Huge profit but how to withdraw

[ChrisPop]

Man, if you make $1 million USDT in profit you can move your whole family to another country. Or maybe you can try getting a double residency. I don't know exactly how that works, but you should get legal and fiscal advice from a professional once you make that kind of money. You don't want to be playing with (I assume) life changing sums of money.

[trauchot]

Most likely, it is best to go to a friend's country and exchange your cryptocurrencies there for fiat money, so perhaps you have friends who live in other countries where there are no problems with cryptocurrencies and there you can exchange your cryptocurrencies for fiat money, or you can simply send to your friends or relatives your cryptocurrencies and they will gradually send fiat money to you when they will change your cryptocurrencies to fiat, also if you have a lot of money in cryptocurrency you don't need to exchange all your crypto in fiat, just do it part by part.

[kenelmark]

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 ?

Yes. If you are withdrawing digital assets into fiat, of course, you will need cooperation with local banks. If the country does not support crypto, of course you have to look for countries that support it. At the very least you should find someone in another country to help you.

[ene1980]

Other than moving to another country it would be wise to move your winnings to a p2p exchange platform with that you would both avoid the tax that would be charged as well as the cost of starting a new life in a different country.

Yes, it's a good solution to implement for those who want to move from one country to another,
but can a p2p exchange platform be very safe to store assets that we already have?

Even if you use P2P exchange and you are withdrawing huge amounts IRS will be notified and you might get a letter asking for the source of income. The best option is to travel to a country with lower taxation if you are planning to withdraw huge amounts, start a small business and then send them back home, if not withdraw small amounts without raising suspicion by the IRS.

[Shallow]

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 ?

Well, crypto adoption and legalization is yet to be effected in many countries, in fact most countries are so hostile towards crypto while others are crypto friendly, hence the reason why most developers will always operate or launch their platforms from a crypto friendly country.
Nevertheless, 1 million USDT is a lot of money to a lot of people and considering that amount, I think there are some options.
The first option would be to leverage the help of a friend in a crypto friendly country but this will depend on the level of trust you have towards the person and even at that, sending it in bits would be better, might take long but will be worth it. Secondly, you might consider moving to a crypto friendly country, and use their P2P to achieve your aim, at least with that amount of money, you can cover any expenses.
Lastly, I want to believe that, even in most countries where crypto is banned, there are still P2P services, but not too announced in order not to attract unwanted attention. So I would suggest, you check out your country first for any P2P platforms, and most especially do not sell in huge amount, bits by bits is always better.

[radjie]

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 ?

the solution you have to be able to trust someone to exchange your crypto into your local currency or USD using paypal services, that might be a simple way you can do instead of having to move to a crypto friendly country which of course makes the situation more complicated because you have to take care of everything  related to your identity

[SquallLeonhart]

Can not get your word right. If you are from non regulated country then How you make profit without making deposit where you already said withdrawal and deposits prohibited? Or I am thinking wrong?

Btw there is an way of  withdraw the fund from other countries/Neighbors countries then go there and withdraw it. But this also cost a big amount of money IMO. To get 1million $ this cost is very simple though.

You do not always have to deposit in order to make money. Even though there are ways you could deposit (like P2P) and make some money, there is also a fact that you could work for it, don't know if you could make a million dollars that way, but this is a known issue for a lot of nations that banned bitcoin, usually they are nations with poor citizens and those citizens are willing to work cheaper than people from USA or so, and not like they are that much worse neither, some of them are even better, since you are not getting a developer from google to make your job, a coder from Nigeria is as good as someone from USA in my experience, probably even better because they are so much thankful about getting paid, hence why I prefer to work with them.

It means those people earn crypto, and when it is time to cash it out to fiat they use P2P as in person to person cash transaction.

[bitbollo]

with an huge profit like this (and funds are coming from legal operation), you can just fly over in another country and exchange directly there your coins.
You want cash out all? it's not matter of P2P trading, you can't trade such amount without having trouble.
Better choice the right way by going somewhere were it's legal (create a bank account + exchange account) and everything is done!

[jacafbiz]

There are many options available to you and I believe no matter how hostile a country is too crypto you can still sell your crypto for fiat but I don't think it makes sense to convert that huge amount once into fiat just make sure you pay your tax and you should be fine

[blackened515]

If cryptocurrency is prohibited in your country, it means you cannot link your bank card to purchase cryptos for any reason, government can only stop that connection between bank cards and crypto but cannot tamper with p2p payment system, if actually you get that amount, the simplest way to get it is by transacting through p2p.

Or send your assets to your friends who lives far from crypto bans, you can send your assets to them and let them exchange it on your
behalf then received it back to your fiat account.

I don't trust friends when it comes to money, a very good friend will change when he receives huge amount of money in his account, what if he run away with it, and decide to block your number, the best way to do this is by p2p.

[NewRanger]

if you have that's money, many things you can do to find the solution. if have friend abroad just come to them and ask to open account in crypto exchanges. its will not take alot of cost if compare your profits. and then tranfer your profits into their account and withdraw it to local bank and finally ask him your money. but when you do this solution ,just come to them dont by online or you will lied.

[KennyR]

with an huge profit like this (and funds are coming from legal operation), you can just fly over in another country and exchange directly there your coins.
You want cash out all? it's not matter of P2P trading, you can't trade such amount without having trouble.
Better choice the right way by going somewhere were it's legal (create a bank account + exchange account) and everything is done!

This is the better option. First of all making a million dollar profit is not simple. Right now more countries have legalized cryptocurrency usage which is a good news. Reaching a crypto friendly country and doing the transaction into your own account is the best way. If not you need to find traders in your country who has got cash in exchange for cryptocurrency, this way you can avoid taxes.

[Distinctin]

if you have that's money, many things you can do to find the solution. if have friend abroad just come to them and ask to open account in crypto exchanges. its will not take alot of cost if compare your profits. and then tranfer your profits into their account and withdraw it to local bank and finally ask him your money. but when you do this solution ,just come to them dont by online or you will lied.

That unless if your friend can really be trusted or that person has known to you for a long time but, we can't decline the risk especially when talking about money. But at this time, it is a need for OP to give his full trust because that is the only way it helps him out and to get his money otherwise, it will be stuck there until such a time that it was not prohibited.

And in regards to a bank transfer, it is better to send it not in bulk amount coz that leads to asking why and where...they might be thinking about illegal activities behind this and we know what will happen next.

[Xinarae*]

Hi

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 ?

Other than moving to another country it would be wise to move your winnings to a p2p exchange platform with that you would both avoid the tax that would be charged as well as the cost of starting a new life in a different country.

P2p exchange is great for crypto withdrawal and everyone can do it with ease very easily. You may not exchange to move to another country because crypto is not legal everywhere so there is a risk for this you have to use the exchange sites from your own country.

[distr@yopmail.com]

Hi

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 ?

Other than moving to another country it would be wise to move your winnings to a p2p exchange platform with that you would both avoid the tax that would be charged as well as the cost of starting a new life in a different country.

P2p exchange is great for crypto withdrawal and everyone can do it with ease very easily. You may not exchange to move to another country because crypto is not legal everywhere so there is a risk for this you have to use the exchange sites from your own country.

if what happens is that crypto ownership is prohibited in the country it will be difficult to make withdrawals. but P2P exchange should already be the best solution to do.
but the problem is whether or not it is necessary to verify account ownership on the P2P marketplace. because obviously, it will affect the success or failure of him to create an account for withdrawing his money to the bank.

[ahoenk]

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 you get $1million profit i think you can withdra2 it to friendly crypto country like swiss and you will not have any proble with the cost to fly there. Then you can deposit your money and asked for debit card.

If you realy have at least $1million profit everything will be easy mate..

[Golftech]

if what happens is that crypto ownership is prohibited in the country it will be difficult to make withdrawals. but P2P exchange should already be the best solution to do.
but the problem is whether or not it is necessary to verify account ownership on the P2P marketplace. because obviously, it will affect the success or failure of him to create an account for withdrawing his money to the bank.

P2P just like what you have said is the best option to transact huge amount like this, the problem with that

is the trust and security of your money, like what mentioned from OP it's anti crypto government for sure

transacting with the banks are affected as suspicious movements of the money is also possible to eye by

the law enforcement. You need to seek deeper before dealing with P2P transactions.

[goaldigger]

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 you get $1million profit i think you can withdra2 it to friendly crypto country like swiss and you will not have any proble with the cost to fly there. Then you can deposit your money and asked for debit card.

If you realy have at least $1million profit everything will be easy mate..

Crypto friendly country is the best solution for this and you can withdraw this profit little by little to avoid any red flags from the banks and anti money laundering. This is a huge profit, and if you don’t have any supporting documents about this profit, I suggest not to withdraw it in bulk because banks will freeze your account if you put it directly on your account. Withdraw huge money is not easy for a small people, but if you do already have millions of money, then it will be more easy.

[2double0]

If you are prohibited doing anything with your crypto, then you should have a friend in a crypto friendly country who can make it possible for you to get fiat through his channel. And if you don't want to have cash on hands, buy digital or physical gold or hold crypto only to save yourself from the hassle of handling it all for long time.

[Mehedi72]

If you have any relative in crypto friendly country then you can have help from them. If you want to make this secret then,, there are so many trusted website, there you can convert your fund with fiat and withdraw that into your bank account little by little. You can also create bank account for your family members and then use their bank account, thus you can get your money with 4x or 5x speed.