Post
Topic
Board Bitcoin Discussion
Re: How does a whale sell its huge amount of bitcoins and change them into fiats?
by
eaLiTy
on 29/06/2023, 15:39:37 UTC
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Especially since I read that some have problems with incoming transfers. Unfortunately I don't have millions  Grin, I'm just wondering how it's possible (for example to buy a house or something like that)
Everything depends upon the country you are living, if your country completely banned cryptocurrency trading, then you will be forced to move out and search for a free heaven and if i am selling off millions worth of cryptocurrency, i would move to a country with low taxes or no taxes at all like GCC countries and would take my time and set up business in a free zone. The only reason i will move out is because the taxes are really high for cryptocurrency here in my country.