Post
Topic
Board Bitcoin Discussion
Re: transferring bitcoin to paypal
by
stevegee58
on 04/03/2018, 19:08:11 UTC
Reason I said paypal is because you can pay for purchases like that.

I want to avoid bankaccount transfers as our government want 33% of the profit we make...

Usually it's the exchange (e.g. Coinbase) that reports to the tax authority.  In the US the IRS is only interested in Coinbase customers with >$20,000 in profits.  Paypal also doesn't report anything to the IRS that's <$20,000 in one year.

You didn't say how much money you're looking to convert.