Best crypto exchange for converting BTC/ETH to USD that won't report to the IRS?
(So no Coinbase)
I'm considering converting to USDT (tether) and then depositing that. Good idea?
I wish to know this as well. Is there a way to launder crypto?
>>1862398
Yes, there are ways.
Look up mixers.
local bitcoins
selling for cash gives you really good rates
>>1862398
I would think just scattering it over a bunch of exchanges and wallets is good enough.
But getting it back to my national bank if I want to do is tricky because a sudden deposit that's too big will look really strange and Coinbase will report things to the IRS and it could get messy.
I want something that will give me a fair rate to sell BTC/ETH with minimal fees if any and then deposit that to a national bank account with no fees.
I'm thinking that since Poloniex has USDT on its exchange, I just use that to sell my crypto, then transfer that to tether.to and from tether to my bank account. This doesn't solve the tax issue, but it avoids the fucking fees associated with selling to Coinbase and then depositing with them.
But how do I solve the tax issue and is there a better option?
Also Tether, like so many other wallets and exchanges these days, is asking for a shit ton of verification, which I don't mind but it take them fucking forever to approve verification (same with Kraken, Bitfinex, and many others) and that's not alright with me.
Anyone have a better way to do this?
>>1862413
Oh yeah. Localbitcoins/paxful lets you sell for insanely high rates.
Are there any ways to do this that require less effort on my part and because I don't have the history of verified sales to give me credibility?