Huge profit but how to withdraw

[davidcarpediem]

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

[mekar sari]

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

[gurunanakji777]

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. 

[traderethereum]

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 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.

[TopTort777]

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,

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.

[StartupAnalyst]

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.

[sammy21]

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.

[optimisticcm]

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 ?

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.

[thesmallgod]

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

[criket]

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.

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.

[speedforce]

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.

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.

[jasonjm]

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 ?

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.

[Pamadar]

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 ?

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.

[memed97]

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

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.

[Pelana vreo]

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 ?

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.

[bakasabo]

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 ?

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.

[Vatimins]

     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.

[Javi_Anibarro]

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.

[davidcarpediem]

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

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 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

[Question123]

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.