Bitcoin Forum

Hi

If i say i am from anti crypto country means withdrwals and deposits prohibited.

If i get a huge profit of 1million usdt. So how can i withdraw it, shall i move to crypto friendly country and withdraw or any solutions ?

If it is 1 million then you can move to other country and pay the taxes there to withdraw the profits. Or you can simply use peer to peer trading platforms to convert them into your own bank account without mentioning this as returns from your investments.

If you are considering to join crypto market as a trader or as an investor, you should begin by looking at the current law regulations on cryptocurrency and crypto exchanges, tax in your nation.

Then you will have a better mind on what you should do to choose exchanges, which cryptocurrency is not prohibited, how to submit your tax report.

The important step when you choose one exchange and decide to use it. Try to make your first deposit (small amount) and make a withdrawal to see how those processes go on. Pay attention on volume, reputation and scores (coinmarketcap or coingecko have their score or trust ratings for exchanges). You can search their past reputation with exchange name and scam accusation.

Central Bank of Nigeria recently issued a memorandum to ban all bank accounts of users that were involved in cryptocurrency trading but Binance P2P (https://p2p.binance.com/en) added Naira as one of their fiat option. Check that platform. Your local currency might be available there too.

So where exactly did you trade now that you are allowed to do so?

Most countries that are not crypto-friendly are most likely list to the list of countries that residents are not allowed to trade. If you are currently on DEX that allows you to trade then you are all good. The suggestion above like P2p will work for you.

How did you get into buying crypto in the first place? I believe if you can answer that then may be your problem is solved. Look, You most have gotten you investment cash into the crypto ecosystem to trade through some means and what ever that means is, that is how you can also withdraw them but if it was that the case of the ban happened after you have started trading and that you can no longer acces your trade or is it like in Nigeria where it is just the bank that where instructed not partake in crypto trading accounts, then you can resolve to P2P trading but if it is a total Ban on crypto, then I guess you have to find a way to access your funds may be in another country  ;D

I didn't say that the OP is from Nigeria. Did you not read the "Your local currency might be available there too" part? I am giving the him/her an example of a country that recently enforced a ban and yet there's a P2P exchange that still allows fiat-crypto (vice versa) trading.

I think even its prohibited on your country. You can definitely find any groups or institutional buyers that transact crypto even its prohibited. Peer to peer method is the best way or find an OTC where you could negotiate regarding price. 1million usdt is big money and I think some are be willing to buy it on a lower price selling point. At least you wouldn't have problem exchanging it to currency. Accept it even foreign currency and I'm sure there is an exchange of that currency on yours.

You can try to do that by doing peer to peer transaction, If better if you avoid any transaction that will be linked into your bank account and I'm sure that if you will be traced by the authority.
You can start to convert your balance to the native coin and then you can try to sell it for the Paypal balance or something else.
You may need to withdraw it started from a small amount of money.

Many have suggested P2P as a way you can get your cash, that is a good suggestion. If your country has ban cryptocurrency, it doesn't stop your trading business, so don't lose hope. If you make a small a huge profit, you don't need to travel to another country to withdrew it, you can withdraw little by that gradually through P2P. Check binance exchange, you will get solution.

In this situation, you can proceed as follows. Withdraw funds as much as possible in another country. The rest of the cryptocurrencies can be converted into other coins that are currently most relevant and will bring great profit in the future. In any case, cryptocurrency is currently the most relevant investment business. And if you manage your funds correctly, you can forget about work and enjoy life for a long time.

Or better yet, if he has a friend, relative or anyone that he can trust outside of his country, who is residing in a crypto-friendly area, he can ask a favor to convert his crypto into fiat. And then send the fiat to him, of course just pay his friend for the trouble. Also, hope that he can find a friend who is familiar in dealing with crypto.

firstly you will have to make withdrawals bits by bits through a trusted friends that will be able to send you the funds in your own currency. another alternative is to go to a country where there is no ban on cryptocurrency and follow protocols to make withdrawals. the former is more easy if you have a trusted friend.

Must you trade the whole amount at once? That's way too big for a single transaction, use peer 2 peer exchange like binance and link your bank account, it works but I suggest making the withdrawal I'm days, probably a week?

Thats really a complicated problem that needs a complicated solution, $1Million USDT is equivalent to $1 million dollars a huge amount of money, and since it was prohibited in your country according to your status you have a hardtime to cash it out. I think you can use a VPN to hide your real location and identity and withdraw it to your personal wallet and then you can do any available options like P2P or any kind of arrangement that is possible. just keep trying.   

Crypto is banned in our country like yours. But still here we can exchange crypto. I think the government where crypto is banned is not so expert that it will find you.
 1. You can keep your location secret using VPN.
 2. There are some crypto exchanges where peer to peer trading can be done such as Binance, Kucoin. You can find out in all these exchanges whether you can trade in your local currency.
 3. You can ask your local community for help.
 4. Wait until crypto is legal in your country.
 5. Go outside where crypto is legal.

Move it to yourself. No need to move it to any exchange.

And go ahead and sell it p2p on a lot of platforms. You might end up selling it much faster than on a normal exchange actually with an even better price. You won't run into problems unless your own bank starts calling you up though but that's why you open 10 bank accounts to trade p2p;)

It depends entirely how you make this profit of yours, sorry if I sound too nosey, your topic said 'huge profit but how to withdraw' and your post says if you get a huge profit, mind me asking how you make such profit? Anyways if that profit of yours is made in the right way you got nothing to worry about, all you have to do is use P2P platforms, you send USDT to other and you get Fiat sent to your account direct from the buyers, not third party involvement

That could be the best option, otherwise, OP has to wait until the time that crypto is welcome in their country.

Banning, not allowing people to use and trade their cryptos, are some reason why some people are not quite interested in crypto anymore. How could have the sense if we just ended like this, unable to withdraw. It just like we are throwing our money outside.

I can imagine how OP is mad for his situation. May He have friends outside his country to make a favor so he can also benefit from the hard work he put on his investment.

you are wrong, that is not the only way to be able to take the benefits he gets.
try to read what's already above you. many members have given good advice. because there are exchanges that support converting crypto to money that applies in all countries such as USD. and withdrawals can be made directly to the Central Bank in the country usually.

If you live in a country that prohibits cryptocurrency, you can still cashout using P2P platforms. And you can also ask for help from your friends
or your family who live in countries where Bitcoin is legal. In conclusion, there is always a way to make a withdrawal when you are trading crypto
and get huge profits. So when you live in a country where crypto is prohibited, it's not the end of everything.

Moving to a crypto-friendly country might be too overkill but it will surely solve your problem, OP.
You should look for p2p groups that does that. What country are you from? Is there a local section of your country here in the forum, you might be better off discussing that matter in that section, if any.
Otherwise, look into social media groups like Facebook so that you can find any leads.
It's a bit riskier there rather than here because even comments there is being flooded by random shills.

Million dollar is enough to start your life on a country you wanted to live where cryptos or regulate or not recognized. If you move to country where crypto taxes are yet to be implemented then you can completely get that 1 Million USDT but if it have any capital gains then you need to pay the taxes on developed country according to their tax rates.

I hope this is not some Phisin kind of web platform that resemble crypto exchange. First they will tell you to withdraw huge amount of money and it will get to a point when your transaction will be stuck and they will ask you to make some deposit, this is where you need to be careful.
If what you said is true and you know this from beginning, why trade on such exchange?
You can move your funds gradually if they allow until you complete the withdrawal.

Yes, that's right, there are lots of currency options, especially from different countries and even a class like China, I hope your country's currency is included in it, just check.

Indeed, if we are talking about receiving such a huge amount as a million dollars, then the most correct option is to move to the country where cryptocurrencies are more or less legal. Although, as far as I know, in many countries there are still no categorically prohibiting laws that relate to the cashing of cryptocurrencies.

The question depends only on the amount of taxes that will have to be paid without fail. But there are many ways to get around this need, for example, use different exchanges that provide these services.

its hard to say when we dont know which country  is it , maybe just make trip to nearest crypto save country ,  swap for gold  sell it there , bring it sell it your country / or keep some amount of gold for later sell,

spent crypto for flight tickets  , vacation .... , buy  car ( not lambo but average car ) if  its possible in nearby countries

check if there are crypto atm to sell crypto ,   atm will be limited for one transaction cca 1000 - 5000 usd,   its gonna be a full time job

but before do the math if its worth to do it


and one more tip  maybe you can buy citizenship in caribic  try to google     The World's Most Crypto-Friendly Countries,

I think nothing to wprry about that, because here in my place crypto currency isn't totally legal and no laws allowing bitcoin transaction or any other transaction by means of crypto currency, but I can easily cash-out without any permission by the government in this country. I f you think they can notice if your money has been transferred to your bank account because its big amount of money then dont cash-out it in one transaction, make it two or more to avoid that situation.

The solutions are you need to find someone from the other country to help you buy and sell the bitcoin or find local sellers who can help you send the money to your bank account. I am sure that people from your country will offer this service to many people, even if in your country, crypto is prohibited.

But how about using Paypal? I hope you can use Paypal to deposit your money to crypto, withdraw the crypto into your fiat money, and send it into your bank account.

Multiple ways are there and which has been posted already in this thread. For example, p2p, local exchanger, cash money etc.

If you believe that these options are still risky and you may get set up in your local authority for exchanging such high amount of money then you will have to take the longest path for the good to happen!

Most of the time we have relatives / friends who are learning outside the country, or may be settled in other countries lets say USA. You can always get in touch with them. Send your currency to their wallet and ask them to sell it for you. Obviously you need 1000% trust on them so that they will return you money. Or follow an escrow process here if you dont trust anyone.

Above this, ask them to wire transfer the money in the name of "Medical Emergency", "School/College Fees" in parts over period of time. This way you can also get free tax on this amount depending upon your country's rules and regulation.  :)

Perhaps the easiest way is to register in some of the many exchanges and sell your tokens for a currency that is accepted in your country/bank  - USD , EURO or something else. I don't think you need to do any other operations.

i thought depo is also unavailable so how come you profited 1m usd . dont tell me you win it via a crypto raffle or something but that wont be possible as well because when we say banned , that means all forms and kind of website related to it wont be existed in the first place .

if you badly want to know what it feels to touch and earn a crypto , your idea is good that you need to transfer to a crypto free country and thats how you start your crypto journey.

Many people can only dream of problems like yours!
First you need to understand how much you want to cash out and fix it in stablecoins. After that take care of how you can explain the origin of this money and only then cash out in another country or other jurisdiction. Prepare for the fact that you will need to lose part of this amount on all sorts of commissions and taxes.

udayantha11, which country you are from? Why do you need to withdraw your profit? Why dont you want to keep funds on exchanges/wallets and order a bunch of crypto debit cards ? There is a topic (https://bitcointalk.org/index.php?topic=5281485.0) about crypto debit cards (it is on Russian language, but you might use chrome and build-in translator to translate it) - you can get a bunch of them and do daily withdrawals. Usual daily withdrawal limit is 300-500 usd/eur. The more cards you use, bigger amount you can cash out daily.

Get some cash from cards, some amount using p2p exchange and leave the rest "on the card balance" and use them for daily expenses. I'm sure you dont need to withdraw "your 1 million USDT" and keep them in fiat.

- Indeed, exchanges are working on that, typically binance exchanges, which allow us to liquidate bitcoin for cash through a number of simple processes that only take a few minutes, a lot of investors are buying and selling USDT on the binance platform, he can check that out but check credibility before proceeding as some investors often delay the process. Except for this approach, bitcoin and crypto seem to have become too popular, a lot of groups on telegram and facebook in countries have small markets, he can withdraw money this way as long as he has found a reputable buyer

why are you worrying it, USDT is a stable coin, there are some ways which you can do and also make some profit, why not ask your friends if they are into crypto then sell them your USDT in exchange for real money in your country, or if that's a million dollars, you can move to other places or country, but I think ill go with selling it to my friends that are also with cryptocurrency,

well , it depend on your desire , 1 millions usdt its a huge amount of money , i can create new life from it , maybe u want create new life too with it, so u just move from your country , but if u want still there , just find on internet about who want to trade instanly , but care , scammer everywhere. But, I am a little bit wondering how such a thing could be a problem for you , i have many many way to withdraw to my bank account, even if my country prohibited.

Thats the best solution but it can be really risky and i dont think i will cash out using peer to peer for a huge amont like this and i believe this can be a problem...leaving your country is also a bad idea and i think the best solution is using peer to peer transactions but with small amounts and not all in one transaction

If you are from a prohibited country you cannot withdraw everything at once unless you have registered a company or you need to provide the source for the income and it wont be that easy since it is a huge amount of money. The only option is to withdraw the money every month as a salary for a freelance project through P2P and that is the only solution i know to overcome these.

I agree , with this he can access different exchanges if his country banned them to access that exchange, but the thing is with that amount of money it will be a problem for him so I suggest to deposit it or withdraw it or diversify it in different exchanges such as Binance, kraken , huobi or kucoin then take kyc if need, 1m usdt is too much to hold in just a single wallet and it is at risk.

i recommend binnance to withdraw fiat
i withdraw 50 000 EUROS and it cost me 0,80 cents ...it was done in 3 minutes.
just perfect

if I have a lot of profit the results from crypto  investment  to become real money of course I slowly withdraw my profit to my personal bank because in my country if taking large amounts of money is certainly in question maybe your country is the same as mine the solution pulls slowly the most important thing for sure

If you can settle to another country that would be a much better option rather than taking the risk to get cash by trick the government and by any chance you caught you better know the consequences what can happen with you So I would say its better to move to the crypto-friendly country. 

If I were you, I would send 1 million usdt to the hardware such as Ledger or Trezor, and only use for small amount money and convert it back to bitcoin or altcoins and ask for help from my friends to send the money to my banks.
I will not move all of the money in one time because that will make my banks suspicious and investigate my account and ask me about the money.
You can do as I suggest, so you still have big money in your wallet hardware, and if you need more money, you can convert it into bitcoin and send it to your friend.
You need help from the other party or services that can send the money to your bank account, and once you can get it, you can continue to send the money, but do not send in a large amount.

Do you have that much friends who are involved in crypto and have in total spare 1 million bucks, which they will wish to invest in crypto?

I think this guy is worried more not about USDT being stable coin or not, but fears of being hacked, losing hardware wallet, exchange performs exit scam.

If I were this guy, I would do everything officially. Register abroad as a individual entrepreneur, pay income tax and withdraw everything from exchange into bank account in that country. With such a huge amount of money, I would prefer to do everything "white" and sleep well, instead doing shady exchanges and later worry for tax commission asking questions.

That's a very big problem when you have crypto but have no opportunity to withdraw it. If nothing works then there is only one variant (very risky and uncertain) is to find "third" people in your country who can exchange you your crypto on fiat (once my friend in my country found them in Telegram channel). Just be very very careful or otherwise you won't live for a long time and really would have to leave your country very quickly. By the way if you are not in urgent need you can continue hodling, trading and waiting till the time when crypto will be legalized in your country.

seeking a third party is not the only or best solution. especially if it's from people you don't know and are in the telegram group. it's a big risk.
except for those who already have a good reputation for doing so.
I still believe that in his country I have a bank that can accept assets like USD or euros. if there is, I am sure he can exchange it on an exchange that provides direct fiat withdrawals to the Bank.

I think there is no country that can completely stop crypto so you should try to sell at peer to peer platforms directly to the seller or even if you do not want to do that you can sell to your local area exchanger or some friemds who want to buy crypto.

You will have to explain how and where you get your coin in the first place since you said withdrawal and deposit is prohibited in your country. I am not sure if any country have a central crypto trading platform so if your country forbid buying and selling crypto, they would have done that through regulations of financial service providers in your country. In that case you can still trade on DEX and might consider using VPN. Alot of CEX does not mandate KYC but you will need to be making withdraw little by little and store in a non custodial wallet

I think there are lots of peer-to-peer exchange platforms. they can help the OP to take advantage of what it has got. some members suggested doing it. I think it's enough to be able to choose the best way from the many suggestions that are already in this thread.
one more thing, I am sure that in his country there must be a community on social media that can help him. although in his country no legalization is even prohibited. but I believe he is not the only one who is playing in the crypto market of his country.

I think its possible to do p2p trading, but if the tax related officer suspicious about the wire transfer transaction. Isnt it possible to them track down it and asking where the money came from?
It will be have some law issue if the money sender admit that is crypto-related transaction.

P2P is the best option for you to exchange the profit into your native currency. Although it is prohibited in your country but still you can find many of your fellow country man investing and trading in crypto. Just go for some options like LBC or Binance P2P option for easy conversion of your profit.

By doing this also have a high risk, though it's really one of the best way.

Finding someone from your country who are also into this business, safe if do your research properly before dealing face to face
with someone, but when you successfully execute it and the transaction went well then you'll enjoy your earned money. Not easy
though as trust still the big issue, criminals are everywhere and the amount of money that in stake is very huge.

Obviously very perfect, because the Binance exchange is an exchange that has a lot of features and support which can make it easier for anyone in any case, be it withdrawals, or anything else.

I think you have found a solution to this problem, Mastercard and Paypal still accept Bitcoin as payment, there you can make buying and selling transactions with Fiat currency. P2P transactions you can also do and in this forum, there are many members who can help you, just make sure they have a good level of trust in the forum.

For your information, PayPal can freeze his account with a finger snap. Even if he will just login from a new device. And it will take months, if not  an eternity to unfreeze account.

Also, are you sure that PayPal accepts bitcoin as a payment? As far as I know, PayPal allow only to buy and sell bitcoin within their platform, and only for US citizens. You can transfer bitcoin from your wallet to your PayPal account, and later withdraw fiat to your account. It will be a 100% account freeze.

     1 Million USDT is not that huge for you to have to go and leave your country just to be able to withdraw or enjoy the fruits of your efforts. There are various ways to do this just as what others above have mentioned. But you have to be cautious though, since that amount is fairly eye catching, you better be sure with whoever you are transacting with because in this industry, when you make a mistake with these kind of things, there are no second chances. Good luck to you my friend.

Wow you guys are advising him to break the law? No matter what is the reason, when the government says you can not cash out/withdraw your Crypto into Fiat that means you can not. Let's try to be civil guys, it is fine to be a crypto supporter but that does not mean we can break the law here.
There is a simple way to do it, just move out to a crypto-friendly country and cash out there. Afterward goes back to your country, with it you can get your profit and at the same time become a good citizen or ask someone you know out of your country to withdraw it and asking him/her to send it back to you.
This looks simple but if we do not change this habit, it will bring a huge impact on our behavior and it might have a negative impact on the country itself. Always looking for the bigger picture, please.

i sold my BNB at 269$ so not sure if it was the smartest choice but anyway it is done .. can always go back after big correction if it goes. But i have to admit binance platform is one of the best

Huge amount of money is very dangerous to withdraw all that amount of money in one withdraw Because for sure the government once see that transaction possible will freeze or hold your money once you withdraw it so better if you are going to withdraw divided so they will not see that because you withdraw a little amount day by day but I believe they have country who are not strict in withdrawing a big amount of money.

Hi.
I don't think you need to move to a legal Crypto country, if only to withdraw that large amount of money. The state only prohibits Crypto in the form of transactions, a small example is buying and selling of goods using / replacing fiat money with Crypto. Crypto is a digital asset with an investment functionality that might be just fine. And a little advice, if you want to make a withdrawal, maybe you can set the withdrawal time and the amount to be withdrawn

If that scenario happened to me I will most likely move to a country where I can withdraw the money. Citizenship is not easy but you can do peer-to-peer transactions outside your country since your banks in your country would probably block the incoming deposit if they find out that it came from crypto. If I found a way to withdraw funds from crypto in my own country it would be better. I'm sure even if it is banned in your country there is someone who is willing to buy that in your country, You just have to find a way to find them.

Which i guess might be the best thing to do to not break the rules and the law of his country since it is the main concern of OP's thread. I may also get other side of using some much reliable VPN to withdraw because knowing a USDT value was only $1 then withdrawing it outside in his country will also cost him that much too. Though withdrawing a 1million USDT by having a $1 USDT value still worth a million, so of course if i were him i will always choose to do the things that i may never get in trouble.

as work with online commerce have with different option of selection with the instruments and payment system it might be fine as managing return of trading to put there still in online account as pragmatically expending the balance to deliver good stuff to anti crypto country.

My advice is that you can take advantage of money exchange services from abroad and can transfer it directly to your account through someone's services and that uses a fee. but for me it does not matter you can still get money and the government will not be able to trace where your money comes from

1 million usdt? seems you need KYC for that if you want to withdraw all your money. If you country is prohibited of using cryptos then I guess you must fly to the crypto friendly country because 1 million is huge my friend, don't trust to the other people that will process to withdraw your 1 million..

I think your solution is too much.

there is a better solution and I think the OP has got the answer and solution to the problem.
many members who provide P2P-related solutions that can help him. I think that is the best solution.

---

I think this thread should already be locked. Moreover, the OP has also been inactive to discuss the topics he asked about.

With your posts in the recent weeks, and with your questions, i doubt you'll get that kind of profit. so you got nothing to worry about.
bounties will not make you that kind of money, trust me. Neither will meme shitcoins

First of all congratulations to your huge profit, if you come from a second or third world country then you never have to work again in your life if you don't go crazy and spend everything. If the amount of money is really that big than it is probably worth the effort to move to another country to get the money to a bank account and then you need to check if you can just transfer it to your bank account in your home country then.
I also want to add, please don't trust anyone who writes you a personal message now in this forum and wants to help you and is asking for details and stuff.. they just want to scam you be safe and never tell anyone your keys or passwords.

Why do you have to go against your country? If I were you, I wouldn't do that, but sometimes some situations go different. The government doesn't support it, but everyone does it. We know that so many countries have already banned cryptocurrency but the top volume is also there. But I'm sure that you can't spend 1 million in a few days. My suggestion is to go crypto support a country or withdraw it as remittance.

You should nothing to worry about the transactions if you get 1million usdt. You need to transfer to other country which crypto transaction are legal and follow the process and pay whatever taxes will charge so that you can easily get the 1million usdt.

the solution is quite easy, safe everything in stable coins, and you can withdraw every month,
because in anti-crypto countries it is difficult to withdraw in large quantities, and the solution I gave you should be able to use,
there is no problem if you safe it in stable coins, because it's so safe

If your profits are that high then without a doubt the best thing to do for someone in your position will be to relocate yourself to a country that is friendly towards cryptocurrencies and if possible to move to a country that has low taxes.

This will require a big change in your life as changing your place of residence and moving to another country is a very big step but when we are talking about an amount of money that is so massive then without a doubt it is worth the sacrifice as it is better to stay away from trouble especially if where you live cryptocurrencies are forbidden.

I think step by step best way you can withdraw and convert in your country asset. Actually there are many third party buyer in my country where we can sold out stable coin with collect county assets. However if prohibited in your country then you can find P2P. I hope this is simple way and you can follow us. remember 1m usdt very high amount so you should take more safety.

Many exchanges have the option to withdraw to USD, I'm sure all bank accounts around the world can accept USD transfers, if you are still confused try Binance or Huobi I'm sure your withdrawal problem will be over soon.

i am pretty sure in your country there are alot crypto community , and you can make transaction p2p with one of them to liquidate your balance exchanges. today there are alot solution for this problem, exchanges feature or p2p trading can be the solution for it.

so far i didnt hear yet any countries that really bann access to deposit or withdrawl transaction. most of them only warn about risk investing in cryptocurrency.

Now that El Salvador has made bitcoin a legal tender they also established that you can become a citizen by investing 3BTC in the county which is roughly 100k, this is a lot of money for people like us but for people have a lot of bitcoin this can be a blessing as they can move to another country and begin from scratch and use their bitcoin fortune in the first country to recognize bitcoin as legal tender.

Obviously for people that are not that rich then this is not good enough but for someone that has 1 million dollars in cryptocurrencies this could be the fastest way to get access to their fortune in a legal way.

Other than moving to another country it would be wise to move your winnings to a p2p exchange platform with that you would both avoid the tax that would be charged as well as the cost of starting a new life in a different country.

What exactly bothers you?
In theory, there are only 2 risks:
1.large taxes
2. people who decide that your money is their money :)

The first problem is being solved. From changing the country of residence, to the "gray deal" through the sale for cash.
The second is solved in the same way - you need to leave the territory where there is an unhealthy interest in your money and there are no laws protecting you ... Or, knowing the risks, take proactive actions and play Rambo :)

Can not get your word right. If you are from non regulated country then How you make profit without making deposit where you already said withdrawal and deposits prohibited? Or I am thinking wrong?

Btw there is an way of  withdraw the fund from other countries/Neighbors countries then go there and withdraw it. But this also cost a big amount of money IMO. To get 1million $ this cost is very simple though. :)

Man, if you make $1 million USDT in profit you can move your whole family to another country. Or maybe you can try getting a double residency. I don't know exactly how that works, but you should get legal and fiscal advice from a professional once you make that kind of money. You don't want to be playing with (I assume) life changing sums of money.

Most likely, it is best to go to a friend's country and exchange your cryptocurrencies there for fiat money, so perhaps you have friends who live in other countries where there are no problems with cryptocurrencies and there you can exchange your cryptocurrencies for fiat money, or you can simply send to your friends or relatives your cryptocurrencies and they will gradually send fiat money to you when they will change your cryptocurrencies to fiat, also if you have a lot of money in cryptocurrency you don't need to exchange all your crypto in fiat, just do it part by part.

Yes. If you are withdrawing digital assets into fiat, of course, you will need cooperation with local banks. If the country does not support crypto, of course you have to look for countries that support it. At the very least you should find someone in another country to help you.

Even if you use P2P exchange and you are withdrawing huge amounts IRS will be notified and you might get a letter asking for the source of income. The best option is to travel to a country with lower taxation if you are planning to withdraw huge amounts, start a small business and then send them back home, if not withdraw small amounts without raising suspicion by the IRS.

Well, crypto adoption and legalization is yet to be effected in many countries, in fact most countries are so hostile towards crypto while others are crypto friendly, hence the reason why most developers will always operate or launch their platforms from a crypto friendly country.
Nevertheless, 1 million USDT is a lot of money to a lot of people and considering that amount, I think there are some options.
The first option would be to leverage the help of a friend in a crypto friendly country but this will depend on the level of trust you have towards the person and even at that, sending it in bits would be better, might take long but will be worth it. Secondly, you might consider moving to a crypto friendly country, and use their P2P to achieve your aim, at least with that amount of money, you can cover any expenses.
Lastly, I want to believe that, even in most countries where crypto is banned, there are still P2P services, but not too announced in order not to attract unwanted attention. So I would suggest, you check out your country first for any P2P platforms, and most especially do not sell in huge amount, bits by bits is always better.

the solution you have to be able to trust someone to exchange your crypto into your local currency or USD using paypal services, that might be a simple way you can do instead of having to move to a crypto friendly country which of course makes the situation more complicated because you have to take care of everything  related to your identity

You do not always have to deposit in order to make money. Even though there are ways you could deposit (like P2P) and make some money, there is also a fact that you could work for it, don't know if you could make a million dollars that way, but this is a known issue for a lot of nations that banned bitcoin, usually they are nations with poor citizens and those citizens are willing to work cheaper than people from USA or so, and not like they are that much worse neither, some of them are even better, since you are not getting a developer from google to make your job, a coder from Nigeria is as good as someone from USA in my experience, probably even better because they are so much thankful about getting paid, hence why I prefer to work with them.

It means those people earn crypto, and when it is time to cash it out to fiat they use P2P as in person to person cash transaction.

with an huge profit like this (and funds are coming from legal operation), you can just fly over in another country and exchange directly there your coins.
You want cash out all? it's not matter of P2P trading, you can't trade such amount without having trouble.
Better choice the right way by going somewhere were it's legal (create a bank account + exchange account) and everything is done!

There are many options available to you and I believe no matter how hostile a country is too crypto you can still sell your crypto for fiat but I don't think it makes sense to convert that huge amount once into fiat just make sure you pay your tax and you should be fine

If cryptocurrency is prohibited in your country, it means you cannot link your bank card to purchase cryptos for any reason, government can only stop that connection between bank cards and crypto but cannot tamper with p2p payment system, if actually you get that amount, the simplest way to get it is by transacting through p2p.

I don't trust friends when it comes to money, a very good friend will change when he receives huge amount of money in his account, what if he run away with it, and decide to block your number, the best way to do this is by p2p.

if you have that's money, many things you can do to find the solution. if have friend abroad just come to them and ask to open account in crypto exchanges. its will not take alot of cost if compare your profits. and then tranfer your profits into their account and withdraw it to local bank and finally ask him your money. but when you do this solution ,just come to them dont by online or you will lied.

This is the better option. First of all making a million dollar profit is not simple. Right now more countries have legalized cryptocurrency usage which is a good news. Reaching a crypto friendly country and doing the transaction into your own account is the best way. If not you need to find traders in your country who has got cash in exchange for cryptocurrency, this way you can avoid taxes.

That unless if your friend can really be trusted or that person has known to you for a long time but, we can't decline the risk especially when talking about money. But at this time, it is a need for OP to give his full trust because that is the only way it helps him out and to get his money otherwise, it will be stuck there until such a time that it was not prohibited.

And in regards to a bank transfer, it is better to send it not in bulk amount coz that leads to asking why and where...they might be thinking about illegal activities behind this and we know what will happen next.

P2p exchange is great for crypto withdrawal and everyone can do it with ease very easily. You may not exchange to move to another country because crypto is not legal everywhere so there is a risk for this you have to use the exchange sites from your own country.

if what happens is that crypto ownership is prohibited in the country it will be difficult to make withdrawals. but P2P exchange should already be the best solution to do.
but the problem is whether or not it is necessary to verify account ownership on the P2P marketplace. because obviously, it will affect the success or failure of him to create an account for withdrawing his money to the bank.

If you get $1million profit i think you can withdra2 it to friendly crypto country like swiss and you will not have any proble with the cost to fly there. Then you can deposit your money and asked for debit card.

If you realy have at least $1million profit everything will be easy mate..

P2P just like what you have said is the best option to transact huge amount like this, the problem with that

is the trust and security of your money, like what mentioned from OP it's anti crypto government for sure

transacting with the banks are affected as suspicious movements of the money is also possible to eye by

the law enforcement. You need to seek deeper before dealing with P2P transactions.

Crypto friendly country is the best solution for this and you can withdraw this profit little by little to avoid any red flags from the banks and anti money laundering. This is a huge profit, and if you don’t have any supporting documents about this profit, I suggest not to withdraw it in bulk because banks will freeze your account if you put it directly on your account. Withdraw huge money is not easy for a small people, but if you do already have millions of money, then it will be more easy.

If you are prohibited doing anything with your crypto, then you should have a friend in a crypto friendly country who can make it possible for you to get fiat through his channel. And if you don't want to have cash on hands, buy digital or physical gold or hold crypto only to save yourself from the hassle of handling it all for long time.

If you have any relative in crypto friendly country then you can have help from them. If you want to make this secret then,, there are so many trusted website, there you can convert your fund with fiat and withdraw that into your bank account little by little. You can also create bank account for your family members and then use their bank account, thus you can get your money with 4x or 5x speed.

Why should we ask a friend in another country for help for the withdrawal process, can we trust it if the withdrawal is for a large amount, there is no need to use other services but you can make a withdrawal on p2p on binance by verifying KYC to increase the withdrawal limit.

Honestly, there really are a lot of people that has made millions through cryptocurrency. They're just lowkey people and don't want to expose it to the public for their safety purposes and that's much better rather than putting themselves on the line by showing it to the public of how wealthy they are. Usually, they're also one of the earliest investors that has held for a long time and then eventually sell when they saw that the price is already good enough to take profits.

It is the other solution to withdraw with little for every transaction he does for withdrawal.

if we be creative man it shoud not be problem for , with money we could do anything . and withdrawing this number when your country banned cryptocurrency have alot solution .

ask help from other countries should be choice  , we are global community so having friend from abroad is obligation for us to overcome this problem.

It doesn't matter, we relate to each other in a global community but you have to ask friends for help with positive trust and make sure your friends can keep their promises to send money to your bank account address, the global community is also a threat of scam if you are not careful in choosing the transaction options withdrawal.

I can understand what you mean. Because there are several countries that strictly prohibit crypto. However, there are countries that do not prohibit, but also do not give permission, so that the state is not responsible for the losses suffered by users. The duty of the state is to protect the rights of all its people.
But if you make big profits from crypto, while you can't withdraw to Fiat, of course you have to move to a country that doesn't ban crypto. At least you have to find someone in another country to be able to withdraw crypto to Fiat.
It's not just a matter of withdrawing funds to Fiat. There are some exchanges that are only allowed to trade are citizens of that country, while foreign nationals cannot trade crypto, the restriction is done by KYC.
Of course, what we had to do was contact our friends in that country.

Moving to another country just to get those profits is likely the last option anyone has if he has that huge amount of money that awaits.
You need to spend for it and that won't matter with the money that you'll use for it because you're already a millionaire and that's your mission to go somewhere, to take your money.