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$40.000 from paxum to IBKR

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DonnieDarko14

New member
Hello! I live in Romania and I have Romanian citizenship. I don't want to pay taxes for this money. I also transfer a lot of money from Romanian accounts that are taxable, so I don't think IBKR will get suspicious. The money I have on paxum is from before I got legal and started paying taxes. I can also get the money cash, but I can't put them in a Romanian bank account for obvious reasons. I could also use trading212 or another broker, but none of them accept paxum as far as I know. Any suggestions?
 

MichalS

New member
in general you should split the withdrawal into multiple methods like some cash, some your real bank, some emi, maybe crypto or paypal or broker account
maybe ask your family members or friends if they can receive something
obviously it is better to withdraw it bit by bit throughout a few months rather than one big withdrawal

I am withdrawing crypto for similar amount and this is what i do maybe there are better methods but I dont think so
 

DonnieDarko14

New member
in general you should split the withdrawal into multiple methods like some cash, some your real bank, some emi, maybe crypto or paypal or broker account
maybe ask your family members or friends if they can receive something
obviously it is better to withdraw it bit by bit throughout a few months rather than one big withdrawal

I am withdrawing crypto for similar amount and this is what i do maybe there are better methods but I dont think so
Yes, that's what I would do if I wanted to get the money cash. That's how I withdrew almost 200k. Just under 5k withdraws once a month per account. I could get that 40k cash easily, but I want to invest them on a broker platform and for that they need to go through a personal bank account or even a skrill account would work. Next year I will actually have to report the money I make through dividents from my company so I suspect they will look through my bank account to check if I reported the correct amount so they would be able to see some weird transactions that aren't from my company and I can't justify.
I'm interested to see if I can get those 40k to a brokerage platform without placing them into a bank first.
An option I found would be paysafe to skrill and skrill to trading212. 1,7% total taxes.
 

KJK

Entrepreneur
paysafe to skrill and skrill to trading212. 1,7% total taxes

I have no idea what you mean by this but Skrill is owned by Paysafe afaik. Also they will rip you off on any currency exchange possible, usually both ways. Perhaps if you can transfer from Paxum to Skrill and deposit from Skrill to T212 and pay 1.7 % of fees for all of this transfer, it would be acceptable. However, be careful that all transfers are in one currency (EUR) and you don't involve other currencies like USD or RON...
 

DonnieDarko14

New member
I thought it would be an option to get the money cash and buy Paysafe physical codes from stores then put the money into skrill. You can put money into your skrill account using Paysafe codes for 1% commision. It would be too much of a hassle and not worth it.
Now I realize that I could deposit the money in bank accounts belonging to friends, make them skrill accounts and transfer the money there then send the money to my skrill account and deposit on trading212. From what I've read skrill might freeze some account and I might end up losing the money or not see them for a year.
 

Raxxor

New member
Hello! I live in Romania and I have Romanian citizenship. I don't want to pay taxes for this money. I also transfer a lot of money from Romanian accounts that are taxable, so I don't think IBKR will get suspicious. The money I have on paxum is from before I got legal and started paying taxes. I can also get the money cash, but I can't put them in a Romanian bank account for obvious reasons. I could also use trading212 or another broker, but none of them accept paxum as far as I know. Any suggestions?

I did some transfers to IBKR through TransferWise using a crypto debit card to pay the transfers, maybe not the best but enough to dont use local banks.
 

Admin

Forum Moderator
Staff member

Basil

New member
I think he is talking about the EMI. Sounds like money accumulated through adult entertainment / a webcam modeling studio.
 
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