Post
Topic
Board Bitcoin Discussion
Re: How would I cashout from Crypto to my bank in US (or India) ?
by
TribalBob
on 20/09/2021, 15:10:12 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).

too complicated when it comes to taxes,
try to find a bitcoin atm machine that is available in your country I think you can make the card without KYC if you withdraw under 1 Btc the same as the exchange has a limit if you don't want KYC
or the easy way is to do p2p transactions with people you know, or use paypal maybe