Bitcoin Forum

Hello,

Due to the growth of BTC, I'm thinking about selling them.
But I don't know what/how to declare this income to the authorities and how to explain it to my bank (I live in France).
So for me the solution would be to exchange my BTC for cash.


I searched a little and came up with these four solutions :

1. Use bitcoin-24.com; they propose to send you cash directly at your house ("Parcel EU" - 55€ fee)
    I wouldn't trust a postal service, even a private to receive cash.

2. Use bitcoinnordic.com; they propose a cash payout in Copenhagen (unknown fee)
    It could be a good solution, but I'm afraid they will only propose DKK and not EUR. Also the fee could be high.

3. Open a Swiss account, do a SEPA transfer (European bank transfer) on it, withdraw in cash (unknown fee).
    I know it is difficult to open a Swiss account, but some websites help you open an account with money back guarantee if they fail.
    For the moment, this is for me the safest and easiest way to get cash from BTC.

4. Use localbitcoins.com
    I would be obliged to sell my BTC to lots of different people.


Did somebody already used one of the above methods ? Did everything went find ?
Do you have other methods ?
If you are going to reply "don't sell your BTC", please do not. It's not the question of this topic.

Thanks

You would declare your profits in the same way you would if you had bought and sold shares.

Also, why would you have to declare anything to your bank? I'm pretty sure they won't care about you receiving funds, although for large amounts they might take longer to clear. Also bear in mind SEPA only covers transfer under 100,000 I believe?

If BTC is considered as shares by the French government, it would be taxed as followed :

http://www.anony.ws/i/2013/04/10/UFkmI.png
Source (in French) : http://www.francetransactions.com/impots/imposition-plus-values-2013.html (http://www.francetransactions.com/impots/imposition-plus-values-2013.html)

There's no limit for SEPA transfers.