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Question Any good crypto debit card that won't get me in trouble with taxes?

Bitmonst3r

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Apr 10, 2021
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Hello everyone, I am looking for advice on getting a crypto debit card.
I need to cash out about 1000 euros every month, but I don't want to get caught by tax regulators, asking me where I got it from. (It's nothing illegal, I mine crypto, but don't want to pay taxes lol). Anyone can recommend anything?
Oh, I am from Europe (Lithuania to be exact) if that matters.
 
Additionally, you might consider your country's tax system and try to consider that income as non-taxable.

I'll give you an example: in Italy donations between individuals are not taxed. You don't even have to declare them in your tax return.
In Lithuania certainly the situation is different, but perhaps you may find some similar loophole.

When you receive money via crypto there are no referrals, so you have a lot of freedom to use your imagination.
 
Additionally, you might consider your country's tax system and try to consider that income as non-taxable.

I'll give you an example: in Italy donations between individuals are not taxed. You don't even have to declare them in your tax return.
In Lithuania certainly the situation is different, but perhaps you may find some similar loophole.

When you receive money via crypto there are no referrals, so you have a lot of freedom to use your imagination.
Thanks, I will do some research.
 
Additionally, you might consider your country's tax system and try to consider that income as non-taxable.

I'll give you an example: in Italy donations between individuals are not taxed. You don't even have to declare them in your tax return.
In Lithuania certainly the situation is different, but perhaps you may find some similar loophole.

When you receive money via crypto there are no referrals, so you have a lot of freedom to use your imagination.
that is not correct......
Thats the poor claim of bitcoin belivers who have no clue that over 99% of all transaction can be traced back.
The claim bitcoin is annonym is a false one making people belive they are safe.
One of the tools which can add some privacy is something like chipmixer .
However as soon as you connect with the internet and make a transaction you leave traces
 
that is not correct......
Thats the poor claim of bitcoin belivers who have no clue that over 99% of all transaction can be traced back.
The claim bitcoin is annonym is a false one making people belive they are safe.
One of the tools which can add some privacy is something like chipmixer .
However as soon as you connect with the internet and make a transaction you leave traces
I didn't talk about anonymity.
I simply said that for small amounts (12,000 euros in a year) the automatic controls of the tax authorities do not take place.
So I suggested that in these situations you don't need to find complicated systems to be anonymous
 

they can't as long as you stay under 60k limit /day
Thanks, I will definitely be going to check it out after the shops open. (Everything is closed due to covid)
you may want to check out local bitcoin meetup groups - not sure if they have them where you are - but if they do, you can trade in person locally. if we lived near each other, id pay fiat for crypto with you since you are mining. Are you mining BTC?
I am mining ETH
 
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I simply said that for small amounts (12,000 euros in a year) the automatic controls of the tax authorities do not take place.
BS, not exactly like that in Germany, France, Spain, Italy etc.
Plenty of guys i know got letters of compliance for half that, usually they paid those (as they evaded way more :p, nothing more followed). They all got them after some time, e.g. 2-3 years.

I'll give you an example: in Italy donations between individuals are not taxed. You don't even have to declare them in your tax return.
I call that half bulls**t.
A friend I know, Italian lawyer, told me it's true you don't have to declare the donations in your tax return, but you still have to pay a tax on the donations.
If it's between blood relatives there are low fees and a tax-free exemption of like 1mln eur.
If it's not, then there's no exemption and there's a fee to pay, like 6% of the amount o_O.
To call it a donation it has to be declared as such by notary act.
If you give them money by cash or wire transfer without declaring it, you will get in troubles for this after a while.
e.g. he told me about wedding donations in cash/wires, that happens frequently in Italy. The guests didn't declare them as donations and after years the married couple got a letter from the tax authority for those undeclared amounts... they treated them as if they were income... and had to pay taxes on that as they were not registered as donation. :eek:
Also the lawyer told me that the italian law doesn't say the exact amount (donation between non-related people) over which taxes are due, but it says something like "any valuable amount".
So it's a minefield even for lawyers. As sometimes 1k is valuable enough, sometime is more.
long story short, they'll try to shaft you in every way. it's more hellhole than you think.
 
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that is not correct......
Thats the poor claim of bitcoin belivers who have no clue that over 99% of all transaction can be traced back.
The claim bitcoin is annonym is a false one making people belive they are safe.
One of the tools which can add some privacy is something like chipmixer .
However as soon as you connect with the internet and make a transaction you leave traces
100% you don't have a clue how to operate with crypto and stay 100% safe without any trace.
 

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