Can crypto assets be swapped anonymously?

[suzanne5223]

I never support the idea of evading tax due to the problems it always generates in the future. Still, if the above advantages you provide are something you strongly believe will secure you from paying tax and also avoid future complications, I will advise you to go for your mother-in-law or use 2 privacy crypto trading platform like unstoppableswap, and Bisq, since privacy is prioritized.

But, if I were you, I would go for my mother-in-law or follow the legal options.

[adam.sandler]

Even if these solutions of yours are successful, I must remind you of one thing =

Just as the government of your country decided to tax its domestic crypto market, your wife's mother country may pass this law a few days later and you will face a new problem again.
Or even laws may be enacted to counter one of your solutions.

I want to say that do not look at these ways as permanent ways. Friends have provided various solutions that can be useful.

There is also a bad and very dangerous and expensive way of money laundering, which I strongly emphasize that you should not go this way because the consequences of this are much, much, much greater than tax evasion.

Study the laws and look for ways to reduce taxes or tax exemptions. Usually the laws have loopholes.

[WeThePe0ple]

It's not going to work, you can't operate an crypto exchange account that was created in another country in your own country, the exchange will detect this and lock you out.

She lives with us at least 3 months per year.

Tax Evading is bad, even if you use monero and other privacy coins you can still be caught, I would rather leave the country and go to a nearby country, that's if my crypto portfolio worths a lot though, it will make no sense to switch for a new country with $1000- $10,000 in my portfolio.

Mine is 50k but growing rapidly. Not enough to leave the country, but I can't let all my profits be eaten by insane taxes.

It's better you leave or you pay the tax, other ways are not safe and evading this tax thing is a crime, you could be fine big time with amount that you won't be able to pay up for years. I don't recommend.

The tax lawyer recommends setting up a company (I don't know the details yet) in a more tax friendly country in Europe.
Like an online store. From his website I do get the impression that I would have to own real estate in that country. So it's not for modest crypto holders like me.

A friend of mine works with that lawyer. He says I can pay income tax for my regular job in my own country, and I can pay tax on crypto in the more tax friendly country where the company is located.

I have booked a session with the man but it's insanely expensive and I don't know where it will end

[Patikno]

There are actually many ways you can do what you want, and some suggestions that have been submitted by several forum members are possible, such as using a privacy enabled service by a token/coin like zcash or monero, but I think monero is still much more private, or using an exchange that does not require identity or kyc. For me personally, I have no problem paying taxes to the state, because fortunately in my country the tax for crypto users or traders is relatively small, so I have no problem with that.

[WeThePe0ple]

There are actually many ways you can do what you want, and some suggestions that have been submitted by several forum members are possible, such as using a privacy enabled service by a token/coin like zcash or monero, but I think monero is still much more private, or using an exchange that does not require identity or kyc. For me personally, I have no problem paying taxes to the state, because fortunately in my country the tax for crypto users or traders is relatively small, so I have no problem with that.

I know about the non KYC exchanges but I am terrified of something going wrong and me losing all my crypto.
I have even chosen a hardware wallet with customer service in order to safely withdraw the crypto assets off a centralized exchange.
Doing this was not easy.

For safety reasons I was not allowed to type my BTC address onto the website. I had to copy paste it from an email that I sent to myself, and I deleted the email immediately afterwards.

There are so many things that can go wrong. I'd be paranoid on something like BISQ with no customer service.

I could contact the customer service of my hardware wallet again, pay them an hourly fee and let them swap my crypto assets to monero to wipe out all traces. But I guess this also means that I can no longer prove the origin of my crypto assets when a bank asks me for the transaction history in 2035.

[Wiwo]

Simple story of a guy' that is a freelancer here sometimes ago who was arrested for something else but caught up in the web of tax invasion, in his own case he have tax invasion but he was able to get a good tax legal team he was billed to back pay all the tax and he was lucky that he was able to afford that at that time.

So my conclusion os why not go ahead and lay tax on your cryptocurrency incomes, this way you can be confident with your cryptocurrency dealing, and be rest assured you get no problem with the tax Master.

[Bitcoin Smith]

It's still tax evasion and likely you might even get caught depends on how much numbers are we talking about.

Why not try to easy way, look for the buyers in your country and willing you to buy directly after you being agreed to a rate, like how we see the trades in the classic gansta movies.

There will be no payment trail at all but you may need to prove the source of funds whn you spend money from it and that's when lawyers and accountant will come in handy but you said job so I doubt the numbers are that big, I might be wrong so don't stress yourselves.

Why not just keep holding?

[sokani]

2) The other option would be to use swapping platforms like changelly. But I am very worried about losing my funds with these.

I cannot give you advice on how to evict tax in your country but what I can tell you is not to use Changelly to swap your coins. Avoid it like a plague, it's not reliable. There are many cases of users getting scammed by the platform. After receiving your fund, you will be subjected to their stupid KYC verification process and yet you wont be able to get your fund back.

[WeThePe0ple]

Simple story of a guy' that is a freelancer here sometimes ago who was arrested for something else but caught up in the web of tax invasion, in his own case he have tax invasion but he was able to get a good tax legal team he was billed to back pay all the tax and he was lucky that he was able to afford that at that time.

So my conclusion os why not go ahead and lay tax on your cryptocurrency incomes, this way you can be confident with your cryptocurrency dealing, and be rest assured you get no problem with the tax Master.

Paying that tax in my country is probably a worse option than just hodling.

You can see paying that tax as agreeing with a 33% or even a 60% (50% tax + social tax contribution) conversion fee when you swap euro for dollars. The only difference being that here you are converting digital currency to fiat currency.

Nobody in their right mind would ever do that.
They would just keep the money and spend it on a different occasion, without any conversion. In fact I have once been to Argentina with loads of cash euros because I did not agree with the banks' devastating conversion fees.

I consider not selling my first 0.25 BTC purchase, but that is like agreeing to let 35k euros worth of value (I expect BTC to hit 150k this year) all the way back to 15k at the bottom of the bear market next year.

The tax man is most likely to appear when I convert crypto to fiat in a regular bank. I do not intend to ever do this. I wish for my DeFi tokens to remain DeFi for eternity and keep them far away from government funded digital slavery, also known as the fiat scam. My crypto wallet is the inheritance for my children, intended for 2050

[WeThePe0ple]

It's still tax evasion and likely you might even get caught depends on how much numbers are we talking about.

Why not try to easy way, look for the buyers in your country and willing you to buy directly after you being agreed to a rate, like how we see the trades in the classic gansta movies.

There will be no payment trail at all but you may need to prove the source of funds whn you spend money from it and that's when lawyers and accountant will come in handy but you said job so I doubt the numbers are that big, I might be wrong so don't stress yourselves.

Why not just keep holding?

I started with 20k euros 1 year ago and now the account is at 50k euros. I believe I can hit 80k or more after the summer here.
And I aim to increase this portfolio every year.

It is not a lifechanging amount of money yet, but with good management it can certainly become just that.

[WeThePe0ple]

2) The other option would be to use swapping platforms like changelly. But I am very worried about losing my funds with these.

I cannot give you advice on how to evict tax in your country but what I can tell you is not to use Changelly to swap your coins. Avoid it like a plague, it's not reliable. There are many cases of users getting scammed by the platform. After receiving your fund, you will be subjected to their stupid KYC verification process and yet you wont be able to get your fund back.

Please provide me with some links.
Customer support of my hardware wallet said they had good experiences with changelly. But this was 1 year ago

[sokani]

Please provide me with some links.
Customer support of my hardware wallet said they had good experiences with changelly. But this was 1 year ago

From what I understand, Trezor, Ledger and Tangem are partners and I guess part of the partnership deal is referring their users to Changelly and that's why your device manufacturer made the recommendation. However, the truth is that the exchange is known for dubious practices and you should avoid it. Here are few cases compiled by Jawhead999. If you search on the internet, I'm sure you will find more.

If you search this exchange before, you'll see a bunch of thread have discussed against this scam exchange. Changelly have multiple scam accusations and only solve a few cases.

• Changelly.com scam, support don't reply at 2 mail in 20 days
• Changelly 25 ETH Scam!
• Changelly.com Scammed Me - Took Approx 80% in FEES!!!!
• Changelly scam? I think so
• changelly.com Just ripped me off of 349 XRP
• CHANGELLY / SIMPLEX IS A SCAM !!!
• Changelly.com scam 12000 WINGS
• Changelly.com - SCAM PROOF HERE
• Scammed 60 BTC or 851 ETHER by Changelly.com BEWARE!
• [SCAM ALERT] CoinPayments.net / Changelly
• changelly is scam and fraud
• No action by Changelly after 16 days - no exchanged coins and no refund
• CHANGELLY - Illegal exchanger from RUSSIA with FAKE team
• Changelly SCAMMED me today. Read the FACTS here.
• Changelly - FAKE KYC/AML

[Royal Cap]

Like everyone else I also think that tax evasion may be effective for you in the short term, but it can be a threat in the future. Because tax evasion from one country to another is a big crime.
So what I think in this short term is that maybe you should go to a country near you where there is no tax on crypto. Or give your family time, work and pay taxes from your own country.

[Bitcoin Smith]

It's still tax evasion and likely you might even get caught depends on how much numbers are we talking about.

Why not try to easy way, look for the buyers in your country and willing you to buy directly after you being agreed to a rate, like how we see the trades in the classic gansta movies.

There will be no payment trail at all but you may need to prove the source of funds whn you spend money from it and that's when lawyers and accountant will come in handy but you said job so I doubt the numbers are that big, I might be wrong so don't stress yourselves.

Why not just keep holding?

I started with 20k euros 1 year ago and now the account is at 50k euros. I believe I can hit 80k or more after the summer here.
And I aim to increase this portfolio every year.

It is not a lifechanging amount of money yet, but with good management it can certainly become just that.

So face to face is the realistic solution, you may try the currency exchange section if any forum members interested in the deal but you also have to be careful with face to face because there's a lot of pitfalls on it too, but for safety concern meet the buyer in the public place and split the deals into a few to reduce any risks.

About the growing part, yes it's definitely possible and with a little play around once in a while like buy the dip and sell when market hits peak then the compounding will kick in.

[Baki202]

There are actually many ways you can do what you want, and some suggestions that have been submitted by several forum members are possible, such as using a privacy enabled service by a token/coin like zcash or monero, but I think monero is still much more private, or using an exchange that does not require identity or kyc. For me personally, I have no problem paying taxes to the state, because fortunately in my country the tax for crypto users or traders is relatively small, so I have no problem with that.

There are a lot of suggested ways that are that are suggested that are quite safe to actually deal with and people are mostly comfortably with enough privacy because there people that love to do there things privately.
People are investing in Bitcoin because when it comes to privacy and the rest monero and people love decentralized and people don't really fancy kyc exchanges because centralized  mostly requires kyc. And people are usually scared that there will be data leakage and there data will be exposed this is one of the reason they don't like their data been with anyone because the main reason for Bitcoin wad for a decentralized space so this is why people are been careful of what they want exactly. Because of data exposure.

[adam.sandler]

A bit of bad news.
I read some information about crypto taxes and wanted to share it with you.
Basically, every cryptocurrency transaction will now be watched around the world. So, all types of activity and transactions will show up in the reports and any matters regarding a tax jurisdiction will be sent to that jurisdiction.
If a deal happens between Japan and the United States, both parties will receive the transaction report so they can make their choices according to their tax regulations.
With so many transactions taking place each day, it’s tough to monitor them, but these new laws have led countries to take on much of the responsibility.
These type of actions are harming the main concepts of the digital network. The real problem is found within governments, who want to observe everything and everyone to make money, but they falsely claim they are doing so to prevent corruption, since they too are involved in corruption.

sources:
https://en.wikipedia.org/wiki/Directive_on_Administrative_Co-operation_in_the_field_of_Taxation_%282011/16%29?utm_source=chatgpt.com
https://www.oecd.org/en/publications/2023/06/international-standards-for-automatic-exchange-of-information-in-tax-matters_ab3a23bc.html?utm_source=chatgpt.com
https://rsmus.com/insights/tax-alerts/2024/oecds-new-faqs-and-user-guide-provide-roadmap-for-reporting-cryp.html?utm_source=chatgpt.com
https://www.oecd.org/en/publications/2024/07/bringing-tax-transparency-to-crypto-assets-an-update_fa222834.html?utm_source=chatgpt.com
https://coinledger.io/guides/crypto-tax?utm_source=chatgpt.com
https://turbotax.intuit.com/tax-tips/investments-and-taxes/your-cryptocurrency-tax-guide/L4k3xiFjB?utm_source=chatgpt.com

[Davidvictorson]

All these types of legal questions cannot be answered by our matures in this forum you need a professional which proper knowledge in this field to give you the best advice. Take anything giving to you here on this matter with a great of salt to avoid falling in trouble with your authorities.

Tax and tax invasion have been become a trending topic lately in my environment and coming to this forum I saw this topic about crypto tax and it implications, the fact that we can hide From paying taxes now on our crypto incomes doesn't mean that we can hide from it reality for life and the earlier we comply with regulators the better for us.

I read one yesterday. People are feeling cheated for paying taxes and want to avoid it. But they need to do it the right way and it is only a legal professional that knows which way is the right way. If anyone should follow these advices here they will do jail time.

[WeThePe0ple]

Please provide me with some links.
Customer support of my hardware wallet said they had good experiences with changelly. But this was 1 year ago

From what I understand, Trezor, Ledger and Tangem are partners and I guess part of the partnership deal is referring their users to Changelly and that's why your device manufacturer made the recommendation. However, the truth is that the exchange is known for dubious practices and you should avoid it. Here are few cases compiled by Jawhead999. If you search on the internet, I'm sure you will find more.

If you search this exchange before, you'll see a bunch of thread have discussed against this scam exchange. Changelly have multiple scam accusations and only solve a few cases.

• Changelly.com scam, support don't reply at 2 mail in 20 days
• Changelly 25 ETH Scam!
• Changelly.com Scammed Me - Took Approx 80% in FEES!!!!
• Changelly scam? I think so
• changelly.com Just ripped me off of 349 XRP
• CHANGELLY / SIMPLEX IS A SCAM !!!
• Changelly.com scam 12000 WINGS
• Changelly.com - SCAM PROOF HERE
• Scammed 60 BTC or 851 ETHER by Changelly.com BEWARE!
• [SCAM ALERT] CoinPayments.net / Changelly
• changelly is scam and fraud
• No action by Changelly after 16 days - no exchanged coins and no refund
• CHANGELLY - Illegal exchanger from RUSSIA with FAKE team
• Changelly SCAMMED me today. Read the FACTS here.
• Changelly - FAKE KYC/AML

The same guy who recommended changelly (customer support of my hardware wallet) invited me to a discord chat group.
He sent me a DM, asking for my trading history. It seemed like a friendly conversation out of genuine interest.

However 1 day later he started about an ERC20 mining protocol. I don't know what to think of this. Whether it is normal or he is trying to sell me something or worse.

You don't need to own ETH to start the ERC-20/ BEP20 mining protocol. It is a mining protocol that allows you to earn ERC20/BEP20 tokens directly in your wallet. Once your assets are held in a validated wallet that supports the protocol, the system passively generates yield.
You'll need to confirm your eligibility. Not everyone is eligible. Some of the community members who were eligible are already taking advantage of it.
You'll need a wallet to proceed. Safepal is a good option. Once you have  that set-up , I can give you the info for the blockchain validation pool where you validate your wallet for the mining. Many people have been generating good profits and earnings from this little project as It’s similar to an airdrop, so you receive ERC-20 or BEP-20 tokens directly into your wallet

You can stack up your positions on your portfolio by swapping the rewards gotten from the mining protocol for other assets.

I'm not familiar with mining.
I do know that tax authorities in my country ask about activity in mining to distinguish between amateurs (tax free investment) and pros (minimum 33% tax on profits)

Generating free yield with no catch sounds to good to be true to me.
Does the mining he is talking about require loads of energy? Is there a catch or is he just trying to help?

[BitHodlers]

You could try to keep yourself more private by using shielded transactions like Monero or Zcash. While both are much more anonymous, it's hard for me to say how safe they are for you. Because if something goes wrong here, your life could be turned upside down.

Nobody is going to spend significant resources to investigate random individuals. If you use those altcoins correctly, nothing will be traced back to you, ever.

swapping platforms like changelly brother do not use them go check

Do not use changelly, it is horrible and you will create even more problems for yourself.

A bit of bad news.
I read some information about crypto taxes and wanted to share it with you.
Basically, every cryptocurrency transaction will now be watched around the world. So, all types of activity and transactions will show up in the reports and any matters regarding a tax jurisdiction will be sent to that jurisdiction.
If a deal happens between Japan and the United States, both parties will receive the transaction report so they can make their choices according to their tax regulations.
With so many transactions taking place each day, it’s tough to monitor them, but these new laws have led countries to take on much of the responsibility.
These type of actions are harming the main concepts of the digital network. The real problem is found within governments, who want to observe everything and everyone to make money, but they falsely claim they are doing so to prevent corruption, since they too are involved in corruption.

Just do not do KYC anywhere if you don't want to be traced. People really have a misunderstanding how crypto works. Without a natural person attached to it, an address exists on its own and will never be tied to anyone unless they decide to tie it to themselves.

There are many ways of illegally evading taxes. Easier, riskier, criminal and obviously not recommended or even allowed to talk about them. Legally avoiding taxes is a whole other matter and depends on the user's specific circumstances and possibilities. There are ways to realize a 0% tax rate if they are willing to move to certain countries for example.

Mine is 50k but growing rapidly. Not enough to leave the country, but I can't let all my profits be eaten by insane taxes.

Tax rates are out of control and totalitarian nowadays. Do not let any good doers tell you otherwise, your wish to avoid paying them is understandable and acceptable.

I have booked a session with the man but it's insanely expensive and I don't know where it will end

If you want to avoid trouble for yourself, then you need good advice and a proper solution. Good advice will cost you. Remember, if you do this wrong it can come up after many years in the future and cause problems for you.

[tvplus006]

...Any other ideas? I am not going to pay a boatload of taxes and donate all my profits to the government, obviously

You can remain invisible to the tax inspector if you trade exclusively on DEX, which do not require verification. But the moment you decide to withdraw your cryptocurrency to a bank card, the tax authorities will know about your money. There is an option to use cryptocurrency withdrawal services through an intermediary, when you transfer cryptocurrency to his wallet, and he gives you cash in your hands.