrawing a big amount of money.

davidcarpediem

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Quote from: memed97 on March 04, 2021, 06:48:58 PM

Quote from: davidcarpediem on March 04, 2021, 08:44:48 AM

i recommend binnance to withdraw fiat
i withdraw 50 000 EUROS and it cost me 0,80 cents ...it was done in 3 minutes.
just perfect

Obviously very perfect, because the Binance exchange is an exchange that has a lot of features and support which can make it easier for anyone in any case, be it withdrawals, or anything else.

i sold my BNB at 269$ so not sure if it was the smartest choice but anyway it is done .. can always go back after big correction if it goes. But i have to admit binance platform is one of the best

Javi_Anibarro

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Wow you guys are advising him to break the law? No matter what is the reason, when the government says you can not cash out/withdraw your Crypto into Fiat that means you can not. Let's try to be civil guys, it is fine to be a crypto supporter but that does not mean we can break the law here.
There is a simple way to do it, just move out to a crypto-friendly country and cash out there. Afterward goes back to your country, with it you can get your profit and at the same time become a good citizen or ask someone you know out of your country to withdraw it and asking him/her to send it back to you.
This looks simple but if we do not change this habit, it will bring a huge impact on our behavior and it might have a negative impact on the country itself. Always looking for the bigger picture, please.

Vatimins

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1 Million USDT is not that huge for you to have to go and leave your country just to be able to withdraw or enjoy the fruits of your efforts. There are various ways to do this just as what others above have mentioned. But you have to be cautious though, since that amount is fairly eye catching, you better be sure with whoever you are transacting with because in this industry, when you make a mistake with these kind of things, there are no second chances. Good luck to you my friend.

bakasabo

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Quote from: Pelana vreo on March 04, 2021, 10:28:00 PM

Quote from: udayantha11 on March 02, 2021, 10:34:43 PM

Hi

If i say i am from anti crypto country means withdrwals and deposits prohibited.

If i get a huge profit of 1million usdt. So how can i withdraw it, shall i move to crypto friendly country and withdraw or any solutions ?

I think you have found a solution to this problem, Mastercard and Paypal still accept Bitcoin as payment, there you can make buying and selling transactions with Fiat currency. P2P transactions you can also do and in this forum, there are many members who can help you, just make sure they have a good level of trust in the forum.

For your information, PayPal can freeze his account with a finger snap. Even if he will just login from a new device. And it will take months, if not an eternity to unfreeze account.

Also, are you sure that PayPal accepts bitcoin as a payment? As far as I know, PayPal allow only to buy and sell bitcoin within their platform, and only for US citizens. You can transfer bitcoin from your wallet to your PayPal account, and later withdraw fiat to your account. It will be a 100% account freeze.

Pelana vreo

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Quote from: udayantha11 on March 02, 2021, 10:34:43 PM

Hi

If i say i am from anti crypto country means withdrwals and deposits prohibited.

If i get a huge profit of 1million usdt. So how can i withdraw it, shall i move to crypto friendly country and withdraw or any solutions ?

I think you have found a solution to this problem, Mastercard and Paypal still accept Bitcoin as payment, there you can make buying and selling transactions with Fiat currency. P2P transactions you can also do and in this forum, there are many members who can help you, just make sure they have a good level of trust in the forum.

memed97

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Quote from: davidcarpediem on March 04, 2021, 08:44:48 AM

i recommend binnance to withdraw fiat
i withdraw 50 000 EUROS and it cost me 0,80 cents ...it was done in 3 minutes.
just perfect

Obviously very perfect, because the Binance exchange is an exchange that has a lot of features and support which can make it easier for anyone in any case, be it withdrawals, or anything else.

Pamadar

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Quote from: jasonjm on March 04, 2021, 12:45:34 PM

Quote from: udayantha11 on March 02, 2021, 10:34:43 PM

Hi

If i say i am from anti crypto country means withdrwals and deposits prohibited.

If i get a huge profit of 1million usdt. So how can i withdraw it, shall i move to crypto friendly country and withdraw or any solutions ?

P2P is the best option for you to exchange the profit into your native currency. Although it is prohibited in your country but still you can find many of your fellow country man investing and trading in crypto. Just go for some options like LBC or Binance P2P option for easy conversion of your profit.

By doing this also have a high risk, though it's really one of the best way.

Finding someone from your country who are also into this business, safe if do your research properly before dealing face to face
with someone, but when you successfully execute it and the transaction went well then you'll enjoy your earned money. Not easy
though as trust still the big issue, criminals are everywhere and the amount of money that in stake is very huge.

jasonjm

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Quote from: udayantha11 on March 02, 2021, 10:34:43 PM

Hi

If i say i am from anti crypto country means withdrwals and deposits prohibited.

If i get a huge profit of 1million usdt. So how can i withdraw it, shall i move to crypto friendly country and withdraw or any solutions ?

P2P is the best option for you to exchange the profit into your native currency. Although it is prohibited in your country but still you can find many of your fellow country man investing and trading in crypto. Just go for some options like LBC or Binance P2P option for easy conversion of your profit.

speedforce

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Quote from: semobo on March 02, 2021, 10:37:38 PM

Quote from: udayantha11 on March 02, 2021, 10:34:43 PM

Hi

If i say i am from anti crypto country means withdrwals and deposits prohibited.

If i get a huge profit of 1million usdt. So how can i withdraw it, shall i move to crypto friendly country and withdraw or any solutions ?

If it is 1 million then you can move to other country and pay the taxes there to withdraw the profits. Or you can simply use peer to peer trading platforms to convert them into your own bank account without mentioning this as returns from your investments.

I think its possible to do p2p trading, but if the tax related officer suspicious about the wire transfer transaction. Isnt it possible to them track down it and asking where the money came from?
It will be have some law issue if the money sender admit that is crypto-related transaction.

criket

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Quote from: optimisticcm on March 04, 2021, 12:06:30 PM

I think there is no country that can completely stop crypto so you should try to sell at peer to peer platforms directly to the seller or even if you do not want to do that you can sell to your local area exchanger or some friemds who want to buy crypto.

I think there are lots of peer-to-peer exchange platforms. they can help the OP to take advantage of what it has got. some members suggested doing it. I think it's enough to be able to choose the best way from the many suggestions that are already in this thread.
one more thing, I am sure that in his country there must be a community on social media that can help him. although in his country no legalization is even prohibited. but I believe he is not the only one who is playing in the crypto market of his country.

thesmallgod

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You will have to explain how and where you get your coin in the first place since you said withdrawal and deposit is prohibited in your country. I am not sure if any country have a central crypto trading platform so if your country forbid buying and selling crypto, they would have done that through regulations of financial service providers in your country. In that case you can still trade on DEX and might consider using VPN. Alot of CEX does not mandate KYC but you will need to be making withdraw little by little and store in a non custodial wallet

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