consfer.com brings up nothing.

Not happy to KYC on some of the funds, but I can do it if need be.

My main question is what constitutes as 'I own these', when there are no receipts or documentation, bank transactions or anything.
I understand things differ depending on jurisdictions, but it's all new to me.

But even KYC doesn't work when the banks refuse transactions from exchanges and they demand proof of initial purchase to the final transaction.
What a headache.

By the way, does anyone know the legality of P2P transactions? Is it legal to buy and sell BTC for cash from a random person in your jurisdiction?
I read something about having to go through an authorised, legalized entity.


By 'business takes in the BTC' do you mean I set a business or hook up with an existing one?
And if I set up a business, how would the business get hold of the BTC and convert them to cash? Don't they run into the same issue?

I reside in the Netherlands.

Looking to cash as little as possible but that would be anywhere up to 30 or 40 within the next year.
I reside in a country where there is a high chance that no capital gains taxes are charged, however I'm not trying to evade taxes or anything of the sort.
I don't even mind paying the taxes if need be, but of course will fight like a honeybadger to not be treated unfairly and I'm very interested in optimization strategies, so will dig in.

I think most useful information for me at this point would be to know how people,
let's say libertarian-minded folk have dealt with this issue in different jurisdictions.

P2P options are always there I understand, but in my case I really need to figure out an on-ramp to get the funds 'online'.
Optimization options are interesting so far as they are legal, but I don't want to even be seen to try to set up elaborate structures just to cash in
something that I legally own. But a company set-up strategy that benefits the actual company in some significant way is an interesting thought,
so thanks for the hint, I'll look into it and will read through your thread.

At the same time I don't want to step into some legal anti-personnel mine just for being ignorant, so I gotta study about the risk-profile in the legal sense,
because the systems that govern are very unforgiving as I'm sure many of us have experienced first hand. There's very little sympathy out there.
So it's all about making a well-reasoned calculated move.

Thanks for quick replies and wishes, I'll dig around more and check out the ideas mentioned,
I'll follow up when I know better to spread the word.
I'm sure everyone in the same situation understands the spirit.

We are in the early stages, keep up the spirit!
Anybody reading this with ideas, come forth and show us the way, stir the pot!

Hi,

Question about cashing in BTC in EU. (asking fresh advice after scouring through the forums)

I've been hodling a handful of BTC for almost 10 years, with a few shitcoin excursions in the early years.

Since then, just hodled quite conservatively.

Here's the complex part:

I bought almost all of them with cash from an ATM at < 1000e.

I have no receipts, no proof of purchase and I have mostly self-custodied them on a multiple hardware wallets since.

Funds have moved wallets multiple times and I don't have all the transactions in between then and now. I do have some records from old exchanges but not a complete history.


That said, I think I might be able to control my 'first' hardware wallet. As a privacy proponent I also mixed some the coins a few years ago.

So now I'm in a situation where I need to grudginly cash-in some of it to stay warm in the house.
I need to get the funds in a bank account so I can pay bills, so I am not looking for p2p cash deals.

My understanding is that a traditional bank will frown at this to say the least.

What are my options? Does anyone have any experience on how to go about this in a legitimate way?

If bank, what kind of proof do they need in this case?
How to go about 'proving ownership' or what is the procedure both with the bank and the tax folks?

Any legal, professional advice, resources, links or other information would be helpful. Based in EU.

Also if anyone knows any technical tools that could help me make sense of my transaction history in a secure way, would be great.

Thanks all,