Imagine a scenario where a user purchases an NFT. This NFT is suddenly in demand and then purchased for 6 a six figure sum. ??? Source of funds: NFT sale. Problem?
Those are very different things from just sending to another address. You have to be very diligent if you're trying to protect your privacy with Bitcoin, it's a non-trivial endeavour.
Thanks. I think I will travel to the UAE to cash out. But in the mean time I'm looking for a strategy which will allow me to cash out partially while remaining in the UK. I will likely not be able to provide POSOF.
I do use decentralised exchances and P2P. However, I've reached my tax-free allowance of £12.5k, and any more gains in my bank this year would be taxable. The problem I'm facing is that my crypto wealth has grown beyond an amount which I could simply cash out and dump into my personal bank...
(Beginner questions)
Is my understanding correct in how I should approach this?
I should register a business (corporation with myself as director?) and find someone who'll buy my crypto OTC and invoice me for services I provided.
This business should have its own bank account. I can pay myself...
@Fred
Hi, I've been reading the forum, I'm in a similar position to many people here, I'm in the UK and have a large crypto holding which I wish to partially cash out. Your posts have been very elucidating and I actually feel that you may have the best solutions for people like me. But reading...
I'd like to try the Advanced Cash card, I can live with the fees, IF they don't freeze my account and I can use it for a fairly high volume to purchase something expensive like a car. I've been reading reviews on trustpilot and unfortunately about 23% of the total reviews have 1 star which is...
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