What is the easy and low fee way to cash out crypto?

[mixer11]

I just wonder because there are some altcoins and either fees are high or it's prohibited in some countries and the tax man may come to the door. Who can help?

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[Lassie]

I just wonder because there are some altcoins and either fees are high or it's prohibited in some countries and the tax man may come to the door. Who can help?

It depends on what exchange you can use on your country and what crypto is supported by them. In my country only bitcoins is supported so the only way for us to get some hard cash on hand is to directly transfer bitcoins

[mk4]

It depends on your country. But if you're country is supported by Coinbase[1], then that's probably your best choice. A universal choice though would be localbitcoins[2]. You can simply choose what country and city you're in and you can accept and set buy/sell offers there, so you can buy/sell bitcoin via meetups so you can transact with cash to prevent taxes and such.

https://coinbase.com/
https://localbitcoins.com/

[mwoon88]

Thanks for the info.

[mixer11]

Thanks everyone. What about big amounts? In my country crypto is not regulated. If I use Coinbase to cash out like 50 BTC .. what then?

[mk4]

Thanks everyone. What about big amounts? In my country crypto is not regulated. If I use Coinbase to cash out like 50 BTC .. what then?

That's going to take you a lot of verifications for sure, for that amount. But yea, like I said your best bet would probably be localbitcoins.com; you just have to do some safety precautions, like don't go alone, and meetup in a well secure and a bit crowded place like a mall or something.

[mixer11]

Thanks everyone. What about big amounts? In my country crypto is not regulated. If I use Coinbase to cash out like 50 BTC .. what then?

That's going to take you a lot of verifications for sure, for that amount. But yea, like I said your best bet would probably be localbitcoins.com; you just have to do some safety precautions, like don't go alone, and meetup in a well secure and a bit crowded place like a mall or something.

There is no people in my country (Ukraine) who can exchange in cash using localbitcoins.com. And if I use bank transfer or e-payment I am going to be in a sort of trouble

[mk4]

Thanks everyone. What about big amounts? In my country crypto is not regulated. If I use Coinbase to cash out like 50 BTC .. what then?

That's going to take you a lot of verifications for sure, for that amount. But yea, like I said your best bet would probably be localbitcoins.com; you just have to do some safety precautions, like don't go alone, and meetup in a well secure and a bit crowded place like a mall or something.

There is no people in my country (Ukraine) who can exchange in cash using localbitcoins.com. And if I use bank transfer or e-payment I am going to be in a sort of trouble

Well if there aren't offers for cash on localbitcoins.com then you're choices are pretty much slimmed down to using bank transfers unfortunately. Though I suggest that you look for and join sort of Russian bitcoin Facebook/VK groups; you probably can find offers there. It's worth a try.

[mixer11]

Thank you very much!