Revolut disabled my account for buying and selling btc. We can all have workarounds but the best option is to increase merchants adoption, that sadly seems like it's going very slow.
Living with Bitcoin.
Lately I'm a little sad because Bitcoin adoption by "common" people has been slowing down.
I would like this post to serve to collect ways to use our Bitcoin without having to pay taxes, since paying taxes is totally immoral.
I am not a tax expert, on the contrary, I simply give information that I have been collecting and especially for European citizens.
The first way which is the one I like the least, which is to exchange your bitcoin for FIAT and buy products with it, the question is that you can not do it in your bank account in your country because if not, the tax authorities will knock on your door. You have to do it through neobanks that give you an iban outside your country and if it is possible that this is outside the European Union better, you also have to keep in mind that this account can not relate it to the account of your country because to make a transfer in either direction, through the CRS system the treasury of your country would know the existence of that account. The operation would be to sell on the exchange and transfer it to this account and use the card to pay for goods and services.
Here are some neobanks, it would be helpful if together we can expand this list:
Revolut - Lithuanian IBAN
Bankera - Lithuanian IBAN
W1tty - British IBAN (Does not allow sending to exchange)
Wise - Belgian IBAN (Does not allow sending to exchange)
Tap - British IBAN
Icard - Bulgarian IBAN
Dukascopy - Swiss IBAN
Advcash - Lithuanian IBAN
The next solution is the one I like the most, being able to use your Bitcoin to buy goods or services:
And we have this excellent nostr:npub1lxktpvp5cnq3wl5ctu2x88e30mc0ahh8v47qvzc5dmneqqjrzlkqpm5xlc guide:
https://darthcoin.substack.com/p/pay-bills-with-bitcoin
It would be appreciated if we could expand this guide together, the only solution for Bitcoin to succeed is to use it, it is useless to have it stored until the end of the days.
Discussion
Use Revolut to buy p2p on @Robosats - don't send to shady "crypto exchanges".
If you really have to then you use PocketApp which have recently added Lightning support pocketbitcoin.com/lightning
I use Bisq and also pocketbitcoin and revolut was my fiat account, they started seeing more movements to pocketbitcoin and some movements I received from bisq and asked for statements of my incomes I said I could give those but I saw them a bit intrusive and I was just buying and selling btc. A few days later they blocked my account.
Curious, were those Revolut-to-Revolut payments, or regular SEPA transfers?
Volume will matter a lot as well I guess..
Revolut - Revolut.
When Revolut or other banks see outgoing transfers to Pocketbitcoin and then several incoming transfers from different people (SEPA or intra-system), it’s easy for them to assume that it’s the bitcoin trading going on.
Immediately , red lights start flashing in their heads.
This.
And also not only from different people, but also from different countries.
What about https://www.xapobank.com/? They are pro bitcoin.
What client did you use to post this? It posted three times 😅
I posted the same note three times but replying different notes in the same thread. But I'm testing Freefrom client now.
Is those post have same if or not?