How do you cash out 1mill

how do you cash out 1mill.

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He thought he could cash out

honest answer is sell it on coinbase, patiently wait while they transfer it to your bank account (after calling your bank and informing them of the incoming amounts and their source to ensure no fraud flags are set), then report it factually and accurately to the IRS

real answer is you don't cash out and instead hold until you can make direct crypto purchases in 3 years you fucking non believer fiat-worshipping scumbag NIGGER FAGGOT

theres withdrawl limits on coinbase. no stablecoins.

Serious question:
Will you still have to pay taxes when you make direct purchases?

How can they prove the transaction occurred? And with who?

>get mco card
>liquidate x of your value
>deposit smol amounts to card account and pay for daily shit with it

Coinbase has 10k withdrawal limit though

it's 50k, and u can email them to increase it

I can see chain analysis tools + stores etc reporting their income wallets giving the government the ability to track most legit purchases automatically, eventually

Wait 5 years until Reserve is accepted at every point of sale worldwide, then cash out anonymously to RSV and become a tax evading international man of mystery

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10k daily?

This is how you lose all your money.

There is? What are they?

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We're all going to have this problem eventually, let us know how you go, OP.

Can’t you just cash out to fiat on coinbase and slowly deposit the it day by day to your bank?

Xmr to btc to gold

move it all to tether and withdraw 100k per week with coinbase.

Do you really need someone to confirm that for you? Use your brain.

GOLD, RETARD

25k by default but they are usually willing to increase it if you have a high enough balance. They just want to file with the IRS for huge amounts so they don't get a flashlight up their ass.

its 10k for me, but im eurofag so maybe that has something to do with it.

You convert it to USDC and then lend it to something like blockfi and enjoy a passive income of around 70k per year.

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Based AF
Buy gold on exchanges that accept crypto and simply start stacking gold, or sell gold for cash, then go gambling at the casino

Fucking based.

Ok so in Australia the moment you purchase, that is a tax event. The moment you gift or transfer OUT of a wallet you control is a tax event. So I hope there’s nothing linking your wallet with all your coins to the exchange you use in your country, because they will most likely report each and every Incoming transaction to your tax department Where they can then see the blockchain and which wallet it came from

>cashes out
>can only spend it in Venezuela

tether up nword

See

What are the chances you wear masks in public?