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If I move £200 in and out of my visa debit account 4-5 times a day, 3 times a week, will my bank ask questions and/or shut down my account?
Context is buying and reselling btc for small profits, like minimum wage level profits so below the 9k tax threshold.
Any suggestions?
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maybe if they find out its bitcoin. open an account at fire.com if you are worried. i have seen them recommended for uk coiners.
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Doesn't the exchange has a wallet to hold your fiat? That means you don't have to cash it out everytime you sold your btc to fiat
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>>2719935
With my current strategy, no. I'll be buying from individuals and selling to individuals rather than through an exchange. Where I'll be buying from only has a wallet for btc. Is there a better way to do it?
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Have fun filing your taxes. You won't be able to get around it, even if you have measly earnings.
Or you can be less retarded and just go back and forth between usdt and btc.
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>>2720067
Usdt?
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>>2719961
Use cash for transactions or a btc atm if you can find one. The tax man always tracks you down.
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>>2720523
I don't have a problem with taxes. Just will my bank account details safe. Fire dot accounts have some pretty hefty fees so Idk about them :/
Thread posts: 8
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Thread images: 1