Huge profit but how to withdraw - page 5.

Matimtim

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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 nothing to wprry about that, because here in my place crypto currency isn't totally legal and no laws allowing bitcoin transaction or any other transaction by means of crypto currency, but I can easily cash-out without any permission by the government in this country. I f you think they can notice if your money has been transferred to your bank account because its big amount of money then dont cash-out it in one transaction, make it two or more to avoid that situation.

kvok1

newbie

Activity: 15

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its hard to say when we dont know which country is it , maybe just make trip to nearest crypto save country , swap for gold sell it there , bring it sell it your country / or keep some amount of gold for later sell,

spent crypto for flight tickets , vacation .... , buy car ( not lambo but average car ) if its possible in nearby countries

check if there are crypto atm to sell crypto , atm will be limited for one transaction cca 1000 - 5000 usd, its gonna be a full time job

but before do the math if its worth to do it

and one more tip maybe you can buy citizenship in caribic try to google The World's Most Crypto-Friendly Countries,

sgenuine

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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 ?

Indeed, if we are talking about receiving such a huge amount as a million dollars, then the most correct option is to move to the country where cryptocurrencies are more or less legal. Although, as far as I know, in many countries there are still no categorically prohibiting laws that relate to the cashing of cryptocurrencies.

The question depends only on the amount of taxes that will have to be paid without fail. But there are many ways to get around this need, for example, use different exchanges that provide these services.

coinmaster241

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Quote from: Bttzed03 on March 02, 2021, 10:48:54 PM

Central Bank of Nigeria recently issued a memorandum to ban all bank accounts of users that were involved in cryptocurrency trading but Binance P2P added Naira as one of their fiat option. Check that platform. Your local currency might be available there too.

Yes, that's right, there are lots of currency options, especially from different countries and even a class like China, I hope your country's currency is included in it, just check.

Princejebs

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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 hope this is not some Phisin kind of web platform that resemble crypto exchange. First they will tell you to withdraw huge amount of money and it will get to a point when your transaction will be stuck and they will ask you to make some deposit, this is where you need to be careful.
If what you said is true and you know this from beginning, why trade on such exchange?
You can move your funds gradually if they allow until you complete the withdrawal.

jrrsparkles

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Million dollar is enough to start your life on a country you wanted to live where cryptos or regulate or not recognized. If you move to country where crypto taxes are yet to be implemented then you can completely get that 1 Million USDT but if it have any capital gains then you need to pay the taxes on developed country according to their tax rates.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

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 ?

Moving to a crypto-friendly country might be too overkill but it will surely solve your problem, OP.
You should look for p2p groups that does that. What country are you from? Is there a local section of your country here in the forum, you might be better off discussing that matter in that section, if any.
Otherwise, look into social media groups like Facebook so that you can find any leads.
It's a bit riskier there rather than here because even comments there is being flooded by random shills.

Wawa2013

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If you live in a country that prohibits cryptocurrency, you can still cashout using P2P platforms. And you can also ask for help from your friends
or your family who live in countries where Bitcoin is legal. In conclusion, there is always a way to make a withdrawal when you are trading crypto
and get huge profits. So when you live in a country where crypto is prohibited, it's not the end of everything.

criket

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Activity: 896

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Quote from: ?? on ??

If you are from a crypto prohibited country, you can't withdraw or cash your funds legally. YOu can only sell and cash it with person to person by communicating locally in a secret way which is risky but this is only way to cash it out. Most of the users from a crypto ban country suffer this very much like you and me.

you are wrong, that is not the only way to be able to take the benefits he gets.
try to read what's already above you. many members have given good advice. because there are exchanges that support converting crypto to money that applies in all countries such as USD. and withdrawals can be made directly to the Central Bank in the country usually.

Kelvinid

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win lambo...

Quote from: Twinkledoe on March 03, 2021, 03:17:08 AM

Quote from: ?? on ??

the solutions are many and just as easy, first leave them in the usdt and get a wirex-type card and change a little just for use, second use hand swaps/change or ATMs, third make transfers through exchanges

Or better yet, if he has a friend, relative or anyone that he can trust outside of his country, who is residing in a crypto-friendly area, he can ask a favor to convert his crypto into fiat. And then send the fiat to him, of course just pay his friend for the trouble. Also, hope that he can find a friend who is familiar in dealing with crypto.

That could be the best option, otherwise, OP has to wait until the time that crypto is welcome in their country.

Banning, not allowing people to use and trade their cryptos, are some reason why some people are not quite interested in crypto anymore. How could have the sense if we just ended like this, unable to withdraw. It just like we are throwing our money outside.

I can imagine how OP is mad for his situation. May He have friends outside his country to make a favor so he can also benefit from the hard work he put on his investment.

CryptoATM

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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 ?

It depends entirely how you make this profit of yours, sorry if I sound too nosey, your topic said 'huge profit but how to withdraw' and your post says if you get a huge profit, mind me asking how you make such profit? Anyways if that profit of yours is made in the right way you got nothing to worry about, all you have to do is use P2P platforms, you send USDT to other and you get Fiat sent to your account direct from the buyers, not third party involvement

slaman29

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Livecasino, 20% cashback, no fuss payouts.

Move it to yourself. No need to move it to any exchange.

And go ahead and sell it p2p on a lot of platforms. You might end up selling it much faster than on a normal exchange actually with an even better price. You won't run into problems unless your own bank starts calling you up though but that's why you open 10 bank accounts to trade p2p;)

ZaraCB

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

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 ?

Crypto is banned in our country like yours. But still here we can exchange crypto. I think the government where crypto is banned is not so expert that it will find you.
1. You can keep your location secret using VPN.
2. There are some crypto exchanges where peer to peer trading can be done such as Binance, Kucoin. You can find out in all these exchanges whether you can trade in your local currency.
3. You can ask your local community for help.
4. Wait until crypto is legal in your country.
5. Go outside where crypto is legal.

masterrex

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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 ?

Thats really a complicated problem that needs a complicated solution, $1Million USDT is equivalent to $1 million dollars a huge amount of money, and since it was prohibited in your country according to your status you have a hardtime to cash it out. I think you can use a VPN to hide your real location and identity and withdraw it to your personal wallet and then you can do any available options like P2P or any kind of arrangement that is possible. just keep trying.

Ceyflix-Rez

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$CYBERCASH METAVERSE

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 ?

Must you trade the whole amount at once? That's way too big for a single transaction, use peer 2 peer exchange like binance and link your bank account, it works but I suggest making the withdrawal I'm days, probably a week?

doctor877

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Activity: 896

Merit: 115

firstly you will have to make withdrawals bits by bits through a trusted friends that will be able to send you the funds in your own currency. another alternative is to go to a country where there is no ban on cryptocurrency and follow protocols to make withdrawals. the former is more easy if you have a trusted friend.

Twinkledoe

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Quote from: ?? on ??

the solutions are many and just as easy, first leave them in the usdt and get a wirex-type card and change a little just for use, second use hand swaps/change or ATMs, third make transfers through exchanges

Or better yet, if he has a friend, relative or anyone that he can trust outside of his country, who is residing in a crypto-friendly area, he can ask a favor to convert his crypto into fiat. And then send the fiat to him, of course just pay his friend for the trouble. Also, hope that he can find a friend who is familiar in dealing with crypto.

bonyaserg

jr. member

Activity: 1876

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In this situation, you can proceed as follows. Withdraw funds as much as possible in another country. The rest of the cryptocurrencies can be converted into other coins that are currently most relevant and will bring great profit in the future. In any case, cryptocurrency is currently the most relevant investment business. And if you manage your funds correctly, you can forget about work and enjoy life for a long time.

palle11

sr. member

Activity: 2366

Merit: 332

Many have suggested P2P as a way you can get your cash, that is a good suggestion. If your country has ban cryptocurrency, it doesn't stop your trading business, so don't lose hope. If you make a small a huge profit, you don't need to travel to another country to withdrew it, you can withdraw little by that gradually through P2P. Check binance exchange, you will get solution.

Lagduf

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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 ?

You can try to do that by doing peer to peer transaction, If better if you avoid any transaction that will be linked into your bank account and I'm sure that if you will be traced by the authority.
You can start to convert your balance to the native coin and then you can try to sell it for the Paypal balance or something else.
You may need to withdraw it started from a small amount of money.

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