Deposit method

[Antho]

Usually, I made deposits and withdrawals through a third party who acted as an IB, they helped convert local currency for deposits and withdrawals. In the future I might consider withdrawing with LTC I see the fee is only 0.0005 LTC.

Oh! it can be risky especially with potential money laundering concerns. direct withdrawals with LTC sounds like a safer option for sure

 

[fargana]

I don't know where you live mate but that is considered money-laundering if you are only exchanging currency with a certain person and that lad is doing all the transactions. You can get sentenced for avoiding taxation that way.

Depends on amounts. For sums less than 10K it's completely safe and makes sense, you will save lots of money

 

[Amadeus.V]

Depends on amounts. For sums less than 10K it's completely safe and makes sense, you will save lots of money

Mate, you are using a third party to make transactions for you. What could be the reason behind such a decision?
To avoid paying taxes? or money-laundering?
Both are illegal and you will be harshly sentenced. So, please explain to me why would someone use a third-party to make transactions for you. Because you HAVE to report it to the authorities.

 

[Zerologic]

Oh! it can be risky especially with potential money laundering concerns. direct withdrawals with LTC sounds like a safer option for sure

Thank you, your suggestion is worth considering.

 

[NatureGirl]

Mate, you are using a third party to make transactions for you. What could be the reason behind such a decision?
To avoid paying taxes? or money-laundering?
Both are illegal and you will be harshly sentenced. So, please explain to me why would someone use a third-party to make transactions for you. Because you HAVE to report it to the authorities.

maybe hes livin somewhere with different tax rules or somethin

 

[fargana]

The best deposit and withdrawal method really depends on your preferences and where you’re located. For me, I find using e-wallets like Skrill or Neteller super convenient because they have fast processing times and lower fees compared to traditional bank transfers. If you’re looking for security and reliability, bank transfers are solid but can take longer.

 

[CalvinT09]

Bank transfers are safe n all, but fees are way too high + it takes forever. I usually go crypto!! Way easier n faster

 

[fargana]

Bank transfers are safe n all, but fees are way too high + it takes forever. I usually go crypto!! Way easier n faster

Yeah you also don't have to pay taxes. For some countries this can be a huge headache.

 

[Enivid]

Yeah you also don't have to pay taxes. For some countries this can be a huge headache.

I wonder what countries you don't need to pay taxes on crypto earnings.

 

[NatureGirl]

I wonder what countries you don't need to pay taxes on crypto earnings.

i got a friend from portugal and she was tellin me that over there U don get taxed on Ur personal crypto gains. but if Ure runnin some kinda business with it like a crypto exchange or somethin then U gotta pay taxes. but if Ure just holdin onto your crypto and makin some profit Ure good and no taxes on that.

 

[fargana]

I wonder what countries you don't need to pay taxes on crypto earnings.

For p2p transactions no taxes are applied and definitely enough liquidity if you want to withdraw <100K or smth like that.