Hello everyone i'm new and restricted to this forum so having to dump this here.
I have been buying and selling bitcoin for a while, trying to trade in it for a little extra income. The problem i have is withdrawing. I imagine lumps of cash dropping into my account every week or so will raise suspicions with the tax man. Of course i'm not doing anything illegal but it'll be a lot of hassle.
Whats a good way to withdraw and avoid the tax man issue? Basically avoiding my bank account basically.
I imagine that in the not-too-far-distant future you won't have any trouble exchanging your BTC for cash. I would love to pop into town (in the UK) locally and buy BTC for cash at somewhere near the market rate. Right now it can't happen, but as bitcoin gets more popular then more infrastructure will spring up.
