Best Way to Cash Out Millions in Crypto
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- čas přidán 27. 08. 2024
- Best Ways to Cash Out Crypto ▶ • How to Cash Out Millio...
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Summary of this video:
💰 Cash out strategies for millions in crypto
- Strategies for cashing out large sums of Bitcoin or USDT to a bank account while minimizing tax liabilities.
- Importance of choosing the right jurisdiction for tax residency and banking.
🌍 Choosing tax-friendly jurisdictions
- Comparison of tax advantages in countries like Poland, Dubai, Paraguay, and Barbados.
- Benefits of quick tax residency processes and minimal tax on crypto gains in select jurisdictions
- Detailed process of obtaining tax residency in Barbados within two weeks.
- Overview of tax benefits including zero tax on crypto and foreign sourced income.
🏦 Establishing a trust in Cook Islands
- Advantages of setting up a trust in the Cook Islands for asset protection.
- Using a Cook Islands LLC to facilitate banking in Switzerland or Liechtenstein for secure asset management.
📈 Financial benefits and considerations
- Benefits of earning yields on funds in Swiss accounts and protection against inflation.
- Important tax considerations for individuals leaving high-tax countries and implications for US citizens.
DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
Becoming a skilled trader takes time and patience. I experienced liquidation twice and lost my mortgage deposit when I first started. However, instead of giving up, I continued learning and practicing trading. Four years later, I'm glad I persevered, having accumulated $430k to date.
Wow, this is impressive! As a beginner, it can be tough to keep up with all this information. How do you stay informed? You must have many years of experience to achieve such profitability.
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
My portfolio has been struggling all year, so I started researching new ways to profit in the market, but nothing seemed to work. Could you please share the name of your financial advisor?
Credits goes to "Melissa Elise Robinson" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
Michelle Stewart strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills
she's mostly on Telegrams, using the user name.
Stewart340 💯 ..that's it
As a newbie about to invest, you most have this four things in mind!
1. Have a long-term mindset.
2. Be willing to take risk.
3. Be careful of money usage, if you're not spending to earn back, please stop spending.
4. Never claim to know: Ask questions and it's best you work with a financial advisor.
Most people think investing in crypto is all about buying coins and leave it to Rise, Common it's takes much analysis to be a successful crypto trader.
Crypto currency is bringing a different revolution in the world economy. People who are optimistic investors earn consistently....... Others will just sit and watch.
Trading without a professional guide... Hug I laugh you, because you'll remain where you are or even make a huge loose that will stop you from trading, this as been one of the biggest problem to new investors.
Honestly I really need help, learning to trade, seen my portfolio low makes me sad, can you guys recommend an investor for me..
I know someone who can help you, Miss NORA.
I make $150k a year. Mind you I have no children and zero debt. I have a six figure portfolio (Stocks, crypto crowdfunding real estate, savings, and CD's) it wasn't easy. I hustled, saved, and invested my money. I always tell people "Money can't fix stupid"
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
My goal is to save 10k for my wedding. I'm at $5,700 right now. My goal is to achieve it by December 31st. I'm also paying down debt too (credit cards) I think I can do that as I'm more than halfway there after only 3ish months in.
Please guide how can I earn like you please
Not trading crypto option Today Is Like the Bitcoin pizza back then. One day people will acknowledge it
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are the strategies?
For the newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant
I've come across this name before, is he really reliable?
Wow!, I'm surprised you also trade with Alex Gomez, he's the best at what he does.
yeah 💯 Alex was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Alex Gomez. He is my number one source when it comes to crypto and TA.
Hey, I want to start investing but I don't know where to begin. Any advice or contacts for help??
It is wise to seek professional guidance when building a strong financial portfolio due to its complexity.
You are right
I heard someone mention a couple making around $90,000 during the recent Bitcoin pump. I could use some of that luck, honestly
Talking to an expert like Maren heule howard to reshape your portfolio is a very smart move.
I keep seeing different recommendations about this woman. She must truly stand out for people to speak so highly of her. 🤔
in Poland you can sell BTC to USDT WITHOUT tax. you pay tax ONLY when you go to fiat and you pay 19% + 4% (profit above 250k $)
Are you sure? USDT is also just a crypto?
That's way too much
All of eastern Europe don't have a crypto section for tax fillings, it just reported as income, so yes when that fiat hits the bank.
so below 250k? pay no tax?
Can you simply sell a stable coin? Where do you do this?
What I don’t understand is, on one hand we are told the stock market and crypto will crash and yet on the other we are told ways of investing in stock and crypto. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.
Not a great April so far but if you step back and actually look you will see the S&P 500 was up for the first Quarter. In the last 30 days, my IRA saw a gain of $70k. You might also consider finding a crypto cloud mining platform.
Just buy Gold and protect your assets, the stock market, crypto and crypto mining is a rollercoaster.
i thought about that , crypto mining would be going crazy, especially bitcoins mining .
My husband is making a lot on a Bitcoin mining platform.
how much are you making on bitcoin mining service, i am really interested tbh
I moved to Barbados in 2021 and I just transfer my Crypto from my Ledger to either my CL or Nexo card and use that for all my payments. Haven’t had any issues yet
CL or Nexo card? What is a Nexo card
Been thinking about nexo thanks for sharing.
@@zackthedon6054 - Try the CL Card first. Not too sure if you have to have a Ledger device to be eligible. But, it’s the better option at the moment. I used to use my Nexo card all the time. But, they stopped the 2% Cashback. It’s still an awesome system. But with the CL Card, they still give you 2% Cashback in BXX. It may not be worth much. But it’s free and I just stake it @ 25%. So, got nothing to lose really. I also have the Coinbase Card. Just get as many as you can. They’re all free
What is a CL card?
You don’t cash out of Bitcoin. You borrow against it and never sell. You cash into Bitcoin, because Bitcoin IS your exit strategy
How do you borrow
Where will you borrow from?
Hello, I wish to start investing but I don't know where to begin. Any advice or contact for help?
It's wise to seek professional guidance when building a strong financial portfolio, due to its complexity.
Talking to an expert like Nancy Hall to reshape your portfolio is a very smart move
Certainly! I diversified my $40,000 portfolio across different markets.
I made a net profit of around $109k by investing in high dividend yield stocks, ETFs, and equity.
The reality is that, you cannot do it without a tried and true person like Nancy.
I want to start investing but need guidance. Any advice or recommendations for assistance?
I made sure to invest my $25,000 portfolio in different markets to diversify my money.
By investing in high dividend yield stocks, ETFs, and equity, I managed to make a net profit of around $115k. It's been quite a successful venture!
Hey, could someone drop the contact info for this investment analyst here? Thanks!
She must be really impressive if people are speaking so highly of her!
No doubt about it! Started with just 2k, and the rest is history! 🔥🔥
why would he sell $10 million worth of bitcoin right before a bullrun
Why would you speculate on that with already 10M in the bag. 15k > 70k not enough?
He wouldn’t. Are you thick?
Time and effort
Because he probably has 200 millions?😅
Maybe he want to buy Ethereum 😂😂😂 😂
need to make millions as a first step
Do this:
1: Research how to make money (side hustle/business)
2: Invest most of your income into testing money making opportunities.
3: If you find something that makes money - reinvest in the same opportunity or find new tactics.
4: Research: How to live a taxfree lifestyle
5: Get a 2nd passport
You don't need a $1M to become a tax-free individual.
Are there no other videos on that?
Hey ppl, I'm a retired computer/IT person, Yet I still find *sentinel Recover* so informative and straight forward. Thanks for your advise and helping the people...........Great work and love watching.
when you say "Gains", you need to specify the non-realized gains are not taxable, while the realized gains (cash out) are taxable.
True, however if you invested 100k into Crypto in Australia for instance then made $2 million on that, then at the time of leaving you would still need to pay the full tax rate on capital gains (Profit you made above that initial $100 at the high tax rate in Australia for that bracket), you don't just leave the country, well in Australia you don't with all the profits (non-realised gains). Also EVERY country is different with their tax laws.
@@hiddenpandacapital6990100% same thing applies here in the U.S. You can choose to leave them, but don't think for a second you are going to leave without giving them their cut first 😂😂😂
Acumulei um total de 250 mil hoje. Estou verdadeiramente grato por todo o conhecimento e informação que você me deu nas últimas semanas. Comecei com 5 mil há 2 meses.
Como você fez isso, por favor? Sou novo no investimento em criptomoedas, você pode me orientar sobre como fazer isso?
E aconselhável buscar orientação profissional na hora de criar um portfólio financeiro forte
devido à sua complexidade.
YONNA LIMITED é uma mulher muito legítima e competente, seu método funciona como mágica, continuo vencendo com suas estratégias.
Fico um pouco perplexo em ver ela sendo citada aqui também, não sabia que ela também era boa para tanta gente, isso é maravilhoso, estou na minha quinta negociação com ela e tem sido ótimo.
Você também investe com yonna limited ?
Uau, aquela Senhora tem sido uma bênção para mim e minha família.
First you got to find a way to have profit while alts are down 50%+ this year 😂😢
swap to btc
Hahah true
That 50% will be covered in 2-3 days when the FOMOs come in
Guess this is your first crypto bull run experience, I believe 🙂
Then buy the dip boy
@@ruchfactor this is just a joke bro, relax
In UK you pay capital gain tax only on disposal of your crypto. Unrealised profits non taxable. You can leave the country with your crypto any time.
Just move to Dubai get citizenship then cash out
That’s what I thought 😊
they don't tax you on un-realised gains......so if you leave UK without selling there is no tax to be paid.....
@@slikyiky1340 exactly .
hello, any recommendation of any expert that can be of help on my trades? i want to start investing but i don't know how it works because i don't want to encounter losses anymore.
It is wise to seek professional guidance when building a strong financial portfolio due to its complexity.
I heard someone mention a couple making around $90,000 during the recent Bitcoin pump. I could use some of that luck, honestly
Talking to an expert like Adeline Ellison to reshape your portfolio is a very smart move.
I keep seeing different recommendations about this woman. She must truly stand out for people to speak so highly of her.
Adeline is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
Hit 100k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month this 2024 investing with Amelia Jason. I still thank you for the level-headed financial advice.
Thanks for keeping it light and real at the same time.
Much needed for us traders in times like these!..
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors this Amelia Jason is she one?
Don't use Poland for the crypto cashing out. I'm from Poland. Polish "IRS" can freeze your account for 6 months without notice!! And it can extend that even more.
And they can charge you even 75% of tax if you can't proof the source of your income (how you made your money, the explanation that you bought BTC long time ago isn't enough). Be careful!
Anyway, thank you for the video and welcome to Poland !!
In Belarus you cash crypto for 0%tax if you are resident. No proof of source if you cash out with belarus exchange
Poland WTF?!?!
YES I agree, had my account frozen for months and cost me me thousands to release. Remember EVERY document has to be notarized and translated..... My funds came from USA from a HOME SALE and it was still a complete f**ng nightmare!!! You want to to try it with CRYPTO smh.
DO NOT EVER try it with crypto. After living in Warsaw I have a friend who works n banking there and he told me I am lucky and that usually they will just 'keep' ALL the. money or MOST of it.
What's the best way to profit from this crypto bull run?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant
She is Emily Dalton Hickman
WOW!!! You know her too? I'm also a proud beneficiary of her platform
45k profit on weekly basis
I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
I love the information and analysis you put out here, How do i invest a profitable crypto market?
As a Novice, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant
He is Thomas David Archie
I'm a long term investor, I withdrew my profits of £105,000 during the Xmas period last year
please I'm new at this , please how can I reach him?
On Facebook
Only crypto that you've actually cashed out on are seen as realised and only then can you be taxed on capital gains. If you don't cash out, your gains are not seen as reaslised and therefore can't be taxed.
I'm lucky there's no Capital Gains Tax where I live.
Only trouble im having is im planning to sell most of my crypto into FIAT to buy a home next year, but want to know the best exchange (has lowest fees) to sell with
Excellent video. I am getting myself ready now, as my millions are inbound. Don’t want to pay 90% to America
finally found a way to cash out small millions and parts theroff in Cambodia. previously not crypto friendly.
Where can I find more details please?
I got to start over financially at age 43, I'm in 90% stocks now and 10% exchange-traded REITs. Honestly, I'm fine with it. At retirement I plan to switch over to all dividend stocks and just live off the income, not caring a whit about what the day-to-day prices in the market are...
I concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Britney Cohen Rose, out reach worldwide on the internet With her name first.
I'll check that name@@Jessrobbie
The efficiency of this *sentinel Recover* is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work *sentinel Recover* !!
If you've got millions in bitcoins you're already holding a secure deflationary asset which has a long history of appreciating in value.
Thanks for yet another autoritative vlog!
Wold really like to seeing you shedding a light on Argentina in term of crypto moving ot there and buying property.
Read that under new president Miley, things are getting rosy at this level!
Thanks in advance.
Just hold 1 Year and that’s it. No Tax
I am regretting not investing in digital assets ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the market. What coin should I look into as a newbie to safely grow my money?
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
When ‘Rachel Sarah Parrish’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Just be sure everything you're doing will be your own decision
And I suppose if it is too complicated because the rules constantly change everywhere you go around the world I think some type of subscription service with constant updates and access would be cool too, but maybe this whole process has to be a Consulting situation on a case by case. Just thinking out loud
GENERAL INFORMATION TO ALL OF OUR FIXED GAMES MEMBERS
👇👇👇
READ CAREFULLY,
Any fixed game is
approved and staked automatically by our online betting system, it is not shared outside for
security reasons.
Fixed games staking fee is 10k
✅SIGNED BY MANAGEMENT ✅
In UK you don’t pay tax on unrealised gains. Tax is only triggered on sale.
I think this may have changed. You pay on every transaction.
Before watching the video- I can do anything to get 100% of my hardwork
After watching the video- I am happy to pay 30% as tax
Reef chain integrates the best aspects of the most commonly used blockchains while maintaining full smart contract compatibility.
Why not mention Panama? They have no cap gains tax on crypto as well
When implemented correctly in real estate, blockchains can also speed up transactions, faster than traditional methods. Blockchain technology allows property titles to be transferred electronically through smart contracts. It eliminates manual paperwork, reduces administrative costs, and speeds up the transfer process.
How about Puerto Rico?
Great Excellent video!!
Thank you so MUCH!!
So even if I don’t sell any of the crypto, whatever percentage it went up already, will be taxed, even if I leave tomorrow to one of the countries you stated, so if the bull cycle is starting soon, I should do all of this before I make all these gains
We need more immeasurably wise and compassionate humans like you on this planet. Thank you for sharing *sentinel Recover* , James. I bet I'm not alone when I say this video found me at the perfect moment, and there are a lot of things here that I needed to hear right now.
How about Montenegro?
Thank you
The efficiency of this *TECH SAFE GUARDIAN* is next level. To juggle walk throughs of various angles on the topic delivered to-camera, different content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense access like this so digestible is really something. Awesome work james!!
This channel is the sole exception where I haven't skipped the promo ads. Your finesse in effortlessly integrating promotional content within your videos is genuinely impressive. Sometimes, it takes a moment to recognize that you're endorsing anything; I commend *sentinel Recover* for your adept execution in this aspect
You don't pay any tax if you didn't sell anything. What are you talking about?
yeah makes me doubt everything else he said
I think he is talking about capital gains tax. Like you can buy a bunch of real estate with the money you made in crypto and that money is not taxed unless you sell it and then that profit is part of capital gains. Thats just what Im guessing, Im not at all very knowledgeable on this.
@@monkeyrater capital gains tax is triggered when you sell an asset. If you dont sell there is no taxable event
he talks about cashing out, if u finally want to have it in real $ or euro u need to sell, if u sell then u have to pay taxe...
@@alantoine78 yes but he is saying that you need to pay an exit tax PRIOR to selling which is only true in some jurisdictions like the US
In some countries you are liable to pay capital gains tax for a certain period of time after you have moved out.
E.g in Finland it is
3 years.
Ireland is the same, unsure how long for however. Would have to leave the EU for it not to be visible.
Finland taxes you for 3 years after the year you move out of Finland, I just moved out, so it is 3.5 years for me.
@@rudolfbuford7178 That is correct, I should have been more specific. It is 3 calendar years following the year you moved out, so in the worst case 3 years and 365 days, if you move out on Jan 1, of a leap year.
@@rudolfbuford7178You are correct. I should have been more specific. Finland taxes you the year of departure and the following 3 calendar years. So, in the worst case it is 4 years if you move out on Jan 1.
I didn't understand one point: if, for example, you live in England and you have 5 bitcoins that you bought 7 years ago, will you have to pay tax before moving even if you haven't converted the bitcoins to fiat?
After a trade, revenue was used, purchasing an amount of BTC, to transfer to another platform to cash out. The exchange wouldn’t allow transfer unless tax has been paid. Is this accurate?
If I created a cook islands trust for my crypto that I have in my wallet would that create a tax event? I live in Australia. Thanks you
What if ur country has imposed bans on crypto but u still want to cash out crypto in some foreign country is that even possible?
I just wanted to say thank you for sharing this. Because you're right. The worst thing that you can feel is hopelessness. And I hope that someone who is on the verge of losing hope finds *sentinel Recover* and realizes that as long as you're still alive and breathing, there's a chance, there's HOPE that the future is brighter then the present day.
Love the channel brother, keep the great content coming, your a wealth of knowledge. I was curious if you have any idea if there's any African countries that are Crypto friendly, my son was looking at obtaining a second citizenship in Zanzibar or Tanzania, or even Seychelles. Maybe one day you could do a deep dive into safe African countries that could be a possible option for forefingers wanting to plant roots in the Mother Land so to speak lol... Thank you for all the hard work you put in and provide your listeners my friend. One love!
Wealthy Expat, Could you answer this please?
For US citizens living in Puerto Rico (Puerto Rico is part of the U.S. and has capital gains exemption), do you mean they can’t open a Trust in the Cook Islands and have that Trust own an LLC? The internet says you can.
So could you explain what you mean when you say for the US citizens is not feasible?
Thank you!
Energy is wealth period. What does that make Bitcoin? What does that make fiat?
In essence, keep playing around with ‘crypto’ like those slot machine players trapped in a casino.
can you make a video on how to cash out stocks the best way (tax free would be great)?
let's say someone gets US stocks while working and living in a fiscal hell country, what it the best way to reduce tax foot print when he wants to sell this stocks?
Thank you in advance 🙂
how can they tax you on non realised gain? if I never sale my crypto for fiat money but I buy asset with it as gold or real estate? The only taxable gains is if I sale those asset at the end?
We need more immeasurably wise and compassionate humans like you on this planet. Thank you for sharing *sentinel Recover* . I bet I'm not alone when I say this video found me at the perfect moment, and there are a lot of things here that I needed to hear right now.
Cyberopolis seamless integration of innovative technology and user-centric design makes it a standout project. Bullish is an understatement.
Isn't keeping Bitcoin easier in your hardware wallet ?
Great info thank you
But if you don’t sell surely you only pay when you sell as it’s I realized gains? Things go up and down after all.
what's the maximum profit/cashout from crypto that a tax resident from dubai that can transfer to their bank account hassle free?
LCX
How about we cash-out Crypt to wise then send it to UAE BANK?
what is your opinion on Austria?and Greece?
But if you start a corp. in say Costa Rica or Panama where they don't tax foreign income, but you live in Canada, do you not have to pay taxes even if you still live in Canada?
you have to become a tax non resident in Canada first then become a tax resident of that country
@@stevecao5069 yes, I figured that is what I have to do...I still have family here,, so a bit hard yet. Thank you.
Awesome work, *TECH SAFE GUARDIAN* ! It's so satisfying to see you putting in the effort to stop those shady characters. Protecting the public, especially the elderly, from those despicable con artists is crucial. You truly deserve recognition and appreciation for keeping us secure. I'm thrilled for you because you're my sibling. Your accomplishments definitely make you a strong contender for the Nobel Peace Prize. Keep up the outstanding performance!!!!!
tax from crypto is from selling to FIAT so you can leave high tax country
Thanks for the advice ❤
Not protecting a crash
Not ter 1
Its a liability (Alan Greenspan)
What you just said is a waste of time. You said if you live in a high tax country you will be taxed on your gains when you leave. What is the point of leaving then?
To not be taxed on future gains
@@WealthyExpat As most of their gains have already been made and they are now going to cash out there will be little or no gains. So there is no point in going through all of the hassle of moving. Also why would anyone want to cash out all of their Bitcoin? It makes no sense. Better to cash out just enough to do what you want to do at the time. For a large purchase get a loan on the Bitcoin to avoid any tax. Your advice seems fairly useless. Sorry to say this.
few jurisdictions have an exit tax and even less a unrealized gains tax. Basically the US, if youre from anywhere else in the west you wont be taxed
@@1greenMitsi So basically never listen to advice given on CZcams.
@@1greenMitsi The USA, CAN & AU all tax unrealized gains, NZ taxes unrealized gains on crypto but doesn't tax gains (realized or unrealized) on anything else. Most countries post "2020 thing" have exit taxes to steal even more money as many people are leaving "the west" and countries are desperate for money.
You're talking about a 19% flat tax. The US has zero long term capital gains tax under about 50K. Up to about 450K it's only 15%. The numbers you're talking the same, only the US will want their cut as well. BAD ADVICE!!!!
Aloha, I'm NHR Portuguese, what do you recommend? thanks
Only clean off ramp is to buy property, cars, watches, gold...
Before you can start a Cook Islands TRUST, LLC and a Liechtenstein offshore bank account... you need to convert your hard earned cryptos first hand into CASH 💵 before any transfer can begins.
The question is, where can we find 3rd party services to convert such crypto 2 fiat currency 💲 safely and then, move them to such trust?
I've heard that it costs about $50,000 to create a Cook Island trust and LLC. Is that true? Many people recommend other places for a cheaper options. Thoughts?
Yes it’s true, it’s the best jurisdiction
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer.
Ismay The Gifted part One
All those systems are changing every day. Thanks for the information. It is better to not sell in a system that is dying. Hold on to your Bitcoin. Look what happened to Roger Ver. He had lawyers and everything. 10 years after he gave up his U.S. citizenship. They arrested him in Spain. Said you owe us $50,000,000.00..... Dam.
What about Thailand? Heard they removed the crypto tax now
Thank you, it was interesting to watch. A little off-topic question, but I hope someone can help. How to transfer USDT from OKX wallet to Binance using the initial phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. For some reason it doesn’t work for me, the address is not accepted.
Dude, delete this comment. I sincerely hope you did not just give out your recovery phrase, if someone finds out account details then you can get all funds stolen.
Everybody, this applies to Puerto Rico too in terms of tax exemption.
Can I leave the US and not pay the origin country unrealized gains.
How to cash out my Crypto in Malta please?
Hi, thank for the video. Is it doable with say 400K usd ? Would the bank see no problem to create the bank account and is it possible to create an LLC in Cook Island then ?
It is not realistic to expect Swiss or Lichtenstein banks would deal some murky Cook LLC. First of all they will check private person KYC and personality. Yes, there are nice crypto banks like AMINA bank, Maerki Baumann bank, Sygnum bank, Dukas Copy bank, Bank Frick etc. But all of them will scrutinize you VERY detailed!
So but you must open exchange account under the trust to change usdt to fiat and cash out on bank account of trust, not easy....
First tell me to get 10 million usd 😭
Banks will use XRP as as stable coin for their specific CBDC, exchange your crypto for xrp stable coin , banks will accept it as its now their base layer for transactions
What about online banks like Revolut that will accept crypto and exchange them within the app for fiat?
I have this dilemma. Half of my crypto is in cold storage on Ledger Nano S, bought years ago from exchanges like Kraken and Binance.
Most of the other half however is on Revolut, bought from the same over the last 2 years (high fees i know, but many other exchanges stopped allowing GBP deposits)
Im planning on selling most of my Revolut crypto next year into FIAT to buy a home. But worried if I sell too much in one go, or withdraw all to an external wallet, they may freeze my account
It's crucial I am able to sell when i want with no issues to maximise my gains... so long as i do not exceed the limits (its only tens of thousands, so nowhere near the limits)
Have you sold using Revolut?
I bought tens of thousands of GBP worth on Revolut, late 2022 and early 2023, mainly Bitcoin and Ethereum. Had no issues depositing these kind of sums there using FIAT to buy crypto
But im worried if I sell too much in one go as I plan to next year, I may run into banking issues. I have never sold using Revolut so i am unsure
Luckily there's no capital gains tax where I live so don't have to worry about that
@@youjustreadthis897 I’ve sold with no issues but if you’re worried about large sums then maybe contact the help desk and ask them directly.
Banks report accounts/activity to country tax official, IE IRS, HMRC.
How to make trust account...under what name
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Can't imagine wanting to go full flat considering how much value it loses every year
You could go fiat when bear market starts, it won’t be losing 70% of its value in a year like bitcoin does
I would want to keep mine for much longer term but sadly will be selling at least half my crypto to FIAT next year to buy a house
Changes in public confidence in a government issuing fiat money may be enough to make the fiat currency worthless. Commodity money, however, retains value based on the metal or other material content it has. Fiat money is, therefore, more at risk of inflation because its value is not intrinsic.
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