I would presume one of the cheapest places to sell the BTC would be the UK, I believe you would pay CapitalGains on the sell and it will be 28%
https://www.gov.uk/government/publications/rates-and-allowances-capital-gains-tax/capital-gains-tax-rates-and-annual-tax-free-allowances
Topic: I have around 8000 BTC,but my country are too small cap to cash out - page 9. (Read 1483 times)
January 06, 2018, 05:31:41 AM
January 06, 2018, 05:27:12 AM
Even in the U.S. you wouldn't be able to withdraw it all at once either, although caps are larger. That's not a criticism on Bitcoin that's because our systems are so flawed. So I suggest just keeping the Bitcoin and keep withdrawing your cap ever week or month. You'll probably enjoy seeing your Bitcoin grow in value over the years anyways. And who knows I bet with time your country will learn to adopt Bitcoin faster.
January 06, 2018, 05:12:17 AM
can you let me know which country can do withdrawal for 100million usd fund?
I really don't mind pay 50% tax to gov or whatever,I just want to cash out.
is US legal for 100million fund withdrawal?how much taxes I need to paid for that?
I really don't mind pay 50% tax to gov or whatever,I just want to cash out.
is US legal for 100million fund withdrawal?how much taxes I need to paid for that?
The worst case is that you will have to pay taxes to 2 countries. Your own and the country that you sell them in.
That could happen if your country does not have a tax agreement with the 2nd country.
And of course it is legal to withdraw money. Could be difficult to get that much cash though.
January 06, 2018, 04:59:51 AM
id probably make a plan to contact Gemini - and see if they are interested in buying that large volume. If and when you take a trip to their offices to sort it out. Other than that i really doubt you can sell that large volume without any bullshit happening.
January 06, 2018, 04:58:27 AM
then if have that lots of btc and malaysia can't afford to cash out all that btc then try to another country or try not to cash out all only the capacity of your country
January 06, 2018, 04:55:16 AM
If you are not scam (which probably you are) please get in touch with me.
January 06, 2018, 04:55:05 AM
you can go to another county that have big caps if you really had 8k btc and live there happily forever
January 06, 2018, 04:52:35 AM
I'm from Malaysia,and I brought 8000btc when many years ago(and glad that I still have found back).
It's not joking right? Let me us know your address were funded 8000BTC. if you able to given a proof by sign message so congrats, you're one the most lucky on this planet. There is many way yo make your money be fiat money. I just trying with keywords " Exchanges in malaysia, so i got refference : https://www.buybitcoinworldwide.com/malaysia/ " I see a popular exchanges those listed. did you trying? You can do for daily withdrawal for max limit.
January 06, 2018, 04:49:40 AM
Dude, congratulations. Can you take your bitcoins and move to another country?
Edit: to anyone who considers assisting the OP, beware of the potential for advance fee fraud.
Edit: to anyone who considers assisting the OP, beware of the potential for advance fee fraud.
January 06, 2018, 04:44:06 AM
Guys,
I'm from Malaysia,and I brought 8000btc when many years ago(and glad that I still have found back).
I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.
I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.
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updated: 6.1.2018 4:54pm
what country that can support 100 mil usd withdrawal?
I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.
I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.
I'm from Malaysia,and I brought 8000btc when many years ago(and glad that I still have found back).
I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.
I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.
——————————
updated: 6.1.2018 4:54pm
what country that can support 100 mil usd withdrawal?
I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.
I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.
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