Huge profit but how to withdraw

[udayantha11]

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 ?

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[semobo]

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.

[hd49728]

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 are considering to join crypto market as a trader or as an investor, you should begin by looking at the current law regulations on cryptocurrency and crypto exchanges, tax in your nation.

Then you will have a better mind on what you should do to choose exchanges, which cryptocurrency is not prohibited, how to submit your tax report.

The important step when you choose one exchange and decide to use it. Try to make your first deposit (small amount) and make a withdrawal to see how those processes go on. Pay attention on volume, reputation and scores (coinmarketcap or coingecko have their score or trust ratings for exchanges). You can search their past reputation with exchange name and scam accusation.

[Bttzed03]

Central Bank of Nigeria recently issued a memorandum to ban all bank accounts of users that were involved in cryptocurrency trading but Binance P2P added Naira as one of their fiat option. Check that platform. Your local currency might be available there too.

[cabron]

So where exactly did you trade now that you are allowed to do so?

Most countries that are not crypto-friendly are most likely list to the list of countries that residents are not allowed to trade. If you are currently on DEX that allows you to trade then you are all good. The suggestion above like P2p will work for you.

[Mulann2]

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 ?

How did you get into buying crypto in the first place? I believe if you can answer that then may be your problem is solved. Look, You most have gotten you investment cash into the crypto ecosystem to trade through some means and what ever that means is, that is how you can also withdraw them but if it was that the case of the ban happened after you have started trading and that you can no longer acces your trade or is it like in Nigeria where it is just the bank that where instructed not partake in crypto trading accounts, then you can resolve to P2P trading but if it is a total Ban on crypto, then I guess you have to find a way to access your funds may be in another country  

[Bttzed03]

Central Bank of Nigeria recently issued a memorandum to ban all bank accounts of users that were involved in cryptocurrency trading but Binance P2P added Naira as one of their fiat option. Check that platform. Your local currency might be available there too.

OP did not mention that he is from Nigeria, except you now him personally. That is not also stated in his profile. I checked that now. And if he is from Nigeria he should have seen where other Nigerians hang out in the forum to discuss issues affecting them since he has been in the forum for years now. Nigerians there also offer trading activities too. Here is the link https://bitcointalk.org/index.php?topic=5121680.0

I didn't say that the OP is from Nigeria. Did you not read the "Your local currency might be available there too" part? I am giving the him/her an example of a country that recently enforced a ban and yet there's a P2P exchange that still allows fiat-crypto (vice versa) trading.

[cryptoaddictchie]

I think even its prohibited on your country. You can definitely find any groups or institutional buyers that transact crypto even its prohibited. Peer to peer method is the best way or find an OTC where you could negotiate regarding price. 1million usdt is big money and I think some are be willing to buy it on a lower price selling point. At least you wouldn't have problem exchanging it to currency. Accept it even foreign currency and I'm sure there is an exchange of that currency on yours.

[Lagduf]

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 ?

You can try to do that by doing peer to peer transaction, If better if you avoid any transaction that will be linked into your bank account and I'm sure that if you will be traced by the authority.
You can start to convert your balance to the native coin and then you can try to sell it for the Paypal balance or something else.
You may need to withdraw it started from a small amount of money.

[palle11]

Many have suggested P2P as a way you can get your cash, that is a good suggestion. If your country has ban cryptocurrency, it doesn't stop your trading business, so don't lose hope. If you make a small a huge profit, you don't need to travel to another country to withdrew it, you can withdraw little by that gradually through P2P. Check binance exchange, you will get solution.

[bonyaserg]

In this situation, you can proceed as follows. Withdraw funds as much as possible in another country. The rest of the cryptocurrencies can be converted into other coins that are currently most relevant and will bring great profit in the future. In any case, cryptocurrency is currently the most relevant investment business. And if you manage your funds correctly, you can forget about work and enjoy life for a long time.

[Twinkledoe]

the solutions are many and just as easy, first leave them in the usdt and get a wirex-type card and change a little just for use, second use hand swaps/change or ATMs, third make transfers through exchanges

Or better yet, if he has a friend, relative or anyone that he can trust outside of his country, who is residing in a crypto-friendly area, he can ask a favor to convert his crypto into fiat. And then send the fiat to him, of course just pay his friend for the trouble. Also, hope that he can find a friend who is familiar in dealing with crypto.

[doctor877]

firstly you will have to make withdrawals bits by bits through a trusted friends that will be able to send you the funds in your own currency. another alternative is to go to a country where there is no ban on cryptocurrency and follow protocols to make withdrawals. the former is more easy if you have a trusted friend.

[Ceyflix-Rez]

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 ?

Must you trade the whole amount at once? That's way too big for a single transaction, use peer 2 peer exchange like binance and link your bank account, it works but I suggest making the withdrawal I'm days, probably a week?

[masterrex]

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 ?

Thats really a complicated problem that needs a complicated solution, $1Million USDT is equivalent to $1 million dollars a huge amount of money, and since it was prohibited in your country according to your status you have a hardtime to cash it out. I think you can use a VPN to hide your real location and identity and withdraw it to your personal wallet and then you can do any available options like P2P or any kind of arrangement that is possible. just keep trying.   

[ZaraCB]

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 ?

Crypto is banned in our country like yours. But still here we can exchange crypto. I think the government where crypto is banned is not so expert that it will find you.
 1. You can keep your location secret using VPN.
 2. There are some crypto exchanges where peer to peer trading can be done such as Binance, Kucoin. You can find out in all these exchanges whether you can trade in your local currency.
 3. You can ask your local community for help.
 4. Wait until crypto is legal in your country.
 5. Go outside where crypto is legal.

[slaman29]

Move it to yourself. No need to move it to any exchange.

And go ahead and sell it p2p on a lot of platforms. You might end up selling it much faster than on a normal exchange actually with an even better price. You won't run into problems unless your own bank starts calling you up though but that's why you open 10 bank accounts to trade p2p;)

[CryptoATM]

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 ?

It depends entirely how you make this profit of yours, sorry if I sound too nosey, your topic said 'huge profit but how to withdraw' and your post says if you get a huge profit, mind me asking how you make such profit? Anyways if that profit of yours is made in the right way you got nothing to worry about, all you have to do is use P2P platforms, you send USDT to other and you get Fiat sent to your account direct from the buyers, not third party involvement

[Kelvinid]

the solutions are many and just as easy, first leave them in the usdt and get a wirex-type card and change a little just for use, second use hand swaps/change or ATMs, third make transfers through exchanges

Or better yet, if he has a friend, relative or anyone that he can trust outside of his country, who is residing in a crypto-friendly area, he can ask a favor to convert his crypto into fiat. And then send the fiat to him, of course just pay his friend for the trouble. Also, hope that he can find a friend who is familiar in dealing with crypto.

That could be the best option, otherwise, OP has to wait until the time that crypto is welcome in their country.

Banning, not allowing people to use and trade their cryptos, are some reason why some people are not quite interested in crypto anymore. How could have the sense if we just ended like this, unable to withdraw. It just like we are throwing our money outside.

I can imagine how OP is mad for his situation. May He have friends outside his country to make a favor so he can also benefit from the hard work he put on his investment.

[criket]

If you are from a crypto prohibited country, you can't withdraw or cash your funds legally. YOu can only sell and cash it with person to person by communicating locally in a secret way which is risky but this is only way to cash it out. Most of the users from a crypto ban country suffer this very much like you and me.

you are wrong, that is not the only way to be able to take the benefits he gets.
try to read what's already above you. many members have given good advice. because there are exchanges that support converting crypto to money that applies in all countries such as USD. and withdrawals can be made directly to the Central Bank in the country usually.