Ninjastic
PostEdited versionsQuotes to this post
Post was edited
 6 days ago (view)
Post
Topic
Board Bitcoin Discussion
Re: How do i cash out old bitcoin legally without getting destroyed by taxes?
by
headingnorth
on 20/07/2025, 01:05:17 UTC
Quote from: Bitcoin_Arena on July 19, 2025, 11:58:17 PM
Quote from: stompix on July 19, 2025, 07:56:04 PM

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 trying to cash out close to $300K in that fashion.

Quote from: headingnorth on July 19, 2025, 10:46:59 PM
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? I curiously want to know.



Obviously, you don't sell it all at once. You have the option to be
paid in cash or any other means agreed to with the buyer.