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Best country to cash out 800k$ BTC to FIAT

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poapoa

New member
Jun 21, 2019
14
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3
#1
I'd like to be resident in a country where i can cash out 800k$ or more per year.
I do have proof of trade from years ago if banks ask but i know in some country proof are useless because profit related to bitcoin are not accepted.

So, whats the best country and the best bank in this country to link to a crypto exchange and make sure they don't freeze anything.
 
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#5
Cetme308win said:
Bro can you send the details to me too? I'm Interested
Click to expand...
Trading bitcoins will not cause you any issues in the areas I suggest you,it is legal and protected.
But you can not do the dirty business to get those bitcoins.
There are many areas and methods in Asia you can choose to enjoy your life with those bitcoins.
I can not input them all here because I am not sure what kinds of life you prefer even what country passport you are having now.
If you have chance to visit HK,CN,CM,TH,I can meet with you to provide you a solution if our time matched.I also have casino business in Cambodia,Sihanoukville,so mostly I will be there on the beach side.
 
#6
poapoa said:
I'd like to be resident in a country where i can cash out 800k$ or more per year.
Click to expand...
As far as I know, bitcoin profits are not taxed in Slovenia, in case 1) the coins are not received as a compensation for work and 2) we're talking about a private person, not a company.

Slovenia is not a well-known country, but their geographical location is not bad at all. I could imagine living there the required 180 days, and spending the rest of my time on Croatian beaches, Italian cities and the Austrian Alps. All neighboring countries, a short car drive away.

Bitstamp is originally a Slovenian company, and their banking connections are good. As for the bank, you can find several threads about crypto-fiat banks and EMIs via the search function.
 
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#7
OTR365 said:
As far as I know, bitcoin profits are not taxed in Slovenia, in case 1) the coins are not received as a compensation for work and 2) we're talking about a private person, not a company.

Slovenia is not a well-known country, but their geographical location is not bad at all. I could imagine living there the required 180 days, and spending the rest of my time on Croatian beaches, Italian cities and the Austrian Alps. All neighboring countries, a short car drive away.

Bitstamp is originally a Slovenian company, and their banking connections are good. As for the bank, you can find several threads about crypto-fiat banks and EMIs via the search function.
Click to expand...
Slovenia is pretty nice. The country is structure wise much closer Austria than to Italy.
Everything from roads to laws is well organized and the bureaucracy nowhere near as bad as in Italy.
Compared to Croatia the beach front is more expensive but also much cleaner and better organized.
I especially like little towns like Piran, its worth going there for at least a summer holiday.
 
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#12
libertycity said:
Trading bitcoins will not cause you any issues in the areas I suggest you,it is legal and protected.
But you can not do the dirty business to get those bitcoins.
There are many areas and methods in Asia you can choose to enjoy your life with those bitcoins.
I can not input them all here because I am not sure what kinds of life you prefer even what country passport you are having now.
If you have chance to visit HK,CN,CM,TH,I can meet with you to provide you a solution if our time matched.I also have casino business in Cambodia,Sihanoukville,so mostly I will be there on the beach side.
Click to expand...
I agree, Cambodia will give you cash :) No tax.
 
#13
Satoshi said:
I agree, Cambodia will give you cash :) No tax.
Click to expand...
This really isn't a good advice for OP... His situation is that he should get a residency somewhere nice and then find a bank that won't think you are a terrorist or CP producer for cashing out crypto. Quite possibly residency and bank will be in two different countries (and none of them have to be/should be Cambodia). After that, if living in SEA if your cup of tea, you can consider that...
 
#15
You simply want to setup a company in Georgia it looks with banking there, so you will cash out to this company and take out the money as you go. Or even better put it in the company in Georgia, transfer it to a Seychelles company with EMI account and cash out by card or buy stuff.
 
#17
I'm still not seeing any good solution.

Let's say you have a legit business gaining important amount of bitcoins every month, how to deal with it? Cause most of the banks don't wanna hear about it, no matter what the source is. I've seen lot of form to open accounts lately where they ask you specifically if you deal with crypto (if so, forget to get the account).
 
#18
KJK said:
This really isn't a good advice for OP... His situation is that he should get a residency somewhere nice and then find a bank that won't think you are a terrorist or CP producer for cashing out crypto. Quite possibly residency and bank will be in two different countries (and none of them have to be/should be Cambodia). After that, if living in SEA if your cup of tea, you can consider that...
Click to expand...
What country are you thinking about allowing you to deal with lot of crypto? I don't know about Cambodia but elsewhere isn't that easy even just to open a personal account without having a long visa or being resident.
 
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