Post
Topic
Board Legal
Re: Crypto friendly countries, where and how to exchange your crypto with 0 taxes
by
Lucius
on 15/01/2021, 15:28:23 UTC
I have some bitcoins that I've kept for a couple of years and I'd like to sell them for a profit, without paying a big tax on it, and then to transfer the money through bank transfer to my country. Here in my country I'd have to pay 20%, which is not acceptable.

You don’t want to pay taxes, but at the same time you want to involve your bank in the whole thing? If it is a larger amount of money, each bank will ask you about the origin of the money or will automatically report it to the tax office if required by law. If you want 0% tax then you have to sell your BTC for cash in the form of a transaction in person or find an ATM that does not have KYC - or a physical store that deals with the sale/purchase of cryptocurrencies.

Of all these countries, you are missing one in which you can really sell significant amounts of crypto without paying any taxes, without being a resident of it or without using any documents Wink