Selling BTC and sending money

First of all, welcome to the Mentor Group, don't expect miracles, people will answer as they have time and if they know the right answer!

Cyprus banks will not allow any BTC nor crypto business. Maybe this will change in the future but as it is now they will reject any crypto business.

You need to open a business account for instant with Mister Tango (They charge EUR 500 / month ) to do the exchange. or you open a personal accounts with them with darks i.e. your picture fake data and get it verified. So you can transfer the money from there to any bank i.e. Cyprus banks.

That's how many have done it so far!

Sorry been away for some days....back now. Why not bypass the banking system as a whole and look for people/businesses selling assets such as property directly for crypto. Naturally the buyer would be using a provider that converts it to fiat but you can at least choose who you work with etc etc.

Alternatively you can setup a Foundation and gift the crypto to the Foundation as the new owner. You can act as web design consultant to the foundation and draw down from it when needed. The Foundation can also own global assets which are in the name of the foundation and hence a separate legal entity. This will offer you asset protection and privacy also.

Martin Everson said:

Sorry been away for some days....back now. Why not bypass the banking system as a whole and look for people/businesses selling assets such as property directly for crypto. Naturally the buyer would be using a provider that converts it to fiat but you can at least choose who you work with etc etc.

Isn't that for Switzerland only? or are there other countries where it's possible to by property, cars etc. for BTC ?

No its not just Switzerland it is global

http://bitcoin-realestate.com

https://www.denisonyachtsales.com/use-bitcoin-to-buy-your-next-yacht

You can buy not just real estate but many high-end assets with bitcoin if you look carefully. I won't list them all as its pointless but pretty much anything you can buy :)

If you do decide to go with a Belize company for example then avoid having a bank account for the company and use BTC wallet as companies account.

Remember it is still very likely that you will owe capital gains tax in your country once you sell the bitcoin. It's down to you how to resolve that one :)

You can order darks with your photo but with fake data, that's how I have sorted many Video Verification EMI's out. they have my picture but it is worthless because all other data is wrong. So someone has to proof that it's me that faked the documents and not someone that took my picture from facebook and faked the verification.

mikemat said:

This is my main problem to deal with.

Check what your capital gains rates are. They are usually lower than standard tax rate.

mikemat said:

Can you tell me more why should I avoid having company BTC wallet?

I didn't say to avoid BTC wallet. I said avoid a bank account and use a btc wallet.

diablo said:

You can order darks with your photo but with fake data, that's how I have sorted many Video Verification EMI's out. they have my picture but it is worthless because all other data is wrong. So someone has to proof that it's me that faked the documents and not someone that took my picture from facebook and faked the verification.

Someone told me you can do video verification without my picture and data? can you do that with Mister Tango?

bountymounty said:

Someone told me you can do video verification without my picture and data? can you do that with Mister Tango?

I don't believe without your picture but for sure without your data!

Works without your data, but you need to use your picture so it is a 80% anonymity!

@diablo are you able to help with verified MT account? please PM me.