How do I even cash out $3mil into my bank?

Well, there is a way you could avoid taxes.
Got any friends out in the UK? Or Russia?

Once you tell your bank what's up, they *should* be able to keep your account unfrozen. A savvy bank manager might ask for proof that you have the keys to your wallet, but this is doubtful. Keep proof of transactions because that will be something they will likely ask for. You've almost got out user, congrats.

the ico was a fucking rush. they made an announcement that the cap was 7eth so i made like 12 eth wallets and filled them up with 7eth each but the ico was sold out so fast that i was only able to buy on 5 accounts. i had to buy on shitty etherdelta.

like i said, i'm not planning on leaving my money in my bank long term. it's just to hold until i buy vanguard indexes. i already have a vanguard account so it should be easy.

i don't want to avoid taxes.

lmao I pulled out a large portion of my stack. Wired out to separate bank accounts from CB Pro (no, it is not illegal to have more than one checking account). From there, I combined the amount by initiating wire transfers to my brokerage accounts- who I feel better trusted with my "on paper" wealth. Though, I maintain 70% crypto, all you really need to be able to do is secure a mortgage for your 'made-it' home. Everything else is payable through crypto, don't even have to be savvy to do it.

Not sure if I missed the oldfag meeting where we constantly fud cashing out, or if people honestly believe if people weren't afraid to cash out the market would take. Or I guess everyone could be being genuine and think that cashing out is some sort of capital offense?

>short term cap gains is 40% in usa. i'm assuming i'd have to pay short term because i converted from link to btc to usd. correct me if i'm wrong.
if most of your gains came from link and you held for a year you'd pay around 20% (less for part). then you pay short term on your btc gains if any. google "cost basis"
go spend a few hundred dollars and sit with a legit tax professional / financial advisor for a few hours. it's going to save you way more than it costs

Buy Ava they pumping real soon with binance recently backing them up. Or book a travel with your gains and gtfo here. Use travala they accept crypto.

i'm just trying to be cautious because there was a thread here last week where an user cashed out 1mil and got his bank account frozen.

I do have friends in UK. How do Brits avoid paying taxes?

you're heavily overestimating your tax cost if you have held for over a year. Go find a cpa before you cash this out and figure out how to pay the least amount of tax.

yeah, i'm definitely talking to a financial advisor before doing anything. i just wanted a rough idea of what cashing out entails by asking on biz.

More like $30 Million if you don't cash out that thicc BTC and ETH stack really quick. Get with the program buddy. Take a chill pill and relax.

Attached: Sam.gif (445x250, 2.18M)

As soon as you'll tell this to your banker he will call the feds and they will assign a team of agents to investigate your whole life. I hope your ass is clean.

>i'm just trying to be cautious because there was a thread here last week where an user cashed out 1mil and got his bank account frozen.
That's why you have more than one account, and you never use your main bank account to do that kind of stuff. Nowadays banks are so afraid of the feds that they will not hesitate to fuck you if they think you're a risky client.

Just buy a pool, call Peter Schiff and ask for 1500 ounces of Gold.

Put Gold into pool, buy armed security and hold it down for the rest of your life while shit hits the fan.

This is attempt at money laundering, you’ll end up in prison if you follow this retards advice. Hire a cpa and contact your bank and if you can make a personal appointment with the branch manager not just some credit card approver.

>This is attempt at money laundering
What do you mean? Because I said he should have more than one account? As it was said earlier it's not illegal to have more than one bank account. Money laundering is injecting illegally earned funds into the real economy. If OP just invested in crypto he did nothing illegal... And there is nothing wrong with doing the transactions on a secondary bank account if you're declaring everything to the IRS anyway...
But it doesn't mean he is not going to get investigated, that why I said he should make sure he is 100% clean.

How do I avoid taxes??
I’m already risking my already fucking taxed money, and these shithead fuck dweebs think they’re entitled to ANOTHER 20% are you fucking joking me??
You weren’t the ones who fucking held link for 3 years when they weren’t worth anything why the fuck should they get anything??
Completely bullshit if you ask me

you're not gonna win at their own game. just pay the fucking taxes.

Elaborate faggot

Fuck that. I would rather just pay rent in crypto and keep all my money in Tether,
Unless I would still have millions leftover after taxes then I wouldn’t give a fuck,

But if I only make 1MM and they want 200k?? Fuck that.

take a loan collateralized by crypto
move funds to bank account
source loan
that is not income
then pay the loan with the collateral
if the loan was made by an entity in a free country like singapur you owe nothing
there