Post
Topic
Board Legal
Re: Has anyone sold BTC won here in sig campaigns? how does tax work?
by
lienfaye
on 26/01/2018, 10:10:53 UTC
In the future I would like to buy some property with my BTC once it's worth a lot. Even small amounts made on signature campaigns in here could be worth a lot and may I want to diversify into real state in say 5 years or so.

I was wondering how would this be done? Im scared because we get daily news of any bank account that has to do with Bitcoin being frozen. I wouldn't like to be treated a criminal when I obtained my Bitcoin posting here... any help?
Which country are you from? Huge amount is really questionable to cashout especially if the exchange are regulated. Just provide the necessary proof that you accumulate your money through sig campaigns where you worked for years and not because you are connected in illegal activities.

I didnt encounter any problem converting my bitcoins to fiat directly to my bank account, I think it depends on the place where you are on how they deal in situation with high transactions.