Setting Up an LLC for Crypto Cashout: Feasible?

Hey there,
I'm looking into converting some of my crypto holdings into fiat for everyday expenses. These could be purchases that can't be made directly with crypto or through gift cards.

So far, I've explored options like using crypto cards without KYC, such as Zebec, as suggested on the forum. These cards are directly linked to Google Pay, but beyond that, I'm a bit limited in my solutions.

I'm considering the possibility of forming an LLC. I'm based in the EU, specifically France, and the plan would involve transferring some crypto (from my cold wallet) to Kraken (llc), then from Kraken to Mercury. With a Mercury debit card, I could make transactions as needed.

My understanding is that if these transactions are conducted through an LLC, they should remain private within the EU when using the Mercury debit card.

Naturally, I'll need to report this setup to the relevant authorities in my country of residence but I won't do but this company will not do any trades, I only use it for convert personal crypto to fiat.

Most of my crypto holdings are from exchanges without KYC, and the SoF is somewhat limited.

Is this approach viable, or do you have any alternative suggestions? In theory the company should be anonymous and with no trades should be somehow viable.

Looking forward to your insights.

I can't relocate now.

jafo said:

Why are you limited? Is Google Pay limiting you?

Martin Everson said:

Do you need a physical card or will a virtual one with Google Pay/Apple pay still do?

There are only a few no-KYC cards compatible with Google Pay, and unfortunately, one such option, Zebec, has been out of stock for new cards for several days now.

Are you aware of any alternative no-KYC options with reasonable fees? I'm considering both physical cards primarily for withdrawing money and using them for cashouts, as well as digital options like Google or Apple Pay. However, it seems challenging to find a card that are good. Any recommendations?

Martin Everson said:

You can look at ezzocard if you have not already done so.

https://www.offshorecorptalk.com/th...-cards-purchase-with-crypto.29375/post-131855

Fees are insane.

What is?

jafo said:

Have you tried this?
https://www.sudouest.fr/economie/de..., L'Heure,achats des clients, rapporte BFMTV.