Our valued sponsor
Hello Guys !
- Thread starter Wizardo
- Start date
Regarding this matter, you'll get a lot of unsound solutions in this forum.
Until the cryptocurrencies are not regulated entirely, the advisable method you would choose is P2P escrow.
Decide your principle fiat currency and select a reliable EMI which suits you most according to your country resident.
Then buy/sell from vendors via internal transfer derivative of that particular EMI through P2P cryptocurrency exchanges.
Paxful, LocalBitcoins, Binance are good.
If you live in the EU, Paysera, Skrill, and Wise are good to go.
(Use only internal transfer derivative)
Alternatively, a lot of merchants accept bank transfers as well.
Also, you can establish a juke company for cashing out your cryptocurrency earnings. (Seek advice from an expert)
Until the cryptocurrencies are not regulated entirely, the advisable method you would choose is P2P escrow.
Decide your principle fiat currency and select a reliable EMI which suits you most according to your country resident.
Then buy/sell from vendors via internal transfer derivative of that particular EMI through P2P cryptocurrency exchanges.
Paxful, LocalBitcoins, Binance are good.
If you live in the EU, Paysera, Skrill, and Wise are good to go.
(Use only internal transfer derivative)
Alternatively, a lot of merchants accept bank transfers as well.
Also, you can establish a juke company for cashing out your cryptocurrency earnings. (Seek advice from an expert)
Last edited:
I would prefer not to have a company front as I will only need 50-300K cashout I don t think it's worth it to risk legal forgeries for that amount. It will depends if in the new country i need to be a corporation to trade or if the individual investor enable me to have good tax scheme. But might still do a cashout to have all proof clean then re invest all, will see. Will create a thread soon to discuss it further.
Concernerning the P2P -> EMI -> Bank account, what do you mean by internal tranfer derivative ? I haven t used either P2P nor IME as of now.
P2P(Peer-to-Peer) trading is the act of buying and selling cryptocurrencies directly between users, without a third party or intermediary.
An escrow service in P2P is an arrangement in which a trusted third party(Exchange Platform) handles the exchange of assets between the transacting parties, ensuring safety and fair trading for both, buyer and the seller.
EMI(Electronic Money Institution) makes it easier, quicker and, safer for users to transact electronically between the internal users, make purchases, and receive payouts from merchants.
Such as Skrill, Neteller, AdvCash.
Internal transfer derivative is where the sender and receiver use their unique IDs issued by the EMI to transact internally without engaging any third-party platform, bank, and other financial institutions.
For example, Skrill e-mail to e-mail transactions.
or
Paysera ID to ID transactions.
Last edited:
What is the purpose of making sure it's an internal transfer? Is it because there's less chance of the EMI shutting down your account this way?
