So you have sold your cryptocurrency into USD/CAD whichever,

>>2003358
Bump

>>2003358
>Is it going to be taxed?
Yes

>>2003358
Once you sell it back to fiat, it will be automatically be sent to the bank tied to your account. Probably won't say shit because most exchanges have a monthly withdrawal. You won't automatically get tax unless you reported yourself

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In case you are a german, if you hold a wallet with your bitcoins for more than a year then you dont pay taxes there.

p.s. mfw

You have to launder your drug money, fuckstick.

It won't be an issue because the exchange will never let you cash out any meaningful amount

In the USA at least they start asking questions at like $10k

>>2003375
Source pls

>>2003378
Elaborate?

You'll be fine under 10k, but after that they need to file a transaction report. If you do multiple transactions like that, they will flag your account. Just tell the truth and you'll be fine, it wouldn't be the weirdest deposit I've seen come in desu

>>2003578
Thank you fellow bankman
So let's say I got my crypto in an exchange and have sold them, how do you transfer to your bank exactly? I'm talking about polo or kraken
I am a leaf btw.
And do you people seriously trust these exchanges with your ID?

>>2003378
>This fuckng meme
Split between Kraken and Coincuck you can easily pull out several k per day.

>>2003747
The major exchanges are pretty trustworthy.

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>>2003563
Just another salty nocoiner thinking this is still 2012.