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Author Topic: I have around 8000 BTC,but my country are too small cap to cash out  (Read 1439 times)
Veterock
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June 05, 2018, 03:47:53 PM
 #101

And what prevents you from going to South Korea or Japan and cashed there in cash?
manfredmann
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June 05, 2018, 03:59:00 PM
 #102

just make a smaller scale withdrawal anyway that btc and money being exchange for bitcoin is not for your country to take instead it is from the contact of that exchange to the bitcoin exchange. Those money that will be used will be replace by after the exchange receiving those bitcoins and that is fiat money that will be given to the exchanger from the bitcoin exchange to your country.
dumplingsandsushi
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June 05, 2018, 04:27:33 PM
 #103

Well, to be honest, my first impression is that you are lying.
The reason why is because if you really did jump in to btc a couple years ago, and can't even figure out how to cash out, then you obviously don't know the fundamental benefits of blockchain.  Which means you are either ignorant all these years or lying.

But, I will give you the benefit of the doubt and offer a solution for you:

- Blockchain is decentralized p2p technology that is virtually untraceable to real life identities and accounts if done p2p.  So, what this means, is that all you have to do is find buyers you can directly sell to and skip exchanges all together.

As far as banking goes, just make an offshore bank account.  Do a quick google search, there are lots of companies that will help you do this.

If you are really lost, then I recommend using localbitcoin.com.  It's basically ebay for btc.
You can find buyers easily through there and then have them pay through western union, or just direct deposit into your bank account.

One thing you need to realize though, is that no matter what changing 8000 btc into cash is going to take a lot of time, so take that into account.

lakita
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June 06, 2018, 06:28:25 AM
 #104

You have so much Bitcoin, you can trade internationally, not necessarily you have to sell in your country.
troglobait
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June 06, 2018, 06:45:16 AM
 #105

that's the problem people can not 8k bitcoins cash))) I have 0.1 bitcoin. You can throw me a couple of bitcoins and less trouble bottles! It can not cash out))) amused)))
Carrelmae10
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June 06, 2018, 08:53:22 AM
 #106

..wow,,congrats dude..if that is real,,then you really a rich person now..but sad to say,,you cannot convert all of that in your fiat money..what should i advise you now is that you just do trading, and invest some of your btc in other crypto curriency so that your government would not doubt you in cash outing your money..

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First77
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June 11, 2018, 04:26:23 AM
 #107

I'm from Malaysia,and I brought 8000 btc when many years ago(and glad that I still have found back).I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.
——————————
updated: 6.1.2018 4:54pm

what country that can support 100 mil usd withdrawal? I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.

Somebody sold 8000 Bitcoins today   Wink
SuperD007
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June 11, 2018, 06:16:31 AM
 #108

Hmm

There are countries that are crypto friendly

Like Puerto Rico
https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

You can simply go there, maybe buy a property (pay in BTC)

Then you can open a bank account there and convert BTC to fiat whenever you need to. Plus it is a Crypto paradise so you could probably even sell your BTC to locals. I'm sure the country has already attracted a fair amount of crypto whales.

You can also become an e-resident in Estonia and open an account there. They are crypto friendly so you can divert some funds to that account as well.

If this info was helpful then feel free to hook me up with some BTC  Grin Grin Grin
Juggy777
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June 11, 2018, 06:21:56 AM
 #109

That's a hell lot of btc to own but why are you in a hurt to sell them off? Prices are discounted not a good time to sell, I would hodl them and sell it later when the price rises, you can go to Japan and speak with their authorities and sell there, only they'll be able to give you a good deal or better put everything there and amazing interest.
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June 11, 2018, 10:53:39 AM
 #110

Congratulations, you have a pretty big amount of money.
You have to invest in everything, so you can withdraw from the other countries.
Dudeperfect
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June 11, 2018, 04:27:46 PM
 #111

I would recommend you to hire the public accountant and let him do this task for you (on the planning part). As you said, you don't have issues with the taxation, I don't see any difficulty in cashing out 8K Bitcoins. You can always trade on the international exchanges having adequate trade volume and withdraw the amount and doing a wire transfer to your bank.
kjnfmplm
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June 11, 2018, 04:43:00 PM
 #112

Is this for real? Did you really found your 8000 BTC from way back when it is easy to mine? I have doubts that it is real. And OP might be toying with us, but I think the probability also exist. If it is real, why do you want to exchange your BTC so much? Also, 8k in one withdrawal? You can do it minimally. Daily withdrawal.
bering
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June 11, 2018, 04:53:36 PM
 #113

8000 BTC is huge money even this amount only belong to big bitcoin exchange for 24 hours volume support and if you really have it then i suggest to you withdraw gradually from the particular amount such as 5 or 10 BTC for each days and currently it's not difficult to find trustable bitcoin exchange in Malaysia so i think that would not problem

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wormgummy019
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June 11, 2018, 04:59:33 PM
 #114

Guys,

I'm from Malaysia,and I brought 8000btc when many years ago(and glad that I still have found back).

I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.

I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.

——————————
updated: 6.1.2018 4:54pm

what country that can support 100 mil usd withdrawal?

I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.

I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.












Wow, what a huge money. But why do you want to withdraw it in one time? For me, you should withdraw it minimally so that you can spend your bitcoin. Withdraw it when you need money. I think 8000 BTC is a very huge money to hold so you must withdraw it minimally. You can withdraw it daily or weekly.
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June 11, 2018, 05:10:07 PM
 #115

If you really have so much funds lying in your wallet, why don't you migrate to a country which allows this.

I have a suggestion for members here not to contact OP offering help to withdraw these BTC for some commission. This can also be some scam, it is very much common on social networks. OP should have posted some proof for this if he was really serious.

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dewi91
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June 11, 2018, 05:43:19 PM
 #116

if you can't cash out your bitcoin in your county, you should go to a bigger country that support bitcoin but if you can't do that,  I suggest you to cash out your bitcoin gradually because I think cash out 8000 bitcoin in the same time is very risky,. may be in one day you can sell 1-10 bitcoin. it may will take a time but it is safer than you have to sell all your bitcoins at once.
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June 11, 2018, 05:51:56 PM
 #117

Doesn't seem that you're too honest about this, right? You could certainly cash it out a bit by a bit, you should only check your lows first, pay any taxes and voila, you're a rich man Smiley
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June 11, 2018, 05:58:49 PM
 #118

Guys,

I'm from Malaysia,and I brought 8000btc when many years ago(and glad that I still have found back).

I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.

I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.

——————————
updated: 6.1.2018 4:54pm

what country that can support 100 mil usd withdrawal?

I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.

I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.







If you do not deceive, then you need to move to live in the USA. There you can pay taxes and freely display your millions.
buternasek
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June 11, 2018, 06:31:34 PM
 #119

First of all, be practical. You cant cashout 8000 BTC at once. Even if you do, the Malay govt will turn towards you and will bombard you with questions. Try to sell small amounts and setup a business of your own in your country. Become a businessman, roam around and try to sell Bitcoins hand to hand in the countries where you travel and transfer them in low amounts to your bank accounts. It will take decades to cashout all your Bitcoins safely.
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June 12, 2018, 03:11:39 AM
 #120

Guys,

I'm from Malaysia,and I brought 8000btc when many years ago(and glad that I still have found back).

I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.

I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.

——————————
updated: 6.1.2018 4:54pm

what country that can support 100 mil usd withdrawal?

I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.

I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.







If i were you, i would cash out little by little every month. Just consider you have a big passive incomes.
Anyway, what is the limit cap in your country ? Don't cash out it all, do it many times. If you immediately cashout 8000 BTC, your government
will suspicious on you. Avoid it at all cost.

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