Yeah, i remember someone here posted about his nightmare of sending and selling btc via a kyc exchange in order to buy a house pr do some renovation. I only can imagine the sleepless nights while the bank or exch freezes your 6 or 7 digit fiat amount to go through all proof of funds stuff 😱
Discussion
Indeed that’s my fear
But hey, let’s move to El Salvador
At least we have some nostrich friends to invite to join us 💪🫂
We should make a list how to cash out bitcoin in alternative ways 🤣
As someone mentioned bitrefill for small amounts and btc backed loans for bigger amounts are two possible ways atm
Buy luxury watches with it and trade them for cash afterwards
Buy gold bars/coins with a bullion shop that accepts bitcoin and sell them for cash afterwards (tax free)
Isn’t there also an official cash limit in the eu? I think it was 10,000€
Yep but who cares
The politicians often get caught with 100,000€ in cash and gold bars in there house 🤣🤣🤣🤣🤣
Bitcoin fixes that
Be careful with luxury watches. Selling them has gotten rather annoying since the fakes have gotten this good. You'll have difficulty finding buyers who won't demand an inspection of the movement at a local dealer who wants to get compensated as well.
