Post
Topic
Board Bitcoin Discussion
Re: How do i cash out old bitcoin legally without getting destroyed by taxes?
by
Bitcoin_Arena
on 19/07/2025, 23:58:17 UTC

Way cheaper with fewer headaches would be just to travel around Europe and cash out at ATMs while on vacation, still plenty of countries with no KYC under 500-1000 and still enough ATMs
with under 5% fees.
Cheaper if there was no travelling around and "forced vacations"  Grin
I think it's sort of hectic to cash out close to $300K in that fashion.

You can try selling on non-KYC exchanges like Bisq or Robosats.
How will he explain the additional $300K in his accounts to the tax authorities?