Post
Topic
Board Bitcoin Discussion
Re: How would I cashout from Crypto to my bank in US (or India) ?
by
sam00
on 20/09/2021, 18:18:02 UTC
Thanks for advice. I guess, let me check ATM. (at least for small amount).
For large amount like 5 BTC, I will keep checking, what would be best to keep it straight.
Cashing out small amounts shouldn't be a problem at an ATM.
If you actually wanna cash out 5BTC you should just get a tax consultant that is familiar with cryptos or specifically bitcoin. Paying a few houndred $ won't make a huge difference on your earnings and you will be on the safe side of the law Wink
There are very few consultants, who are expert on this subject. Let me google and see, what I can find in US.
You should find quite a few consultants right away when gooling something along the lines of "crypto tax consultant united states" but be aware that there might be scammers aswell. Be carefull what sites you visit and what links to click on.
Do a lot of research so you don't end up losing your hard earned bitcoin Smiley