Post
Topic
Board Bitcoin Discussion
Topic OP
How would I cashout from Crypto to my bank in US (or India) ?
by
abhisheks77
on 19/09/2021, 17:54:00 UTC
Hi,

I want to withdraw some of my crypto saving, and I am in US. Don't want to use Coinbase. Fees to one thing, but I don't want to get noticed and be in complication of taxes and IRS.
I have bank in India too, but I am noticing that Indian banks are even more strict than US banks when it comes to crypto withdrawal.

I am reading few options here and some posts suggest using crypto.com or unbanked card. But those too require KYC, so how good they are than coinbase? I am guessing they also reports to IRS.

Kash card is coming from Terra, but that is not released yet and not much information is available on that.

Please advise.

Thanks

(PS. I am not against paying taxes, but tax structure is not clear on cryptos and its calculation would let me pay unfair amount).