Topic: I have around 8000 BTC,but my country are too small cap to cash out - page 5. (Read 1483 times)

What have you taken offense?!
I apologize.

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I have a buyer he is ready to make bank transfer.
After the translation 1satoshi as confirmation of a purse

If it is in China, I suggest you find some large dealer exchanges instead of exchanges, because the amount of money is too big to cause a lot of volatility and safety issues.

omg,
 u r in really very good position because u have 8k btc
i give u advice go another country .....

If i where you i would go to Vanuatu. Google this: "Bitcoin May Now Buy You Citizenship in One of the Happiest Countries"

wow! That so many bitcoins. Im sure if you just said are true then your bitcoin wallet have one of the biggest bitcoin funds. Well congratulations! but if you already cashout the bitcoin into fiat, once your government found out that you have that such wealth. Goodluck to your tax

The simplest way to do it is to send the BTC to someone else in another country, and pay them a fee for their service.

I live in the UK and can provide this service for you, we can start off with small amounts, I'll use my localbitcoins.com account and you'll pay me a small fraction for my effort.

This will be much cheaper than the capital gains tax you'll face elsewhere.

Here in my country it is very easy to cash our bitcoins.  I do not know if it is legal but it is seems like that.  Bitcoin can be encash on banks and other remittance center.  If you have that big amount of btc, why would you cash it all out.  Why not just reserve some.

another scammer!

So,  for 50 btc, I will give it a go.

If i where you i would try to go on a big market where you can actually spend that much money.

I do not believe you can cashout 8000 btc in one day, this process will  take month. This is not so much because it is hard to cashout, but because you went from "normal guy" to "extremely rich" and you do not know how to navigate in those water. You have to learn and to find helpful people which needs trust, which needs time.
Your main problem is to have a bank account and an exchange account in a country where the marketcap is very high.
If you go through a broker you will still need to get a bank account in a country that is not yours.


My solution is the following :
You have so much money you can buy yourself a new citizenship. This is also a gift for your childrens as they will have 2 different citizenship giving them much more flexibility in the future.

I would choose either Malta or Switzerland.

Malta
Malta gives you EU citizenship which in turn gives you the possibility to live anywhere in EU.  On the downside, you will have to pay the 30% flattax  on your capital gain. Go and check this page for information
To get citizenship, you have to :
-> pay 650 000$ to the government
-> Buy 350 000$ worth of real estate ( and keep it 5 years)
-> Buy 150 000$ worth of malteese investment
check here for more details http://www.maltaimmigration.com/

Which mean, you have to first cashout at least 1 150 000 $. I belive you can do it in your country.
Note that after this process that can be done in 3 month, you will already  to sell bitcoin for € and transfer it to yourself.
Then they will give you a eResidence and you then have to live 1 year in Malta, After a year, you will be Citizen of Malta and the EU. You can easily extend this citizenship to your wife and kids.
Citizenship canot be removed from you, which mean this all process is a lifetime bonus for you and your kid.

Cashing out in Malta might force you to pay the 30% flat tax. Depending when you do it, you might still be fiscaly in malaysia and thus pay 0% tax. But you have to  (triple) check this out.

Switzerland
Switzerland is not so straightforward to get as Malta, BUT the taxes are much lower (1% or less).
I am much less aware of how to achieve the same thing but i am sure it is possible. Switzerland is a federal country, which means it should be considered as various little country, and the process/ tax might depend on the "canton" you actually choose to live. Genève or Zurich will probably be the best choice.
The process to actually get citizenship will need you to live in switzerland much longer  (6month+/year for 12 years) . But you will get permanent visa fast and be able to cashout easily.

I would choose Malta if you do not care of paying 25 000 000 in tax but want to go back quickly in Malaysia. Otherwise i would choose Switzerland.

Regarding forkcoin
Do not forget to cashout your altcoins! Bch/bcg/btx/... /bcd( last !)

Other option
You can alternatively create a company in a big marketcap country ( never forget taxmen) and sell your bitcoins to a bank account belonging to this company. That would secure your exit price. But then will come the question of how to legally use this money that now belongs to your company...

this only good for discussion. please don't fall for this guy.

cashing is easy. taxing is difficult. that's why you need financial adviser to do the magic.

That was a very very big amount of money if you are truely not a scam and if you realy have that much money then dont withdraw it in one time withdrawal only. You can take it in one withdrawal even in a bank the government and the autorities will question you and freeze your money them accuse you as a scammer. My advice is just keep it to your wallet and sell it slowly like 5 to 10 BTC a day then slowly withdraw it and do small business.

It is not a good idea to cashout all the bitcoins at the same time because many governmets are freezing the bank account who earned lot of money from the crypto currency but I think it is possible in US but they are charging upto 40% taxes for crypto currencies but you said you don't mind that.
But I think you can do it by yourself buy selling it into the localbitcoins.com  by small,small amount into different bank accounts.It may take time but it is worth to do because earning money is not a easy job now.

That is an enormous amount, if you want to exchange it all with fiat money should not be done in one place
I mean, you have to move to move, from malaysia to another country, and in every country that you pass by you exchanging bitcoin your property. then go to another country until all your coins are sold out
and you should first go to my country, Indonesia and I will help you to exchange your bitcoin with fiat money how? ha ha ha 
You can send me pm if you are interested
I am a good person and I will help you 

The OP's problem is how to cash out his BTC. What should he do for your financial adviser when the adviser him/herself don't know how to cash out the BTC? In this forum he can get lots of idea how to cash out.

Well an amount that high would definitely get the attention of authorities if you involve banks. Better get a hard wallet to keep your wealth safe and then withdraw or transfer to your account little by little. A huge chunk of that amount will be eaten away if your government decides to tax you for it.

if you got 8000 BTC, you don't get advice from forum. You seek financial adviser.

I guess you don't have 8000 BTC.

Beware!

From this amount, I just fell out of my chair. 8,000 bitcoin? You can withdraw in a small part on the debit cards of relatives, wife, relatives of your wife. And so every month. I do not think it would be safe to withdraw huge amounts for one transaction.

So you are selling 8000 Bitcoins.

Sell your 8000 Bitcoins now and book the maximum profits. Bitcoin looks like going back to $1000

If you are not scammer, you can cash out your money in different country and especially you can sell btc to criminals)