Hello,friends
The question is more for those who once converted a lot of bitcoins into fiat to their bank accounts
How did you do it so that the tax authorities and the bank manager would not question where the money came from?
The thing is that many years ago i bought my bitcoins from a person in cash and he transferred them to me in my presence
How can i make sure that this money is transferred to my bank card without any problems?
-Regards
That’s the work of p2p exchanges and you can do that without having to have a risk thought of not receiving your money after you’ve initiated the sell of your bitcoin in the p2p platform. I have more trust to use those exchanges to trade my bitcoin for fiat than using any of the other methods of conversion that is available. While selling your bitcoin you’re at less risk to lose your money because the person you’re selling to have to send the money to your account and you confirm before releasing the coins for them on the platform.
About bank managers asking for the source of your money, it all depends on how your bank account is on their platform if youve registered as a student, worker or business man and the limit set in your account. They will only be suspicious if you do more than what your account warrants you to do. Like me, I’ll have my ways to get them persuaded where the money came from, although I don’t think anything of such has happened to me or will happen in the future.