Best country to cash out few mil of USD crypto?

[Moreno233]

There once existed a thread that discussed about having some of the big ballers on the forum and am referring to The Sceptical Chymist in this regard, having affiliation with a mixer that paid good money to maybe, pick out a country where they can live like kings with what they earned from the mixer and possibly some investments of theirs.
I see this thread to be some worth related and I don’t think you would do very well in any nation that pays taxe. Obviously, you wouldn’t have the opportunity to lavish your money in the ways that you would want to in nations that don’t.
Like there are certain race cars you just can’t drive due to the bad road. You might be confined to trucks and land rovers.

Else, Africa might be the place for you. Just adjust to the weather condition, be cool with the people and you would do okay. Besides, it’s got market for investments of all kind.

I was also thinking Africa because the charges and taxes and very low. Most African countries have no taxes on cryptocurrency. This makes African countries the best place to cashout proceeds from cryptocurrency. Besides, Africa is like an untapped goldmine with so many feasible sectors yearning for investment. From Agriculture to oil and gas, the opportunities are just endless. Cashing out cryptocurrency and investing same in Africa might be a very great decision. Even if it is to cash out and enjoy, Africa have so many nice places to enjoy money, enjoy nature and enjoy life in general.

[cabron]

It's interesting to see people discussing how to cash out large amounts of money from crypto investments, which means there will be a lot of crypto millionaires born from this forum.

Personally, I think, if we own a bunch of crypto assets worth millions of dollars, why should we convert them all to fiat and withdraw them ? Why don't we keep them in bitcoin and store them in a non-custodial wallet and cash out only the exact amount we need for our outside plans? No matter what country we are in, if we suddenly withdraw a large amount of money, sooner or later we will be noticed and suspected by banks and the government . So don't try to do anything to attract their attention , instead withdraw money slowly to avoid being tracked.

Though I have no millions, I think this is the way to go. Not withdrawing in millions because it's just noticeable. All banks today are aware of people avoiding taxes, they even limit the cashing out from ATMs.

When you try to withdraw cash like $50k in any bank today, they will look at your background and ask questions about whether the money is for ransom or whether are you in danger. But in reality, they are already looking at whether you are into something. If you are not some big shots, just avoid it.

[erep]

Personally, I think, if we own a bunch of crypto assets worth millions of dollars, why should we convert them all to fiat and withdraw them ? Why don't we keep them in bitcoin and store them in a non-custodial wallet and cash out only the exact amount we need for our outside plans? No matter what country we are in, if we suddenly withdraw a large amount of money, sooner or later we will be noticed and suspected by banks and the government . So don't try to do anything to attract their attention , instead withdraw money slowly to avoid being tracked.

Many investors store USDT in a wallet to be converted to a bank account, this is because the withdrawal costs are higher and they avoid the balance of balances in the account controlled by the bank, some of them avoid high taxes from the regulations of each country. But they have a P2P option if they want to avoid high withdrawal costs from trusted exchange services, even though the number of attractions is limited, but they can use several different P2P exchanges to increase the amount of withdrawal of funds to a bank account if needed.

[Huppercase]

Though I have no millions, I think this is the way to go. Not withdrawing in millions because it's just noticeable. All banks today are aware of people avoiding taxes, they even limit the cashing out from ATMs.

When you try to withdraw cash like $50k in any bank today, they will look at your background and ask questions about whether the money is for ransom or whether are you in danger. But in reality, they are already looking at whether you are into something. If you are not some big shots, just avoid it.

There is no any bank in any country that you will visit to cashout a million dollar without a red flag coming to that account unless you were using that account already in transacting amounts bigger than what's is coming else they will put a tag in that account and report it to economic financial crimes like FBI and the rest. Even though the country doesn't ask for task, it is going to be difficult to spend a million dollars worth of crypto without raising any suspicion.

I will say it's better to keep the money in crypto and buy things where crypto are been acceptable. You can exchange it to gold in a country where tax aren't considered for crypto and then you can move your assets to where ever you want but I'm not sure if it will allow for US, heavy tax will be coming from your gold and receipt of purchase, so I will say countries like Dubai are the best. This my advice is looking like money laundering already, don't take my words, everything I posted are pure educational.

[darkangel11]

Best country to cash out less questions asked ?
It's UK. ? Specially London where everything is easy ?
Many people Even drive there without dl license it's quite relax place i heard that USA not easy place to cash out.

Sure, keep on driving without a license. It's going to work out for you until you get in an accident.
Do you know what will happen then? Your car insurance won't work, they will refuse to cover any repairs because the car was driven by someone who wasn't supposed to be driving.
The police will give you a hefty fine for driving without a license and being involved in an accident and then if you damage another property, like someone's car you'll have to fix it out of your own pocket.
Good luck

Can the Dubai or spain can better? I mean less taxes Also so i Open company and transfer crypto from exchangers

If you're in Europe, I'd say Germany because there's no tax there and exchanging bitcoin is completely legal. You could also try Portugal.

[iv4n]

Though I have no millions, I think this is the way to go. Not withdrawing in millions because it's just noticeable. All banks today are aware of people avoiding taxes, they even limit the cashing out from ATMs.

When you try to withdraw cash like $50k in any bank today, they will look at your background and ask questions about whether the money is for ransom or whether are you in danger. But in reality, they are already looking at whether you are into something. If you are not some big shots, just avoid it.

There can be any number of reasons why someone wants to cash out a few million dollars from crypto, maybe someone wants to buy something or to diversify his investments... whatever it is everyone has the right to do whatever they want with their money.

When it comes to millions of dollars, I wouldn't think much at all, I would go straight to an agency (or a lawyer) and let them do most of the work. Why bother with all the laws and regulations, sometimes it's better to pay some amount and be totally safe than risking to get into some serious problems.

[fuguebtc]

It's interesting to see people discussing how to cash out large amounts of money from crypto investments, which means there will be a lot of crypto millionaires born from this forum.

Personally, I think, if we own a bunch of crypto assets worth millions of dollars, why should we convert them all to fiat and withdraw them ? Why don't we keep them in bitcoin and store them in a non-custodial wallet and cash out only the exact amount we need for our outside plans? No matter what country we are in, if we suddenly withdraw a large amount of money, sooner or later we will be noticed and suspected by banks and the government . So don't try to do anything to attract their attention , instead withdraw money slowly to avoid being tracked.

Though I have no millions, I think this is the way to go. Not withdrawing in millions because it's just noticeable. All banks today are aware of people avoiding taxes, they even limit the cashing out from ATMs.

When you try to withdraw cash like $50k in any bank today, they will look at your background and ask questions about whether the money is for ransom or whether are you in danger. But in reality, they are already looking at whether you are into something. If you are not some big shots, just avoid it.

I saw some people suggesting to go to England or Dubai because that place can allow us to cash out large amounts of money without any problem . But I doubt it , I don't believe any country can be negligent in controlling its people's finances , especially when large amounts of money are involved.

I think there is no country where we can withdraw millions of dollars without being monitored or questioned . So don't waste time going there and get into bigger trouble , I think withdrawing slowly is the best solution we have . Another solution is that we can own many different bank accounts and use them alternately, this will also help us not be suspected too much like when we only use one bank.

[johnsaributua]

I've never been there, but it's only natural that these countries have a greater reach and regulation of usdt /usd crypto due to its nature in reference to the USA $ currency. Especially from the governance and needs that occur in other countries (London, El Salvador and other crypto-supportive countries) usdt is so useful which is decentralised. I think crypto is real money that needs verification in a country because of the thoroughness of the inflow and outflow of money in a country, it is natural to need manual validation from the government. As long as the money is personal property and wealth that is not mixed from suspected sources even though P2p transactions in public are okay, although p2p cex by meeting directly (face to face) but the anonymity of some people wants their identity to remain hidden, the blockchain world brings convenience including usd crypto.

[royalfestus]

I was also thinking Africa because the charges and taxes and very low. Most African countries have no taxes on cryptocurrency. This makes African countries the best place to cashout proceeds from cryptocurrency. Besides, Africa is like an untapped goldmine with so many feasible sectors yearning for investment. From Agriculture to oil and gas, the opportunities are just endless. Cashing out cryptocurrency and investing same in Africa might be a very great decision. Even if it is to cash out and enjoy, Africa have so many nice places to enjoy money, enjoy nature and enjoy life in general.

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