Why cash out to a bank account?

Why not just convert to a stable coin, buy a crypto debit card like the ones from Crypto.com or Swipe and spend from there?

Seems kinda risky to involve a boomer bank that can freeze your shit on a whim.

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We knew this years ago, even burgers had shift and bitpay newfag!

or put ur stablecoin into a pool and collect 15-25% a year on it

Cash app is nice any other suggestions boys

newfag here, in EU
when I want to cash out and use the resources, what exactly should I do and at what price is too low to bother?

I see so many bizlets talking about how they are gonna cash out. I don't see the logic in that.

My plan is to get a crypto debit card and spend from there, but no one is actually talking about it, so I'm wondering if there's an obstacle down the road with this method?

I didn't know you could do that. :( are these credit cards accepted everywhere? can anyone make a credit card if they're accepted by VISA and Mastercard?

why don't you do research? crypto . com has a crypto visa card.

I'm curious about this too. As in how do american tax laws apply to this? Definitely don't want to get nailed for tax evasion.

so many newfags flooding this board what the fuck

how the fuck do you pay mortgage or buy a house with a crypto debit card?

Those cards require KYC which means you need to pay taxes each time you buy something (because that is considered selling your crypto).

I have 2 bitcoins from 2011, but I never traded and never cashed

Fake eye lashes but I'd still poke the back of her throat with my deck.

>"I'm curious about this too. As in how do american tax laws apply to this? Definitely don't want to get nailed for tax evasion."
>good, now these goys will continue to pay for the niggers we are importing.

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The same way you do it with a normal credit card

Crypto.com lets you convert to USD all at once afaik, so you only pay taxes once.
You still need to KYC if you plan on transferring to you bank account, so there's no difference here

checked. gingers are the best

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>Those cards require KYC which means you need to pay taxes each time you buy something (because that is considered selling your crypto).

NEVER PAYING ANY TAXES YOU FILTHY KIKES.
COME AT ME COWARD LYING SCHEMING RAT FACED KIKES

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every transaction that you make with crypto is a taxable event, swapping tokens, sending somebody some crypto, literally any of that. it's bullshit so simply just do not tell the IRS that you have any crypto and don't make large purchases that don't make sense for people in your income bracket

What pools would you recommend?

You can buy gift cards with crypto for example at Bitrefill and also use local bitcoins/crypto. This seems like it would work as long as you're fine with cashing out slowly over time. If you want to cash out a a million at once then it's not really gonna work.

DON'T POST 10/10 REDHEADS YOU FUCKING FAGGOT I'LL NEVER GET A VIRGIN 18 YEAR OLD WIFE WHO LOOKS LIKE HER DON'T MAKE ME DEPRESSED

Stablecoins can be outlawed and go to zero overnight, though. It's about spreading risk.

if you got them in 2011 how could you only afford two?

I didnt believe in crypto at all, I just bought 2 and forgot about it, last year I thought to cash out but I missed the spike, now I want to be prepared to either cash out or trade for profit

Yes, but you only get taxed on capital gains. Which is pennies when going from USDT to USD. Once you trade your alt for USDT the majority of the taxes will be calculated and paid off the following year.

After that, you only need to report that you bought shit with USDT and the tax for doing that should be tiny as long as it stays correlated with the dollar.

so wtf, I buy coffee everyday for a year.... next year 365 taxable transactions. to report, even though tax may be zero.

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Yeah it's crap, but at least your money is your own and no one will be able to seize them.

Besides, it takes you 10 mins to run all the transactions through a tax calculator at the end of the year. It's not that complicated

>imagine paying tax on your crypto